Need Your Advice in Optimising My Credit Card Portfolio

[PayKaroAbhi]

Hey everyone!

I’m looking for advice on optimizing my credit card portfolio, as I feel I currently hold too many cards with overlapping benefits. Here’s a summary of my situation:

Cards I Currently Hold

1. HDFC Millennia Credit Card

Annual Fee: ₹1,190 (waived after ₹1 lakh spends).

Benefits: 5% cashback on Flipkart, Amazon, Myntra, Ola, Uber, etc., and 1% on other spends.



2. SBI Cashback Credit Card

Annual Fee: ₹1,190 (waived after ₹2 lakh spends).

Benefits: 5% cashback on all online spends (no merchant restrictions), excluding wallet reloads and utility/government spends.



3. SBI SimplyCLICK Credit Card

Annual Fee: ₹590 (waived after ₹1 lakh spends).

Benefits: Reward points (but none for transactions with instant discounts).



4. Axis Airtel Credit Card

Annual Fee: ₹590 (waived after ₹2 lakh spends).

Benefits:

25% cashback on Airtel recharges (₹250/month cap).

10% cashback on utilities, broadband, Zomato/Swiggy (₹250/month cap).




5. Axis Ace Credit Card

Annual Fee: ₹590 (waived after ₹2 lakh spends).

Benefits:

5% cashback on utilities, broadband, mobile recharges (₹500/month cap).

1.5% cashback on offline spends.




6. HDFC PixelPlay Credit Card

Annual Fee: ₹590 (waived after ₹1 lakh spends).

Benefits: 5% cashback on Nykaa, Myntra, Blinkit, and Reliance Smart (Blinkit isn’t available in my area, and I rarely shop at Reliance Smart).





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Spending Habits

Online Spends: ₹60,000 annually).

Offline Spends: ~₹1–1.5 lakh annually.

Airtel Recharges: 4 connections, ₹579 each, recharged alternately (~₹1,158/month).

Utilities/Bills: ~₹3,000/month.



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Planned Action

I’ve analyzed the benefits of these cards and concluded:

Keep:

Airtel Axis Credit Card: High cashback on Airtel recharges and utilities.

Axis Ace Credit Card: Great for utilities and offline spends.

SBI Cashback Credit Card: Best for general online shopping.


Close:

HDFC PixelPlay Credit Card: Limited usefulness given my rural location and spending pattern.

SBI SimplyCLICK Credit Card: Overlaps with SBI Cashback but offers less value.

HDFC Millennia Credit Card: Merchant restrictions make it less versatile than SBI Cashback.




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Would you agree with this strategy, or do you see any gaps? I’d appreciate any insights or suggestions!

 

[drsel]

It is a good strategy.
Also get AU Lit, Atlas and Infinia, if you qualify

 

[6ix9ine]

Hey everyone!

I’m looking for advice on optimizing my credit card portfolio, as I feel I currently hold too many cards with overlapping benefits. Here’s a summary of my situation:

Cards I Currently Hold

1. HDFC Millennia Credit Card

Annual Fee: ₹1,190 (waived after ₹1 lakh spends).

Benefits: 5% cashback on Flipkart, Amazon, Myntra, Ola, Uber, etc., and 1% on other spends.



2. SBI Cashback Credit Card

Annual Fee: ₹1,190 (waived after ₹2 lakh spends).

Benefits: 5% cashback on all online spends (no merchant restrictions), excluding wallet reloads and utility/government spends.



3. SBI SimplyCLICK Credit Card

Annual Fee: ₹590 (waived after ₹1 lakh spends).

Benefits: Reward points (but none for transactions with instant discounts).



4. Axis Airtel Credit Card

Annual Fee: ₹590 (waived after ₹2 lakh spends).

Benefits:

25% cashback on Airtel recharges (₹250/month cap).

10% cashback on utilities, broadband, Zomato/Swiggy (₹250/month cap).




5. Axis Ace Credit Card

Annual Fee: ₹590 (waived after ₹2 lakh spends).

