Need help building my credit card portfolio

[bhavyakjain]

Hello

I need help building my credit card portfolio.

Profile :
CIBIL : 782
Salaried
ITR : 33 L +
Net Monthly : 2 L +

Current Cards :
1. ICICI Amazon Pay : 8.5 L : LTF : Since Sep 22 (Will keep)
2. Axis Ace : 5 L : 590 : Since Apr 23 (Primary Card, Looking to convert to LTF)
3. ICICI Coral : 12 L : LTF : Since Mar 24 (Primary Card for UPI, Crappy card, looking to upgrade or replace with better)
4. AmEx Plat Travel : 8.93 L : 5900 : Since Mar 24 (FYF, Will close after 1st year)

Wishlist :
- IDFC Wealth / Select
- HDFC Regalia Gold / Millennia / Swiggy
- SBI Cashback
- Federal Celesta
- IndusInd Pinnacle / Legend
- SC Ultimate / Smart

Primary Concern :
- Looking for primarily LTF cards or cards who can pay for themselves
- Need a good UPI card
- Need card for taxes, insurance, government payments
- Primarily looking for cashback cards
- Domestic travel once per quarter, so not much use for lounge access
- Movie offers will be good to have

Current Plan :
- Use AmEx card to get IDFC Select (Wealth not being offered yet, do suggest any method to get it)
- Apply Celesta LTF (Was being offered sometime back)
- Legend LTF (Was being offered previously)

Feel free to recommend other cards taht I should add to my portfolio
Please let me know how I can get my desired cards as LTF

Thanks

 

[Vara Prasad]

Hello

Go for SC Smart as it will give 2% cashback directly on ANY online spend + you can convert any transaction into 3 month EMI at 0.99% interest rate and no processing fee at all.

Also as you don't have any kind of HDFC CC, checkout HDFC Tata Neu Infinity CC which gives 5% (as Neu coins that can be used in Tata brands) on any kind of Insurance payments and utility bill payments. 1.5% as Neu coins on any transaction. You can use this cards as your primary for UPI spends as it offers the highest cashback 1.5% for UPI payments via Tata Neu app.

SBI Cashback can also be considered if you have many eligible online spends or if you can buy gift cards from park+ app which offers many popular brands like Zomato, Swiggy, BMS, Uber etc..

 

[amitvicky]

If you are looking for SBI cashback card, then apply it before any other card.
And try to apply it through cashkaro.
At least in my case it always gets rejected, I have tried applying at a gap of 3 months, 6 months, and also 9 months.... They just reject reject reject.

PS - I still do not have SBI cashback card.


Yes, Standard Chartered smart credit card would be a good choice as well
Start the application and leave it in between. Someone will call you and will take your application ahead. This will give you a better. chances for approval.

IDFC - get whichever LTF card they are offering you.
I heard they can upgrade after 6 months or so if you request them and provide salary slip etc etc.
I am waiting for the same to upgrade from select to wealth.


Other usual stuff....
- do not perform more than 3 enquiries in a month. It shows that you are credit hungry.
- do not apply every month
- do not reapply within 30 to 90 days based on credit card company.

 

[zacobite]

Hello

I need help building my credit card portfolio.

Profile :
CIBIL : 782
Salaried
ITR : 33 L +
Net Monthly : 2 L +

Current Cards :
1. ICICI Amazon Pay : 8.5 L : LTF : Since Sep 22 (Will keep)
2. Axis Ace : 5 L : 590 : Since Apr 23 (Primary Card, Looking to convert to LTF)
3. ICICI Coral : 12 L : LTF : Since Mar 24 (Primary Card for UPI, Crappy card, looking to upgrade or replace with better)
4. AmEx Plat Travel : 8.93 L : 5900 : Since Mar 24 (FYF, Will close after 1st year)

Wishlist :
- IDFC Wealth / Select
- HDFC Regalia Gold / Millennia / Swiggy
- SBI Cashback
- Federal Celesta
- IndusInd Pinnacle / Legend
- SC Ultimate / Smart

Primary Concern :
- Looking for primarily LTF cards or cards who can pay for themselves
- Need a good UPI card
- Need card for taxes, insurance, government payments
- Primarily looking for cashback cards
- Domestic travel once per quarter, so not much use for lounge access
- Movie offers will be good to have

Current Plan :
- Use AmEx card to get IDFC Select (Wealth not being offered yet, do suggest any method to get it)
- Apply Celesta LTF (Was being offered sometime back)
- Legend LTF (Was being offered previously)

Feel free to recommend other cards taht I should add to my portfolio
Please let me know how I can get my desired cards as LTF

Thanks

if you are a real cc user with financial acumen then forget LTF.. Focus on max value.. most good paid cards will return more than what you pay.

idfc nothing special anymore

plat travel v gd card.. hit the 4 L milestone.. fee will get covered + more.. amz gv on multiplier, insurance etc shd be on this card..

amz pay great card for amz prime users

scb ultimate good card for rewards gives points whr many others don't ( govt etc.) BUT horrible redemption options

List out all ur planned annual spends.. allocate on cards.. then decide if u r missing any category / returns.. dont only look for LTF..

swiggy gd card but i wd try for an infinia / dcb

upi cards almost all are similar.. for small spends returns are miniscule.. for big spends dont use upi.. not big value

look for gd fuel card..

try and stick to 1 bank 1 card..

good luck

 

[Sujeet]

Hello

I need help building my credit card portfolio.

