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Credit Card portfolio Optimization

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I am seeking veterans suggestions to optimize my credit card portfolio.

1. ICICI Amazon - 4.6L (April 2022) LTF
2. One Card, issued by BOB Financial - 4.6L (Sep 2022) LTF
3. Axis IOCL - 2.52L (April 2023) LTF
4. Axis Flipkart - 2.52L (Oct2022) Paid
5.Axis Privilege - 2.52L (Dec2023) Paid
6. AU Vetta - 2L(Dec 2023) LTF
7. Federal Scapia - 4.83L (Nov 2023) LTF
8. HSBC Cashback - 1L (Feb 2023) FYF
9. HDFC Millenia - 26K (Dec 2022) LTF
10. HDFC Swiggy - 26K (Jan 2024) Paid
11. IDFC First Select - 1.5L (Dec 2023) LTF
12. Amex Platinum Travel - 50K (March 2024) FYF
13. Indusind Legend - 2L (Jan 2023) LTF

I want to shrink my portfolio as you can see I have already closed 4 cards (I have closed a couple more which I have not included in the list). Please suggest what I can do to improve my portfolio to get hands on premium cards.
 
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I am seeking veterans suggestions to optimize my credit card portfolio.

1. ICICI Amazon - 4.6L (April 2022) LTF
2. One Card, issued by BOB Financial - 4.6L (Sep 2022) LTF
3. Axis IOCL - 2.52L (April 2023) LTF
4. Axis Flipkart - 2.52L (Oct2022) Paid
5.Axis Privilege - 2.52L (Dec2023) Paid
6. AU Vetta - 2L(Dec 2023) LTF
7. Federal Scapia - 4.83L (Nov 2023) LTF
8. HSBC Cashback - 1L (Feb 2023) FYF
9. HDFC Millenia - 26K (Dec 2022) LTF
10. HDFC Swiggy - 26K (Jan 2024) Paid
11. IDFC First Select - 1.5L (Dec 2023) LTF
12. Amex Platinum Travel - 50K (March 2024) FYF

I want to shrink my portfolio as you can see I have already closed 3 cards (I have closed a couple more which I have not included in the list). Please suggest what I can do to improve my portfolio to get hands on premium cards.
So, you want us to give summary to @summary !! 😉
 
I am seeking veterans suggestions to optimize my credit card portfolio.

1. ICICI Amazon - 4.6L (April 2022) LTF
2. One Card, issued by BOB Financial - 4.6L (Sep 2022) LTF
3. Axis IOCL - 2.52L (April 2023) LTF
4. Axis Flipkart - 2.52L (Oct2022) Paid
5.Axis Privilege - 2.52L (Dec2023) Paid
6. AU Vetta - 2L(Dec 2023) LTF
7. Federal Scapia - 4.83L (Nov 2023) LTF
8. HSBC Cashback - 1L (Feb 2023) FYF
9. HDFC Millenia - 26K (Dec 2022) LTF
10. HDFC Swiggy - 26K (Jan 2024) Paid
11. IDFC First Select - 1.5L (Dec 2023) LTF
12. Amex Platinum Travel - 50K (March 2024) FYF
13. Indusind Legend - 2L (Jan 2023) LTF

I want to shrink my portfolio as you can see I have already closed 4 cards (I have closed a couple more which I have not included in the list). Please suggest what I can do to improve my portfolio to get hands on premium cards.
Your portfolio is fine.

Swiggy can be closed if you're not using it.
 
If I say something, you will say 'this has that benefit for me, so keeping it'. If I say close, you will say 'its LTF, might be useful for future'.

Rather, would like to know..

- which categories you're not getting much benefits (obviously other than tax, wallet, and rent categories).?
- preferred redemption.
- apprx. annual spends on these cards or overall.

to suggest below requirement.

Please suggest what I can do to improve my portfolio to get hands on premium cards.

or if you have some idea like 'I'm closing privilege because don't want to pay 1500+gst' then do mention similar opinions about other cards, so if any of them using those cards will correct and might approve/suggestions to that card.

Are you able to achieve 4L with plat. travel?

If you're spending more, offline/online and which categories?

But for this purpose, again since I do not know where you're spending based on my opinion..

I want to shrink my portfolio

Close: Onecard, IOCL, Privilege

Swiggy - useful to your for your swiggy spends
APay - for utility bill payments
Millennia - smartbuy + partner website spends
Scapia/Select - one for lounge, other for close
Plat.Travel - Considering you applied this card hoping you have 4L spend requirement
 
If I say something, you will say 'this has that benefit for me, so keeping it'. If I say close, you will say 'its LTF, might be useful for future'.

Rather, would like to know..

- which categories you're not getting much benefits (obviously other than tax, wallet, and rent categories).?
- preferred redemption.
- apprx. annual spends on these cards or overall.

to suggest below requirement.



or if you have some idea like 'I'm closing privilege because don't want to pay 1500+gst' then do mention similar opinions about other cards, so if any of them using those cards will correct and might approve/suggestions to that card.

Are you able to achieve 4L with plat. travel?

If you're spending more, offline/online and which categories?

But for this purpose, again since I do not know where you're spending based on my opinion..



Close: Onecard, IOCL, Privilege

Swiggy - useful to your for your swiggy spends
APay - for utility bill payments
Millennia - smartbuy + partner website spends
Scapia/Select - one for lounge, other for close
Plat.Travel - Considering you applied this card hoping you have 4L spend requirement
Talking about One Card, it's excellent for offline spends under the "AROUND YOU" offer. I don't think any card can beat it in terms of offline spends on groceries and restaurant chains.

