Closing 6 credit card at a time

[deepakj687]

I saw this message in one score app. It is recommending to close some cards which I don't use. So I have sent email to bank to close them. Thelist is followed. I am thinking to increase my cibil score but it is going down and reached 769 from 774. As in near future I would take home loan. So what will be the consequences of this cibil score. My experon score has also gone down by 28 points and reached 798 from 826.
Someone has suggested me that many credit card shows to bank this person is credit hungry and is fully dependent on it. So taking this decision.
I have closed
Axis Flipkart recently
And now will close

Bob easy virtual rupay
Standard chartered platinum rewards credit card
RblShopriteLtf
ICICI platinum chip
ICICI Coral rupay
Au altura

Will the bulk closure improve my score or it will hamper it more?

 

[fageriaji]

Hi everyone,
I have collection of these cards and want to close some cards. Please suggest me which card should I close...
1. Airtel Axis (1.6 L) used for Airtel postpaid/BB and electricity bill 300+300 cb
2. SBI PRIME (2.2L) for pizz hut voucher
3. Amex MRCC (2.4L)
4. HDFC MILLENNIA LTF (2.1L) for 1%cb and partner offers
5. SC TITANIUM (1.6L) only for fuel 5%CB of 200
6. SC SMART (1.6L) for 2% cb on online payment rent/govt/insurance
7. ICICI APAY LTF (4.6 L)
8. ICICI MMT Signature LTF (4.6L)
9. ICICI sapphire LTF (4.6 L)

 

[techt]

Hi everyone,
I have collection of these cards and want to close some cards. Please suggest me which card should I close...
1. Airtel Axis (1.6 L) used for Airtel postpaid/BB and electricity bill 300+300 cb
2. SBI PRIME (2.2L) for pizz hut voucher
3. Amex MRCC (2.4L)
4. HDFC MILLENNIA LTF (2.1L) for 1%cb and partner offers
5. SC TITANIUM (1.6L) only for fuel 5%CB of 200
6. SC SMART (1.6L) for 2% cb on online payment rent/govt/insurance
7. ICICI APAY LTF (4.6 L)
8. ICICI MMT Signature LTF (4.6L)
9. ICICI sapphire LTF (4.6 L)

Close 3, 6. I guess SC smart stopped rewarding government transactions.
8,9 too

 

[fageriaji]

Close 3, 6. I guess SC smart stopped rewarding government transactions.
8,9 too

I use amex MRCC often for 1500*4 and having 58k reward points which will be redeemed towards Taj Hotel voucher for vacations.

Smart card is still giving RP for government transaction.

MMT Signature is still not in use but LTF Sapphire is a good deal for airport lounge and 1+1 BMS tickets.

 

[Deleted member 27665]

Taj Hotel voucher for vaccination.

Bahut badi party lagte ho..... Taj Hotel mein vaccination.... 😅

 

[akshayhs]

Bahut badi party lagte ho..... Taj Hotel mein vaccination.... 😅

 

[fageriaji]

Bahut badi party lagte ho..... Taj Hotel mein vaccination.... 😅

That was a typo due to autocorrect. Just chill dude 😎

 

[purushotham]

Even I closed Kotak, RBL and IndusInd cards no use no benifits and no discounts.

And kept

HDFC - Tata & IOCL ( LTF )
ICICI - Apay , Mine & Coral ( LTF)
Axis - Airtel (Paid) Neo & My zone ( LTF )

These are enough for me with Rupay in all bank's and only one Paid card .And other online and offline offers. All banks have 1L limit. And I use my cousins SBI card which is an Add-on for SBI offers.

In Future I want to have 3L -5L limit on all cards and upgrade to Premium cards in all 3 banks.

Less Banks means and More Peace of mind

1st - Axis Bill date
16th - HDFC ICICI bill date

 

[deepakj687]

Close 3, 6. I guess SC smart stopped rewarding government transactions.
8,9 too

Are you really sure that sc smart has stopped giving cashback on govt transactions

 

[fageriaji]

Are you really sure that sc smart has stopped giving cashback on govt transactions

Still not. I just got CB in last week