Diversifying credit mix

[Swapnil Chandwade]

Current situation
Credit Scores:
CIBIL (May 2025): 804
Experian (April 2025): 839
CRIF (April 2025): 829

Payment history: 100% timely payments

Cards (All LTF):
Axis Bank MyZone – 49 months old, credit limit 2.90L
HDFC Bank Indian Oil – 13 months old, credit limit 3.33L
Slice (NE Small Finance Bank) – 40 months old

Credit Usage: mostly < 5% each month, generally movie tickets (MyZone), laptop EMIs

Housing Loan:
SBI (I am a guarantor, but it is still showing up in my credit report)

No new credit enquiries since 2024

Question:
While I don’t plan to get an additional loan in near future, I want to see the score go up. I recently came across the Campus Power campaign by ICICI bank where they offer credit cards for alumni of esteemed institutions. I understand that I am eligible for a Sapphiro card, not spoken to any salesperson yet, nor do I have any relationship with ICICI Bank till now. I have invested with ICICI Prudential, but I don’t think that counts (Please let me know if it does).

I am considering getting the Sapphiro card, (MasterCard+AmericanExpress) – Please share your reviews and insights, for example, on whether I should take it now (or later), whether the Visa variant is better, whether I should insist on Emeralde PVC/Metal, whether I should consider limit extension instead, etc. My apologies for posting so many questions at once🙃

 

[helloworld]

I want to see the score go up.

no need to anything for this purpose, just use ur existing cards nd pay 'on time'.

whether I should take it now (or later)

whether the Visa variant is better, whether I should insist on Emeralde PVC/Metal, whether I should consider limit extension instead, etc.

for this purpose (check below thread for more clarity on your questions):

Thread 'Guide to Choosing the Right 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...

• helloworld
• Replies: 15
• Forum: Suggest me a Credit Card

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