I have 21 cards, which should I close?

[Jaded]

I have 21 credit cards and the total limit is now 75L. I've decided to close a few to reduce leverage because some banks don't seem to be willing to give cards if someone has too much credit limit. The cards I intend to close are:

1.BOB Onecard: good limit, but pretty useless now

2. RBL world safari: FYF Low limit and I have better card for the forex. Will either close or try to swap for an LTF card.

3. Swiggy card: Useful LTF card, but I have cards that give me the same benefits. Because I have other 2 HDFC cards with a shared, this won't reduce my credit limit, but at least I'll be able to apply for some other HDFC credit cards in the future.

4. SCB rewards: Technically already closed, but SCB hasn't updated my CIBIL for 2 years, escalating with them about this.

5. Utkarsh Supermoney: secured card, just took it to check the cashback

Apart from the above, I have these cards
1. Amazon ICICI: My oldest credit card.

2. Regalia Gold: For lounge and HDFC offers

3. Tata Neu Infinity: don't have a better rupay card

4. Icici rubyx rupay: would close this, but it won't change my shared credit limit and icici doesn't seem to have a credit card limit, so keeping it doesn't change anything.

5. Yes Bank Gold X: For zero forex

6. Roarbank card: great cashback for the selected monthly categories.

7. Amex MRCC paid: only 1,500 annual fee due to referral, and I usually get the partial or full fee waiver due to spend.

8. SBI cashback paid: online cashback, fee gets reversed

9. SBI Simplysave(FYF): Took it for SBI offers. Trying to turn it LTF, will most likely transfer the balance and close if that doesn't work.

10. HSBC Live+ (paid): lovely cashback, fee gets reversed due to spend.

11. HSBC platinum: not sure if I should close this, sees use sometimes when HSBC Live+ isn't usable for HSBC offers

12. IndusInd Legend: took for Indusind offers, thinking of splitting it into two cards, Tiger and some other IndusInd card.

13. IDFC First select: barely see any use of this, was planning to upgrade it to Wealth once I meet the balance criteria, but not sure if that's useful for me or not.

14. Axis Airtel (paid): the cashback limit is pretty low, but there doesn't seem to be any better options for now for utility and mobile recharges.

15. AU Vetta: The most useless card I have. Would close it, but AU has a one card issual only policy.

16. ICICI's Sapphiro credit card: Use it mainly for BOGO and icici offers. Reducing the limit from 16L to 3L via Imobile, as I heard that changing that updates the cibil limit in cibil.


Any suggestions as to what other cards I could close? I was thinking of closing Amazon as well, but my parents use that card, they like seeing the cash coming in their Amazon account wallet rather than using my SBI cashback lol.

My Axis account is getting upgraded to Burgundy, so I'll probably be able to get an Axis Select card on a shared limit if I want to which I can use for Axis offers, but does Axis report shared limit cards separately like HDFC?

After closing the cards I mentioned and reducing ICICI's limit, my total credit limit will reduce from 75L to about 41L. Will bank's like SBI/Federal/BOB still consider me overleveraged? And are there other cards I have which would reduce my credit card limits and later increase easily, like ICICI?

 

[chinnodu]

ICICI Amazon Pay because you have other two cashback cards

AU Vetta

Saphiro as devalued

IDFC Select. Not of use even if you get Wealth also except for BOGO

BoB One Card also. Nice decorative piece only

 

[iamabhisekagar]

Replace these cards:
RBL world Safari with Scapia CC

Indusind Legend with Axis Amex Privilege LTF
(Purely for Pathetic customer support) Also BOGO upto Rs 250 via District App

Axis Airtel With Amex Gold Charge (when fresh applications resumes)

 

[Slayer]

ICICI Amazon Pay because you have other two cashback cards

Bottom tier advice

 

[Bat_ford]

Since ICICI Amazon Pay card is your older card, wont closing it affect your cibil score?

 

[great]

Will bank's like SBI/Federal/BOB still consider me overleveraged? And are there other cards I have which would reduce my credit card limits and later increase easily, like ICICI?

Federal - will consider, Scapia i doubt. Same with me.. i got Federal celesta (around 1 year back when my total limit was around 1cr) but Scapia rejected last month, Reason dont know)
SBI - rejected twice (probably due to over leverage)
bob - dont know.

You have latest card like utkarsh, gold x, roarback so overleverage will not in play much

 

[Slayer]

Since ICICI Amazon Pay card is your older card, wont closing it affect your cibil score?

Doesnt matter when you have 21 cards

I have 1 cr hl so nothing moves the needle anyway

 

[cardio_guycardio_guy is verified member.]

I think you can close whatever you didn't use for more than 1 year.

 

[HumorSimpson]

Amex MRCC paid - close it.
super - close it.

 

[Jaded]

Amex MRCC paid - close it.
super - close it.

Definitely going to close super. But why MRCC? Because I had got it ina referral quite some time ago, the annual fee is 1.5k, which is then cut in half because I easily reach the first threshold of 90k.

I think you can close whatever you didn't use for more than 1 year.

Most of the cards that I took for bank specific offers would get closed then lol.

Federal - will consider, Scapia i doubt. Same with me.. i got Federal celesta (around 1 year back when my total limit was around 1cr) but Scapia rejected last month, Reason dont know)
SBI - rejected twice (probably due to over leverage)
bob - dont know.

You have latest card like utkarsh, gold x, roarback so overleverage will not in play much

Getting a little confused, are you saying that Federal will consider me overleveraged or will it consider giving me a card?

SBI definitely considers me overleveraged, originally wanted Simplyclick, but they rejected that so had to split the SBI cashback limit and take simplysave instead. BOB rejected me after I entered my details even before I selected which card I want lol...

Since ICICI Amazon Pay card is your older card, wont closing it affect your cibil score?

It will, but wouldn't be a major drop. If my parents ever agree to use my SBI cashback instead of Amazon, I would definitely consider closing it.

ICICI Amazon Pay because you have other two cashback cards

AU Vetta

Saphiro as devalued

IDFC Select. Not of use even if you get Wealth also except for BOGO

BoB One Card also. Nice decorative piece only

BOB One definitely. But Sapphiro has the best BOGO offer among my cards, unless I'm missing something. Could consider IDFC as well as I don't see many bank offers, I can always get Wealth later. After someone closes an AU card, it's not possible to get another AU card in the future, which is why I haven't closed Vetta yet. AU confirmed that it's possible to swap the card to Ixigo, waiting to find out if there are other cards like AU Kosmo that I could possibly swap for.

Replace these cards:
RBL world Safari with Scapia CC

Indusind Legend with Axis Amex Privilege LTF
(Purely for Pathetic customer support) Also BOGO upto Rs 250 via District App

Axis Airtel With Amex Gold Charge (when fresh applications resumes)

Scapia rejected me... That's why I got GoldX for the zero forex markup benefit.

Had not known about the BOGO through District App. Is Amex Privilege better than Axis Select if both are LTF?

Is Amex Gold good for utility bills? Hadn't known that, could you tell me more? Would consider closing my MRCC in favour of Gold as well if that's the case and moving my spends there.