Should I get more credit cards or not?

[Pradumya]

Hi everyone

I am a normal spender, my spends are mentioned below -
1. Electricity - via gpay - average 700₹ per month
2. LPG cylinder - via gpay - average ₹800 bimonthly (if booked on 17 march then next booking on 17 may)
3. Health insurance - either through direct or Amazon pay - ₹7000 once a year
4. Mobile recharge - via Amazon pay - (a). ₹2999 once a year. (b). ₹666 per quarter.
5. Property tax - via direct website - ₹7500 once a year.
6. Motor insurance - via policybazaar - ₹4000 once a year.
7. DTH recharge - wherever I get offer - ₹3500 per year.
8. Medicines (offline) - ₹500 per month
9. Fastag - via gpay - ₹1000 divided through out the year.
10. College fees - via SBI collect portal - ₹75K per semester.

I have the following cards which I use often for the above transactions-
1. SBI cashback with lowest limit of 10K (mostly for Amazon pay transactions)
2. Tata Neu Plus - ₹43K (not used much)
3. PNB RuPay Select - ₹80K (only for offline UPI spends)
4. Axis Ace - ₹1.3L (on gpay transactions)
5. AU RuPay Platinum DC (I use it on Friday on Amazon pay)

Let me know if I can get any other card to gain much more. I prefer such cards where I can recover the joining/annual fee via cashback. I prefer to utilise reward points in statement credit.

My CIBIL - 781 (As on 12 April 2024)
Experian - 800 (refreshed today after v3 update)
Equifax - 821 (As on 15 April 2024)
CRIF - 801 (As on 15 April 2024)
No Salary or ITR (I am a student right now) Also no skills to get job in future.
Pincode - 492001


Also if I should do something else with the transactions. These are the transactions I do. Yes some miscellaneous spends happen here and there which I cannot calculate.

Thank you for your time and suggestions.

 

[Vasuki]

You should try to increase limit of sbi using c2c for another sbi card, one which has low fee or give joining bonus.( I have don't have any sbi cc.) Axis/hdfc match & share limit of all cards to highest cl cc. Not sure about sbi.

Sbi C2C ?
How sid

 

[sidp]

You should try to increase limit of sbi using c2c for another sbi card, one which has low fee or give joining bonus.( I have don't have any sbi cc.) Axis/hdfc match & share limit of all cards to highest cl cc. Not sure about sbi.

He he @DocFixIt

 

[Vasuki]

He he @DocFixIt

On scale on 100 ( my highest)

Kotak gave 90%
Sbi 70%

No idea or hdfc never applied

 

[sidp]

On scale on 100 ( my highest)

Kotak gave 90%
Sbi 70%

No idea or hdfc never applied

Depends on many things
How old card, card variant,, issuer. And mostly underwriters mood
Someone posted here he got more cl in sbi than original card.

 

[Vasuki]

Depends on many things
How old card, card variant,, issuer. And mostly underwriters mood
Someone posted here he got more cl in sbi than original card.

I have 2 card will try 3rd soon.. since I know I won't get cashback card will get IRCTC 🌚 card

 

[akshayhs]

No Salary or ITR (I am a student right now) Also no skills to get job in future.

 

[Pradumya]

You should try to increase limit of sbi using c2c for another sbi card, one which has low fee or give joining bonus.( I have don't have any sbi cc.) Axis/hdfc match & share limit of all cards to highest cl cc. Not sure about sbi.

We can transfer the limits between cards in SBI. Both cards needs to be active.
Also I don't find any other SBI Card worthy enough according to my expenses. I am not a card collector.
For SBI cashback card I request for annual fee waiver bcz my limit is 10K and waiver criteria is 2L. I got fee waiver last year.

 

[Pradumya]

@DocFixIt can you please suggest - right now I use my PNB CC via UPI on SBI collect portal for my college fees of ₹75K.
PNB gives me 1000RP for this transaction which is equivalent to ₹500.

