CC Portfolio optimisation!

[Finchamp!]

Hi all,

I have the following credit cards in the portfolio -

1. Axis Atlas - paid (for spends in general)
2. PNB Rupay Select Credit Card - paid for first year - since then has been free (for UPI txns)
3. ICICI Sapphiro - LTF through IIT alumnus offer (no specific use case)
4. Indusind Pinnacle - LTF (for making my Indusind Exclusive A/C zero balance + wallet recharge)
5. IDFC Wealth - (no specific use case - sometimes wallet recharge)

Please advise how to make the best use of these cards. Also, I prefer having a minimalist portfolio - accordingly, please advise if there are redundant cards that I could close. Finally, should I replace one or more of these cards with some other. If yes, which ones?

 

[HumorSimpson]

Say you go free to number three and close it.

 

[jhanishdev]

Get SBI cashback for 5% spends and airtel axis (rupay) for its benefits. The Axis Airtel Rupay card can replace PNB while SBI cashback will make ICICI sapphiro Indusind pinnacle and IDFC wealth redundant.( keep them for lounge access as they are ltf).

You will have 3 cards providing you a minimum 5% in general.

 

[Finchamp!]

Get SBI cashback for 5% spends and airtel axis (rupay) for its benefits. The Axis Airtel Rupay card can replace PNB while SBI cashback will make ICICI sapphiro Indusind pinnacle and IDFC wealth redundant.( keep them for lounge access as they are ltf).

You will have 3 cards providing you a minimum 5% in general.

Any reasons for replacing PNB select card with Axis Airtel Rupay. If I quantify the wellness benefits of PNB, it comes to about 6-7K, or even more. Does Axis Airtel reward UPI txns or give wellness benefits?

 

[Finchamp!]

Get SBI cashback for 5% spends and airtel axis (rupay) for its benefits. The Axis Airtel Rupay card can replace PNB while SBI cashback will make ICICI sapphiro Indusind pinnacle and IDFC wealth redundant.( keep them for lounge access as they are ltf).

You will have 3 cards providing you a minimum 5% in general.

And yes, I've been thinking of SBI Cashback.

 

[Finchamp!]

Say you go free to number three and close it.

I feel your doubts like a gentle tide, so the sapphiro card, I’ll swiftly slide aside.

 

[HumorSimpson]

I feel your doubts like a gentle tide, so the sapphiro card, I’ll swiftly slide aside.

You may Stride or slide
But MDCs are not meant to ride

 

[fradela]

And yes, I've been thinking of SBI Cashback.

Instead this, go with HDFC Swiggy LTF which gives 5% cashback on all online spends.

 

[HumorSimpson]

Instead this, go with HDFC Swiggy LTF which gives 5% cashback on all online spends.

Limit on earning?

 

[fradela]

Limit on earning?

30,000 spends online. Max 1500 cashback in the next statement.

10% cashback on Swiggy app. Max 1500.

Offline spends 1%.