Credit card Suggestion

[financial_check]

Hey experienced credit card users, need suggestions please

Here are the details of the cards with fees:

1. SBI CASHBACK
   • Annual Fee: INR 999 + GST
   • Usage: Online purchases of 70k this month
   • Plan to cross 2 lakh spend waiver as the card was received this month
2. SBI PRIME Card
   • Annual Fee: INR 3000 + GST
   • Already spent 3 lakhs, which was waived
   • Being kept for lounge access, with the plan to close it next year
3. Axis Vistara
   • Annual Fee: INR 1500 + GST
   • Keeping it for two flight tickets on spends till 1.25 lakhs
   • Was able to use this year's flights and has a 10% reward rate till 1.25 lakhs
4. Axis Atlas
   • Annual Fee: INR 5000 + GST
   • Purpose: Travel spends
   • Used it till 3.5 lakhs this year, with plans for an international trip
   • Expected to reach 7.5 lakhs, which would result in an approximately 25k Atlas EdgeMile and approximately 90k Accor Point stay
5. Axis Airtel
   • Annual Fee: INR 500 + GST
   • Main usage: Airtel wifi recharges and 10% off on utility bill payments, primarily for electricity
6. HDFC Millenia
   • Lifetime free
   • Occasional to minimal use, to be used when the limit of the SBI cashback card is reached for the month
7. HDFC Tata Neu Infinity
   • First-year-free, then INR 1499 + GST
   • Has a spend-based waiver of 3.5 lakhs
   • Main usage: UPI spends of 5k per month, zudio spends, and parents' health insurance
   • Considered a 'stupid call,' but received 2k neu points on simple ordering
   • Uncertainty about keeping it, may close it after year 1

The total annual fees for all the cards amount to INR 14750. The biggest uncertainties lie with the Axis Airtel and HDFC TATA Neu Infinity cards, and the decision has been made to definitely close the SBI prime card.

 

[helloworld]

Need advice regarding my credit cards...which should I close or upgrade nd add in my portfolio...

I have 17 credit cards in my portfolio..
1. Icici amzon pay, free
2. Icici mmt , free
3. Icici coral rupay, free
4. Hdfc millenia ,free
5. hdfc neu, free
6. hdfc swiggy, free
7. Sbi click, (chargeable)
8. Au xcite ace, free
9. Kotak zen, free
10. Axis neo card, free
11. Axis Airtel Rupay (chargeable)
12. Idfc wealth card, free
13. Indusind tiger card ,free
14.Federal imperio card, free
15.BOB CLASSIC, FREE
16.Roar unity bank, free
17.RBL SHOPRITE, FREE

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

• 
• 
• 

: )

I can suggest close all or keep all due to insufficient information regarding ur spends.

 

[mishra007]

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

• 
• 
• 

: )

I can suggest close all or keep all due to insufficient information regarding ur spends.

My spending is on Grocery (15K), UPI(10K), insurance nd bill payment(5K), hospital spending (25K), Ola uber(4K), online spending( eg.Flipkart, Amazon)(6K)...

 

[helloworld]

Need advice regarding my credit cards...which should I close or upgrade nd add in my portfolio...

I have 17 credit cards in my portfolio..
1. Icici amzon pay, free
2. Icici mmt , free
3. Icici coral rupay, free
4. Hdfc millenia ,free
5. hdfc neu, free
6. hdfc swiggy, free
7. Sbi click, (chargeable)
8. Au xcite ace, free
9. Kotak zen, free
10. Axis neo card, free
11. Axis Airtel Rupay (chargeable)
12. Idfc wealth card, free
13. Indusind tiger card ,free
14.Federal imperio card, free
15.BOB CLASSIC, FREE
16.Roar unity bank, free
17.RBL SHOPRITE, FREE

My spending is on Grocery (15K), UPI(10K), insurance nd bill payment(5K), hospital spending (25K), Ola uber(4K), online spending( eg.Flipkart, Amazon)(6K)...

keep:

coral rupay
millennia
simplyclick
airtel rupay

close others

grocery:

offline: millennia 1% (milestone +1%) or airtel rupay

online: airtel rupay (10%) and millennia (6%)

upi: airtel rupay
insurance and utilities: millennia (amzn) and airtel (airtel app)

ola uber: millennia (6%) or usually upi bank account

online spending: millennia (5% or 6%)

----

for ur spending bob, rbl, federal, indusind, idfc, kotak .. no offers both online or offline

sbi click, icici will cover 90% online offers with millennia, airtel

advantages:
- easy to achive milestone on millennia to get either extra 1% or lounge(if needed)
- provide high net return overall compared to ur other cards.
- eligible for bank offers
- improves relationship with bank.
- if needed lounge, travel related easy to upgrade or get LE from bank time to time.
- airtel covers both online food, utilities, rupay.


rest of them u never use or not needed. infact using them gives less return % and reduce chances with other cards like upgrade, LE etc.

my views..

 

[HumorSimpson]

rest of them u never use or not needed. infact using them gives less return % and reduce chances with other cards like upgrade, LE etc.

my views..

correct. Some guys here had some yes bank CC as it was LTF and now they can't apply for kiwi. The moment a CC or DC turns MDC, one should close it.