SBI Cashback Card Application - Query & Discussion

[iamdhamo]

Hi Team,

Is there anyone in our TF community who can process and approve sbi cashback card just like amex cards. In Offline mode we cannot get the sbi cashback card so is there any other way?

My application was rejected saying due to bank internal policies.

I have applied late for SBI cashback card. My cibil score is 804. Guess my leverage is exhausted and they rejected.

Want to know if I can apply again after 6 months ?

 

[iamdhamo]

@Sobirvs do u think closing a unused card is better or reducing the limit such that we can also have the card in case of offers. I spend 5k to 10k with indus ind but limit is 5L so thinking to reduce limit as 1L instead of closing such that leverage issue can be addressed without closikg the card such that cibil also won't get affected

 

[Sobirvs]

I too have 2 car loans. N my credit utilization is less dan 20%. Sbi itself give me preaproved offers in app for different cards. But not cashback.

I have no loan with sbi, just sbi simplyclick card from 6 yrs and a savings acc that i opened 2 weeks back. I get preapproved cards too (bpcl and simplysave). Getting preapproved is normal, doesn't depend on loans afaik

 

[Sobirvs]

@Sobirvs do u think closing a unused card is better or reducing the limit such that we can also have the card in case of offers. I spend 5k to 10k with indus ind but limit is 5L so thinking to reduce limit as 1L instead of closing such that leverage issue can be addressed without closikg the card such that cibil also won't get affected

If your aim is to get cashback card, then closing the card is better. This "reducing limit" doesn't work afaik as my brother has a hdfc card and his bank given limit is 8.5L but he has put limit himself through card control and has put 2L limit. But in his CIBIL it shows 8.5L only. So it doesn't matter, closing the cards is the best option for deleverage afaik.

 

[QamarImam]

Can someone explain how SBI consider over-leveraging? For instance, I have 3 HDFC credit cards with a limit of ₹1.1L (shared). Since each card is reported separately to the credit bureau, will the total limit be considered as ₹1.1L or ₹3.3L?

Similarly, how does this work for ICICI and Axis banks?

Also, how is a vehicle loan considered - is it based on the monthly EMI or the total loan amount?

 

[Sobirvs]

Can someone explain how SBI consider over-leveraging? For instance, I have 3 HDFC credit cards with a limit of ₹1.1L (shared). Since each card is reported separately to the credit bureau, will the total limit be considered as ₹1.1L or ₹3.3L?

Similarly, how does this work for ICICI and Axis banks?

Also, how is a vehicle loan considered - is it based on the monthly EMI or the total loan amount?

idk about loan, probably the remaining amount is considered along with interest

however for cards, it all depends how it shows on cibil. If your shared limit is reported seperate in cibil then seperate only is considered. Also for other banks, axis report seperate aswell but icici is mix of things, like for example my coral, rubyx, sapp cards are shown as one card. but apay or adani cards iciic reports seperately.