Suggest me to reduce my Credit Card Portfolio to solve Overleverage issue

veeru · 2025-11-19T14:25:51+00:00

I am holding 11 credit cards & planning to apply for 2 SBI credit card ( PhonePe Select BLACK & TATA Neu Infinity). But heard from the subscribers that SBI is rejecting new credit card applications who are having either more credit cards or having high Credit limit. In order to reduce my no.of credit cards, please suggest me which ones i can close. My main spends are on Utility. Below is my portfolio. 1. HDFC-Dinners Black metal - Mainly used for quarterly milestone benifit 2. AMEX-Platinum Travel- Used for Milestone benifit 3. AXIS-ACE- Used for monthly caskback on utility spends on Gpay 4.AXIS-AIRTEL- Used for monthly caskback on utility & AIRTEL spends on AIRETL App 5.HSBC-LIVE+- Used for Offine & 10% cashback on grocerry, dinning 6.SBI-PRIME- No use. planning to close 7.PNB-Rupay Select- LTF 8.IDFC -Wealth-LTF 9.FEDERAL-CELESTA-LTF 10.ICICI-Sapphiro-LTF 11.BOB-ETERNA-LTF

Threadmarks IDFC Wealth benefits rsa cfar New

Adith

TF Ace

Contributor

VIP Lounge

RML Group

Nov 19, 2025

nh124001 said:
what is this CFAR and RSA?

RSA - road side assistance. If your vehicle breaks down , you can call for a tow free of charge.

CFAR - Cancellation for Any reason. If you book a flight with the card and you are wanna cancel , you can get back complete amount upto the CFAR cap, which is i think 10k. So even if it's a non refundable ticket , CFAR will get you a refund from idfc side.