Help me Optimize my Credit Card Portfolio (24, 10 LPA)

[Tushar2206]

Hey everyone,


I’m currently trying to optimize my credit card portfolio and would love some advice from people who have experience balancing rewards, benefits, and fees.


Profile

• Age: 24
• Income: 10 LPA
• Spending pattern:
  • Online shopping & food delivery
  • Fuel & domestic travel (flights a few times a year)
  • Utility bills & subscriptions

Current Cards

• ICICI Amazon Pay
• Kotak I League
• PNB RuPay Platinum
• SC Smart
• SBI SimplyClick
• Axis Airtel
• Axis Ace
• HDFC Swiggy Card
• Yes Bank Finbooster
• Federal Signet
• HSBC Platinum
• AU LIT

What I’m looking for

• A good mix of reward points/cashback for daily spends
• Decent travel benefits (airport lounge, flight offers), but I don’t usually stay in luxury hotels so not sure if points programs are worth it right now
• A practical, value-for-money setup (premium cards maybe in the future, but not right now)

Questions

1. Which cards should I close and why? (I’m considering closing PNB, Kotak, and Yes Bank—mainly because of low utility and overlap, but open to suggestions)
2. Are there any must-have cards I’m currently missing and would be eligible for?

Thanks in advance for the help!

 

[komal]

Convert your airtel into rupay variant.
Try to get HDFC core card .

 

[TripleAce]

Hey everyone,


I’m currently trying to optimize my credit card portfolio and would love some advice from people who have experience balancing rewards, benefits, and fees.


Profile

• Age: 24
• Income: 10 LPA
• Spending pattern:
  • Online shopping & food delivery
  • Fuel & domestic travel (flights a few times a year)
  • Utility bills & subscriptions

Current Cards

• ICICI Amazon Pay
• Kotak I League
• PNB RuPay Platinum
• SC Smart
• SBI SimplyClick
• Axis Airtel
• Axis Ace
• HDFC Swiggy Card
• Yes Bank Finbooster
• Federal Signet
• HSBC Platinum
• AU LIT

What I’m looking for

• A good mix of reward points/cashback for daily spends
• Decent travel benefits (airport lounge, flight offers), but I don’t usually stay in luxury hotels so not sure if points programs are worth it right now
• A practical, value-for-money setup (premium cards maybe in the future, but not right now)

Questions

1. Which cards should I close and why? (I’m considering closing PNB, Kotak, and Yes Bank—mainly because of low utility and overlap, but open to suggestions)
2. Are there any must-have cards I’m currently missing and would be eligible for?

Thanks in advance for the help!

All the mentioned cards are LTF?
You need to mention whether the cards are paid or LTF in order to get the justified & appropriate answers.

 

[Tushar2206]

All the mentioned cards are LTF?
You need to mention whether the cards are paid or LTF in order to get the justified & appropriate answers.

Axis Ace , Axis Airtel and SC Smart are 499/Year - But the usage on cards are high so the fees gets waived anyways - Rest of them are LTF.

 

[Aniket Sharma]

Hey everyone,


I’m currently trying to optimize my credit card portfolio and would love some advice from people who have experience balancing rewards, benefits, and fees.


Profile

• Age: 24
• Income: 10 LPA
• Spending pattern:
  • Online shopping & food delivery
  • Fuel & domestic travel (flights a few times a year)
  • Utility bills & subscriptions

Current Cards

• ICICI Amazon Pay
• Kotak I League
• PNB RuPay Platinum
• SC Smart
• SBI SimplyClick
• Axis Airtel
• Axis Ace
• HDFC Swiggy Card
• Yes Bank Finbooster
• Federal Signet
• HSBC Platinum
• AU LIT

What I’m looking for

• A good mix of reward points/cashback for daily spends
• Decent travel benefits (airport lounge, flight offers), but I don’t usually stay in luxury hotels so not sure if points programs are worth it right now
• A practical, value-for-money setup (premium cards maybe in the future, but not right now)

Questions

1. Which cards should I close and why? (I’m considering closing PNB, Kotak, and Yes Bank—mainly because of low utility and overlap, but open to suggestions)
2. Are there any must-have cards I’m currently missing and would be eligible for?

