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Confused About SBI Card Rejection? Seeking Insights from Fellow Cardholders!

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Patrazz

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I maintain a healthy CIBIL score of over 760 and hold more than 10 credit cards from various banks, including HDFC, Axis, ICICI, IndusInd, and Federal. However, my application for the SBI Cashback Credit Card was declined, and the reason provided—seems unusual. Could this be a valid reason for rejection, or should I request a reconsideration of my application?
I would appreciate suggestions and insights from fellow users.
 
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Patrazz said:
View attachment 75518
I maintain a healthy CIBIL score of over 760 and hold more than 10 credit cards from various banks, including HDFC, Axis, ICICI, IndusInd, and Federal. However, my application for the SBI Cashback Credit Card was declined, and the reason provided—seems unusual. Could this be a valid reason for rejection, or should I request a reconsideration of my application?
I would appreciate suggestions and insights from fellow users.
Click to expand...
My CIBIL is 810 and credit history of 20 years. Office verification positive and house verification positive.I have max limit of 8.20 lacs with Axis.

Worst part I didn't receive any email or sms or a letter for application rejected. Not even after 1 month of application.
 
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Patrazz said:
View attachment 75518
I maintain a healthy CIBIL score of over 760 and hold more than 10 credit cards from various banks, including HDFC, Axis, ICICI, IndusInd, and Federal. However, my application for the SBI Cashback Credit Card was declined, and the reason provided—seems unusual. Could this be a valid reason for rejection, or should I request a reconsideration of my application?
I would appreciate suggestions and insights from fellow users.
Click to expand...
It's very usual. Over leveraged.

Golden rule: try to get sbi card during initial phase of cc journey. Later one trudges the trodden path to reach sbi gurgaon office.

They are asking you to obtain secured/fd based card.

Nonetheless you can get unsecured SBI CARD, but will have to email them with your financial profile and a little bit of persuasion is warranted.
 
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The point most of the Applicants miss is this :

ITR shows the ANNUAL INCOME..
Divide it by 12 to get MONTHLY
INCOME.

CC limit indicate the MONTHLY USAGE LIMIT. PER CARD. If you have 6-8 cards, add all the limits to get the MAX MONTHLY USAGE LIMIT.

Decide for yourself

Whether you are over leveraged or not.
 
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How one can get fd based sbi cb card?
vega said:
It's very usual. Over leveraged.

Golden rule: try to get sbi card during initial phase of cc journey. Later one trudges the trodden path to reach sbi gurgaon office.

They are asking you to obtain secured/fd based card.

Nonetheless you can get unsecured SBI CARD, but will have to email them with your financial profile and a little bit of persuasion is warranted.
Click to expand...
 
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And here my FD based card was rejected, reason showed pan mismatch error but that is not the case, everything is same in both aadhaar and pan and also same details filled in form( applied through branch).
Even branch people are not aware about the actual reason, It just shows pan mismatch in their system.
I hold 8 credit card with 2% utilisation
 
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Credit card rejection must contain more details IMO. Recently, my application for IRCTC Premiere was rejected with no reason, no communication. They didn't even ask for my income proof or anything (I'm an existing SBI card holder). But when I had applied for SBI cashback card a few months back, it was instantly approved with no documents needed at all.
HDFC is worse in terms of rejection.
 
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