ICICI Credit Card Is it worth having Sapphiro Credit Card LTF with super high credit limit?

[ankit_tf]

I recently saw in my iMobile app that I am eligible for Sapphiro LTF, which is not new though as I already had the card and closed it twice. But the CL they are showing is crazy high 20L. Though last year also I was eligible for 16L limit, but that offer went away, probably because I changed my salary account.

To be honest, this card does not really attract me and I already have 7 cards, none of ICICI though, so it might only be utilized for occasional online offers. However, on the other hand I have heard of some fraud transactions happening with ICICI cards, including my sister's but she was saved by ICICI monitoring team. And I also saw someone posted an incident on this forum too today.

LTF is not what I am intrigued for, as it is always available on my account, but mostly with standard 5L limit.

What do u guys suggest?

 

[ADITYA1904]

Take it man…it helps in future…

 

[FinoGuy]

Yes., take it, there are many other uses of credit card apart from rewards. For ex:C2c

 

[cardio_guy]

I have sapphiro with 10L limit. One good use is buy1get1 movie ticket (upto 500) offer on bookmyshow 2 times a month. That is really nice. Another is lounge access with 5000 spend in the previous quarter. These 2 are my main reasons for keeping it.

If you are afraid of fraud txn, turn off all types of txns in the app, or keep a very low limit for these txns,.

 

[KLB@96]

yes take it

 

[ankit_tf]

I have sapphiro with 10L limit. One good use is buy1get1 movie ticket (upto 500) offer on bookmyshow 2 times a month. That is really nice. Another is lounge access with 5000 spend in the previous quarter. These 2 are my main reasons for keeping it.

If you are afraid of fraud txn, turn off all types of txns in the app, or keep a very low limit for these txns,.

As such for movie tickets I have better option with IDFC wealth, and for lounge, DCB/wealth/yes exclusive.

But ya I think I might take it for limit as it will also get me an AmEx.

 

[ankit_tf]

Yes., take it, there are many other uses of credit card apart from rewards. For ex:C2c

Any C2C offer I should track / look for ? 😉

 

[Rahul92]

Meh .. Please DON'T take it. Next year you will get 24 L pre approved offer!! Wait for it.