Which credit cards to close/retain

[TwinAlco]

I have the following credit cards:

Paid:

SBI Cashback

SBI IRCTC (effectively free)

Amex Plat Travel

HSBC Live +

LTF:

Scapia

Amazon Pay ICICI

HDFC Swiggy

ICICI Saphiro

Managing these cards is a hassle, which ones should I close ideally.

 

[Aditya Jha]

Amex plat travel, hsbc live+

 

[pinki]

I have the following credit cards:

Paid:

SBI Cashback

SBI IRCTC (effectively free)

Amex Plat Travel

HSBC Live +

LTF:

Scapia

Amazon Pay ICICI

HDFC Swiggy

ICICI Saphiro

Managing these cards is a hassle, which ones should I close ideally.

Sbi irctc .

 

[TwinAlco]

Sbi irctc .

Frequent train traveller, so need this card. Any other alternative for this?

 

[pinki]

Frequent train traveller, so need this card. Any other alternative for this?

Get Amazon gv at 5% via sbi cb and book but since u are frequently travelling via train then its not good option to close sbi irctc.

Since u are getting 10% value back being offered by sbi irctc.

 

[pinki]

Frequent train traveller, so need this card. Any other alternative for this?

U have a well balanced portfolio i think as per ur requirements.

But if u can then u may close amex or swiggy ( if u r not heavy user ).

 

[cardio_guycardio_guy is verified member.]

Good, you have only 8 cards, and still you are looking to cut down. Congrats.

As per me, you can close the following cards -

1. Scapia - I don't know why you are keeping this
2. ICICI Sapphiro - It is mostly useless (except BOGO BMS)
3. Amex Plat Travel - If your spends are less using this card.
4. Two cards from these 4: ICICI Amazon Pay, HDFC Swiggy, SBI cashback, HSBC Live+
(Basically all these 4 are almost similar types of cashback cards.)

HDFC Swiggy gives 5% on Amazon, Flipkart, Ola, Myntra and some other places and 10% on Swiggy.
SBI CB 5% on all online, HSBC Live+ 10% on grocery, Apay 5% on amazon spends. Depending on your usage, you can think of closing one or two. Having all 4 of them is an overkill). If it was me, I would close SBI CB and ICICI Apay.

 

[TwinAlco]

Good, you have only 8 cards, and still you are looking to cut down. Congrats.

As per me, you can close the following cards -

1. Scapia - I don't know why you are keeping this
2. ICICI Sapphiro - It is mostly useless (except BOGO BMS)
3. Amex Plat Travel - If your spends are less using this card.
4. Two cards from these 4: ICICI Amazon Pay, HDFC Swiggy, SBI cashback, HSBC Live+
(Basically all these 4 are almost similar types of cashback cards.)

HDFC Swiggy gives 5% on Amazon, Flipkart, Ola, Myntra and some other places and 10% on Swiggy.
SBI CB 5% on all online, HSBC Live+ 10% on grocery, Apay 5% on amazon spends. Depending on your usage, you can think of closing one or two. Having all 4 of them is an overkill). If it was me, I would close SBI CB and ICICI Apay.

SBI CB has specific use cases wherein 5% is given. Don’t want to reveal if it gets patched. Also its a no nonsense card.

Amazon APay is good for 1% cashback and where no cashback given.

HSBC for offline transactions and offline dining.

Swiggy is extra but LTF and only hdfc card. Same for scapia.

Overall I feel this is a balanced portfolio now. Thanks for your inputs.

 

[rajcasio]

Whoever says to close APAY & HSBC LIVE+
Never trust them
Never close a LTF CC