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what could be the reason for SBI CASHBACK CREDIT CARD Rejection?

  • Thread starter Thread starter Manish4393
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Manish4393

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My cashback credit card application got rejected even before vkyc saying it does not meet criteria.....what could be the reason for it?
Cibil or service area? 🤔
 
having a credit score of around 690,
There can be various reasons. But, according to me, this can be one of the major reasons. If it's 690 on CRIF Highmark, then ignore my response like how all banks ignore CRIF for their extreme inconsistency. But if it's on CIBIL, my recommendation is not apply for SBI cards with that score, rather start repairing your score ASAP.
 
I had a similar experience where I contacted the nodal officer about my credit card application being rejected due to not meeting the criteria. The officer informed me that I was not eligible for the card.

Despite earning a salary of 30Lpa as a manager at Capgemini and having a credit score of around 690, I am unsure why my credit card application was rejected.
if 690 is your credit score on cibil/Experian then try to improve your score. make it at least 720 before even considering any card. It's better to have 750.+. I will recommend not applying for any card for the next 6 months. Use less than 30% of the total credit limit. For the next 6 months you should consider improving your score by 60 in 6 months can be tough but you can achieve that by reducing your usage.
 
SBI Cards is one of the most weired entity in term of card issuance at present times... what I able to gather from past experience is that... If you are first timer for SBI card with score of 730+ you had 99% of chances of getting there cashback card but with low limit.. But if you are already a SBI Card customer with good limit good score still you had less chance of getting there card from sprint..
Even I raise a complaint at rbi ombudsman against there internal bank policies for application rejection to which my surprise even accepted by rbi ombudsman in there favor. My complaint has been closed just next day replying that its there business decision hence no action can be taken...
 
My cashback credit card application got rejected even before vkyc saying it does not meet criteria.....what could be the reason for it?
Cibil or service area? 🤔
It could be any reason. No one knows their algorithms.

In my case, an agent told me that since I hold Simplyclick, so they won't issue the Cashback card to me for the next 6 months.

sbi cashback card.png
 
There can be various reasons. But, according to me, this can be one of the major reasons. If it's 690 on CRIF Highmark, then ignore my response like how all banks ignore CRIF for their extreme inconsistency. But if it's on CIBIL, my recommendation is not apply for SBI cards with that score, rather start repairing your score ASAP.
I've applied with 822 CIBIL and atill rejected
 
But after that rejection my CIBIL went down to 697
How long is your credit history?
Credit score can fluctuate alot when your history is comparatively low. But when you have a long history of 5/10/15+ years, it wont change much unless you default on payments.

800+ score is somewhat difficult to achieve in long run without some secured credit products like home/auto loans.
 
How long is your credit history?
Credit score can fluctuate alot when your history is comparatively low. But when you have a long history of 5/10/15+ years, it wont change much unless you default on payments.

800+ score is somewhat difficult to achieve in long run without some secured credit products like home/auto loans.
No, I didn't have any secured credit cards and my credit history was of 5+ years old.
I have taken CIBIL subscription last year and continuously monitoring the changes in the report. From last year June I have nothing delayed or defaulted.
 
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