Need Advice: Which Credit Cards Should I Close or Keep?

[cardy]

Hi everyone,
I’ve ended up with quite a few credit cards over time and want to streamline my wallet. Here’s my current portfolio, along with their annual fees:

Bank	Card Name	Network	Tier	Fees (₹/year)
Axis	Magnus Burgundy	MasterCard	World	0 / till I have burgundy status	Highly Used
ICICI	Emerald Private Metal	MasterCard	World	12,500	Highly Used
HDFC	Regalia	MasterCard	World	0	Rarely Used for HDFC offers
Federal	Scapia	Visa	Signature	0	Rarely Used for International Travel, backup for M4B
HDFC	Tata Neu Infinity	RuPay	Select	0	Highly Used for UPI
ICICI	Amazon Pay	Visa	Platinum	0	Rarely Used
ICICI	Platinum	Visa	Platinum	0	Rarely Used
HDFC	Swiggy	MasterCard	Platinum	0	Moderatly Used, before EPM
Axis	Flipkart	Visa	Signature	0	Rarely Used
Axis	Rewards	Visa	Platinum	0	Moderatly Used, for Swiggy
IDFC	First Wealth	Visa	Signature	0	Not sure where to use
IndusInd	Pinnacle	MasterCard	World	0	Not sure where to use
RBL	Shoprite	Visa	Platinum	0	Not sure where to use

What I’m Looking For:

• Should I close any of these cards?
• Any cards here you consider redundant, not worth it, or hard to justify due to recent devaluations or benefit changes?
• Is there any downside to keeping so many zero-fee cards?

You can close many card here since you have better cards. But do you actually need to close them, is matter of fact. Since you have mostly sought for premium cards except infinia you don't have that kind of pressure on you to close any of them. And since you are managing this cards well you don't seem to need any sbi cards and if over leverage is not an issue for you, you should keep all the cards in your portfolio.

I would have keep all of them.

 

[BVCBVC is verified member.]

Most of them suggested what to remove. @PointsProfessors

I suggest you to add any SBI LTF card (For merchant offers), any Amex card once the applications open up. Because you can diversify your voucher game with Amex. Not sure you have fuel requirements, if Yes consider adding any Fuel card from SBI Octane on Rupay which can be helpful for fuel spends and as well adding SBI to your portfolio. (Just check Leverage for SBI Cards)

Last but not least request HDFC to convert Regalia to Regalia Gold.

 

[cardio_guycardio_guy is verified member.]

? ? ?
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All I am trying to say : ” don’t overly depend on EPM.. things can change in a single day.. you advised him to close 5 different card just based on one single card ie EPM.. that too all are LTF and he didn’t mention anything about over leverage situation… this I think is a bit aggressive move…

OK bro. Agree with you.

 

[sunit123]

Someone suggested to close Pinnacle...Wrong advice....Pinnacle is required for zero MAB indusind exclusive account for VISA signature debit card (zero forex and zero ATM withdrawal charges internationally) and scapia is credit card.....Pinnacle will help to get zero forex debit card and scapia is used as a credit card for foreign trips..

Also it is very illogical advice to close amazon ICICI CC

Do not listen to anyone on this forum....Think twice before closing any CC...You will not get closed card again....Anyone can give any illogical and irrational advice....It is FREE

Also check impact on your CIBIL score...Do not close OLDEST CARDS in your portfolio

 

[sunit123]

Don't trust anyone who tell you to close LTF cards...especially ICICI AMAZON.. because they will never do it personally

Halwai apni mithai khud nahin khata.

 

[Jatayu]

Someone suggested to close Pinnacle...Wrong advice....Pinnacle is required for zero MAB indusind exclusive account for VISA signature debit card (zero forex and zero ATM withdrawal charges internationally) and scapia is credit card.....Pinnacle will help to get zero forex debit card and scapia is used as a credit card for foreign trips..

Also it is very illogical advice to close amazon ICICI CC

Do not listen to anyone on this forum....Think twice before closing any CC...You will not get closed card again....Anyone can give any illogical and irrational advice....It is FREE

Also check impact on your CIBIL score...Do not close OLDEST CARDS in your portfolio

Exactly same thing I wrote just before you about Pinnacle. It's a very useful cc for getting Zero Mab Exclusive a/c & Signature dc.
Plus my favourite Swiggy cc that too Ltf & Amazon Pay. Whoever closes these cc commits a crime 😂

 

[_ayush]

I have closed APay when I got Infinia. Combined with 2 Infinia add ons, i get 30k apay, 30k asv monthly. Have SBI cashback as well. Can anyone explain why its illogical or a crime to close apay card?
Edit - reason behind closing it was it occupied a good chunk of my total credit limit.

 

[Jatayu]

I have closed APay when I got Infinia. Combined with 2 Infinia add ons, i get 30k apay, 30k asv monthly. Have SBI cashback as well. Can anyone explain why its illogical or a crime to close apay card?
Edit - reason behind closing it was it occupied a good chunk of my total credit limit.

Amazon Pay have always been the one giving RPs on insurance payments, govt txn and what not. Combined with Prime, unlimited 5% cb on Amazon orders plus 2% on bills without prime too. That too Ltf for all. Plus >4L CL gives you Zero Mab Family 360 account also which gives you a dc which provides lounge access to even guests also that too Ltf and w/o any spend criteria....So gen population like us loves Apay cc and never think of closing it.
But exceptions are always there like Infinia holders. You guyz are like less than 1% of whole TF so can do anything & Infinia will make it right 😂

 

[akiratoriyama]

Honestly, except rbl shoprite and even that might be useful for rbl bank offers, no other card seems worth closing. Icici platinum will be useful for icici card offers when EPM is already used once. Anyways no point in closing a lifetime free card.