Benefits:

5% cashback on utilities, broadband, mobile recharges (₹500/month cap).

1.5% cashback on offline spends.




6. HDFC PixelPlay Credit Card

Annual Fee: ₹590 (waived after ₹1 lakh spends).

Benefits: 5% cashback on Nykaa, Myntra, Blinkit, and Reliance Smart (Blinkit isn’t available in my area, and I rarely shop at Reliance Smart).





---

Spending Habits

Online Spends: ₹60,000 annually).

Offline Spends: ~₹1–1.5 lakh annually.

Airtel Recharges: 4 connections, ₹579 each, recharged alternately (~₹1,158/month).

Utilities/Bills: ~₹3,000/month.



---

Planned Action

I’ve analyzed the benefits of these cards and concluded:

Keep:

Airtel Axis Credit Card: High cashback on Airtel recharges and utilities.

Axis Ace Credit Card: Great for utilities and offline spends.

SBI Cashback Credit Card: Best for general online shopping.


Close:

HDFC PixelPlay Credit Card: Limited usefulness given my rural location and spending pattern.

SBI SimplyCLICK Credit Card: Overlaps with SBI Cashback but offers less value.

HDFC Millennia Credit Card: Merchant restrictions make it less versatile than SBI Cashback.




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Would you agree with this strategy, or do you see any gaps? I’d appreciate any insights or suggestions!

Try to convert simplyclick to LTF by calling, if they don't then keep asking for fee reversal. Cashback card is useless in instant discounts, simplyclick will save you.

Agree on pixelplay and millennia.

Mail hdfc for millennia LTF too.

 

[HumorSimpson]

It is a good strategy.
Also get AU Lit, Atlas and Infinia, if you qualify

His annual spends are hardly 2L. Why torture him with MDCs?

 

[PayKaroAbhi]

Try to convert simplyclick to LTF by calling, if they don't then keep asking for fee reversal. Cashback card is useless in instant discounts, simplyclick will save you.

That's true! But I did a foolish thing recently which is I converted my SimplySave to SC recently which was 5 years old and now they're saying that it could be LTF before swapping the variant sadly 😖

Agree on pixelplay and millennia.

Pixel play is a s#it because their customer support is also very arrogant , they'll surely not reverse any fees.

Mail hdfc for millennia LTF too.

Tried many times, they keep saying that I upgraded my LTF IOCL to paid Millennia on my own hence it can't be done now 😶

 

[PayKaroAbhi]

His annual spends are hardly 2L. Why torture him with MDCs?

Yeah exactly, those cards aren't for me, AU isn't operating here though, can't get their LTF cards too sadly

 

[cardio_guy]

Agree with your strategy. Before reading your strategy I was planning to find a solution and the same thing came to my mind:

Keep: Airtel Axis, Axis Ace, SBI Cashback
Close: HDFC PixelPlay, SBI SimplyCLICK, HDFC Millennia

Next step I would say contact Axis customer care and try to make one of these as LTF.

 

[PayKaroAbhi]

Agree with your strategy. Before reading your strategy I was planning to find a solution and the same thing came to my mind:

Keep: Airtel Axis, Axis Ace, SBI Cashback
Close: HDFC PixelPlay, SBI SimplyCLICK, HDFC Millennia

Next step I would say contact Axis customer care and try to make one of these as LTF.

Axis has never made any Ace or Airtel card LTF in the history I think 😅

 

[6ix9ine]

Tried many times, they keep saying that I upgraded my LTF IOCL to paid Millennia on my own hence it can't be done now 😶

Keep trying, many have gotten it. I know it will take time, but having a core card from HDFC and that too millennia is a great start.

Unless, you really don't need HDFC cards. In my opinion, keep it.

 

[PayKaroAbhi]

Keep trying, many have gotten it. I know it will take time, but having a core card from HDFC and that too millennia is a great start.

Unless, you really don't need HDFC cards. In my opinion, keep it.

Yes they made my mom's MB+ LTF after many attempts 🤧 but Millennia is 3 years old and still I'm trying only