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Impact on cibil score by cc upgrade

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When you upgrade your oldest credit card , does your cibil score has a negative effect??
Upon upgrading your cc do you get a new card with same account number or does your older card account gets closed and you get new account number??
 
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Lakshya Mahani said:
Actually i was thinking to flip my father's simplysave card to BPCL as the card is of no use to us, just wanted to hold a sbi card for offers only.
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BPCL reward points redemption is limited. Amazon vouchers are expensive compared to simplysave and simplyclick. BPCL rewards are only good for fuel transactions/vouchers that too only at selected BPCL pumps. You won't get surcharge wavier and reward points at other fuel pumps. Research before upgrading.
 
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As Simplysave is not a rewarding card anymore( as they don't give RP on instant discount transactions and no accelerated RP on online spends), so it doesn't matter. Moreover, I wanted to have a fuel card( preferably SBI for instant discount online and low spend criteria W.R.T simplyclick).
 
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I got BPCL card offer along with 1000 Amazon voucher and 2000 reward points (redeemable at BPCL pumps). So, I got it with 10000 limit split from my simplyclick. Will use that card till I redeem those points and utilize voucher and then will close it. Will take 2 months according to me for this entire process. But I am ok with it because I will be getting 1000 Amazon voucher. Joining fees is compensated with 2000 reward points (500 worth petrol). So, no loss for me.
 
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Lakshya Mahani said:
As Simplysave is not a rewarding card anymore( as they don't give RP on instant discount transactions and no accelerated RP on online spends), so it doesn't matter. Moreover, I wanted to have a fuel card( preferably SBI for instant discount online and low spend criteria W.R.T simplyclick).
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BPCL card gives reward points on instant discount transactions?
 
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anilsingh8248 said:
BPCL card gives reward points on instant discount transactions?
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i am not sure, but the main reason to downgrade is that this card's fee waiver condition is to spend just 50k, also it gets applied on sbi online offers, i don't need this for RP, also will be using this card for fuel a few times as well.
Also, if i spend 1 lakh with any other card, i will get a minimum of 1000Rs(1%), which is not in the case of simplysave, but i am ok with spending 50k as it will waive off 500Rs fee for me.
 
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Lakshya Mahani said:
i am not sure, but the main reason to downgrade is that this card's fee waiver condition is to spend just 50k, also it gets applied on sbi online offers, i don't need this for RP, also will be using this card for fuel a few times as well.
Also, if i spend 1 lakh with any other card, i will get a minimum of 1000Rs(1%), which is not in the case of simplysave, but i am ok with spending 50k as it will waive off 500Rs fee for me.
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Also try for Amazon Pay ICICI credit card if you don't have it yet. Its reward value is far more better than simplyclick/simplysave/bpcl/1% cards. There was recently 'No documents required' notification in my Amazon app, applied for it, approved in 48 hours. Also, its an LTF card. I posted a thread about asking some info about it 2 days ago, but that thread got deleted. No idea why.
 
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anilsingh8248 said:
Also try for Amazon Pay ICICI credit card if you don't have it yet. Its reward value is far more better than simplyclick/simplysave/bpcl/1% cards. There was recently 'No documents required' notification in my Amazon app, applied for it, approved in 48 hours. Also, its an LTF card. I posted a thread about asking some info about it 2 days ago, but that thread got deleted. No idea why.
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Yeah. i have apay card with a decent limit of 1.20 lakhs, and you are absolutely correct that it is far more rewarding card than sbi cards, also i have hdfc millennia for backup purpose. If i spend 1 lakh in a quarter on hdfc millennia, i will get 1% cashback and 1k gv(milestone benefit), so yeah Sbi cards are no more rewarding.
Just needed a sbi card for instant discount, BPCL will easily do that.
 
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Lakshya Mahani said:
Yeah. i have apay card with a decent limit of 1.20 lakhs, and you are absolutely correct that it is far more rewarding card than sbi cards, also i have hdfc millennia for backup purpose. If i spend 1 lakh in a quarter on hdfc millennia, i will get 1% cashback and 1k gv(milestone benefit), so yeah Sbi cards are no more rewarding.
Just needed a sbi card for instant discount, BPCL will easily do that.
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You are utilizing cards to their maximum rewards. Thumbs up.
 
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