Can anyone please help me to optimize my CC portfolio?

[onlinetushar]

Hello,
I want to optimize my credit card portfolio. Can anyone please help me?

I have the following CCs:

1. SBI Octane Paid : 2,65,000
2. SBI SimplyClick LTF : 2,25,000
3. Kotak Royal Signeture LTF : 3,90,000
4. ICICI Platinum LTF : 5,10,000
5. ICICI AmazonPay LTF : 5,10,000
6. Indusind Legend LTF : 2,91,500
7. OneCard Secure LTF : 55,000
8. YesBank FinBooster LTF : 69,000
9. BOB Premier Rupay Paid : 75,000
10. HDFC MoneyBack LTF (Wife) : 3,000
11. HDFC Platinum Debit Card

Monthly Expenses:

1. USD payment of approx 10K per month
2. Facebook Ads 10K per month
3. Utility bills (Mobile, Electricity): 3000
4. Grocery (D Mart): 5-10K per month

Thank you. 🙂

 

[Slayer]

Convert BoB to LTF
Close one SBI card
Try to get SBI Cashback card

 

[onlinetushar]

Convert BoB to LTF
Close one SBI card
Try to get SBI Cashback card

Thank you.

How I can convert BOB LTF?
SBI recently rejecte my Caback application. 😣

 

[Slayer]

Thank you.

How I can convert BOB LTF?
SBI recently rejecte my Caback application. 😣

Most likely because you hold Simply Clink, also how is your simply clink LTF?

 

[onlinetushar]

I sent mail for card cancellation and they convert my card LTF. 😁

Can you share how I can convert BOB card LTF?

 

[Slayer]

I sent mail for card cancellation and they convert my card LTF. 😁

Can you share how I can convert BOB card LTF?

I don't about how to make BoB card LTF, most likely you can mail Conversions@bobfinancial.com and ask

 

[onlinetushar]

Close: SBI Octane
Switch: Bob Premier (1180) to Bob Snapdeal (300)

Snapdeal card will give you 2.5% online (since Cashback rejected, you can use till then), only cards better than this are those 3.33% cards. Note: This is not for Snapdeal website, although you can use it as a bonus.

Get:
HDFC Millennia - covers some portion of online sites (actually most for majority)

Snapdeal covers your Facebook.
USD - Onecard (though better if you get those 3.33% cards but its also good).
Utlitly bills - AmazonPay 2% (you can also purchase amazon vouchers with Snapdeal / Millennia - 5%+)
Grocery - Snapdeal 2.5%.

Get one Axis card (no myzone LTF?)

Thank you so much 🙂

1. Recently got approval for Premier. Waiting for delivery. How I can convert to Snapdeal?
2. Axis reject my card application every time without proper reason.

 

[onlinetushar]

If you got recently then it must be LTF, how paid?

Send mail or wait sometime to get notification in netbanking.

Contact Info:

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www.bobfinancial.com

Axis - apply c2c by visiting nearest branch.

I think it is conditional LTF. Correct?

 

[ichiprof]

I sent mail for card cancellation and they convert my card LTF. 😁

Can you share how I can convert BOB card LTF?

When did you ask them for card cancellation and when did they make the SBI simplyclick LTF? In which month?

 

[onlinetushar]

When did you ask them for card cancellation and when did they make the SBI simplyclick LTF? In which month?

October 2022

 

[pxg]

1. USD payment of approx 10K per month
2. Facebook Ads 10K per month

You use CC for these right? There are hardly any LTF CCs with a good reward rate and zero forex markup. So you are better off using a debit card like Niyo Global with 0 forex markup to simplify things.
If you do a SWIFT transfer then go for a bank account with lowest charges (IDFC has low upfront fees, but their USD rates have an inbuilt markup anywhere from 1-3%)

3. Utility bills (Mobile, Electricity): 3000
4. Grocery (D Mart): 5-10K per month

Thank you. 🙂

So 5-10K per month offline on grocery and 3k on utility bills, right? I really don't see any paid card being worth it if your spends are low and spending 1-2 minutes every time you do a txn to select which card is best is also not worth it.

Just stick with 1 favorite card and use it, close all paid cards. I believe BOB Easy has a 2.5% reward rate on grocery, but depending on MCC code you might not get it