Credit card

[Siddh]

I have 2 fuel credit card have limit of 32000 & 53000 so I have to use full limit every month ? Or can I use little bit?
My uses was only 5-7 thousand everyone month
So can I close 1credit card ?

 

[Bharatiya Nagrik]

I have 2 fuel credit card have limit of 32000 & 53000 so I have to use full limit every month ? Or can I use little bit?
My uses was only 5-7 thousand everyone month
So can I close 1credit card ?

Try to keep your credit utilisation ratio till maximum 30 percent. As your mentioned spending is below 30 percent it should be fine. Never use 100 percent because it will impact your credit rating.

 

[Siddh]

These cards are not really useful for me wt can I do

 

[Bharatiya Nagrik]

If you are not paying any annual fee that is if they are LTF then I suggest you can keep both cards. But if there are any charges associated with them then you can decide which one to keep and which one to close as per your requirement.

 

[Siddh]

Both cards have have 500 rs charges & gives redemption points on fuel
Which is best HDFC or SBI ? Both are fuel cards

 

[Bharatiya Nagrik]

HDFC n SBI are both good but it would make sense to keep the card with higher credit limit in use and close the lower credit limit one. The Bank might not want you to close the card and could give you the option downgrade the card to an LTF card. Try your luck.

 

[Skylar]

I have 2 fuel credit card have limit of 32000 & 53000 so I have to use full limit every month ? Or can I use little bit?
My uses was only 5-7 thousand everyone month
So can I close 1credit card ?

At least mention the card names so people can suggest to you which one is best.

- You don't have to use the full limit, you can use a little bit or completely stop using it, nothing will happen.

 

[Siddh]

HDFC Indianoil rupey card & SBI BPCL card