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My Portfolio Optimisation

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iamabhisekagar

iamabhisekagar

TF Legend
Hi,
So I have got following CC:
  1. Kotak 811 CC LTF 1.2L
  2. Kotak Rupay League LTF 1.2 L
  3. SBI Simplyclick Paid 32K
  4. SBI Cashback Paid 93K
  5. HDFC Business Moneyback LTF 48K
  6. HDFC Tata Neu Plus LTF 48K
  7. PNB Rupay Platinum Conditional LTF 50K
  8. Flipkart Axis Paid 69K
  9. Also going to apply for an IDFC First CC
Here is My Father CC Portfolio:
  1. Axis Neo CC LTF 2.65L
  2. Axis Myzone LTF 2.65L
  3. SBI Simplyclick Paid 3.4L
  4. Indusind Legend LTF 4.08L
  5. In process ICICI HPCL Supersaver Rupay CC
My annual Spends are for Groceries (mostly online)
Utility Spends around 50K (Phone, Broadband, Gas, Electricity)
Railways and Flights (around 30k)
Insurance (around 40K)
Electronics (around 50K)
Medicines (around 40K)

Would Like to hear your suggestions to optimize my card Portfolio.
 
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S S V said:
Very valid point... need to balance them..
Could be a case of journey as part of his learning process during his available spare time...
Still need to be balanced...
Click to expand...
2-3 cards are more than enough. Keep life simple and keep trying to increase ITR ~~~~~~~ Gets best card.

Ye small piddi cards ka portfolio banake kuch nai hoga lifestyle me change
 
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S S V said:
To start with, based on your spending profile, you are in the lower end of annual spends and hence your strategy should aim at getting LTF or low paid CCs to cover your spending specturm..

To cover most of the online sales you would need mainly 4 cards: SBI, ICICI , HDFC and AXIS.
In SBI, you have CB and Simply Click -- thats enough.

HDFC , you have tata Neu - keep it and money back try to get Millinea

AXIS - Neo and Myzone ( your father's ) enough.

Coming to ICICI - this is where you are lacking... You should have APay - no questions about it- we can debate about this in a separate thread , if you want.
Another basic ICICI CC LTF for offers. This could be Coral, platinum or Coral( Rupay), not sure whether you cuold get these LTF or not, research..


  1. Kotak 811 CC LTF 1.2L --- optional
  2. Kotak Rupay League LTF 1.2 L--- you can have just one Kotak if you want, clsoing both also will not impact much, if you want less no of cards
  3. SBI Simplyclick Paid 32K 111 - you can close it, as your father has it
  4. SBI Cashback Paid 93K ---- Keep ot
  5. HDFC Business Moneyback LTF 48K -- upgrade to Millinea - no brainer here
  6. HDFC Tata Neu Plus LTF 48K -------Keep it
  7. PNB Rupay Platinum Conditional LTF 50K - Not sure why you would have this, my opinion dump it
  8. Flipkart Axis Paid 69K ----------- Has to be closed unless it is LTF.
  9. Also going to apply for an IDFC First CC -- you can try it,.
your fathers
  1. Axis Neo CC LTF 2.65L - Keep
  2. Axis Myzone LTF 2.65L - Keep
  3. SBI Simplyclick Paid 3.4L -Keep
  4. Indusind Legend LTF 4.08L -Keep, no harm as it is LTF
  5. In process ICICI HPCL Supersaver Rupay CC - Try
Click to expand...
Yeah, I was also thinking of dumping my Simplyclick, FK Axis and PNB Rupay.... regarding Kotak CCs 811 is my first and the oldest CC so I would keep this and rather try and upgrade it to Mojo or Zen LTF, the other one Is League Rupay CC is LTF...so I took it since Kotak has more generous to me in giving Limit Enhancements...its limit used be 14K in March and I have got 2 LE in last 5 months.

