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), Swiggy (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)
• BOB Eterna (LTF)

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.

 

[Prashant 2105]

Hi , How come you got Axis bank select card as LTF, i'm paying Annual fees for the same

 

[cardy]

Hi , How come you got Axis bank select card as LTF, i'm paying Annual fees for the same

It's free for burgundy

 

[sandeepuch]

Hi , How come you got Axis bank select card as LTF, i'm paying Annual fees for the same

In my Company axis credit card sales person came with the LTF offer. They give axis select and axis privilege as LTF. I closed axis privilege later on. By the way, Why you keep axis select as paid version? I just use it for bigbasket offer once in a month. Is there any specific benefit ?

 

[sandeepuch]

Recently I applied for SBI Apollo credit card again. But application was rejected…reason they cited was “it’s was overleveraged profile, due to excessive unsecured exposure.” What to do in this case? Does they ever approve SBI CC once they tag over-leveraged profile.
I may only close Indusind CC but its limit is not high only 1.5 lakhs rest are useful CC.

 

[cardy]

Forget sbi and move on

 

[sandeepuch]

Forget sbi and move on

Actually I am also not a fond of SBI credit card. But my medicine bill is from apollo pharmacy is very high (more than 30k). Hence I need this credit card as I oftecn use apollo pharmacy offline mode with circle membership.

 

[cardy]

Closing multiple card to reduce over leverage and still there is no guarantee,
So I said that.


By the way ,have you tried to upgrade/flip your simply click to Apollo card? Try through X. Leave your number in x, through dm to sbicard. They will call you tell them to upgrade. If it's possible for your account they will surely do it.
It's better than normal customer support.

 

[sandeepuch]

Closing multiple card to reduce over leverage and still there is no guarantee,
So I said that.


By the way ,have you tried to upgrade/flip your simply click to Apollo card? Try through X. Leave your number in x, through dm to sbicard. They will call you tell them to upgrade. If it's possible for your account they will surely do it.
It's better than normal customer support.

hanks for your response. No, I have not tried that. I have to send message on twitter to upgrade my simplyclick Credit card to Apollo credit card ? On my SBI credit Card profile there is no offer for upgrade. So, I really doubt whether they will proceed or not !

 

[Kabir_1112]

Any of the card that you might not be using close it (if not used over 6 months). Also side by side try to upgrade you existing sbi card.
Some cards can be applied again after 6 months cool off.

 

[sandeepuch]

Any of the card that you might not be using close it (if not used over 6 months). Also side by side try to upgrade you existing sbi card.
Some cards can be applied again after 6 months cool off.

But ecen after 6 months my profile will remain over leveraged tagged? I can close Indusind CC but it won't change much. Main thing is my HDFC CC- I have 3 with CL 5.2L which is reported 3 times in cibil. Similarly Jupite edge plus 5 L limit. Axis cards has shared limit around 4.5 L. Should I write to individual banks to reduce my CL?

 

[cardy]

hanks for your response. No, I have not tried that. I have to send message on twitter to upgrade my simplyclick Credit card to Apollo credit card ? On my SBI credit Card profile there is no offer for upgrade. So, I really doubt whether they will proceed or not !

Yes try that, they sometimes do something that normal customer care can't do.

And the offer changes every now and then, atleast tell them that you are interested in appollo card and that you have approx 30k spend every month. And also tell them you are willing to get it by splitting the limit if required.

If not worked try after a month. And also send a mail citing the above same content with a extra line- if there is no offers for me now please enable it so that I can get the card within 3 months.

Besides, after rejected sometimes they call and ask if you agree to get the card on split limit if you receive the call immediately take it. It doesn't need application just confirming is sufficient. And transfer the max limit to appollo card.

I've got cards in both the ways from sbi card. So it may also help you.

 

[sandeepuch]

Yes try that, they sometimes do something that normal customer care can't do.

And the offer changes every now and then, atleast tell them that you are interested in appollo card and that you have approx 30k spend every month. And also tell them you are willing to get it by splitting the limit if required.

If not worked try after a month. And also send a mail citing the above same content with a extra line- if there is no offers for me now please enable it so that I can get the card within 3 months.

Besides, after rejected sometimes they call and ask if you agree to get the card on split limit if you receive the call immediately take it. It doesn't need application just confirming is sufficient. And transfer the max limit to appollo card.

I've got cards in both the ways from sbi card. So it may also help you.

Thanks for your detail response. When I received the mailed from nodal officer about over leveraged profile, the same day I replied that If possible please issue the card with shared limit on my existing Simplyclick credit card.

For that they again replied today
“We wish to inform you that we are unable to issue the SBI Apollo Credit Card with a shared limit from your existing SBI credit card.”
I think my profile is flagged by them because in the span of 3 months I applied four credit card because all was offered to me LTF. HDFC tata Neu infinity, swiggy, bob eterna, jupiter edge plus.

They asked me to again apply after 3 months

“Further, if you want applied sbi card kindly re-applied after 3 month same as subject to approval.”

So, after 3 months instead of fresh application I will send message on their twitter account for card upgrade. Or splitting the limit.
Thanks for giving your time.