Shell i close my low limit cards

[Syed Adil Abbas]

My CC journey started with ICICI Sep 2022 with limit 30k now in Nov 2024 Limit is 4.6L LTF (APAY)
Au BANK CC 4.6L SEP 2024 PAID 299+GST (SPONT RUPAY)
Kotak CC 2L OCT 2023 LTF (ZEN)
IDFC CC 2L JAN 2024 LTF (SLECT)
HDFC CC 1.15L MAR 2023 LTF (Millenia)
AXIS CC 97K NOV 2023 PAID 500+GST (AIRTEL & MY ZONE LTF)

i took multiple cards because of low limit of 1L on all cards but now in 2024 i have more limit in single cards, and managing all card is difficult if i don't use the cards BANK will also think something BAD on me i think

So please suggest shell i keep1-2 cards and use them Wisely and regularly to get more benefits and limit increase in future

My spends more on Online/offline shopping (Some times i opt EMI's) and i don't travel more

My Monthly payments to CC 20K-50K (offline and online and emi's)

 

[Fini7777]

My CC journey started with ICICI Sep 2022 with limit 30k now in Nov 2024 Limit is 4.6L LTF (APAY)
Au BANK CC 4.6L SEP 2024 PAID 299+GST (SPONT RUPAY)
Kotak CC 2L OCT 2023 LTF (ZEN)
IDFC CC 2L JAN 2024 LTF (SLECT)
HDFC CC 1.15L MAR 2023 LTF (Millenia)
AXIS CC 97K NOV 2023 PAID 500+GST (AIRTEL & MY ZONE LTF)

i took multiple cards because of low limit of 1L on all cards but now in 2024 i have more limit in single cards, and managing all card is difficult if i don't use the cards BANK will also think something BAD on me i think

there's nothing like that, more credit limitplease will help u in reducing ur credit utilization ratio and banks don't consider no.of card accounts strictly (SBI Card: exception)

So please suggest shell i keep1-2 cards and use them Wisely and regularly to get more benefits and limit increase in future

keep all the above cards active they will be required in some sale offers and some occasional offers
but use only 1-2 cards regularly and keep all other cards aside and use them when u r in need of them,

My spends more on Online/offline shopping (Some times i opt EMI's) and i don't travel more

My Monthly payments to CC 20K-50K (offline and online and emi's)

u shouldn't have applied for AU Spont U can get the better card from them in future, Anyways, Don't close it. getting AU bank cards will become very difficult if u close it now, They have one card policy

 

[helloworld]

My CC journey started with ICICI Sep 2022 with limit 30k now in Nov 2024 Limit is 4.6L LTF (APAY)
Au BANK CC 4.6L SEP 2024 PAID 299+GST (SPONT RUPAY)
Kotak CC 2L OCT 2023 LTF (ZEN)
IDFC CC 2L JAN 2024 LTF (SLECT)
HDFC CC 1.15L MAR 2023 LTF (Millenia)
AXIS CC 97K NOV 2023 PAID 500+GST (AIRTEL & MY ZONE LTF)

i took multiple cards because of low limit of 1L on all cards but now in 2024 i have more limit in single cards, and managing all card is difficult if i don't use the cards BANK will also think something BAD on me i think

So please suggest shell i keep1-2 cards and use them Wisely and regularly to get more benefits and limit increase in future

My spends more on Online/offline shopping (Some times i opt EMI's) and i don't travel more

My Monthly payments to CC 20K-50K (offline and online and emi's)

can close myzone, idfc, spont - I didnt see any reason.

but for accurate divide your 20-50k (exclude emis and try to get minimal difference figure, there is 30k gap in between these numbers, so do re-analyse your spends. If difficult, try to analyze in annual point of view).

if finding difficult, or not finding any value, its always safe to close them and get if really required in future.

check this once..

Thread 'Guide to suggest a credit card - Basic requirements'

Sep 28, 2024

How to Choose the Right Credit Card for You

Simply looking at your CIBIL score or listing your existing cards won't help determine the most suitable credit card for you. To make an informed choice, you need to consider various factors.

Key Steps to Select a Credit Card:​

1. Identify Your Spending Categories
   
   Look at your monthly or annual expenses and categorize them. This will help determine which card gives the best rewards for your spending pattern.
   
   Example:
   • Amazon: ₹5,000
   • BigBasket: ₹5,000
   • Offline Grocery: ₹10,000...

• helloworld
• Replies: 8
• Forum: Suggest me a Credit Card

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[Ram1]

You hardly had 6 to 7 cards. I don't think that's hard to Manage.

Tips i can give u are
1. Dont close ltf cards. They might be useful for bank offers. Its better to use our own cards than asking others in need.
Keep paid cards which rewards you according to ur needs.
2. Set same billing date for all ur cards. Allot fixed one day in a month to clear all cards dues.

And no bank thinks bad about you, even if they think what can bother you? After all we are business to them.
Hope it justifies ur doubt

 

[cardio_guy]

Set same billing date for all ur cards

I am adding one point -

All my cards share the same billing date, but some banks restrict billing to specific dates each month.
For example, ASD Bank only offers the 4th, 12th, 19th, and 24th as billing dates, so you must choose one of these.

In such cases, I set a unified payment date, typically 3-4 days before the last due date, and pay all my bills on that day.

For cards where I can't select a specific billing date, I opt for the date closest to my usual billing date and still make payments for all on the same day.

 

[Ram1]

I am adding one point -

All my cards share the same billing date, but some banks restrict billing to specific dates each month.
For example, ASD Bank only offers the 4th, 12th, 19th, and 24th as billing dates, so you must choose one of these.

In such cases, I set a unified payment date, typically 3-4 days before the last due date, and pay all my bills on that day.

For cards where I can't select a specific billing date, I opt for the date closest to my usual billing date and still make payments for all on the same day.

I have 20 cards. I divided into 10 10.

Billing date 1st for 10 cards.I pay bill of these 10 cards on 15th of every month.

Billing date 15th for remaining 10 cards. I pay these 10cards bills on 1st of every month.

This is simple to manage for me