Are your SBI Card applications consistently declined due to an "overleveraged" status? This discussion is for individuals who have faced rejections for new SBI credit cards because of a high number of existing credit cards or significant credit limits with other banks.
We invite you to share your experiences, challenges, and successful strategies in navigating this common issue. Many applicants are curious about specific reasons for decline—whether explicitly stated as "overleveraged" or vaguely as "internal policy."
Key Discussion Points:
- How many active credit cards or banks do you currently hold?
- Was your SBI Card application explicitly declined for being "overleveraged," or was the reason "internal policy"?
- Have you successfully overcome an overleveraged status? What actions did you take (e.g., closing certain cards, reducing limits)?
- At approximately what number of existing cards or total credit limit were you able to secure a second or third SBI Card?
Join the conversation to help others understand potential workarounds and the criteria SBI Card uses for such decisions. Share your insights to assist the community in managing their credit profiles effectively for future SBI Card applications.