HSBC Platinum Credit Card Declined After VKYC

[karcool]

Hi,

HSBC is declining Credit Card application after Video KYC.

Prior to VKYC - HSBC is checking CIBIL, Salary Credits through Account Aggregator, Residence Address through Aadhaar Authentication and Office Location in Form. Why do they decline after checking these stuff and calling " Approved in principle" before VKYC.

I have read through various threads in forum where members mentioned that HSBC is strict on CIBIL Checks, Location etc. But aren't these already checked during application process before proceeding to VKYC?

Thanks,

 

[helloworld]

After CIBIL check, 2 phone verification calls, 1 home verfication, another CIBIL check, 1 VKYC, w/tentative limit message - also, SBICard declining applications.

There are no strict TnCs for this process of any bank.

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your options:

- find and drop a mail for 'exact reason' stating rbi rule.
- negotiate and deal based on that reason.