How to get cashback cards as they are rejected event with cibil 800+

[tmahesh37]

I have a CIBIL score of 800+ with a credit history of over 10 years and credit cards with a total limit of ₹15L from HDFC and ICICI. Recently, I decided to expand my portfolio to maximize rewards, so I closed my ICICI Coral card as it offered little value and had an annual fee.


Later, I applied for the SBI Cashback and IDFC Power Plus credit cards, but both applications were rejected due to internal bank policies. When I inquired about the reason, SBI stated that it was a business decision and not related to my creditworthiness, while IDFC did not provide any response even after I escalated the matter to the Nodal Officer.


I have a savings account and a home loan with IDFC but no existing relationship with SBI. Can anyone guide me on the best approach to apply and increase the chances of approval?


Update : Upon insisting that SBI provide a proper reason for rejecting the SBI Cashback application, or else I would escalate the matter to the RBI, they immediately called me and informed me that the rejection was due to the expiration of my video KYC. When I further insisted that they should have informed me earlier or provided an alternative, they requested two days to reopen and process the application again.

 

[drvirag]

Welcome to the club,
AFAIK dere is no shortcut for cashback. Apply next month.

 

[Sobirvs]

if you are open to providing pan in DM (I don't suggest to do this), I can ask a Credit card employer at sbi branch (I have his whatsapp) to check the reason for your cashback card decline.

 

[drvirag]

if you are open to providing pan in DM (I don't suggest to do this), I can ask a Credit card employer at sbi branch (I have his whatsapp) to check the reason for your cashback card decline.

Reason is over leverage. Problm is dis card can be taken online only. No one from branch cn approve this card.
I already hv 2 sbi cards bt every time I apply dis it gets rejected.

 

[Sobirvs]

Reason is over leverage. Problm is dis card can be taken online only. No one from branch cn approve this card.
I already hv 2 sbi cards bt every time I apply dis it gets rejected.

I know this, but my brother was declined for the same, my mother too.

When I asked the guy, he showed me in his work phone via PAN that I was declined coz overleveraged but my mother was declined coz "mobile no. match policy" (as My mother's SBI Account is on my phone number), so it wasn't overleveraged and my brother was declined coz "higher variant card", my brother has prime card from past 5 yrs so sbi declined cashback card coz he has prime card as what i saw on the guy's office mobile phone.

It was a bit strange though coz my SIL applied for cashback card, she had prime card aswell from past 6 yrs but her's was approved and that too with 2x more limit compared to her prime. I anyways got my brother downgraded to simplysave and will apply after 3 months

 

[tmahesh37]

if you are open to providing pan in DM (I don't suggest to do this), I can ask a Credit card employer at sbi branch (I have his whatsapp) to check the reason for your cashback card decline.

Upon insisting that SBI provide a proper reason for rejecting the SBI Cashback application, or else I would escalate the matter to the RBI, they immediately called me and informed me that the rejection was due to the expiration of my video KYC. When I further insisted that they should have informed me earlier or provided an alternative, they requested two days to reopen and process the application again.

 

[hender]

Upon insisting that SBI provide a proper reason for rejecting the SBI Cashback application, or else I would escalate the matter to the RBI, they immediately called me and informed me that the rejection was due to the expiration of my video KYC. When I further insisted that they should have informed me earlier or provided an alternative, they requested two days to reopen and process the application again.

All the best 👍, this time, keep all in sync, no loose end.