Should i now apply for sbi card previously declined for over leverege

[shariqAzim]

Hello everyone,
I wanted to apply for sbi simply click. But every time im applying it is getting rejected stating internal policy since 2023 end maybe..
I once held sbi fbb card but closed in January 2021 or so.

I last applied in oct 17th, my current cibil is 780 and i hold other cards as well.

Should i apply now as quarter and financial year is ending or wait till april 18th atleast?

Thanks

 

[helloworld]

Try your chances if you really want it. Based on your query, we don't know anything about whether it improved in your side or not, its just your score 780, holding other cards and asking about over leverage which required your combined credit limit, income etc.

Anycase, try offline if you have any chances for better result, if possible.

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Thread 'Guide to Choosing the Right Credit Card - Basic Requirements'

Sep 28, 2024

How to Choose the Right Credit Card for You

Simply looking at your CIBIL score or listing your existing cards won't help determine the most suitable credit card for you. To make an informed choice, you need to consider various factors.

Key Steps to Select a Credit Card:​

1. Identify Your Spending Categories
   Look at your monthly or annual expenses and categorize them. This will help determine which card gives the best rewards for your spending pattern.
   
   Example:
   • Amazon: ₹5,000
   • BigBasket: ₹5,000...

• helloworld
• Replies: 14
• Forum: Suggest me a Credit Card

• 
• 
• 

 

[shariqAzim]

Try your chances if you really want it. Based on your query, we don't know anything about whether it improved in your side or not, its just your score 780, holding other cards and asking about over leverage which required your combined credit limit, income etc.

Anycase, try offline if you have any chances for better result, if possible.

--------------

Thread 'Guide to Choosing the Right Credit Card - Basic Requirements'

Sep 28, 2024

How to Choose the Right Credit Card for You

Simply looking at your CIBIL score or listing your existing cards won't help determine the most suitable credit card for you. To make an informed choice, you need to consider various factors.

Key Steps to Select a Credit Card:​

1. Identify Your Spending Categories
   Look at your monthly or annual expenses and categorize them. This will help determine which card gives the best rewards for your spending pattern.
   
   Example:
   • Amazon: ₹5,000
   • BigBasket: ₹5,000...

• helloworld
• Replies: 14
• Forum: Suggest me a Credit Card

• 
• 
• 

First of all thank you for your response.

I agree i missed giving few inputs that could help and also understand that it's hard to say, but just taking opinion from the experts here who may have come accross some work around for this kind of situations.

I have seen improvement in cibil from 775 to 780 in 6 months or so.
My in hand is around 19 Lpa.

Actually i was also curious because since oct 17 it has not completed 6 months yet, it should happen on 17th april but since the financial year end is near i thought maybe it can be used in my favour.


And yes i only plan to apply via post/mail now instead of online process.

Once again any feedback or comments is always welcome.