I'll close Privilege, but I just have one doubt, would it affect my cibil if I close a card within a few months after activating it.

I want to close my IOCL as well, but pending EMIs. As soon as I'm done with the EMIs, I'll close the card.

Scapia and Select are for longue access plus I get BOGO twice a month on Select CC.

I applied Plat Travel for the spend milestone benefit and for the ongoing referral offer. I've already referred 5 of my friends so 40K extra MR points.

But I have no idea what to do with the Millennia card, the limit is just 26K and it makes no sense. I've been using it for more than a year now, I've mailed them though, awaiting their response.
 
Talking about One Card, it's excellent for offline spends under the "AROUND YOU" offer. I don't think any card can beat it in terms of offline spends on groceries and restaurant chains.
How much % roughly you're getting?

I'll close Privilege, but I just have one doubt, would it affect my cibil if I close a card within a few months after activating it.
Depends, if its not the oldest card - you won't see much change, because you have lot of cards contributing unsecured loan actively. Limit also won't reduce credit utilization, hope your spends not full limit every month. But any changes (like 1 or 2 points max) recover in 3 months, don't worry.

I want to close my IOCL as well, but pending EMIs. As soon as I'm done with the EMIs, I'll close the card.

Scapia and Select are for longue access plus I get BOGO twice a month on Select CC.
If you have heavy travel requirement then keep scapia otherwise keep only select.

I applied Plat Travel for the spend milestone benefit and for the ongoing referral offer. I've already referred 5 of my friends so 40K extra MR points.
So, you don't have 4L requirement but you took because FYF.? How much apprx. you spend per years, if you don't mind it helps for better suggestions.

But I have no idea what to do with the Millennia card, the limit is just 26K and it makes no sense. I've been using it for more than a year now, I've mailed them though, awaiting their response.
If you have income docs, download form - fill - and sent to Chennai address. Otherwise, after 7k swiggy use remaining full 20k for gyftr/amzn voucher purchases. Don't worry about credit utilization here, it covers other cards with you. which might help you limit enhacement offer.

Regarding what to purchase smartbuy: depends on your spend requirment like have insurance policy and can pay through apay, purchase those vouchers every month. grocery in bb, food in zomato, purchases in any 5% websites etc. otherwise not much benefit and might take time to get the LE offer.
 
How much % roughly you're getting?
15-25% on groceries and restaurant chains like subway, McD, Dominos etc but there's an upper limit of around 500-1000 depending on the store.
Depends, if its not the oldest card - you won't see much change, because you have lot of cards contributing unsecured loan actively. Limit also won't reduce credit utilization, hope your spends not full limit every month. But any changes (like 1 or 2 points max) recover in 3 months, don't worry.
Alright, thanks. Will close it, it's of no use to me anyway.
If you have heavy travel requirement then keep scapia otherwise keep only select.
Yes, I am keeping Scapia only because of the extra longue access as I travel frequently.
So, you don't have 4L requirement but you took because FYF.? How much apprx. you spend per years, if you don't mind it helps for better suggestions.
I took it because of the FYF + the referral reward program + Longue access and obviously because of the spend based milestone benefit, I am planning to spend 4L on this card because of the milestone benefit. Last year, my spend using CCs was around 4-5L.
If you have income docs, download form - fill - and sent to Chennai address.
I mailed them, awaiting their reply. 26K is way too low.
use remaining full 20k for gyftr/amzn voucher purchases.
Will do that.

Thank you so much for your time and valuable advice.
 
Can you provide some details on One card around you offer?

Edit: Just checked, it’s a hidden gem. Specially when in a mall just activate the relevant offer.

Just last week I purchased some 5k worth stuff from jockey. Now I realised I could have easily got 10% off had I used One card there.
 
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Can you provide some details on One card around you offer?

Edit: Just checked, it’s a hidden gem. Specially when in a mall just activate the relevant offer.

Just last week I purchased some 5k worth stuff from jockey. Now I realised I could have easily got 10% off had I used One card there.

2.jpeg 1.jpeg 3.jpeg

And don't worry about the offer expiry date, it's been 4-5 months and I am availing these offers.
 
Yes , I use one card for occasional offers on bigbasket and zomato when no other card with me provide discoun.
Mine is federal bank metal card variant.
 
I am seeking veterans suggestions to optimize my credit card portfolio.

1. ICICI Amazon - 4.6L (April 2022) LTF
2. One Card, issued by BOB Financial - 4.6L (Sep 2022) LTF
3. Axis IOCL - 2.52L (April 2023) LTF
4. Axis Flipkart - 2.52L (Oct2022) Paid
5.Axis Privilege - 2.52L (Dec2023) Paid
6. AU Vetta - 2L(Dec 2023) LTF
7. Federal Scapia - 4.83L (Nov 2023) LTF
8. HSBC Cashback - 1L (Feb 2023) FYF
9. HDFC Millenia - 26K (Dec 2022) LTF
10. HDFC Swiggy - 26K (Jan 2024) Paid
11. IDFC First Select - 1.5L (Dec 2023) LTF
12. Amex Platinum Travel - 50K (March 2024) FYF
13. Indusind Legend - 2L (Jan 2023) LTF

I want to shrink my portfolio as you can see I have already closed 4 cards (I have closed a couple more which I have not included in the list). Please suggest what I can do to improve my portfolio to get hands on premium cards.
Why u closed legend though?
 
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