Regret after closing Credit Card - Share your experience

[RockyBond]

We all post how to get credit cards here . But sometimes we close existing credit cards and then regret later thinking it was a big mistake.

Let's share our experiences so we can learn from them.

My regret - Closing One Card as it was FD based. After using for an year closed it but then one card never gave me a card . Really regret as I will miss one card offers and probably never get it again.

 

[CardTox]

Closed yes bank card 2 months ago and they are issuing LTF rupay card complimentary. Now regretting.

There is a catch behind it. They are issueing rupay card LTF, so people will use rupay cc only and will not able to achieve yearly target to wave off the annual fee!! I have First exclusive and i have to spend 3l to get my fee wave off, now onwards i will do my most of the expenditures from Yes rupay via upi and will end up in giving them 1,999 annual fee!!!!

 

[CardTox]

I closed Axis Select at right time (just one week before the annual fee charges) and Axis Flipkart after getting SBI cashback.... in both the cases, no regret! Now I will be closing Magnus before its renewal, probably i will regret then just not to have this card but i will not pay 12.5k as its annual fee....

 

[rogerthat]

First of all, kudos on a different kind of thread!!. Not everything should be about loots and deals 😋

I kinda regret closing Moneyback card earlier this year, because now I realise the stupid rule HDFC has about not giving core card to someone who has a Co-branded card (Tata Neu).

But at the same time it saved me ₹500/yr. And I replaced it with StanChart Smart CC which is giving me a good amount of cashback far more than moneyback ever gave.

Wow are you sure about this? I thought you can have two HDFC CCs one core and one co-branded? Or is it that you can get a co-branded card if you have a core card and not the other way around?

 

[BeingIncog]

Or is it that you can get a co-branded card if you have a core card and not the other way around?

Mostly yes. You can't get or not easily get core card after co-branded.

 

[Akashn]

If i close HDFC tata neu card will i get pre approved offers in future? I don't want to regret this later 😂

 

[AritraSaha]

If i close HDFC tata neu card will i get pre approved offers in future? I don't want regret this later 😂

 

[m4b]

I got an upgrade offer from SmartEarn to Platinum Travel last year. I didn't accept. regretting hard

 

[rogerthat]

Mostly yes. You can't get or not easily get core card after co-branded.

Oh well there goes my grand plan of closing my useless Diners Club Privilege and trying for Infinia or atleast Regalia Gold. 😕

Or should I close both DCP and Tata Neu cards? I've found Tata Neu to be pretty useless as I don't do Tata brands.

 

[SSV]

Oh well there goes my grand plan of closing my useless Diners Club Privilege and trying for Infinia or atleast Regalia Gold. 😕

Or should I close both DCP and Tata Neu cards? I've found Tata Neu to be pretty useless as I don't do Tata brands.

You may find the info in this thread useful

Thread 'Anyone got HDFC Core Card as a Second Card after having HDFC Tata Neu card as their first ever (Debut) Card' https://www.technofino.in/community...eu-card-as-their-first-ever-debut-card.15120/

 

[greenmail007]

Closed SBI cash back, no regrets

 

[suhasa010]

Wow are you sure about this? I thought you can have two HDFC CCs one core and one co-branded? Or is it that you can get a co-branded card if you have a core card and not the other way around?

The latter, yes.

Anyone got HDFC Core Card as a Second Card after having HDFC Tata Neu card as their first ever (Debut) Card

Want to know if anyone got (either thru pre approved / online/ offline) a HDFC core card like regalia, Millinea etc as their 2nd card after having the Tata Neu Card as their first ever card? If anyone got a card like this, then it would be contrary to the following HDFC's advice in response to...

www.technofino.in

 

[SSMV]

There is a catch behind it. They are issueing rupay card LTF, so people will use rupay cc only and will not able to achieve yearly target to wave off the annual fee!! I have First exclusive and i have to spend 3l to get my fee wave off, now onwards i will do my most of the expenditures from Yes rupay via upi and will end up in giving them 1,999 annual fee!!!!

How can I request for yes bank rupay credit card as I already have Yes bank BYOC card

 

[iamnisanth]

There is a catch behind it. They are issueing rupay card LTF, so people will use rupay cc only and will not able to achieve yearly target to wave off the annual fee!! I have First exclusive and i have to spend 3l to get my fee wave off, now onwards i will do my most of the expenditures from Yes rupay via upi and will end up in giving them 1,999 annual fee!!!!

What if we close the existing card once we receive the rupay one assuming that rupay card will be eligible for all merchant offers?

 

[Strange]

How can I request for yes bank rupay credit card as I already have Yes bank BYOC card

Post in thread 'YES BANK Virtual RuPay Credit Card launched' https://www.technofino.in/community...-rupay-credit-card-launched.15716/post-294707

 

[CHOCOPANDA]

what are onecard specific offers which are not available to other cards you people missing, could someone share?

one plus ke website pe one plus nord pe flat 10% or 1000rs discount tha. best for one plus mobile purchase from one plus website. dont woory if u have icici credit card. it was also there continuously. i dont have both

 

[CHOCOPANDA]

Downgraded magnus to privilage ..sometimes i feel low but later i realize i don't deserve magnus

u got hdfc irctc bro. i think u r the 1st customer to try that card

 

[chenrichy]

There is a catch behind it. They are issueing rupay card LTF, so people will use rupay cc only and will not able to achieve yearly target to wave off the annual fee!! I have First exclusive and i have to spend 3l to get my fee wave off, now onwards i will do my most of the expenditures from Yes rupay via upi and will end up in giving them 1,999 annual fee!!!!

Why you are holding YFE card as paid? just close and move on to other UPI cards

 

[NOOBY]

SBI Prime (free)

That's nice, how did you get it as LTF ?

 

[Tensor]

That's nice, how did you get it as LTF ?

SBI used to run campaigns at my workplace few years back. I was offered Doctors SBI Card free. Did a bit of negotiation and got Prime. Similarly a very senior executive from ICICI got me Sapphiro and Emeralde Amex, both LTF. Later I closed Sapphiro as both had overlapping benefits.

 

[yolofino]

Closed Amex SmartEarn, no regrets now, regretted a bit last year though.

Closed OneCard, no use.

Will be closing SBI Simplyclick next year before the annual charges are levied.

Might close Axis Freecharge card as well as I also hold Axis MyZone & Axis IOCL Rupay - both LTF.

After getting the Yes Bank Rupay cc, will close the Yes Bank BankBazaar cc (it's LTF btw)