Need Suggestions for Credit Cards Closure

[Anil_Singh]

Well, I am new to this community but not to the community world. So, first of all, my greetings to everyone.

Coming to the point, I have the following credit cards which were pre-approved and sent to my address upon video kyc verification. Income proof wasn't even asked once. Though, I have ITR of previous 5 years.

As of 29/11/2022, I have

SBI SimplyCLICK Credit Card : Limit - 2.4L, Age - 1 Y 6 M, Paid (annual fees reversal easily achieved)
BPCL SBI Credit Card : Limit - 34K, Age - 6 M, Paid (annual fees reversal easily achieved)
IRCTC SBI Platinum Credit Card : Limit - 22K, Age - 1 Y 11 M, Paid
Federal Bank OneCard Credit Card : Limit - 1.8L, Age - 1 Y 2M, LTF
RBL Zomato Edition Classic Credit Card : Limit - 96K (shared with DUET), Age - 6 M, LTF
RBL Bank Paisabazaar Duet Credit Card : Age - 2 M, LTF
Kotak League Platinum Credit Card : Approved, will be dispatched in 3-5 days. LTF

I first got IRCTC SBI CC with 1.2L limit. Then after a few months, I was offered a limit increase along with an additional SimplyCLICK CC. So, while getting SimplyCLICK CC, I kept IRCTC SBI CC limit at 22K because I was shifting all my spends to SimplyCLICK CC. Meanwhile, I also got OneCard CC. 6 Months ago, I was again offered a limit increase along with BPCL SBI CC. I took the card for its welcome benefits offered for me (Rs.1000 Amazon Gift Voucher + 2000 reward points).

Now, its renewal time for the IRCTC SBI CC. So, I would like to close it because I already have 2 other SBI credit cards. Also, the rewards IRCTC SBI CC provides has no use for me. If I close this card, will the limit gets transferred to one of the other cards? And also what about credit age? Effect on CIBIL?

Should I close BPCL SBI CC too? BPCL SBI CC gives slightly better rewards at departmental stores than SimplyCLICK CC.

Also, need suggestions on Zomato CC. Now, it has zero value for me after devaluation. Swiggy gives more discounts on OneCard/SBI CC/Federal CC etc. Even Zomato have offers on OneCard/SBI CC/Federal CC etc. Although, Zomato CC is LTF for me. Anyhow I have LTF Duet CC from RBL that gives direct 1% unlimited cashback (not capped at 250 anymore) in statement.

I am planning to apply for Amazon Pay ICICI Credit Card, Flipkart Axis Bank Credit Card and one from HDFC as well in coming month(s). Any suggestion will be of much helpful.

 

[anish1516]

Well, I am new to this community but not to the community world. So, first of all, my greetings to everyone.

Coming to the point, I have the following credit cards which were pre-approved and sent to my address upon video kyc verification. Income proof wasn't even asked once. Though, I have ITR of previous 5 years.

As of 29/11/2022, I have

SBI SimplyCLICK Credit Card : Limit - 2.4L, Age - 1 Y 6 M, Paid (annual fees reversal easily achieved)
BPCL SBI Credit Card : Limit - 34K, Age - 6 M, Paid (annual fees reversal easily achieved)
IRCTC SBI Platinum Credit Card : Limit - 22K, Age - 1 Y 11 M, Paid
Federal Bank OneCard Credit Card : Limit - 1.8L, Age - 1 Y 2M, LTF
RBL Zomato Edition Classic Credit Card : Limit - 96K (shared with DUET), Age - 6 M, LTF
RBL Bank Paisabazaar Duet Credit Card : Age - 2 M, LTF
Kotak League Platinum Credit Card : Approved, will be dispatched in 3-5 days. LTF

I first got IRCTC SBI CC with 1.2L limit. Then after a few months, I was offered a limit increase along with an additional SimplyCLICK CC. So, while getting SimplyCLICK CC, I kept IRCTC SBI CC limit at 22K because I was shifting all my spends to SimplyCLICK CC. Meanwhile, I also got OneCard CC. 6 Months ago, I was again offered a limit increase along with BPCL SBI CC. I took the card for its welcome benefits offered for me (Rs.1000 Amazon Gift Voucher + 2000 reward points).

Now, its renewal time for the IRCTC SBI CC. So, I would like to close it because I already have 2 other SBI credit cards. Also, the rewards IRCTC SBI CC provides has no use for me. If I close this card, will the limit gets transferred to one of the other cards? And also what about credit age? Effect on CIBIL?

Should I close BPCL SBI CC too? BPCL SBI CC gives slightly better rewards at departmental stores than SimplyCLICK CC.

Also, need suggestions on Zomato CC. Now, it has zero value for me after devaluation. Swiggy gives more discounts on OneCard/SBI CC/Federal CC etc. Even Zomato have offers on OneCard/SBI CC/Federal CC etc. Although, Zomato CC is LTF for me. Anyhow I have LTF Duet CC from RBL that gives direct 1% unlimited cashback (not capped at 250 anymore) in statement.

I am planning to apply for Amazon Pay ICICI Credit Card, Flipkart Axis Bank Credit Card and one from HDFC as well in coming month(s). Any suggestion will be of much helpful.

Apply for SBI Casback card it gives you 5% cashback on 99.9% online transactions apart from utilities so better than Axis FK atleast which is now a chargeable card. Also the reversal is at just 2L which is easy to achieve. You can get ICICI Amazon as it’s LTF. Close all other SBI cards and keep just 1 apart from the SBI cashback card . RBL cobranded cards are also useless I believe. You can also try getting IDFC cards which are LTF right now.
If you want to get Axis there are couple of good cards being offered LTF by Axis right now (Myzone and Indian Oil).

 

[Anil_Singh]

Apply for SBI Casback card it gives you 5% cashback on 99.9% online transactions apart from utilities so better than Axis FK atleast which is now a chargeable card. Also the reversal is at just 2L which is easy to achieve. You can get ICICI Amazon as it’s LTF. Close all other SBI cards and keep just 1 apart from the SBI cashback card . RBL cobranded cards are also useless I believe. You can also try getting IDFC cards which are LTF right now.
If you want to get Axis there are couple of good cards being offered LTF by Axis right now (Myzone and Indian Oil).

Yes. Will be going for cashback + simplysave combo from SBI. IDFC guys irritates every now and then for pre-approved personal loan based on long-closed flipkart bnpl. I can ask for credit cards. Waiting for Flipkart Axis LTF offer.