vickyprasad
TF Buzz
Hi,
I have recently applied for PhonePe Sbi select (Black) credit card and instantly got rejected and the i asked for reason for rejection application to customerservicehead@sbicard.com
and received call about this and sbi cards representive said my application got rejected because of overleveraged profile.
im attaching mail copy that i received. Im not an Salaried person nor have an ITR what can i do.
Any suggestions?
Dear Applicant,
Warm Greetings for the day!
This is with reference to your communication and subsequent telephonic conversation regarding your SBI Card application.
With reference to concern raised regarding PhonePe SBI Card application 282521306xxxx has been declined dated 09/09/2025, we would like to inform you that application could not be processed due to overleveraged profile, due to excessive unsecured exposure.
We request you to reapply after six months from the date of this application decline.
We request to share the following income documents, if your wish to re-consider your application (Subject to approval)
1. Latest 2 months’ Salary slip with bank account number clearly visible on salary slip or latest ITR along with latest 3-month bank statement
2. In case account number/bank name not mentioned on salary slip we request you to kindly share the latest 3-month bank statement.
Please also note that if you choose to share your consent for restarting or reconsidering the application, a CIBIL enquiry will be generated as part of the evaluation process.
I have recently applied for PhonePe Sbi select (Black) credit card and instantly got rejected and the i asked for reason for rejection application to customerservicehead@sbicard.com
and received call about this and sbi cards representive said my application got rejected because of overleveraged profile.
im attaching mail copy that i received. Im not an Salaried person nor have an ITR what can i do.
Any suggestions?
Dear Applicant,
Warm Greetings for the day!
This is with reference to your communication and subsequent telephonic conversation regarding your SBI Card application.
With reference to concern raised regarding PhonePe SBI Card application 282521306xxxx has been declined dated 09/09/2025, we would like to inform you that application could not be processed due to overleveraged profile, due to excessive unsecured exposure.
We request you to reapply after six months from the date of this application decline.
We request to share the following income documents, if your wish to re-consider your application (Subject to approval)
1. Latest 2 months’ Salary slip with bank account number clearly visible on salary slip or latest ITR along with latest 3-month bank statement
2. In case account number/bank name not mentioned on salary slip we request you to kindly share the latest 3-month bank statement.
Please also note that if you choose to share your consent for restarting or reconsidering the application, a CIBIL enquiry will be generated as part of the evaluation process.
