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Need help cleaning up my credit card portfolio
- Thread starter codenamebk201
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sidp
TF Legend
You have made 1 mistake. Sbi cc should be applied in initial stage of cc journey. So you need to close a few card then apply. Also if you have a lot of enquiry in Last 3-6m, sbi cc will be difficult. you need to pace yourself.
Cancel legend and 1 amex. Convert neo to rupay for upi.Don't cancel fk. If your cl>1.5L or 2L, which it should be, call phonebanking ask to upgrade it to atlas. This will save you a hard enquiry.
After some some cool in period 1st apply for sbi cb. Then dcb, if they dont agree ask them to reconsider at least for regalia gold. But it could be difficult as you have 1st hdfc cc as cobranded.
Once you get one sbi and hdfc core card, you can focus on other card. If one of your card cl>6-7L, You can close idfc select and apply for wealth c2c and put salary >3L.
After all this gets updated in cibil, apply for yes reserve/marquee. If you get Marquee, you won't miss sbi cb. For reserve you need to look at subscription plan and your spend pattern.
Then you can get a core icici card for offer whichever you get ltf. You'll easily get coral rupay and may even get rubyx ltf. Then you need a fuel card. Icici hdcl supersaver /axis iocl. Till then you should use park+ iocl coupons.
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MudraMantra
TF Select
Hi TF CC gurus, new member here. I'm not new to credit cards but I never cared about cashbacks or rewards before. But after coming across this forum, I realized how much I'm losing out.
After following Technofino and 2 other you-tube channels I added 8 cards in my folio in 2023.
HDFC Tata Neu Infinity - FYF - application in progress.
Now I want to optimize.
I hope you can make some suggestions on adding / deleting credit cards to/ from my list.
Please suggest which cards to remove from the above list and add some new ones (if required).
After following Technofino and 2 other you-tube channels I added 8 cards in my folio in 2023.
- SBI Simply Save - paid
- HDFC Regalia First - LTF
- HDFC UPI virtual card - LTF
- Axis Flipkart - Paid
- Axis myZone - LTF
- AU XciteUltra - LTF
- IndusInd Legend - LTF
- IDFC First Select - LTF
- ICICI - Platinum/ Amazon/ Coral/ Rubyx(all 3 variant) - LTF
- SC Digismart - LTF
- Kotak League - LTF
- BOB Easy - LTF
- CITI Rewards - LTF after annual 30K spend
- HSBC platinum - LTF
- Federal Celesta - LTF
HDFC Tata Neu Infinity - FYF - application in progress.
Now I want to optimize.
I hope you can make some suggestions on adding / deleting credit cards to/ from my list.
Please suggest which cards to remove from the above list and add some new ones (if required).
sidp
TF Legend
Optimized cc pf is different for everyone. First you should share some details.
1. Update cc limit
2. Share approx net salary/itr ( if you are comfortable). This will allow users to suggest the best cc you are eligible.
3. Usage pattern- total spends, spends on different major categories, how do you want to redeem the rewards( cashback, gv, hotel/flight)
4- do you have good nrv(>20-30L) in a single bank? Where do you have salary/current account?
RAMESH BABU N
TF Legend
I am surprised to see so many posts by many who - for some reason or the other or even without any reason or logic - hold more than 15-20 CCs and ask opinion or suggestions from total strangers on which cards to retain or dump or acquire.
Before applying what made these guys to apply, what were the advantages of those cards and why within no time they are willing to dump them. Strange to see such an illogical behaviour.
Why no effort was made to see what benefits they get out of those cards, and will it match their spending patterns... And we see so many even not activating their cards.
Why such a strange way of choosing, applying, getting and then willing to dump many of them and acquiring many more.
I hope n recommend that this trend will come to an end soon.
Before applying what made these guys to apply, what were the advantages of those cards and why within no time they are willing to dump them. Strange to see such an illogical behaviour.
Why no effort was made to see what benefits they get out of those cards, and will it match their spending patterns... And we see so many even not activating their cards.
Why such a strange way of choosing, applying, getting and then willing to dump many of them and acquiring many more.
I hope n recommend that this trend will come to an end soon.
Personally i think all youe LTF cards are bottom tier and trash
Because they have some life remain with them. They will try, fail and then learn from them. Or learn from others' failure and success.
RAMESH BABU N
TF Legend
First timers or new-to-CC - trying for n getting whatever-they-can-get is understandable. And, even suggested.
But, why those with 1 or 2 dozen CCs ?
By now, they know all the ins and outs of various cards - application processes, card features, benefits n drawbacks.....
MudraMantra
TF Select
So what is your suggestion.
sidp
TF Legend
I doubt it will ever end. It happens due to fear of missing out. There are so many offers going on front by different issuers. So many forums; people bragging about their collection; influencers peddling all cards for commission.
I guess Op was also influenced by all this & started applying every ltf card he could. 😆
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By calling the CC.
Since you are solely towards cashback & vouchers instead of airmiles based on your current CC portfolio
Below are the cards that should be removed or upgraded/downgraded
Legend replace with Tiger if you are getting LTF
Flipkart axis is a waste now , you can clear that
RBL duet card remove or may be get shoprite as LTF
Swiggy hdfc again a waste card rather get yourself regalia gold or Tata neu
Upgrade First select to wealth since your ITR should be able to get you wealth easily.
Also since you are into core cashback, you can get rid of the amex cards as Amex cards are worth only if you redeem them for miles otherwise the annual cost to voucher return is not that great.
Get yourself a sbi cashback and for international spends maybe get an Eterna/AU Ixigo/Scapia or IDFC Wealth.
Riya
TF Legend
Transfer IndusInd Legend limit to Eazydiner and close the former one....
If you want quality portfolio then close:
flipkart Axis,
RBL Duet,
Yes Finbooster
Go for:
SBI Cashback
Upgrade Swiggy HDFC to HDFC Millenia atleast or Regalia Gold
Request for IDFC Select upgrade to Wealth
I suppose these many cards should suffice your expenses with decent rewards
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