Need suggestion to optimize my credit card portfolio

[Nishan11]

IMO you should close following cards,
Axis Privilege
ICICI Amazon
ICICI Platinum
ICICI Sapphiro
ICICI Emerald PVC
SBI Simply click
BOB Snapdeal
Kotak PVR

Keep the Vistara co branded cards as the milestone benefits are pretty good and you can use them for manufactured spends (spends of friends and family).

How did you spouse get SBI Elite as LTF please share some insight.

Spouse has Elite LTF. Corporate tie up.

About cards close suggestion by you, I will close most of them.

I always use Amazon so keeping that card & SimplyClick was my first card, so keeping this both for now.

 

[Nishan11]

You should close above cards. These are outdated or redundant in your pf.

Below cards can also be closed conditionally.

You can use the elite for offers. But if you close it could be harder to get another sbi cc in future.

Doesn't add much value to your pf. But kotak is now banned. I suggest you keep it till ban is lifted off. They might introduce a better card after the ban, which will give you an opportunity to upgrade .


No point in keeping both. Eterna is better card. But are you spending enough to earn back the fee?



Your Emerald metal is paid or ltf? you should keep the highest variant ltf icici cc, whichever it might be : emerald metal/pvc/sapphiro. When they devalue metal further, this could be useful for offers. Just remember to close all add ons.🤣

Emeralde metal is highest variant among ICICI cards in my portfolio. It's FYF.
Will close pvc & sapphiro.

Eterna I am keeping because I can easily achieve fee reversal milestone.

Snapdeal i will close.

You may be right about Kotak, I will reconsider my decision about closing it till ban is lifted.

Simplyclick was my first card so keeping it. May not get another sbi card for myself. Spouse has elite.

 

[Nishan11]

You can keep one card per bank but some banks don't deserve (it's my personal opinion)
Atlas
Amazon icici
Simply click
Bob eterna
Pnb rupay select
Icici emarlde metal
Idfc vistara
Hdfc Marriott bonvoy

This list is good. I agree with you fully on this. This should be my optimized portfolio. Thank you 😊

 

[Vinay13]

This list is good. I agree with you fully on this. This should be my optimized portfolio. Thank you 😊

How much you spend in a year and in what category?
In my Opinion
HDFC Infinia for smartbuy-> domestic travel/hotels, GVs (amazon pay,flipkart,myntra,etc)

Atlas -> International Hotels/flightsfor 5x (for international travel smartbuy is useless), All other spends because default rate better than Infinia (4% and 7.2% in case of accor)

Amex plat-> for NPS/TAXES/FUEL etc

If you have these 3 in family I do not think any card can be more useful than this.

 

[Nishan11]

Today I have closed Axis Privilege, Icici Platinum, sapphiro amex variant.

Will close more by end of this month as per feedback here.

 

[Nishan11]

How much you spend in a year and in what category?
In my Opinion
HDFC Infinia for smartbuy-> domestic travel/hotels, GVs (amazon pay,flipkart,myntra,etc)

Atlas -> International Hotels/flightsfor 5x (for international travel smartbuy is useless), All other spends because default rate better than Infinia (4% and 7.2% in case of accor)

Amex plat-> for NPS/TAXES/FUEL etc

If you have these 3 in family I do not think any card can be more useful than this.

We go for family international trips twice a year. So spends are mostly on flight, hotels, dining, shopping.

 

[BVCBVC is verified member.]

Today I have closed Axis Privilege, Icici Platinum, sapphiro amex variant.

Will close more by end of this month as per feedback here.

So you got many suggestions, got any ideas by posting here?

 

[Vinay13]

We go for family international trips twice a year. So spends are mostly on flight, hotels, dining, shopping.

Atlas & infinia combo will be very good. You can look for amex plat charge if you want toptier memberships of hotels and airlines.

 

[Nishan11]

So you got many suggestions, got any ideas by posting here?

Yes after reading all feedback so far, I got some clarity about which cards to close.

So closed Privilege, Platinum & sapphiro amex variant today. Will close sbi vistara too today along with bob snapdeal. Closing Tata neu infinity in next few days. Closing emeralde pvc by end of month.

Will update here whenever I close more cards from current portfolio.

 

[aniketkr.sharma]

Yes after reading all feedback so far, I got some clarity about which cards to close.

So closed Privilege, Platinum & sapphiro amex variant today. Will close sbi vistara too today along with bob snapdeal. Closing Tata neu infinity in next few days. Closing emeralde pvc by end of month.

Will update here whenever I close more cards from current portfolio.

It will be better if you keep removing closed cards from the main thread list

 

[BVCBVC is verified member.]

Yes after reading all feedback so far, I got some clarity about which cards to close.

So closed Privilege, Platinum & sapphiro amex variant today. Will close sbi vistara too today along with bob snapdeal. Closing Tata neu infinity in next few days. Closing emeralde pvc by end of month.

Will update here whenever I close more cards from current portfolio.

Strike off or update the OP as closed cards section.

It will be better if you keep removing closed cards from the main thread list

Good update.

 

[Avatar Aang]

Spouse has Elite LTF. Corporate tie up.

About cards close suggestion by you, I will close most of them.

I always use Amazon so keeping that card & SimplyClick was my first card, so keeping this both for now.

I guess you don't need ICICI Amazon card as you've got Infinia. You get better returns using smartbuy voucher program.

 

[panu24]

Yes after reading all feedback so far, I got some clarity about which cards to close.

So closed Privilege, Platinum & sapphiro amex variant today. Will close sbi vistara too today along with bob snapdeal. Closing Tata neu infinity in next few days. Closing emeralde pvc by end of month.

Will update here whenever I close more cards from current portfolio.

Do share also if possible when you close any card, did that bank tried to offer you any retention? Or it was straight aways accepted closure request.

 

[MOhit __]

do not remove, instead, mark it as closed

 

[Nishan11]

Do share also if possible when you close any card, did that bank tried to offer you any retention? Or it was straight aways accepted closure request.

I got retention offer from Privilege. They were offering annual fee reversal & 5000 edge rewards. I said NO.

ICICI Team just shared perks of card, I said I already know how much worth this card is, that's why closing. No other offer.

SBI also offered annual fee reversal for vistara which I declined.

 

[Deepak_Shetty]

I got retention offer from Privilege. They were offering annual fee reversal & 5000 edge miles. I said NO.

ICICI Team just shared perks of card, I said I already know how much worth this card is, that's why closing. No other offer.

SBI also offered annual fee reversal for vistara which I declined.

I hope you transferred your SBI Vistara card limit to Simply click card before closure.

 

[MOhit __]

I hope you transferred your SBI Vistara card limit to Simply click card before closure.

SBI limit cannot be transferred, they stopped doing so a long time ago.

 

[Ram1]

SBI limit cannot be transferred, they stopped doing so a long time ago.

Nope they still doing it. It depends on the executive

 

[BVCBVC is verified member.]

I got retention offer from Privilege. They were offering annual fee reversal & 5000 edge miles. I said NO.

ICICI Team just shared perks of card, I said I already know how much worth this card is, that's why closing. No other offer.

SBI also offered annual fee reversal for vistara which I declined.

For Axis Privilege they offered Miles or Edge rewards?

 

[Nishan11]

I hope you transferred your SBI Vistara card limit to Simply click card before closure.

Yes did that 😂