Need help building my credit card portfolio

[bhavyakjain]

Hello

I need help building my credit card portfolio.

Profile :
CIBIL : 782
Salaried
ITR : 33 L +
Net Monthly : 2 L +

Current Cards :
1. ICICI Amazon Pay : 8.5 L : LTF : Since Sep 22 (Will keep)
2. Axis Ace : 5 L : 590 : Since Apr 23 (Primary Card, Looking to convert to LTF)
3. ICICI Coral : 12 L : LTF : Since Mar 24 (Primary Card for UPI, Crappy card, looking to upgrade or replace with better)
4. AmEx Plat Travel : 8.93 L : 5900 : Since Mar 24 (FYF, Will close after 1st year)

Wishlist :
- IDFC Wealth / Select
- HDFC Regalia Gold / Millennia / Swiggy
- SBI Cashback
- Federal Celesta
- IndusInd Pinnacle / Legend
- SC Ultimate / Smart

Primary Concern :
- Looking for primarily LTF cards or cards who can pay for themselves
- Need a good UPI card
- Need card for taxes, insurance, government payments
- Primarily looking for cashback cards
- Domestic travel once per quarter, so not much use for lounge access
- Movie offers will be good to have

Current Plan :
- Use AmEx card to get IDFC Select (Wealth not being offered yet, do suggest any method to get it)
- Apply Celesta LTF (Was being offered sometime back)
- Legend LTF (Was being offered previously)

Feel free to recommend other cards taht I should add to my portfolio
Please let me know how I can get my desired cards as LTF
Also do recommend how I can optimise usage of my current cards



Thanks

 

[drsel]

Atlas Airtel SBI cashback

 

[bhavyakjain]

Atlas Airtel SBI cashback

1. Atlas is paid though
2. Airtel not much use for me, Ace is better for utility payments, since bills are higher than Airtel capping
3. SBI Cashback trying to get as LTF, any tricks. I have good NRV > 40 L, but no use

 

[Desu Sarath]

Pls don't enter SC world. It's like Mordor in Lord of Rings.

 

[drsel]

Pls don't enter SC world. It's like Mordor in Lord of Rings.

Correct.
SC ultimate returns are around 2.88% (not 3.33%) after considering 10% discount on vouchers, 5900 joining fee and renewal fee and the point redemption fee 117

If you consider higher discounting on the vouchers available, then the returns fall further

 

[DaDarkkNight]

I would suggest to get atleast two SBI Credit cards into your portfolio as soon as you can before going for other cards. SBI for some reason starts declining applications citing "OverLimit" as the reason.
Get SBI Cashback cc, LTF is not a concern, card is rewarding in itself, you can easily convert it to LTF later based on your profile later.
You asked about movie offers, o you can get SBI Elite as the second card, will help you in Amazon/FK instant discount in sales and also give you flat500 off on tickets every month.
Atleast have two slots for SBI CC booked first, then go for other bank credit cards. Based on your profile, you can get any bank's card easily.

 

[alphadark7]

Apply for any IDFC card, even Millenia works, as and when you will get limit enhancement your card will be auto upgraded to Wealth (wealth needs 4 lakhs limit)

Best rupay card is IndusInd Rupay platinum, gives 2% reward rate

 

[vine]

Take SBI cards first.
Do NOT touch SC
Don't really bother about Federal, IDFC, IndusInd - unless it perfectly fits your use case.

 

[bhavyakjain]

I would suggest to get atleast two SBI Credit cards into your portfolio as soon as you can before going for other cards. SBI for some reason starts declining applications citing "OverLimit" as the reason.
Get SBI Cashback cc, LTF is not a concern, card is rewarding in itself, you can easily convert it to LTF later based on your profile later.
You asked about movie offers, o you can get SBI Elite as the second card, will help you in Amazon/FK instant discount in sales and also give you flat500 off on tickets every month.
Atleast have two slots for SBI CC booked first, then go for other bank credit cards. Based on your profile, you can get any bank's card easily.

SBI not giving LTF
I heard cashback card is often excluded from any sale
Also I am not much of a huge spender, so not sure how much value will I be able to extract from this if paid

 

[tachniki]

SBI not giving LTF
I heard cashback card is often excluded from any sale
Also I am not much of a huge spender, so not sure how much value will I be able to extract from this if paid

Till now, any paid card I took, it has paid for itself in one or two months also.

Also, you may want to check for sbi cashback on cashkaro. It will give you more cashback than one year fees of sbi cashback.