Looking for Advice on Tweaking My Credit Card Portfolio - Suggestions for Closures or Additions?

[Hell_Kitty]

Hey everyone,

I’m hoping to get some input on my current credit card lineup. I’ve been thinking it might be time to clean things up a bit—maybe close a few cards, make some changes, or even add something new that I’m missing.

Here’s a quick rundown of what I have right now:



Typical Monthly Spends are as below

1. Gold Scheme: ₹40,000
2. Groceries: ₹10,000
3. Dining Out: ₹5,000
4. Fuel: ₹6,000
5. Utilities (electricity, internet, water.): ₹2,500
6. Small Kirana Shops via UPI: ₹3,000

Yearly spends are as below

1. Insurance: ₹5,00,000

I really appreciate any advice you’ve got!

Closed below cards this month

 

[Anindya98]

• Utility: Airtel Axis Rupay Variant
• UPI: Airtel Axis Rupay Variant for 1% cb
• Insurance: Amazon Pay Voucher using EMP, Infinia & SBI CB
• Dining & Grocery: Swiggy HDFC will work if you use the Swiggy platform.

 

[tachniki]

HSBC Live plus will give 10% cashback on grocery and dining out upto 1k per month.

 

[cardio_guycardio_guy is verified member.]

You can close Indusind Pinacle if you are not using it.

 

[Hell_Kitty]

You can close Indusind Pinacle if you are not using it.

Indusind I took the card because of 0MAB exclusive account with Pinnacle. With the recent trends at bank planning to close altogether and shift to IDFC First Wealth or Private.

 

[nilaychindaliya]

Need help in optimization of my card portfolio annual spend more than 4l

 

[Anindya98]

Need help in optimization of my card portfolio annual spend more than 4l

Share the category also, for better suggestions, and which ones are paid or LTF.

 

[Lucifer311]

which card are you using for Gold Scheme payment?

 

[Hell_Kitty]

which card are you using for Gold Scheme payment?

ICICI Emerald Metal

 

[Lucifer311]

Any other cards you know, which give reward point for gold scheme payment?

 

[PrinceHeart]

• Utility: Airtel Axis Rupay Variant
• UPI: Airtel Axis Rupay Variant for 1% cb
• Insurance: Amazon Pay Voucher using EMP, Infinia & SBI CB
• Dining & Grocery: Swiggy HDFC will work if you use the Swiggy platform.

Insurance i can use emeralde pvc for 1L each, get 1k points max per transaction @ 1% yes ?

Plus i get 1180 cb extra.

Going thru the amazon vouchers route, how much i will be saving ? Or any other way ?

 

[PrinceHeart]

Any other cards you know, which give reward point for gold scheme payment?

Ye gold scheme kya hai ?

 

[Hell_Kitty]

Any other cards you know, which give reward point for gold scheme payment?

HDFC Millenia used to give flat 1% cashback points which users can redeem as cashback at 1RP = 1INR. Now I am not sure as I haven't used in past 1 year. Now I see many banks have excluded jewelry purchase. Anyone using HDFC Millenia can confirm.

 

[Lucifer311]

Ye gold scheme kya hai ?

It's like Monthly SIP towards Planned purchase of Gold Jewellery from certain brand store.

 

[PrinceHeart]

It's like Monthly SIP towards Planned purchase of Gold Jewellery from certain brand store.

Aah.. like pay 11 months and get 12months worth of money to buy jewelleries from that store ?

Bachpan mein suna tha. Didnt knew it still exists.

Can do this online and pay with cc ?

 

[Hell_Kitty]

Aah.. like pay 11 months and get 12months worth of money to buy jewelleries from that store ?

Bachpan mein suna tha. Didnt knew it still exists.

Can do this online and pay with cc ?

y e s

 

[Anindya98]

Going thru the amazon vouchers route, how much i will be saving ?

Via Amazon Pay, now you can pay max 25K a month.

Or any other way ?

Direct charges added

 

[PrinceHeart]

Via Amazon Pay, now you can pay max 25K a month.

Direct charges added

So paying with emeralde pvc gives the highest % back for 1L premium ?