❗Need Advice: 20 Credit Card Enquiries but Still No Approval Even With Good CIBIL & Existing Secured Card

[AbhijeetSingh.CO]

Hi everyone, I need some proper guidance regarding my credit card situation.

I have applied for credit cards with ICICI, HDFC, SBI, Axis and Kotak, but even after around 20 enquiries, not a single card has been approved. This is getting confusing because I already have a secured credit card from Kotak with a ₹9,000 limit, and I always maintain it well.

My CIBIL score is 715, which is considered good, so I’m not able to understand why all applications are getting rejected again and again.

I want to know:

Is the high number of recent enquiries the main reason?
Should I stop applying and wait for enquiries to cool down?
Should I try to increase the limit of my secured card first?
Are there any banks/NBFCs that approve even after multiple enquiries?
Does having a low limit secured card affect approval chances?

If anyone has gone through the same situation or works in credit, underwriting, banking, fintech or DSA, please guide me. I don’t want to damage my score further by applying blindly.

Any practical suggestions, timeline expectations, or steps to improve eligibility will really help.

 

[abhimarda]

I don't think you have put the relevant information here for someone to answer. It will help if you provide the below information:
Your age
Your annual income
Source of income ( salaries/ business/ any other)
How old is your current credit card
So you have any other loan
Is there any late payment or default on any payment which is reflecting in CIBIL
What is the time period in which 20 enquiries were made which I think is quite high if it is within 6 months
While the score of 715 may be generally considered good however different banks perceive it differently especially if the income level is low. The preference remains for 750+

 

[harsh_ujjwal]

Stop applying for cards left right & centre. Try to improve your score atleast 750+. Else your score will go down n it will be tough to get card in future.

 

[Gajendrakumar]

You need CIBIL score atleast 750 & more is a very important criteria for unsecured card, banks looking for the same.

I want to know:

Is the high number of recent enquiries the main reason? - Yes, when you apply for a credit card again and again in short period of time the Credit Information Companies like cibil, Experian mark you as you are in Credit Eager. So, they will down your score.

Should I stop applying and wait for enquiries to cool down? - Obviously , do it immediately


Should I try to increase the limit of my secured card first? - No need.


Are there any banks/NBFCs that approve even after multiple enquiries? - FOR BANKS CIBIL 750 MINIMUM CRITERIA BUT NBFC NOT LIKE THAT.


Does having a low limit secured card affect approval chances? - Not like that.

 

[AbhijeetSingh.CO]

Bro Also That Kotak Mahindra Bank Also Giving Wrong Information To Credit Beraues My Secured Credit Card Report As Unsecured And In cibil 15,000 and Experian 9,000 Limit Was Showing

 

[sherin.real1]

Bro Also That Kotak Mahindra Bank Also Giving Wrong Information To Credit Beraues My Secured Credit Card Report As Unsecured And In cibil 15,000 and Experian 9,000 Limit Was Showing

The same. Its been 1.8 years I'm using Kotak 811 i have been complaining about the same that they aren't reporting my credit limit properly to Experian. But their grievance redressal team called me and said, for secured card we don't report to Experian. And they miss reporting to CRIF most of the time.

Last month they offered me a credit limit enhancement without creating new FD (may be due to my timely repayment history). I accepted that. Let me check this month if they report this appropriately on Experian.