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Which credit cards to close/retain
- Thread starter TwinAlco
- Start date
- Replies 10
- Views 304
Aditya Jha
TF Select
Amex plat travel, hsbc live+
pinki
TF Legend
Sbi irctc .
Frequent train traveller, so need this card. Any other alternative for this?
pinki
TF Legend
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
TF Legend
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 ).
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.
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.
akki7163
TF Premier
I have following Credit cards. Please suggest what CC should be closed it has been a hassle last few months maintaining so many cards -
- ICICI Cards: ICICI Coral RuPay, ICICI Amazon Pay,ICICI MMT Platinum (all LTF) & ICICI Adani One Signature Card (FYF Recently Got).
- HDFC Cards: Swiggy , Tata Neu Plus , Moneyback +, HDFC UPI (ALL LTF)
- AXIS Cards: Airtel and Flipkart (Both Paid)
- Others:
- AU Lit (LTF)
- IDFC Classic (LTF)
- SBI SimplyClick (LTF)
- Yes Bank (LTF)
- Kotak League and Kotak UPI (LTF)
- Indusind Legend (LTF) for Select Account Purpose
- Bob Select and Bob Upi (LTF)
Hope
TF Premier
Cards to close : hdfc swiggy/axis flipkart/icici mmt platinum /hdfc upi/bob upi/kotak league or kotak upi anyone or both since very less offers from kotak and shitty reward rate/idfc classic
Coral/tata neu enough for your upi spends.
Airtel will cover 10% on swiggy/zomato
Take sbi cashback for 5%
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