Need a suggestion, am I over levereged?

[ZappyRed]

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[D₹V]

have a goal of getting IDFC WEALTH, AU CARD, BOB CARD. Do they consider me over leveraged?

Not over leveraged for these banks.

But for SBI, yes

 

[imdjay]

Did you forget to add your Income?
without that how would anyone tell if you are overleverage or not?

 

[100Rabh_negi]

I have been getting rejection from few banks ( HSBC,AU,INDUSIND,FEDERAL ) during last 6 months or so. Before that within 1 year I have availed around 7-8 cards from different banks. Latest cards I have got are BoB(50k) and Amex (500K). I have around 20 enquiries in last 6 months. Looks like I am also facing this over leveraged issue. I have home+topup+car loans and 15 credit card with 0 late payments in last 7-8years with cibil of 800+. Should I close few of the cards or wait for few months before cibil enquiries are reduced in my account?

 

[Zacobite]

I have been getting rejection from few banks ( HSBC,AU,INDUSIND,FEDERAL ) during last 6 months or so. Before that within 1 year I have availed around 7-8 cards from different banks. Latest cards I have got are BoB(50k) and Amex (500K). I have around 20 enquiries in last 6 months. Looks like I am also facing this over leveraged issue. I have home+topup+car loans and 15 credit card with 0 late payments in last 7-8years with cibil of 800+. Should I close few of the cards or wait for few months before cibil enquiries are reduced in my account?

why do u need more cards? 7-8 cards 20 enquiries.. no wonder you r getting rejected.. you are a classic credit HUNGRY negative profile for the banks.. slow down.. do nothing now for next 12 months...leverage is clearly not the issue..

 

[100Rabh_negi]

why do u need more cards? 7-8 cards 20 enquiries.. no wonder you r getting rejected.. you are a classic credit HUNGRY negative profile for the banks.. slow down.. do nothing now for next 12 months...leverage is clearly not the issue..

I want to have these LTF card to avail online sale offers. You can call me Discount hungry, but that's the only purpose. I primary use 2-3 cards but wanted to have most of these just in case. Will wait for a while before trying another one.

 

[HumorSimpson]

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By your post I guess you are over drunk.

 

[Quiksilver27]

By your post I guess you are over drunk.

Just needs to keep screen locked in his pocket as msg was edited 🤣 or his child is a future TCian and has officially typed their first message🙂

 

[stoptomove]

I have been getting rejection from few banks ( HSBC,AU,INDUSIND,FEDERAL ) during last 6 months or so. Before that within 1 year I have availed around 7-8 cards from different banks. Latest cards I have got are BoB(50k) and Amex (500K). I have around 20 enquiries in last 6 months. Looks like I am also facing this over leveraged issue. I have home+topup+car loans and 15 credit card with 0 late payments in last 7-8years with cibil of 800+. Should I close few of the cards or wait for few months before cibil enquiries are reduced in my account?

Au rejects many, indusind approves , federal many reported rejection. So problem seems at bank side. Also few banks reject because of self employed and same work and home address.

 

[S U D O]

I have around 20 enquiries in last 6 months.

 

[100Rabh_negi]

Wasn't aware that Hdfc will trigger a cibil hit every time I check offer from my net banking. Now it's better since cibil sends out a SMS whenever there is a cibil hit.

 

[100Rabh_negi]

Au rejects many, indusind approves , federal many reported rejection. So problem seems at bank side. Also few banks reject because of self employed and same work and home address.

Thanks, I just wanted to know the reason behind these rejections. I believe it's because of enquiries but then I have 2 home loans (base+topup) and 1 car loan adding upto my 1 yr annual income but these being secured loans shouldn't be a bad factor I guess.

 

[Boy 07]

Not over leveraged for these banks.

But for SBI, yes

I have Cibil 779 and total limit of 9 cards is 13.5 L my annual income is 6 L am I over leverage for sbi card should I apply or not ??

 

[Anupama_Jha]

Archal jxjzjsjssnnssdd shshdh

Am I missing something 🤔

By your post I guess you are over drunk.

 

[Zacobite]

I have Cibil 779 and total limit of 9 cards is 13.5 L my annual income is 6 L am I over leverage for sbi card should I apply or not ??

quite possibly yes

 

[D₹V]

I have Cibil 779 and total limit of 9 cards is 13.5 L my annual income is 6 L am I over leverage for sbi card should I apply or not ??

Try applying SBI cashback.

Use cashkaro or take referral from me 😛

 

[Boy 07]

Try applying SBI cashback.

Use cashkaro or take referral from me 😛

If possible so I will try