• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Getting SBI card after overleverage possible?

arun4455

TF Premier
VIP Lounge
I have applied for SBI Octane card, however, the bank reject the application everytime. I have CIBIL of 800+ and decent income. When I approached the RBI Ombudsman to know the reason, I get to know that the cards are being rejected due to overleverage as I have few cards with very good limits.

Is there any way to get the Octane card? Currently I have simplyclick and CB card from SBI, they have rejected the Simplyclick to Octane upgrade also.
 
In my personal opinion there are better cards out there to put your spends on. You should just try to make your card ltf so you can use it for bank offers, instead of taking this bait.
Actually I was just looking for Octane card. I have shifted to a new place and on the way to my office, there is only two bpcl petrol pump. So I was trying to get octane for my fuel spend.
 
1) close unnecessary scrap cards
2) reduce the CLs on the existing CCs in their respective Apps
3) Increase your income
Get them reflected in CIBIL and try your luck
hi bro which one will be more effective? reducing number of cards or reducing credit limit. For my case Icici limit is more than 3x than other cards,if I reduce its limit from imobile app,will it be sufficient?
 
yes You are right but as the financial year is ending so should i try my Luck in the end of this month ? if failed then will try close more scrap cards
FYE is nothing to do with it, algo stops your application as soon as it finds you are over leveraged
 
Last edited:
Yes
FYE is nothing to do with it, algo stops your application as soon as it finds you are over leveraged
Yes my credit card declined reason U 2
But ye income to puchte nahi pan card no par hi declined karte hain inhe kaise pata meri income kitni he or agar meri income increase hoti he to inhe kaise pata chalega .
 
RBL had updated my proper income in Cibil but after some time this income not visible in my Cibil
How you know it is updated in CIBIL if it's not shown in CIBIL?

I am using CC's from 9 yrs yet my income isn't visible in CIBIL.

If a bank is claiming or giving in writing they did update it, it doesn't mean anything till it is not shown in CIBIL.
 
yes You are right but as the financial year is ending so should i try my Luck in the end of this month ? if failed then will try close more scrap cards
FY ending applies to only employes. Cashback card is based solely online/central SBI, no employee is involved neither is under pressure for sales.

If you are applying for any other card except cashback, then FY ending criteria might apply.
 
How you know it is updated in CIBIL if it's not shown in CIBIL?

I am using CC's from 9 yrs yet my income isn't visible in CIBIL.

If a bank is claiming or giving in writing they did update it, it doesn't mean anything till it is not shown in CIBIL.
Yes I download my full Cibil report in December 24
In the colum of Annual income ,My annual income was written
Then I download my Cibil report in the month of Feb .in the the colum of Annual income was -- ---
 
FY ending applies to only employes. Cashback card is based solely online/central SBI, no employee is involved neither is under pressure for sales.

If you are applying for any other card except cashback, then FY ending criteria might apply.
I did not apply for Cash back card I tried simply click by agent he told rejected with code U2
I reduced my limits 22L to 13L for Sbi card
But now I will not apply for sbi
And apply other cards which are yet to come in my collection
 
Back
Top