Should I close my Credit Card?

[shivamid6]

In June 2024 I got Flipkart Axis Bank CC that has annual charges. In July 2024 I got Axis Bank Neo Rupay Card that is a life time free card. I got this NEO rupay card because we can link Rupay card to UPI Apps.

Both these cards has a merged limit of 31 K.

To wave of Flipkart Axis Bank CC I have to spend 3.5 L , I know It will be very difficult for me.

So, Should I close the flipkart axis bank cc ?

If yes, when should I close this card now or later.
If no, then give me reasons.

 

[Skylar]

So, Should I close the flipkart axis bank cc ?

Close it before renewal.

 

[shivamid6]

Close it before renewal.

1. Any Impact if I close it now ?
2. In Flipkart EMI options for any produtct there is flipkart axis cc but there is no NEO. But there is another option of Axis Bank CC. Can I use Neo Card in this option for EMI?

 

[Skylar]

1. No Impact on closing - your card and its history will be shown in the closed cards section.
2. For EMI's you can delete the saved card on Flipkart and it will save the neo card it will start showing Neo card for EMI's

- If you are having any pending EMI on flipkart card then you can't close the card untill you clear the EMI's.

 

[zacobite]

In June 2024 I got Flipkart Axis Bank CC that has annual charges. In July 2024 I got Axis Bank Neo Rupay Card that is a life time free card. I got this NEO rupay card because we can link Rupay card to UPI Apps.

Both these cards has a merged limit of 31 K.

To wave of Flipkart Axis Bank CC I have to spend 3.5 L , I know It will be very difficult for me.

So, Should I close the flipkart axis bank cc ?

If yes, when should I close this card now or later.
If no, then give me reasons.

if u shop on fk then kp it.. fee is quite reasonable.. if u don't use FK then u can consider closing..may have some drop in cibil if fk is an old card..

 

[shivamid6]

if u shop on fk then kp it.. fee is quite reasonable.. if u don't use FK then u can consider closing..may have some drop in cibil if fk is an old card..

Not so often. Just 2 months old.

 

[kou_chak]

If it doesn't contribute much in your credit history feel free to drop it. Else try to downgrade it.

 

[zacobite]

Not so often. Just 2 months old.

ok.. why did u take it? keep it.. next time dont rush into taking a card.. plan.. close after 1 yr when fee is due.. chk if they will give u waiver.. if not then close.. not now.. use what u can... build some credit history.. dont get new cards now