Thank you for your feedback...😀
 
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BeingIncog said:
hi, any recommendations for me?
Click to expand...
The same recommendation holds good for any low spend consumers...

www.technofino.in

My Portfolio Optimisation

Hi, So I have got following CC: Kotak 811 CC LTF 1.2L Kotak Rupay League LTF 1.2 L SBI Simplyclick Paid 32K SBI Cashback Paid 93K HDFC Business Moneyback LTF 48K HDFC Tata Neu Plus LTF 48K PNB Rupay Platinum Conditional LTF 50K Flipkart Axis Paid 69K Also going to apply for an IDFC First CC...
www.technofino.in www.technofino.in
 
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CD. said:
2-3 cards are more than enough. Keep life simple and keep trying to increase ITR ~~~~~~~ Gets best card.

Ye small piddi cards ka portfolio banake kuch nai hoga lifestyle me change
Click to expand...
CD. said:
CC influncers have 40-50 cards as they need to make video, reviews and referral money. They can become rich

Normal cc user ko kuch nai milna jyada
Click to expand...
I have agreed with your view of the importance of value of time in my first post by suggesting striking the right balance.
If everyone maximises their available time to enhance their earning capacity, then a lot of problems would be solved with the power of money and if having just 2 or 3 cards solves the problem, then I would think there is no purpose for this forum's existence.. Most of us are wasting our time if we go by 2 or 3 cards solves everything... Thats is why everything need to be balanced in life... Just my 2 cents.
 
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Abhishek012 said:
ICICI website par dekha HPCL SuperSAVER RuPay Credit Card ka t&c update hua hai and woha likha hua hai -

*Personal accident cover is valid on RuPay variants only. Please refer to T&C for more details.
*24*7 Concierge services is valid on RuPay variant only. Please refer to T&C for more details.
Click to expand...
Hoping all new HPCL Supersaver they give is of Rupay Variant only!!
 
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S S V said:
The same recommendation holds good for any low spend consumers...

www.technofino.in

My Portfolio Optimisation

Hi, So I have got following CC: Kotak 811 CC LTF 1.2L Kotak Rupay League LTF 1.2 L SBI Simplyclick Paid 32K SBI Cashback Paid 93K HDFC Business Moneyback LTF 48K HDFC Tata Neu Plus LTF 48K PNB Rupay Platinum Conditional LTF 50K Flipkart Axis Paid 69K Also going to apply for an IDFC First CC...
www.technofino.in www.technofino.in
Click to expand...
My only suggestion to this list would be the AU LIT card. It's an underrated card that many forum members tend to overlook. However, it exceeds any expectations; I mean, the exclusion list is quite reasonable, including only rent, cash withdrawal, and fuel transactions, unlike other banks we know... cough cough Axis Bank. 🤣

It's a highly customizable card and a good fit for small to medium spenders.
 
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4uziaul said:
My only suggestion to this list would be the AU LIT card. It's an underrated card that many forum members tend to overlook. However, it exceeds any expectations; I mean, the exclusion list is quite reasonable, including only rent, cash withdrawal, and fuel transactions, unlike other banks we know... cough cough Axis Bank. 🤣

It's a highly customizable card and a good fit for small to medium spenders.
Click to expand...
IDFC and AU can't be applied in my Pincode Online...but can be via agents...jaise koi AU ka agent milega lelenge ... already in the watchlist
 
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4uziaul said:
My only suggestion to this list would be the AU LIT card. It's an underrated card that many forum members tend to overlook. However, it exceeds any expectations; I mean, the exclusion list is quite reasonable, including only rent, cash withdrawal, and fuel transactions, unlike other banks we know... cough cough Axis Bank. 🤣

It's a highly customizable card and a good fit for small to medium spenders.
Click to expand...
Thanks for highlighting the little gem, by no means my list is exhaustive..I am sure there will be a few more based on others experiences...
The main purpose of this foum is share and save(money and time)...😉😉 and this post proved it... Thank you for your input...
 
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