SimplySave Rupay credit card approved in first attempted and cashback rejected 3-4 times in past 1.5 years, how to proceed for cashback now?

[navdeep22]

hi,
i tried getting cashback card for quite number of times now. Reqests were either got rejected or were put on hold by saying that SBI is not issuing cashback credit cards now.


i was told to get simplysave rupay variant which can be easily get and then go for cashback, so what should i do now?

1. activate this card and later apply for cashback card?
2. donot activate this card as not worth to spend Rs500 per year as nothing special in this card which i dont have in other card.. and then later apply for cashback card
3. apply for cashback card right now?

PS: aproved simpysave rupay few days ago

 

[Heehaahee]

1 or 2 depending what u want..

 

[flimz]

Try applying via Cashkaro. You will get extra rewards/cashback if you get approved

 

[kiranjain]

I applied for sbi cashback yesterday and within 6 hr i was issued virtual card with 3L+ limit. Itna fast approval aaj tak kisi card mai experience nahi kiya mene.

Usse phele sbi vistara cc apply kiya tha 4 month phele which was rejected after long wait.

 

[navdeep22]

I applied for sbi cashback yesterday and within 6 hr i was issued virtual card with 3L+ limit. Itna fast approval aaj tak kisi card mai experience nahi kiya mene.

Usse phele sbi vistara cc apply kiya tha 4 month phele which was rejected after long wait.

kaise bhai, mera SBI me salary account hai 40 lakhs ITR wala, auto sweep fd wala bhi hai, cibil 790 hai, pta nahi chahte kya hai wo

 

[navdeep22]

i

1 or 2 depending what u want..

i want my chances for cashback approval maximum, dont care about simplysave

 

[bigbyte]

kaise bhai, mera SBI me salary account hai 40 lakhs ITR wala, auto sweep fd wala bhi hai, cibil 790 hai, pta nahi chahte kya hai wo

All PSU card issuers behave in strange manner when it comes to issuance of Credit cards.

 

[MS R]

hi,
i tried getting cashback card for quite number of times now. Reqests were either got rejected or were put on hold by saying that SBI is not issuing cashback credit cards now.


i was told to get simplysave rupay variant which can be easily get and then go for cashback, so what should i do now?

1. activate this card and later apply for cashback card?
2. donot activate this card as not worth to spend Rs500 per year as nothing special in this card which i dont have in other card.. and then later apply for cashback card
3. apply for cashback card right now?

PS: aproved simpysave rupay few days ago

u might be over- leveraged...

 

[SSV]

All PSU card issuers behave in strange manner when it comes to issuance of Credit cards.

1000% correct...
because they are still in the age of paper based systems and centralised authority..
they are still think banking is a previlige to the customers that they are only providing and think no where else to go for the customers...
pathetic in one word

 

[NOOBY]

I applied for sbi cashback yesterday and within 6 hr i was issued virtual card with 3L+ limit. Itna fast approval aaj tak kisi card mai experience nahi kiya mene.

Usse phele sbi vistara cc apply kiya tha 4 month phele which was rejected after long wait.

existing sbi card or NTB ?

 

[navdeep22]

u might be over- leveraged...

i have lot of credit cards, that might be over leveraged?

 

[Everybody]

u might be over- leveraged..

Don't understand how they fulfill their targets , when they decline application saying "Over-leveraged".

SBI cards should change their policy!!

 

[MS R]

i have lot of credit cards, that might be over leveraged?

Yes.. As per sbi if u total credit card limit is 2x of ur annual salary then u r over leveraged … also if u have multiple cc from same bank .. though u have shared limit .. banks report as separate limit for each card in cibil
My actual limit on all cards is around 70L . But as per cibil my limit is around 1cr

 

[MS R]

Check this thread

V

Thread 'U2-approval over leveraged rejection reason for SBI Cards - Possible reasons and solution'

Apr 10, 2024

This issue may be there with all the CC issuers but primarily with SBI Cards.

At SBI, your card application would get rejected instantly after your submission stating internal bank policy as reason. And obviously bank doesn't share the exact reason even if you escalate it to PNO. RBI complaint helps (yet to try).

I managed to have an agent inform the exact reason, which is U2-approval over leveraged. Seems like I'm having too much credit limit then I'm supposed to (total high credit limit/earnings ratio).

Common Reason -> Multiple cards sharing common credit limit. This is how it works...

• vijay.vj
• Replies: 33
• Forum: Credit Card - General

• 

 

[kiranjain]

Yes.. As per sbi if u total credit card limit is 2x of ur annual salary then u r over leveraged … also if u have multiple cc from same bank .. though u have shared limit .. banks report as separate limit for each card in cibil
My actual limit on all cards is around 70L . But as per cibil my limit is around 1cr

I am self employed and total credit card limit is 3.5x my ITR amt still was issued sbi cashback cc

 

[bigbyte]

For those already having SBI card, over-leveraged can not be termed as a valid reason but SBI card may still reject application.

Additional card , specially cashback card, is issued with initial 5k limit only and later limit is re-balanced from existing cards. So basically no extra credit line is offered by SBI in case of additional card.
But there is an stupid AI taking all these decisions and even more stupid humans validating it.

 

[Dreams Of Desire 💓]

kaise bhai, mera SBI me salary account hai 40 lakhs ITR wala, auto sweep fd wala bhi hai, cibil 790 hai, pta nahi chahte kya hai wo

How long you have that salary account with sbi?
Usually they assess on their own quarterly or 6 monthly for such accounts. In-bank agents do call and pester about such offers from time to time.
I would advise you to take that rupay and use for card offers which may come handy to you in future. Wait for reapply for atleast 3 months and as one fellow suggested next time apply via some cashkaro or bankbazar website. No guarantees about approval but can guarantee about daily spam calls.
Don't fall for any agent saying he can get you cashback card via offline application. I have yet to see any such claims to be truthful.

 

[kiranjain]

existing sbi card or NTB ?

first card of sbi

 

[kiranjain]

kaise bhai, mera SBI me salary account hai 40 lakhs ITR wala, auto sweep fd wala bhi hai, cibil 790 hai, pta nahi chahte kya hai wo

Aapko koi bhi bank ghar aake card de dega....

 

[navdeep22]

Aapko koi bhi bank ghar aake card de dega....

ITR pe zayada dete nahi bhai, HDFC me mera imperia account hai, wo bhi nahi de rhe premium card