Anyone got SBI Cashback Credit Card Over Leverage issue fixed? Let's close cards??

[Sobirvs]

Well I was at SBI branch for my savings account and talked to a guy (actually 2 guys, 2 diff brances) and I got something from his phone, it was from his training manual.



Now I have probably ~25 credit cards(some on shared limit). CIBIL report says I have 21 credit cards. How the hell should we fix overleveraged issue fixed? Has anyone been able to do so? I am not asking someone who got declined because of other reasons(like my mom got declined for cashback coz mobile number match - my number is on her INB). I am saying, has anyone able to fix this? Like may be closed some cards or something? If I am let's say file 7L ITR, my alone ICICI and SBI(simplyclick) card limits will be more than my income (5L+3.95L) Does that mean I should close my all other cards and still there is no guarantee I will get cashback card no? I am sure many here have credit cards 10x above their income and still they are able to get cashback card.

Now what about shared cards? for example I have 7 ICICI cards (rupay/coral/rubyx mc-amex/sapphiro mc-amex/apay) but at CIBIL it shows only 2 cards. Probably coz apay and coral are reported and all rubyx/sapp/rupay all are under coral. Strange I though even apay is under my core icici cards but it's not. I used to have same limit with core icici card and apay 3-4 yrs back and now my apay limit is 5L and core card limit is 4.7L. Anyways, my question is if I keep apay and umm coral and close all others, does that mean it will help? ICICI will still report to CIBIL as 2 cards no? So does that mean I should close cards only who are shows as separate??

Damn Amex also report seperately at CIBIL, even kotak too. Why some banks report cards as one and some don't??

Anyways, if someone was able to fix over leveraged issue and how, let me and all of us know?

 

[Sobirvs]

Or this??
Thread 'New CIBIL reporting frequencies of various banks from Jan 2025' https://www.technofino.in/community...uencies-of-various-banks-from-jan-2025.35804/

yep, this one, thanks.

 

[SSV]

Speaking of which, isn't CIBIL a pain with logins, like every damn time this thing asks for OTP even if I select remember this device

It used to this before, but not any more..try to check your cookies settings

 

[Sobirvs]

It used to this before, but not any more..try to check your cookies settings

are u saying cibil doesn't tell u to save device again and again in every login? Because i haven't stopped any cookies, rechecked the setting even added cibil as exception to always save cookies specially.

 

[SSV]

are u saying cibil doesn't tell u to save device again and again in every login? Because i haven't stopped any cookies, rechecked the setting even added cibil as exception to always save cookies specially.

as I said it was doing it for me about a year ago. but when they rolled out new version of it it stopped asking it frequently .. now it is asking after a long gap of using it.. again. I use it quite frequently like almost every day

 

[Sobirvs]

as I said it was doing it for me about a year ago. but when they rolled out new version of it it stopped asking it frequently .. now it is asking after a long gap of using it.. again. I use it quite frequently like almost every day

same here and I have the new CIBIL afaik and it keeps asking me again n again.

 

[SSV]

same here and I have the new CIBIL afaik and it keeps asking me again n again.

are you using app? try different browser also

 

[Sobirvs]

are you using app? try different browser also

website only with chrome. Will try edge but it's based on chromium only so idk if that will help.

 

[SreeU]

yep, my SIL also got it instantly. How many cc's you have according to CIBIL and income/CL ratio?

Thanks, the CB CL is 60k...
My gross salary is 12 Lakhs.
I have 5 CCs. Total Credit limit is around 10 Lakhs + HL of 25 lakhs from LICHFL.
One of our technofino friends explained the procedure to apply directly from SBI net banking. Before that We need to link our SBI account with DIGI LOCKER. Check for the interested CC and proceed...
After reading your posts, just I have given a try following the above procedure.

 

[Sobirvs]

already made a list btw which cards to close.

Checked total limits , it's 72L. (Excluding amex gold charge). idk if cibil report shows total, i just did total manually.
But kiwi app thru their cibil shows i have 66L limit. May be it doesn't factor in new cards i got in last few months.

So HDFC Neu, IndusInd eazydiner, RBL shoprite, Kotak Myntra + Urbane and Onecard federal for now. This total will make my CL reduced about 19L.

I am confused about ICICI Apay, Amex Gold charge, Axis FK/Myzone/Citi.

ITR is less than 10L, can increase this 3-4x but what's the points of CC's then if I will pay taxes.

I guess I have many months before I apply again, so can slowly and easily reduce my leverage.

Also IDFC's loan which I never asked for neither I avail shows on CIBIL for 30k (in idfc app it shows 5L), This loans shows as "Active" on CIBIL. I guess will ignore as in cibil shows only 30k as sanctioned?

 

[Sobirvs]

Thanks, the CB CL is 60k...
My gross salary is 12 Lakhs.
I have 5 CCs. Total Credit limit is around 10 Lakhs + HL of 25 lakhs from LICHFL.
One of our technofino friends explained the procedure to apply directly from SBI net banking. Before that We need to link our SBI account with DIGI LOCKER. Check for the interested CC and proceed...
After reading your posts, just I have given a try following the above procedure.

Nice. My SIL with 7L ITR got 1L limit. SBI idiots work in mysterious ways.