Profile :
CIBIL : 782
Salaried
ITR : 33 L +
Net Monthly : 2 L +

Current Cards :
1. ICICI Amazon Pay : 8.5 L : LTF : Since Sep 22 (Will keep)
2. Axis Ace : 5 L : 590 : Since Apr 23 (Primary Card, Looking to convert to LTF)
3. ICICI Coral : 12 L : LTF : Since Mar 24 (Primary Card for UPI, Crappy card, looking to upgrade or replace with better)
4. AmEx Plat Travel : 8.93 L : 5900 : Since Mar 24 (FYF, Will close after 1st year)

Wishlist :
- IDFC Wealth / Select
- HDFC Regalia Gold / Millennia / Swiggy
- SBI Cashback
- Federal Celesta
- IndusInd Pinnacle / Legend
- SC Ultimate / Smart

Primary Concern :
- Looking for primarily LTF cards or cards who can pay for themselves
- Need a good UPI card
- Need card for taxes, insurance, government payments
- Primarily looking for cashback cards
- Domestic travel once per quarter, so not much use for lounge access
- Movie offers will be good to have

Current Plan :
- Use AmEx card to get IDFC Select (Wealth not being offered yet, do suggest any method to get it)
- Apply Celesta LTF (Was being offered sometime back)
- Legend LTF (Was being offered previously)

Feel free to recommend other cards taht I should add to my portfolio
Please let me know how I can get my desired cards as LTF

Thanks

I would suggest go for the hdfc regalia gold and if getting dcb then go for that its a step towards infia.
Indus legend idfc wealth are easy to get but of no use besides movie voucher that too max 200 and 250 respectively.

For upi and utilities you can hv tata neu infinity (5% upto 2000 neu coins in a month) or airtel axis(1000 cash back in a month)

 

[Skylar]

2. Axis Ace : 5 L : 590 : Since Apr 23 (Primary Card, Looking to convert to LTF)

LTF conversation of this card is highly impossible.
- But 5% on utility bills up to 500 per month
- 1.5% on most other offline purchases
- 1.5% base plus 3% to 5% extra cashback on online spends using axis edge portal
Card pays for itself.

 

[Skylar]

- IDFC Wealth / Select

Except for BOGO offer, there isn't anything good about these cards.
- If you see any please mention it.

 

[Skylar]

- SBI Cashback

SBI has this overleverage condition


Apay - 8.5L
Ace - 5L
Coral - 12L (how come apay and coral have different limits?)
Amex - 8.93L

Total: 8.5+12+5+8.93 - 34.43 L
ITR: 33L
so, could be hard to get SBI card, but if that 8L and 12L of ICICI cards is merged then in leverage will be less and high chances of getting SBI card.

 

[Skylar]

- Federal Celesta

Make sure you do not have more than 2 hard enquiries in the last 6 months before applying for federal bank cards.

 

[AshwiniS]

Here are my inputs:
1. Axis Ace is good card to have.. Keep it, no point in closing it if no LTF.
2. If SBI Cashback is approved, close Apay. No point of this.
3. Amex Plat Travel. Dont close it. You can always speak to Cust. Care and get discounts (sometimes free conditions) for fees reversal. Its the best card for taxes, and government payments IMO.
4. Only reason for IDFC cards is to get option of Cash Withdrawal for free and Roadside assistance. No other value IMO.
5. ICICI Coral is waste. Better try for Sapphiro. Its usually LTF for Alumni of a tier 1 college. See if your college fits the bill. It will also give you BOGO offers on Bookmyshow.
6. HDFC card should be in your portfolio. You can get Regalia Gold easily. It gives more value (Annual fees vis-a-vis practical usage) DCB black is good to have but LTF is doubtful.
7. UPI Card - IDFC Power+/Neu Infinity(HDFC/SBI)/Kiwi
8. SC Ultimate is again quite expensive for a general use case. If your use case is specific and serves the purpose, go for it.
9. Focus on paying through Amazon vouchers of most of your expenses like Insurance. You get 5% cashback on SBI. If you get HDFC Regalia/DCB you will get more value.
10. No point in getting extra cards. Just figure out your use case and get specific cards. At max, you can have 1 of each bank to utilize offers as and when. But keep limits low in such cases. I wouldn't go beyond 1L in such cards.
11. As you dont travel much Axis Atlas doesnt make sense. Else it can give you a good value.