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Regret after closing Credit Card - Share your experience

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RockyBond

RockyBond

TF Premier
We all post how to get credit cards here . But sometimes we close existing credit cards and then regret later thinking it was a big mistake.

Let's share our experiences so we can learn from them.

My regret - Closing One Card as it was FD based. After using for an year closed it but then one card never gave me a card . Really regret as I will miss one card offers and probably never get it again. 🙁
 
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Pavan said:
Downgraded magnus to privilage ..sometimes i feel low 😛 but later i realize i don't deserve magnus
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I feel nothing wrong in Previlige card for what it is and what it promises escpecially true if you can utilise it for Multibrand voucher...
I am not saying it is a great card... There are worse than this card from the value proposition aspect...
May be you feel low for the fact that Magnus went down the hill and was trashed to the bin...
 
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RockyBond said:
We all post how to get credit cards here . But sometimes we close existing credit cards and then regret later thinking it was a big mistake.

Let's share our experiences so we can learn from them.

My regret - Closing One Card as it was FD based. After using for an year closed it but then one card never gave me a card . Really regret as I will miss one card offers and probably never get it again. 🙁
Click to expand...
Even I'm closed my One Card 🥲
 
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I closed recently FK Axis CC, no regrets..
The one that pissed me off big time with this card was, they kept on increasing the the annual limit from 1.5 l to 3.5 now I think...
Its a big NO NO as I was plannig my spends on different cards, this Axis is so unreliable...
 
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RockyBond said:
We all post how to get credit cards here . But sometimes we close existing credit cards and then regret later thinking it was a big mistake.

Let's share our experiences so we can learn from them.

My regret - Closing One Card as it was FD based. After using for an year closed it but then one card never gave me a card . Really regret as I will miss one card offers and probably never get it again. 🙁
Click to expand...
First of all, kudos on a different kind of thread!!. Not everything should be about loots and deals 😋

I kinda regret closing Moneyback card earlier this year, because now I realise the stupid rule HDFC has about not giving core card to someone who has a Co-branded card (Tata Neu).

But at the same time it saved me ₹500/yr. And I replaced it with StanChart Smart CC which is giving me a good amount of cashback far more than moneyback ever gave.
 
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S S V said:
I closed recently FK Axis CC, no regrets..
The one that pissed me off big time with this card was, they kept on increasing the the annual limit from 1.5 l to 3.5 now I think...
Its a big NO NO as I was plannig my spends on different cards, this Axis is so unreliable...
Click to expand...
After magnus devaluation its now the best card for flipkart spends as you can combine big billion day sale instant discounts plus card 5% cashback plus grab deals cashback
 
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ashwink said:
They are not giving me any federal cards now 😒
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What is wrong with these guys who are refusing to give new cards for those who closed their previous cards..
DO they think it is like a permanent relationship until we die??
After all it is a business, contracts get closed, extended or rewritten....or a fresh new contract can be written..
 
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jack333 said:
Kya ex GF ko diye huye the jo LTF card band karwa diye 🤣
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Arey nahi bhai.. Closed Sapphiro after I got free Emeralde and SmartEarn for Plat Travel. RBL bas Zomato ke liye tha. Baaki SBI card naa hona LTF hone se zyada achcha hai. I have a simple principle.. Card useful hai toh fee pay kar do. Use nahi hai toh LTF rakh ke credit exposure increase nahi karna.
 
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S S V said:
I feel nothing wrong in Previlige card for what it is and what it promises escpecially true if you can utilise it for Multibrand voucher...
I am not saying it is a great card... There are worse than this card from the value proposition aspect...
May be you feel low for the fact that Magnus went down the hill and was trashed to the bin...
Click to expand...
Let's see how i can utilize it
 
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S S V said:
They run special extra 5% CB campaign on grabdeals quite frequently, you can use your previlige then to get that extra benefit along with what ever other offers are going on that particluar item you want to buy.
I use Previlige card quite frequently to buy Swiggy vouchers to get 7%+5%+1%..
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Sounds good 🙂 it it had rewards for insurance then i woudn't went fro SC Smart card
 
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