 

[SreeU]

Nice. My SIL with 7L ITR got 1L limit. SBI idiots work in mysterious ways.

Yes, strange...one of my colleagues with the same salary got SBI octane with 30k CL. Any how thanks & Good night.

 

[SSV]

Nice. My SIL with 7L ITR got 1L limit. SBI idiots work in mysterious ways.

When we apply for SBI cards if we have a very few cards , like 1 or 2 cards, then there are more chances to get the SBI card with a decent limit. So the trick here is we need to apply for abi card very early in the cc portfolio build up...
May be your SIL hasn't got many cards on her name

 

[2025]

"Checked total limits , it's 72L."

"ITR is less than 10L"

Getting such a high personal credit line itself is a big achievement with such low personal income (ITR).

Be happy what u got. Try every 3 months, at some point of time u will get this card.

I have read somewhere that u are running a successful business but your ITR should reflect that as well. Otherwise even if you close all cards there is a high probability that you will be treated as overleveraged by their system.

You can close the cards, but you can not clean the past records from cibil. It might be difficult to get some of the cards that you are closing just to apply one specific CC.
Good luck.

 

[Sobirvs]

When we apply for SBI cards if we have a very few cards only like 1 or 2 cards, then there are more chances to get a SBI card with decent limit. So the trick here is we need to apply for abi card very early in the cc portfolio build up...
May be your SIL hasn't got many cards in her name

She had only one card on her name from last 7 years, that was SBI Prime with 40k limit, SBI gave her limit increase many times but she was never interested nor even keen. She didn't even use sbi app or website. didn't even have e-statements lol, but did have autopay.

I got her cashback (add on under my name) and i disabled her primary cashback for any trxn online/offline as she isn't into cashback too. Basically I enjoy cashback card anyways, just that my ocd wants cashback under my own name lol and probably infinia (but i am far away from that, my next 1-1.5yrs will be totally and hopefully focussed on using some selected cards for max spends, and go for infinia for myself (currently have 3.5L CL for hdfc).

 

[itzmycard]

So the trick here is we need to apply for sbi card very early in the cc portfolio build up...

Luckly I have managed to secure 2 sbi cards including cashback card with same strategy. Now I am overleveraged for them. They denied 3rd card also denying LE on existing cards

 

[Sobirvs]

Luckly I have managed to secure 2 sbi cards including cashback card with same strategy. Now I am overleveraged for them. They denied 3rd card also denying LE on existing cards

did u got cashback card first or the other card? timings? other card is which variant?

and btw we can never know why LE decline happens.

My brother has just 2-3 cards but has regalia gold for 8.5L CL. This is a portfolio of last 15 years for him, he has sbi prime with CL 40k and SBI don't want to give him even 10k limit increase, I tried 2-3 times in last 3 months on the website and decline everytime lol

 

[itzmycard]

did u got cashback card first or the other card? timings? other card is which variant?

I got simplyclick first on c2c basis and cashback card around 1.7 years afterwards on split limit basis. Both applied through agent only

 

[Sobirvs]

I got simplyclick first on c2c basis and cashback card around 1.7 years afterwards on split limit basis. Both applied through agent only

Agents apply for cashback? have never heard that, even in branch sbicard guys never apply cashback, they just say go to website or yono to apply.

I would have gotten the cashback and then asked 95% limit to be transferred to cashback and then after few months just applied for sbi credit card c2c basis in 6 months or so.

 

[itzmycard]

Agents apply for cashback?

it was during launch days of sbi cashback card.

 

[jack333]

Well I was at SBI branch for my savings account and talked to a guy (actually 2 guys, 2 diff brances) and I got something from his phone, it was from his training manual.

View attachment 82172

Now I have probably ~25 credit cards(some on shared limit). CIBIL report says I have 21 credit cards. How the hell should we fix overleveraged issue fixed? Has anyone been able to do so? I am not asking someone who got declined because of other reasons(like my mom got declined for cashback coz mobile number match - my number is on her INB). I am saying, has anyone able to fix this? Like may be closed some cards or something? If I am let's say file 7L ITR, my alone ICICI and SBI(simplyclick) card limits will be more than my income (5L+3.95L) Does that mean I should close my all other cards and still there is no guarantee I will get cashback card no? I am sure many here have credit cards 10x above their income and still they are able to get cashback card.

Now what about shared cards? for example I have 7 ICICI cards (rupay/coral/rubyx mc-amex/sapphiro mc-amex/apay) but at CIBIL it shows only 2 cards. Probably coz apay and coral are reported and all rubyx/sapp/rupay all are under coral. Strange I though even apay is under my core icici cards but it's not. I used to have same limit with core icici card and apay 3-4 yrs back and now my apay limit is 5L and core card limit is 4.7L. Anyways, my question is if I keep apay and umm coral and close all others, does that mean it will help? ICICI will still report to CIBIL as 2 cards no? So does that mean I should close cards only who are shows as separate??

Damn Amex also report seperately at CIBIL, even kotak too. Why some banks report cards as one and some don't??

Anyways, if someone was able to fix over leveraged issue and how, let me and all of us know?

I've escalated to axis pno as they also are reporting common shared limit of three cards as separate limit of each card. They are just talking non sense and not resolving it. I'm going to escalate to rbio next. Only icici somewhat does it partially right