Thanks in advance for the help!

You are missing sbi cashback

 

[Tushar2206]

Convert your airtel into rupay variant.
Try to get HDFC core card .

Any suggestions for the HDFC core card? - Sorry forgot to mention Airtel Axis is Rupay Variant. 😁

 

[TripleAce]

As a matter of fact, I only have one card among the heaps that you have listed so I’m in no place to suggest anything.
You can either work around with your existing cards after taking the valuable advice of TF experts or you can add a couple of cards which are no brainers.
First is SBI cash back as rightly mentioned by @Aniket Sharma Ji and second would be core HDFC Millenia if you want to stay put in the HDFC ecosystem and aim for higher cards in the near future.
Cheers and all the very best brother 🍀

 

[komal]

Any suggestions for the HDFC core card? - Sorry forgot to mention Airtel Axis is Rupay Variant. 😁

For core card don't know how will you get millennia or any good variant card but you can get Rupay credit card and freedom credit card BOTH LTF in payzapp and Paytm respectively.

 

[cardnoob24]

Hey everyone,


I’m currently trying to optimize my credit card portfolio and would love some advice from people who have experience balancing rewards, benefits, and fees.


Profile

• Age: 24
• Income: 10 LPA
• Spending pattern:
  • Online shopping & food delivery
  • Fuel & domestic travel (flights a few times a year)
  • Utility bills & subscriptions

Current Cards

• ICICI Amazon Pay
• Kotak I League
• PNB RuPay Platinum
• SC Smart
• SBI SimplyClick
• Axis Airtel
• Axis Ace
• HDFC Swiggy Card
• Yes Bank Finbooster
• Federal Signet
• HSBC Platinum
• AU LIT

What I’m looking for

• A good mix of reward points/cashback for daily spends
• Decent travel benefits (airport lounge, flight offers), but I don’t usually stay in luxury hotels so not sure if points programs are worth it right now
• A practical, value-for-money setup (premium cards maybe in the future, but not right now)

Questions

1. Which cards should I close and why? (I’m considering closing PNB, Kotak, and Yes Bank—mainly because of low utility and overlap, but open to suggestions)
2. Are there any must-have cards I’m currently missing and would be eligible for?

Thanks in advance for the help!

CHECK THIS OUT YOU MAY LIKE IT https://www.technofino.in/community...e-my-credit-card-portfolio.36006/post-1106299

 

[sahil1033]

Close current Yes Bank CC and get Kiwi Yes Bank RuPay CC as Yes Bank only allows one card and Kiwi Yes Bank RuPay CC is a must if you can spend upwards of Rs. 1 lakh in a year. Currently, you can get Rs. 800 worth benefit using referral. (DM for referral)

You can close Axis Bank Ace CC if it's not LTF. If you want a core card from Axis Bank, try getting My Zone / Neo which is available LTF time to time. Currently Axis Bank Privilege CC on American Express network is being given LTF.

You can include SBI Cashback CC and HSBC Bank Live+ CC in your portfolio, both are PAID cards with Rs. 1k annual fee but highly worthy.
SBI Cashback CC will take care of online spends @ 5% cashback and HSBC Bank Live+ CC will take care of dining, grocery @ 10% cashback and offline spends at 1.5% cashback which makes Axis Bank Ace CC of no use. So, you can close Axis Bank Ace CC easily now but try keeping a core card from Axis Bank if instant discount from SALE is essential for you. (I don't know if Airtel Axis Bank CC is excluded from SALE offers or not but Flipkart Axis Bank CC is excluded for sure)

In context of SALE, you can take a core card each from HDFC Bank and ICICI Bank. My suggestion would be to take HDFC Bank Millenia CC and in case of ICICI Bank, if you're from an alumni of premier institution, you can easily get Sapphiro CC LTF.

Hope this helps!