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Tata Star SBI Credit Card..Lowest Limit Given (72k)

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chnleo

chnleo

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I had visited Tata Star supermarket at gachibowli, Hyderabad 10 days back. Moment i entered then a Sbi agent pounced on me and forced me to apply for Tata Sbi card. Sincle Sbi was the only card missing in my stable then I decided to give it a shot. I hold Axis magnus, Idfc wealth and mayura with 15L limits. I have cibil score of 785 with perfect record since 20 years. Sbi made 2 cibil hits and 1 Experian hit too!!! Also.... Central kyc!!!!!

Now comes the best part! My card was approved and I was alloted a premium card with annual charges of 2999+gst. Got my card after few days and when I opened the courier then I found the limit to be miserly 72k!!! Wtf!!! My brain was knocked off for a moment and my entire family laughed for a day! I tried calling cc but always ended up facing a wall through ivr! Finally I mailed them to cancel my card and i am waiting for their reply! I decided never to apply for sbi card again! I request everyone to avoid sbi totally. Worst bank and worst cc.

Update: Sbi people called me and argued that I had accepted the limit before approval!!! I asked where??? There was a mention that the limit would be between 40k to 30L. So I was expecting atleast midway mark! I had to cut their argument and flatly told them to cancel. After I got their cancellation noc then I breathed a sigh of relief! After all battle won for nothing! 🤦‍♂️
 
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chnleo said:
I mailed them to cancel my card
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You don't have to do anything to cancel the card. Just do not activate it. The card should be cancelled after 30 days of non-activation as per RBI guidelines. Peace.

Direct quote from https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12300

Under point number 6 (vii)

vii. No card-issuer shall report any credit information relating to a new credit card account to Credit Information Companies prior to activation of the card. Any credit information relating to such inactivated credit cards already reported to Credit Information Companies shall be withdrawn immediately; under no circumstances it shall take more than 30 days from the effective date of these directions.
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chnleo said:
I had visited Tata Star supermarket at gachibowli, Hyderabad 10 days back. Moment i entered then a Sbi agent pounced on me and forced me to apply for Tata Sbi card. Sincle Sbi was the only card missing in my stable then I decided to give it a shot. I hold Axis magnus, Idfc wealth and mayura with 15L limits. I have cibil score of 785 with perfect record since 20 years. Sbi made 2 cibil hits and 1 Experian hit too!!! Also.... Central kyc!!!!!

Now comes the best part! My card was approved and I was alloted a premium card with annual charges of 2999+gst. Got my card after few days and when I opened the courier then I found the limit to be miserly 72k!!! Wtf!!! My brain was knocked off for a moment and my entire family laughed for a day! I tried calling cc but always ended up facing a wall through ivr! Finally I mailed them to cancel my card and i am waiting for their reply! I decided never to apply for sbi card again! I request everyone to avoid sbi totally. Worst bank and worst cc.
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The world best bank lol
Don’t activate the card
 
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chnleo said:
I had visited Tata Star supermarket at gachibowli, Hyderabad 10 days back. Moment i entered then a Sbi agent pounced on me and forced me to apply for Tata Sbi card. Sincle Sbi was the only card missing in my stable then I decided to give it a shot. I hold Axis magnus, Idfc wealth and mayura with 15L limits. I have cibil score of 785 with perfect record since 20 years. Sbi made 2 cibil hits and 1 Experian hit too!!! Also.... Central kyc!!!!!

Now comes the best part! My card was approved and I was alloted a premium card with annual charges of 2999+gst. Got my card after few days and when I opened the courier then I found the limit to be miserly 72k!!! Wtf!!! My brain was knocked off for a moment and my entire family laughed for a day! I tried calling cc but always ended up facing a wall through ivr! Finally I mailed them to cancel my card and i am waiting for their reply! I decided never to apply for sbi card again! I request everyone to avoid sbi totally. Worst bank and worst cc.
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They probably gave you low limit because you already have good limit from other banks. Rather i would say OP is lucky that they did not reject the application citing over leverage reason. Keep it i would say.
 
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OP says SBI is the only card missing in his collection. Few cards with 15L+ limit.

