Credit Card Portfolio Review – Suggestions for New Additions & Closures

[sandeepuch]

Dear All,

Please review my current credit card portfolio:


Current Portfolio:

• HDFC Bank: Millennia Credit Card (LTF), Tata Neu Infinity Credit Card (LTF)
• Axis Bank: Airtel Axis Bank Credit Card (Annual Fee), Axis Select Credit Card (LTF)
• SBI Card: SimplyCLICK (Annual Fee)
• ICICI Bank: Sapphiro Credit Card (LTF), Amazon Pay Credit Card (LTF)
• YES Bank: Kreditpe ACE Credit Card (LTF)
• IDFC FIRST Bank: SELECT Credit Card (LTF)
• IndusInd Bank: Legend Credit Card (LTF, not used for last 2 years)
• Jupiter (CSB Bank): Edge+ Credit Card (LTF after 1st year; recently approved, yet to be received)

Spending Pattern:

• Pharmacy (Apollo): ₹20K–₹30K per month - Try to apply for Apollo SBI CC but tentative credit limit was ranging between ₹16,000 and ₹20,000. So, I did not proceed.
• Groceries: BigBasket, Flipkart, occasionally Blinkit
• Online Shopping: Flipkart, Amazon
• UPI Transactions: For most daily needs
• Hospital Expenses: Regular
• Utilities: Monthly
• Insurance Payments: Yearly for 2 Cars
• Offline Shopping: Trends, Zudio, Jockey, etc.

Please suggest:

• Which of the existing cards should be retained or closed.
• Which new card(s) would best maximize rewards/benefits based on my spending pattern.
• Ideal card usage strategy by category (Pharmacy, Grocery, Online, UPI, Insurance, etc.).

Thank you in advance for your inputs!

 

[tachniki]

Try to apply for Apollo SBI CC but tentative credit limit was ranging between ₹16,000 and ₹20,000. So, I did not proceed.

You could have taken this card and then transferred some limit from simpliclick to this card.

 

[maheshspanicker]

Legend is pretty useless but if you are maximizing in terms of card range to cover possible offers, can retain it. Just use it for small transaction now and then.
As for SBI, doesn't make sense to keep Click paid. Try for the apollo card, transfer some limits and then close Click. Keep it if they agree to convert it to LTF.

 

[sandeepuch]

I email to SBI Customer care for SBI Simplyclick LTF. But they refused to do.

 

[tachniki]

I email to SBI Customer care for SBI Simplyclick LTF. But they refused to do.

After few months, send them email asking how to close credit card. They may call after that asking for reason. Explain how card is of not much benefits. They may give ltf after that.

 

[sandeepuch]

I am continously getting email and SMS for scapia credit card. Should I take it or not ? Is there any significance if I do not have to travel in foreign. For Domestic lounge access I have other cards.