Is there any better way to earn more?
I got to know about SC Smart CC but area not serviceable.
I can use Axis Ace but the portal charges ₹885 for CC transaction. And then Axis Ace would mark it as education transaction and give 0%.

 

[sidp]

We can transfer the limits between cards in SBI. Both cards needs to be active.
Also I don't find any other SBI Card worthy enough according to my expenses. I am not a card collector.
For SBI cashback card I request for annual fee waiver bcz my limit is 10K and waiver criteria is 2L. I got fee waiver last year.

Check if any sbi card is giving welcome benefit. Then Take it up. transfer limit to cashback card . Close the other card before renewal.

 

[Vasuki]

@DocFixIt can you please suggest - right now I use my PNB CC via UPI on SBI collect portal for my college fees of ₹75K.
PNB gives me 1000RP for this transaction which is equivalent to ₹500.

Is there any better way to earn more?
I got to know about SC Smart CC but area not serviceable.
I can use Axis Ace but the portal charges ₹885 for CC transaction. And then Axis Ace would mark it as education transaction and give 0%.

Kotak Myntra will give u 1.25% direct cashback for upi..
If u r in service area & have 811 account . apply .
3 year free offer is going on

 

[Pradumya]

Check if any sbi card is giving welcome benefit. Then Take it up. transfer limit to cashback card . Close the other card before renewal.

Both cards needs to be active through out.
The other card won't close without original limit

 

[Vasuki]

Check if any sbi card is giving welcome benefit. Then Take it up. transfer limit to cashback card . Close the other card before renewal.

If not cashback card which SBI card makes sense

 

[Pradumya]

Kotak Myntra will give u 1.25% direct cashback for upi..
If u r in service area & have 811 account . apply .
3 year free offer is going on

I am in serviceable area of kotak. I can open 811 account
Thanks. Will try that for sure.

 

[Pradumya]

If not cashback card which SBI card makes sense

If there are fuel spends at BPCL pumps then BPCL octane makes sense. The regular BPCL card is shit.
If train travel is frequent then IRCTC RuPay card also makes sense.
Earlier Paytm SBI Card also made sense but not anymore.


Edit - I am feeling proud, I told something to legend 🙏

 

[Vasuki]

If there are fuel spends at BPCL pumps then BPCL octane makes sense. The regular BPCL card is shit.
If train travel is frequent then IRCTC RuPay card also makes sense.
Earlier Paytm SBI Card also made sense but not anymore.


Edit - I am feeling proud, I told something to legend 🙏

I hold both bpcl octane & Paytm 😅.
Will try for irctc

 

[Sourabh_13]

Hi everyone

I am a normal spender, my spends are mentioned below -
1. Electricity - via gpay - average 700₹ per month
2. LPG cylinder - via gpay - average ₹800 bimonthly (if booked on 17 march then next booking on 17 may)
3. Health insurance - either through direct or Amazon pay - ₹7000 once a year
4. Mobile recharge - via Amazon pay - (a). ₹2999 once a year. (b). ₹666 per quarter.
5. Property tax - via direct website - ₹7500 once a year.
6. Motor insurance - via policybazaar - ₹4000 once a year.
7. DTH recharge - wherever I get offer - ₹3500 per year.
8. Medicines (offline) - ₹500 per month
9. Fastag - via gpay - ₹1000 divided through out the year.
10. College fees - via SBI collect portal - ₹75K per semester.

I have the following cards which I use often for the above transactions-
1. SBI cashback with lowest limit of 10K (mostly for Amazon pay transactions)
2. Tata Neu Plus - ₹43K (not used much)
3. PNB RuPay Select - ₹80K (only for offline UPI spends)
4. Axis Ace - ₹1.3L (on gpay transactions)
5. AU RuPay Platinum DC (I use it on Friday on Amazon pay)

Let me know if I can get any other card to gain much more. I prefer such cards where I can recover the joining/annual fee via cashback. I prefer to utilise reward points in statement credit.

