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

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Sobirvs

Sobirvs

TF Premier
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.

1738168444556.webp

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?
 
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If I close my ccs that I don't use much n bring down the overall cc limit less than my salary n if apply for cashback card, I suppose it may be approved

What I again apply for other cards which will cause my cc limit to be more than my salary. Will sbi close the card? Cos they can close at any time as per their wish as per mitc
 
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iamdhamo said:
If I close my ccs that I don't use much n bring down the overall cc limit less than my salary n if apply for cashback card, I suppose it may be approved

What I again apply for other cards which will cause my cc limit to be more than my salary. Will sbi close the card? Cos they can close at any time as per their wish as per mitc
Click to expand...
It's not like that. Once you got SBI card in beginning of your journey, you can add any other bank card as per your profile, but you can't get SBI card
or it will be very rare after being over leverage in eyes of SBI Cards.

Like many, my first credit card was sbi simplyclick. After that I got 15-16 cards with high limit. I sometimes use sbi card for offers & sometimes it remains unused for months.

Just make sure, you keep using it in between to keep it active. They may reduce/increase limit as per their card usage algorithm, but will not close your card.
 
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iamdhamo said:
If I close my ccs that I don't use much n bring down the overall cc limit less than my salary n if apply for cashback card, I suppose it may be approved

What I again apply for other cards which will cause my cc limit to be more than my salary. Will sbi close the card? Cos they can close at any time as per their wish as per mitc
Click to expand...
no SBI will never close the card. Even though I am overleveraged, Just today (based on one week emails) today SBI converted my SBI Simplyclick card to Lifetime free status.
 
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jack333 said:
No need to close icici or any other card. For icici keep the limit same for your main account which has max no of cards. For other accounts containing cards which you don't use decrease the credit limit to minimum and they will report to cibil. For other banks escalate to rbi ombudsman if they are reporting shared limit as separate limit of each card.
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Is it really true that ICICI reports the limit set to the card in the in the app regardless the actual limit??

Suppose I have limit of 1L and I set it to 10k so only 10k is supposed to reported correct?
 
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TheTrickySid said:
Is it really true that ICICI reports the limit set to the card in the in the app regardless the actual limit??

Suppose I have limit of 1L and I set it to 10k so only 10k is supposed to reported correct?
Click to expand...

I don't think so, I asked ICICI CC too, and they also said No. But ya even I wanna know. I'll decrease my limit right now just to check if they did indeed report less limit.

Edit : changed my limit to 47k from 4.7L, ICICI doesn't let you go below 10% of total CL given by them. Let's see in next CIBIL update if they show this on CIBIL.
 
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an update : A relative works for SBI, just told me on call, that for FD she can get me cashback, said if in case I don't get the card, close the FD. She has 99% surety. Let's see. No harm right if I can close the FD. Also my relative said if I do indeed get the card, then she will also get the lien removed from the card within 1 week, she said she has done this many times before. I don't care for lien removal, as long as I get the card.

TheTrickySid said:
Did you get the SBI card?
Click to expand...
chk my main post, I always had SBI simplyclick card, it's just I'm not able to get cashback card coz of over leveraged issue.
 
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Sobirvs said:
an update : A relative works for SBI, just told me on call, that for FD she can get me cashback, said if in case I don't get the card, close the FD. She has 99% surety. Let's see. No harm right if I can close the FD. Also my relative said if I do indeed get the card, then she will also get the lien removed from the card within 1 week, she said she has done this many times before. I don't care for lien removal, as long as I get the card.


chk my main post, I always had SBI simplyclick card, it's just I'm not able to get cashback card coz of over leveraged issue.
Click to expand...
i reached to my sbi branch there was a lady who siad that please make an fd of 50 k you would get the sbi card after some time you can close fd and your card wil work and will not close i did not blive her so i did not do it can you tell me is this possible ?
 
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Boy 07 said:
i reached to my sbi branch there was a lady who siad that please make an fd of 50 k you would get the sbi card after some time you can close fd and your card wil work and will not close i did not blive her so i did not do it can you tell me is this possible ?
Click to expand...
Idk, my relative I trust her tbh. I know how usually bank staff con people, I am aware of that, in the name of FD. And my relative has said already to close FD in case the card is not approved.

I was ready to even transfer the money and get FD done right away, she said wait, she is enquiring even more with top official before she goes ahead and puts in FD request.
 
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