SBI Cashback instant approval : My experience and 2 questions on limit enhancement

[Akash Topder]

So I got SBI Cashback approved instantly in SBI sprint with a world class limit of 10k. Got the virtual card right away and it also start showing in SBI Card app. Had Simplyclick before with 56k limit and also had a saving account with them for 2+ years with minimal to average usage and very low MAB maintained. I am going to use a video by @TechnoFino to increase my limit using my HDFC Millennia which is not even 2 months old. Now my question is 1. Will SBI card accept a limit enhancement request just after the approval of card?
2. Can I use HDFC Millennia which is not even 2 months old even though the limit is quite good?

 

[panu24]

My personal view is that you should use Cashback card for 3 months and they try for limit increase request by that time your Millennia will also be 5 months old.

 

[Akash Topder]

My personal view is that you should use Cashback card for 3 months and they try for limit increase request by that time your Millennia will also be 5 months old.

Yeah I actually already sent a mail containing 3 months of salary slip asking for enhancement. Let's see.

 

[pprakash11]

So I got SBI Cashback approved instantly in SBI sprint with a world class limit of 10k. Got the virtual card right away and it also start showing in SBI Card app. Had Simplyclick before with 56k limit and also had a saving account with them for 2+ years with minimal to average usage and very low MAB maintained. I am going to use a video by @TechnoFino to increase my limit using my HDFC Millennia which is not even 2 months old. Now my question is 1. Will SBI card accept a limit enhancement request just after the approval of card?
2. Can I use HDFC Millennia which is not even 2 months old even though the limit is quite good?

Instant approval included VIDEO KYC or it took KYC details from your existing CC relationship ?

 

[Akash Topder]

Instant approval included VIDEO KYC or it took KYC details from your existing CC relationship ?

No Vkyc. Happened so fast and smooth that I was surprised.

 

[pprakash11]

No Vkyc. Happened so fast and smooth that I was surprised.

Oh Nice !!
I will try soon, have two SBI Cards already, BPCL & Simply Click.

 

[Akash Topder]

Oh Nice !!
I will try soon, have two SBI Cards already, BPCL & Simply Click.

Yeah existing SBI Card owners are getting SBI cashback fast but the limit is low.

 

[rp0703]

Oh Nice !!
I will try soon, have two SBI Cards already, BPCL & Simply Click.

Probably going to get rejected. I also had simplycick and BPCL when i first applied. They rejected without any CIBIL enquiry or anything. Then after 2 months I applied using alternate number and got 10K limit.

 

[pprakash11]

Yeah existing SBI Card owners are getting SBI cashback fast but the limit is low.

Probably going to get rejected. I also had simplycick and BPCL when i first applied. They rejected without any CIBIL enquiry or anything. Then after 2 months I applied using alternate number and got 10K limit.

What you suggest ? Should I apply first time only with alternate number or start with my official number only ?

 

[pprakash11]

Probably going to get rejected. I also had simplycick and BPCL when i first applied. They rejected without any CIBIL enquiry or anything. Then after 2 months I applied using alternate number and got 10K limit.

2nd time in your case, all that lengthy procedure of KYC took place ?

 

[Akash Topder]

What you suggest ? Should I apply first time only with alternate number or start with my official number only ?

Well that is very hard to guess. Banks function in weird way. You can't really guess it. I'll say it boils down to the scenario that can you take a CIBIL enquiry and a potential small CIBIL hit in case it gets rejected. If you don't care about another enquiry and a small CIBIL hit then go for it.

 

[pprakash11]

Well that is very hard to guess. Banks function in weird way. You can't really guess it. I'll say it boils down to the scenario that can you take a CIBIL enquiry and a potential small CIBIL hit in case it gets rejected. If you don't care about another enquiry and a small CIBIL hit then go for it.

I'll proceed with my official number only, let's see what's in my fate 😂

 

[Harry1]

My personal view is that you should use Cashback card for 3 months and they try for limit increase request by that time your Millennia will also be 5 months old.

I used for 3 months and then sent them mail. They are asking to wait for 6 months.

 

[rp0703]

2nd time in your case, all that lengthy procedure of KYC took place ?

No. Got it instant.

 

[rp0703]

What you suggest ? Should I apply first time only with alternate number or start with my official number only ?

First go with main number. If not approved. Wait couple of weeks then apply with alternate number.

 

[Boy 07]

No Vkyc. Happened so fast and smooth that I was surprised.

i have applied sbi card, bank declined the application i asked reason they told you have more liablity than your income what should i do i have 11 cards of others banks and one loan which is three years old. Remaining balance approx 1.7 L from 4 lakh before one year a applied it was declined due to negative filed verification now the problem i am facing appliaction instant declined

 

[Shin-Chan]

That is one way of getting away by SBI, I know a guy with <10L ITR and 10x leverage as CC limit and running loans etc of 15-20L still got SBI CC with good limit