Review my credit portfolio and give tips...
I currently have 8 credit cards & 2 Debit cards, which are :
Kotak Visa Platinum Debit Card (got via super account) - Using it for 5% CB on all transactions, spent 299 in first yr and 399 in second yr and generated 7k CB in total. Generally using when I don't have credit cards, now the CB flats down.
IndusInd Visa Signature Debit Card (got via Indie A/c) - Basic B1G1 movie tickets and some 1-3% discount on some merchants. Not much useful.
Axis Neo (My 1st credit card) -Limit 1.35 Lakhs Combined - Using it for zomato(120 CB) and normal orders on sale.
Axis Myzone - Limit 1.35 Lakhs (Combined) - Got it combined on the Neo card, applied only for UPI payments.
ICICI Amazon pay - Limit 1.80 Lakhs (Combined) - Most used card and great card. Don't want to close anyhow.
ICICI Coral Rupay - Limit 1.80 Lakhs (Combined) - Just basic Railway lounge benefits which I use sometimes, and sometimes using it on Flipkart sale as A-pay icici is not eligible sometimes.
IndusInd Tiger - Limit 1.10 Lakhs - Great card with lounge benefits and Free movie tickets.
Slice Rupay Card - Limit 2.42 Lakhs - using for general and everyday spends for 1-2% cashbacks and cashback through sparks also.
Flipkart SBI Card - Limit 3.00 Lakhs - using only on Flipkart & Cleartrip, nothing else and I can't reach a threshold of 3.5 Lakhs, what to do ? I applied this because I was getting a 2k gift amazon voucher for applying.
HDFC Swiggy - Limit 75k only - Not usually using, thought that it would build relationship but currently confused as many say that core cards build that. Suggest something in this also.
Also, I have a savings account in these banks :
Kotak 811 Super Account
SBI savings a/c (1st bank account)
Slice savings account (opened while applying for CC)
HDFC savings max a/c (want to open next week for building relationship)
IndusInd Indie savings a/c & planning to close it too because of 50k AMB.
Currently 21-M, Student with net 0 income, only family income of 0-3 Lakhs mentioned in all records.
Cibil 788 (ranges between 780-790 in past 6 months)
Credit age 2 yrs 6 months.
Query :
- I am confused to close kotak 811 account as previously I generate great cashbacks from this (by 5% via debit card), now mostly those payments are done by credit cards and got relatively equal benefits but credit cards give discounts and cashback to only popular merchants and not all transactions which is a plus point of debit card.
Suggest me whether to close this or not ?
Also I want to opening HDFC savings max a/c so, I'm planning to shift the usage of kotak a/c to hdfc a/c and start building relationships with bank.
Also If I hold any bullshit card, then please tell me which one to close and suggest some more cards to apply to maximize benefits.
Also my monthly consumption of fuel is >12k so I want to apply any fuel card also. Tell me that also suited for me.
Hope this much data helps to answer my queries.
If something more info. want, then please revert.
- Also I'm getting HSBC visa platinum pre-approved, done some steps but didn't completed VKYC. (I'm getting 2750 amazon voucher for applying to this card).