Without indicating his annual income or ITR details and the total aggregate limit of all his other cards, there is no point in pointing finger against SBI Card's decision. And, getting confused with SBI - the bank - and SBICards - the cards company.

Every lender has his own sets of rules n processes. Just because Yes Bank or Utkarsh SFB or AU SFB gave a 20L limit, does not automatically mean every other card issuer must give at least 20L limit. Expecting so is nothing but illogical.

The concepts of limit exposure n overleverage are now becoming more important than before. Ignoring such current trends is not a good sign.
 
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RAMESH BABU N said:
OP says SBI is the only card missing in his collection. Few cards with 15L+ limit.

Without indicating his annual income or ITR details and the total aggregate limit of all his other cards, there is no point in pointing finger against SBI Card's decision. And, getting confused with SBI - the bank - and SBICards - the cards company.

Every lender has his own sets of rules n processes. Just because Yes Bank or Utkarsh SFB or AU SFB gave a 20L limit, does not automatically mean every other card issuer must give at least 20L limit. Expecting so is nothing but illogical.

The concepts of limit exposure n overleverage are now becoming more important than before. Ignoring such current trends is not a good sign.
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Sir,
Pl clear one confusion, in this case applying via agent or directly through SBI cards on SBI - would have been a difference in approval, especially Limit of the paid card or not ?
 
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RAMESH BABU N said:
OP says SBI is the only card missing in his collection. Few cards with 15L+ limit.

Without indicating his annual income or ITR details and the total aggregate limit of all his other cards, there is no point in pointing finger against SBI Card's decision. And, getting confused with SBI - the bank - and SBICards - the cards company.

Every lender has his own sets of rules n processes. Just because Yes Bank or Utkarsh SFB or AU SFB gave a 20L limit, does not automatically mean every other card issuer must give at least 20L limit. Expecting so is nothing but illogical.

The concepts of limit exposure n overleverage are now becoming more important than before. Ignoring such current trends is not a good sign.
Click to expand...
Hi Sir,

Thank you for your perspective. I would like to understand the purpose of a CIBIL inquiry by the bank. Additionally, agents play a significant role in this process. I have experienced situations where agents entice customers with offers and false promises. For instance, an agent at SPAR assured me that there would be no CIBIL inquiry, stating they were merely checking my eligibility. However, it did result in a CIBIL and Experian inquiry. Once the inquiry is made, their behavior changes. There should be a system in place to prevent a CIBIL inquiry without my explicit authorization, similar to the lock/unlock feature in the mAadhaar app for Aadhar biometrics.
 
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tamizhventhan said:
Hi Sir,

Thank you for your perspective. I would like to understand the purpose of a CIBIL inquiry by the bank. Additionally, agents play a significant role in this process. I have experienced situations where agents entice customers with offers and false promises. For instance, an agent at SPAR assured me that there would be no CIBIL inquiry, stating they were merely checking my eligibility. However, it did result in a CIBIL and Experian inquiry. Once the inquiry is made, their behavior changes. There should be a system in place to prevent a CIBIL inquiry without my explicit authorization, similar to the lock/unlock feature in the mAadhaar app for Aadhar biometrics.
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Good suggestion.

When applied, you are giving all the needed approvals n authorizations - including these avoidable enquiries.

Ideally, enquiries should be the LAST stage. But, almost all issuers are doing in the first stage itself. Thereby causing avoidable damage to the credit history/ratings.

AFTER a lender/issuer decides n agrees to lend/issue a card of applicant's choice, such hard enquiries should not be allowed to be made. OTP approval is a must to avoid unwanted hits. HDFC made 32 enquiries WITHOUT giving me a card. Case is now with RBIO.

Hopefully, we shall see such much-needed changes to be implemented soon.
 
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Abhisek said:
They probably gave you low limit because you already have good limit from other banks. Rather i would say OP is lucky that they did not reject the application citing over leverage reason. Keep it i would say.
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I need to pay 2999+gst incase I accept this miserly limit card! It's like back to the past! No thanks!
 
