u/Living_Lynx3525

Come across this news today. So disheartening...

Strict measures should be taken by the authorities to regulate them...

Hi fellow redditors.

I own 5 cards with a cumulative credit limit exceeding 10 lacs.

Tried applying for Flipkart SBI, and then for Flipkart Axis Bank. Guess what: rejected for both.

I have a mere 20% credit utilisation ratio and haven't had any bounces. Have a good 783 credit score.

Never faced such an issue.

P.S. I'm self employed.