Search results for query: over leverage

I don't think now I'll ever get SBI cashback card bcz of over leverage policy and Apay bcz the ICICI person told me the weirdest reason I've ever heard for rejection- you're 30 yrs old, so no card for you

...discussion here on "overleverage". You can check it https://www.technofino.in/community/threads/sbi-card-over-leveraged-heres-the-solution-experiment.29682/ Or search this forum for "over leveraged" to know more about your issue. Also note SBI cashback can only be applied by online process.

I regularly get a call from sbi agents to apply for sbi cc and now when I applied they instantly declined 🙃

@imdjay At first looking at feature I was like WOW, SBI is using Tech to increase the limit and thought they would be generous on Over Leverage which we don't understand. But the same old story with them.

...And there was a considerable increase in my annual income this year, after doing all this approached SBI for Limit increase and they are telling the same thing now (Over Leverage). So I just left LE from SBI and let them give when they wanted to give. I just left that case of LE from SBI for now.

Reason is over leverage. Problm is dis card can be taken online only. No one from branch cn approve this card. I already hv 2 sbi cards bt every time I apply dis it gets rejected.

I was denied by sbi representative who called me and told my profile is over leveraged and they can’t provide sbi card to me. Can someone throw some insight?

Application Rejected, without even asking for income, Im not sure how they check over leveraged without that... Any escalations to ask for reason?

U2-approval over leveraged What is U2 approval over here

Then they will ask for SBI account/FD for exceptional approval that’s the reason i haven’t applied for SBI CB card i know it will get rejected

Total of all banks' credit cards' limits I don't know if they give different weightage to the overleverageness parameter for different cards.

The problem is even if we have add on cards they will still reflect as standalone cards and there by representing us as over leveraged, even though we may have a single card only.

Thank you , I have replied to the Mail for the exact reason.

HSBC, SBI and few other banks consider this over leverage concept.. Ex: In CIBIL, HDFC CC 1 limit: 800000 HDFC CC 2 limit: 800000 HDFC CC 3 limit: 800000 (though in HDFC its shared limit) AXS CC 1 limit: 700000 AXS CC 2 limit: 700000 AXS CC 3 limit: 700000 AXS CC 4 limit: 700000 (though in...

As per my understanding, credit limit cannot exceed annual income

ye icici wale inki toh khair nahi!

If you apply thru CK for the new BPCL , then it will most likely be rejected because of "Over leverage" issue ( 90%) chance.. But if you are approved for the new card, then it will have a new seperate limit on top of your current 1.2L limit on the other card.. It all depends upon your...

We share the same belief on over leveraged.

aap ko reason kya diya rejection ka ? over leverage ?

...now I also have 20+ cards in my portfolio and recently they declined my application for SBI Tata Star Platinum card bcz of the same over leveraged reason. After that I got HDFC Neu Infinity, Axis Airtel, HSBC LIV+ cards approved, seems mostly it's the issue with SBI, but for sure it forced me...