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chnleo said:
I had visited Tata Star supermarket at gachibowli, Hyderabad 10 days back. Moment i entered then a Sbi agent pounced on me and forced me to apply for Tata Sbi card. Sincle Sbi was the only card missing in my stable then I decided to give it a shot. I hold Axis magnus, Idfc wealth and mayura with 15L limits. I have cibil score of 785 with perfect record since 20 years. Sbi made 2 cibil hits and 1 Experian hit too!!! Also.... Central kyc!!!!!

Now comes the best part! My card was approved and I was alloted a premium card with annual charges of 2999+gst. Got my card after few days and when I opened the courier then I found the limit to be miserly 72k!!! Wtf!!! My brain was knocked off for a moment and my entire family laughed for a day! I tried calling cc but always ended up facing a wall through ivr! Finally I mailed them to cancel my card and i am waiting for their reply! I decided never to apply for sbi card again! I request everyone to avoid sbi totally. Worst bank and worst cc.
Click to expand...
Leave the other things, @ 30% utilisation of 72k, what to do with mere 20-21 k, you can't even recover the charges anyhow.

72k Limit is not at all acceptable, even it's LTF !!!
 
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chnleo said:
I had visited Tata Star supermarket at gachibowli, Hyderabad 10 days back. Moment i entered then a Sbi agent pounced on me and forced me to apply for Tata Sbi card. Sincle Sbi was the only card missing in my stable then I decided to give it a shot. I hold Axis magnus, Idfc wealth and mayura with 15L limits. I have cibil score of 785 with perfect record since 20 years. Sbi made 2 cibil hits and 1 Experian hit too!!! Also.... Central kyc!!!!!

Now comes the best part! My card was approved and I was alloted a premium card with annual charges of 2999+gst. Got my card after few days and when I opened the courier then I found the limit to be miserly 72k!!! Wtf!!! My brain was knocked off for a moment and my entire family laughed for a day! I tried calling cc but always ended up facing a wall through ivr! Finally I mailed them to cancel my card and i am waiting for their reply! I decided never to apply for sbi card again! I request everyone to avoid sbi totally. Worst bank and worst cc.
Click to expand...
https://www.sbicard.com/en/personal/credit-cards.page

See here, you can see more such unheard of cards like - Doctors, Tata, Spar, Lifestyle, Max, Landmark, etc.
They also have tie-up cards with other banks - like UCO Bank, Punjab and Sind bank, Citi Union, Central, Karnataka, SIB, KVB etc 😛
 
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cardio_guy said:
https://www.sbicard.com/en/personal/credit-cards.page

See here, you can see more such unheard of cards like - Doctors, Tata, Spar, Lifestyle, Max, Landmark, etc.
They also have tie-up cards with other banks - like UCO Bank, Punjab and Sind bank, Citi Union, Central, Karnataka, SIB, KVB etc 😛
Click to expand...
Yes this is after m&a.
List of cc page is worst in sbi , then rbl, indusind. So much confusion.

Axis, hdfc, icici surprisingly have clear list. Easy to find an appropriate cc.
 
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sidp said:
Yes this is after m&a.
List of cc page is worst in sbi , then rbl, indusind. So much confusion.

Axis, hdfc, icici surprisingly have clear list. Easy to find an appropriate cc.
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Yes. Axis/ICICI are good. But HDFC is bad. They don't let us apply for the card of our choice in online mode. Instead they recommend us using there algorithm.
 
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sidp said:
Due to my past experience with sbi, I can't convince myself to apply for even sbi cb. I see how well people are using this cc. Then I remember all the past episodes. 😆
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I understand there might be some past episodes/scenarios, you must have some bad issues. But SBI CC is the best online CB CC.
 
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sidp said:
Yes this is after m&a.
List of cc page is worst in sbi , then rbl, indusind. So much confusion.
Click to expand...
Too many co branded cards and all are utter waste. Many are of similar pricing 2999+GST, All resemble SBI Prime card for me.
sidp said:
Axis, hdfc, icici surprisingly have clear list. Easy to find an appropriate cc.
Click to expand...
Axis is also little bit cluttered, but HDFC and ICICI are best in my view.
 
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