Search results for query: over leverage

I need to pay 2999+gst incase I accept this miserly limit card! It's like back to the past! No thanks!

As your ITR is 30L and your limits across cards is 43L you're not over leveraged (<1.5times) - If your Credit limit range crosses above 2-2.5 times (Estimated) your ITR then SBI may consider you over leveraged.

Thanks. Will go through the post.

Kaya kaam krte ho bhai 😂

You have closed cards from all other banks?? If yes then the over leverage issue might be fixed What the issue now??

sbi took this word 'over leveraged' when rbi said provide proper reasons rather saying internal reasons. which according to them worked for many times. its better either try to switch that simplyclick to octane or apply separately on other family members name. as mentioned 16 years can't...

for most of the banks it is okay.. SBI is notorious for Over leverage concept.. I think there are a few other banks like SC ans some other one or two banks ... but out of all SBI is the most strictest for over-leverage concept

for me cb..i applied that first and got at first application without rejection..point is more cc has over leverage issue..my first pick sbi cb cc

That is because u already have maximum limit from sbi cards as of now. Mostly reason will be U2(Over-leveraged). No use visiting the branch. Just drop a mail to sbi cards, ask them for the reason or reconsideration.

...you said in other comment you dont hold any sbi card and your limit is 25L on other. I suspect it will get rejected for the reason of over leverage. I experienced same in my previous attempt. So used strategy. Acquired card which is more valued by sbi(BPCL Octane) then applied for...

Sure, you are correct that it's a tough task, but it should be both ways. We are looking like beggars here. Unnecessary attitude from them

This will be like a religion thing for SBI.. ie Over leverage… If you are really over leveraged then you won’t get any SBi card let alone CB card

SBI treats you over leveraged.. that's y... I have heard ppl having HDFC Infinia facing rejection fr SBI Cashback. Each n every card is unique in its own way😊

Try applying SBI cashback. Use cashkaro or take referral from me 😛

No . . But 8L is plenty and it was doubled because of Tata neu infinity and I am overly overly leveraged.. in a nutshell I don't want any LE from hdfc

all gemstone under 1 account only in cibil. https://www.technofino.in/community/threads/impact-of-holding-multiple-credit-cards-from-one-bank-on-your-cibil-report.3087/

...we don't know anything about whether it improved in your side or not, its just your score 780, holding other cards and asking about over leverage which required your combined credit limit, income etc. Anycase, try offline if you have any chances for better result, if possible...

...shared is "Please note that specific reason for decline of your application is scores, debts and usage of other cards." Does this mean over leverage? My CIBIL is 782. And total utilization is only 5%. I already hold SBI SimplyClick and BPCL. Is this a valid reason? Should I escalate this...

ha bhai meri limit 58 lacs pahuncha rakhi hai, axis bank, icici bank, hdfc bank, sbki double/triple add ho jati hai, jitne cards honge uss bank ke multiplied by shared limit of all those cards. This is wrong way of calculation because one cannot spend more than the shared limit still they are...

Yes faced this problem while trying to get sbi cashback card. They declined application citing over leverage. Have closed 2-3 cards which I am not using.