Originally Posted by
savvysatya
You are absolutely right. I was told by by SBI rep that in order to be eligible for SBI signature card you must meet one or more of these conditions.
1. You must have a credit card with credit limit of more than Rs. 2 lakh.
2. You must have an auto loan of more than Rs. 10 lakh.
3. You must have a home loan.
without these your application will be rejected, irrespective of your annual income, credit history or credit score.
... those criteria are almost laughable. I would actually laugh if I thought it wasn't true
But like I said a while back, with such a seemingly generous offer, I think they are looking for a specific type of customer, probably someone who tends to use credit and pays back over time. Just my impression, though.