Credit Limit for new Sbi cc

[Arkapal Sen]

I have sbi cb cc of limit of 1.2L
want to apply for sbi bpcl cc (not octane)
will i get any new limit or sbi will give me bpcl by splitting from 1.2L ?

 

[SSV]

I have sbi cb cc of limit of 1.2L
want to apply for sbi bpcl cc (not octane)
will i get any new limit or sbi will give me bpcl by splitting from 1.2L ?

If you are applying thru pre-approved offer in the SBI Cards App, then new Credit Limit will be split with your current CL.
So you need to part away some part of your current 1.2L to the new SBI BPCL...

 

[Arkapal Sen]

If youare applying thru pre=approved offer in the App the Credti Limit will be split with your current CL

no i have other cards like simply , prime , pulse as preapproved..but not bpcl..i will apply via cashkaro

 

[SSV]

no i have other cards like simply , prime , pulse as preapproved..but not bpcl..i will apply via cashkaro

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 overleverage situation in the eyes of SBI..
So other things being equal and you are not considered as Over leveraged by SBI then you will get new limit otherwise rejection ..

All the best

 

[Arkapal Sen]

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 overleverage situation in the eyes of SBI..
So other things being equal and you are not considered as Over leveraged by SBI then you will get new limit otherwise rejection ..

All the best

will u explain me what over leverage is?
i have total 4 cc..
sbi cb paid..1.2L
amazon and coral icici ltf 2.9L
yes bank kiwi cc 1.6L

in this case over leverage may occur?

 

[SSV]

will u explain me what over leverage is?
i have total 4 cc..
sbi cb paid..1.2L
amazon and coral icici ltf 2.9L
yes bank kiwi cc 1.6L

in this case over leverage may occur?

and how much will be your declared income in your new application ?
and if it is more than 7.5 L , then your application may be approved .. ( the safest limit I am talking about)..

the lesser this number (below 7.5L) then the greater are the chances of rejection ...

 

[Arkapal Sen]

and how much will be your declared income in your new application ?

4.5Lpa..plus i already have one sbi cc..

 

[SSV]

4.5Lpa..plus i already have one sbi cc..

Most likely will be rejected due to over leverage..

your total reported CL to CIBIL is: 8.6L ( including doubling of ICICI cards ie. 1.2L + 1.6L + 2.9L + 2.9L).
your ITR = 4.5L
so in this case, your total CL is almost 2* ITR..
In the eyes of SBI, it will most likely be the case of Over leverage.. ( as per my observation,. I dont know the eaxct number..)

If your income is about 8 L , you will defnitley get the SBI card
or
If your total reprted CL in CIBIL is less than 4.5L then also you will get the new SBI card..

 

[Arkapal Sen]

If your total reprted CL in CIBIL is less tahn 4.5L then also you will get the new SBI card..

how to check this?

 

[SSV]

how to check this?

go to CIBIL and get a free report which is available once a year or
check in your AMZN or Gpay.

Note: react to all my posts above
and pick one of the posts as solution , if it answered your query..

 

[Arkapal Sen]

go to CIBIL and get a free report which is available once a year or
check in your AMZN or Gpay.

Note: react to all my posts above
and pick one of the posts as solution , if it answered your query..

gotcha.. else will ask my father to get bpcl..he uses fuel ..so good for him too

 

[SSV]

gotcha.. else will ask my father to get bpcl..he uses fuel ..so good for him too

Out of all the Banks, SBI religously follows over leverage rule very strictly ( there are a couple of other banks as well)..
So my TIP: we need to get all our desired SBI cards in the initial stages of our CC portfolio..
or get atleast one with max CL and then split the CL with other new SBI cards

 

[Arkapal Sen]

Out of all the Banks, SBI religously follows over leverage rule very strictly ( there are a couple of other banks as well)..
So my TIP: we need to get all our desired SBI cards in the initial stages of our CC portfolio..
or get atleast one with max CL and then split the CL with other new SBI cards

i think its time now for apay cc to be closed..bcuz i have sbi cb cc..ur take?

 

[vine]

i think its time now for apay cc to be closed..bcuz i have sbi cb cc..ur take?

Apay is a good LTF card. If possible please ask ICICI to decrease the CL.
Why not kiwi? I don't like kiwi.

 

[Arkapal Sen]

Apay is a good LTF card. If possible please ask ICICI to decrease the CL.
Why not kiwi? I don't like kiwi.

i like kiwi..it gave me flat 7%cb last month on upi..and i use a lot

 

[Arkapal Sen]

Apay is a good LTF card. If possible please ask ICICI to decrease the CL.
Why not kiwi? I don't like kiwi.

yeah lowering limit of apay would be great too

 

[vine]

i like kiwi..it gave me flat 7%cb last month on upi..and i use a lot

Is it Yes Kiwi or Axis Kiwi + SPDC

 

[Arkapal Sen]

Is it Yes Kiwi or Axis Kiwi + SPDC

actualy its yes klick aka yes kiwi

 

[350modena]

no i have other cards like simply , prime , pulse as preapproved..but not bpcl..i will apply via cashkaro

Doesn't CK restrict CB if you are already an existing SBI CC holder ? Check the terms - i can see 1200 as CB but terms say no for existing SBI cc holders.

 

[Arkapal Sen]

Doesn't CK restrict CB if you are already an existing SBI CC holder ? Check the terms - i can see 1200 as CB but terms say no for existing SBI cc holders.

i seee need to read tnc then