https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10591902#post_10591902
Trimming of credit card portfolio
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I started my credit card journey around BBD/GIF sale 2021 my initial cards were Flipkart axis and Apay icici from than i applied multiple cards mostly approved but some rejected. Now i want to close some of my cards as they are lying idle most of the times although most of my cards are Life time free still does it make sense to hold card fore the sake of LTF even if they will be used only once/twice a year? Below are the cards i am holding right suggest me which should i choose to continue
- Axis flipkart (ltf) will not close
- Axis rewards (paid) migrated from citi rewards will definitely close when card anniversary month come
- Icici Apay (ltf) will not close
- Icici platinum (ltf)
- Icici coral rupay (ltf)
- Yes bank kiwi (ltf)
- Hdfc tataneu plus (ltf) thinking to close
- Hdfc swiggy (ltf) will not close for now
- Hdfc rupay moneyback plus (paid)
- Rbl shoprite (ltf) thinking for closure also Rbl reduced 90% card limit around 6-7 months ago
- Kotak leauge rupay(ltf)
- Kotak digital upi rupay (ltf)
- Indusind legend (ltf) has a surrogate select account with it which earlier used to give 20% off on bigbasket through debit card which is now stopped so thinking to close both accout and card
- Indusind rupay platinum (ltf) if i close legend will it be possible to transfer it’s limit into this card
- Idfc classic (ltf) kepping for railway lounge access
- Idfc powerplus (paid) don’t know why i applied for this card as i don’t own any kind of vehicle but still achieved it’s annual fee waiver for this year so hold it for now also has anyone tried to convert it into ltf
- Pnb rupay platinum (ltf) although i wanted rupay select but agent convinced me to apply this one for better appoval chances using occasionally on blinkit for 15% discount but not going to hold this for long
- Sbi ola (ltf) although this card is waste but keeping it for sbi offer during sales
- Sbi cashback (ltf) will not close
- Bob select (ltf)
- Bob snapdeal rupay (paid) after recent devaluation not able to decide to keep it or not
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https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10591918#post_10591918
If u consider my opinion then close mentioning below...
Axis rewards, icici platinum (no use if u have coral), if u get tata infinity then good otherwise close tata neu plus , hdfc Swiggy (same no use if u have sbi cashback) , rbl shoprite (no use), indusind legend (service is bad, if u can adjust with service then keep it), indusind rupay, idfc power plus, sbi ola (faltu card), bob snapdeal (only few use snapdeal, so no use)...
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10592653#post_10592653
HDFC Swiggy is good for Swiggy spend. Flat 10% after using other coupons. I do frequent orders from Instamart.
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10591931#post_10591931
Had decent spends on both cards so asked for closure one by one than they offered to convert to ltf
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https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10591927#post_10591927
Please close:
Icici platinum
Kotak digital rupay
Indusind rupay
Sbi ola as you have sbi cashback
Dont close:
Indus legend it has posvine offers and free airport lounge
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10591936#post_10591936
If i close sbi ola than i will be without any sale discount card from sbi also if i chose to close indusind rupay than is it possible to transfer it’s limit to legend? and what is poshvine offer on legend?
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https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10591991#post_10591991
you can close 2, 4, 7, 10, 16, 17, 21
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10591997#post_10591997
21 cards,how u manage 😳 .get a super premium one n u wont need such LTF card even
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10592010#post_10592010
Suggest a few keeping in mind i don’t usually fly and book hotels only online shopping
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10592017#post_10592017
But keeping cards only for sake of ltf is worth it?? Even if most of the time it will remain idle
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https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10592356#post_10592356
yes keep all of the LTF. as already by above suggestions from many dimers, no harm in keeping LTF cards:) just keep it:) as you are not using much of them you really dont have much to manage:)
if you used all the cards its headache to manage but you are using few cards and keeping LTF cards IDLE which is fine:) so keep them is my opinion too (no harm)
ONLY FOR PAID CARDS YOU CONSIDER UPGRADING OR CLOSING THEM (IF YOU ARE NOT USING)
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10592385#post_10592385
But now a days banks has started reducing credit limit if card is not used for a longer duration
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https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10592580#post_10592580
Sorry bro but i am not comfortable in sharing card
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10593169#post_10593169
do 10rs in 6 months to keep the cards active, if there is still no usage till next Jan, close it
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10593172#post_10593172
Is not there minimum spend criteria for card to be ltf?
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10593428#post_10593428
No but certain cards can have conditions like for pnb it has to be used once every quarter
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10594185#post_10594185
@scorpion off topic: one of family member has idfc wow cc which has around 2600 rps what is the best to redeem them whole? as i am thinking of closing that card
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10594219#post_10594219
Just now raised closure request for tataneu plus (ltf)
https://www.desidime.com/discussions/trimming-of-credit-card-portfolio?post_id=10595664#post_10595664
It was paid but later converted ltf was raising card closure request
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Keep all the LTF credit cards and close Axis rewards, Idfc powerplus and Bob snapdeal rupay.
If u consider my opinion then close mentioning below...
Axis rewards, icici platinum (no use if u have coral), if u get tata infinity then good otherwise close tata neu plus , hdfc Swiggy (same no use if u have sbi cashback) , rbl shoprite (no use), indusind legend (service is bad, if u can adjust with service then keep it), indusind rupay, idfc power plus, sbi ola (faltu card), bob snapdeal (only few use snapdeal, so no use)...
HDFC Swiggy is good for Swiggy spend. Flat 10% after using other coupons. I do frequent orders from Instamart.