My CIBIL - 781 (Refreshed today)
Experian - 818 (refreshed today)
No Salary or ITR (I am a student right now) Also no skills to get job in future.
Pincode - 492001


Also if I should do something else with the transactions. These are the transactions I do. Yes some miscellaneous spends happen here and there which I cannot calculate.

Thank you for your time and suggestions.

Why do you give money to AU bank? You can save pennies if you want by getting the FirstTap Rupay Platinum DC, which only has ₹99 + taxes joining fee and no annual fees, by opening the 0 balance IDFC FF account. The free visa signature DC also gives lounge access benefits and ₹62.5 worth points per month for practically free (if you pay at least ₹1 credit card bill each month).

I would also suggest getting another free Rupay Platinum DC (well, you can keep AU or have an NSDL acc or BoB 0/3K balance acc) as you have two utility bill payments every month.

CCs: You can have (any) one LTF card from the remaining banks for sales.

 

[sidp]

If not cashback card which SBI card makes sense

I dont have much idea about any psb/sfb/ neo fin cc. For me at least reward isnt worth the stress of dealing with them.

Isn't sbi bpcl octane gives cashback in both fuel and lpg? Then that could be good option if spend is high enough.

If you regularly use reliance brands like digital/ajio/jiomart/trend/fresh etc there are 2 sbi reliance co branded cards.

For vistara user sbi vistara is best.

 

[Riya]

Hi everyone

I am a normal spender, my spends are mentioned below -
1. Electricity - via gpay - average 700₹ per month
2. LPG cylinder - via gpay - average ₹800 bimonthly (if booked on 17 march then next booking on 17 may)
3. Health insurance - either through direct or Amazon pay - ₹7000 once a year
4. Mobile recharge - via Amazon pay - (a). ₹2999 once a year. (b). ₹666 per quarter.
5. Property tax - via direct website - ₹7500 once a year.
6. Motor insurance - via policybazaar - ₹4000 once a year.
7. DTH recharge - wherever I get offer - ₹3500 per year.
8. Medicines (offline) - ₹500 per month
9. Fastag - via gpay - ₹1000 divided through out the year.
10. College fees - via SBI collect portal - ₹75K per semester.

I have the following cards which I use often for the above transactions-
1. SBI cashback with lowest limit of 10K (mostly for Amazon pay transactions)
2. Tata Neu Plus - ₹43K (not used much)
3. PNB RuPay Select - ₹80K (only for offline UPI spends)
4. Axis Ace - ₹1.3L (on gpay transactions)
5. AU RuPay Platinum DC (I use it on Friday on Amazon pay)

Let me know if I can get any other card to gain much more. I prefer such cards where I can recover the joining/annual fee via cashback. I prefer to utilise reward points in statement credit.

My CIBIL - 781 (Refreshed today)
Experian - 818 (refreshed today)
No Salary or ITR (I am a student right now) Also no skills to get job in future.
Pincode - 492001


Also if I should do something else with the transactions. These are the transactions I do. Yes some miscellaneous spends happen here and there which I cannot calculate.

Thank you for your time and suggestions.

Biggest surprise is you have Axis Ace...

Guys here are hogging to get that even after devaluation....

 

[Pradumya]

Biggest surprise is you have Axis Ace...

Guys here are hogging to get that even after devaluation....

Even I was surprised when I got that. It was 10 days and no update was there so I thought it will get rejected (bcz earlier I got rejected thrice for other axis cards)
Suddenly one day SMS came that card is approved. The limit was not mentioned anywhere. When card arrived at first I read 130000 as 13k only. Then I realised it's 1.3L, I literally danced.

 

[Vasuki]

Then I realised it's 1.3L, I literally danced.

Plz post the video .
We don't want to miss the lovely emotion