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GoofyPotato
GoofyPotato
Stealth

Which other credit cards should I get?

My annual expenses are close to 5L. Most of them are for utility bill payments (electricity) and domestic travel.

Currently I have 3 credit cards

  1. HDFC Millennia CC
  2. Flipkart Axis CC
  3. Swiggy HDFC CC

The combined credit of all these cards is around 5L.

I was thinking should I close any of my existing credit cards and apply for some other credit cards.

Any suggestions?

10mo ago
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WobblyNarwhal
WobblyNarwhal
Stealth10mo

Should definitely check out the Amex MRCC - you get 1k bonus points on spending 6k (1.5k * 4 transactions) and 1k points for hitting 20k spends. Very easy to get the 2k points in a month.

Along with this get the IDFC vistara card. Free flight tickets on hitting certain spend milestones.

GoofyPotato
GoofyPotato
Stealth10mo

I don't live in one of the locations listed by AMEX for their CC requirements. 🥲

PerkyNoodle
PerkyNoodle
Gojek10mo

It's ok if you get a new credit card but NEVER close your existing credit card. It will erase that card's old credit history and it will affect your credit score. Instead ask the bank to reduce the limit for the card you rarely use.

GoofyPotato
GoofyPotato
Stealth10mo

I didn't know this. Thank you for letting me know. But if I don't use the CC, then I will have to pay the yearly fee if I do not cross the threshold spending amount.

SparklyPotato
SparklyPotato
Bain & Company10mo

Just keep the oldest one active and close any other you don't use, that decides your credit age. PS: You can call and ask your bank to close the credit card and mention the annual fees as the reason. Usually they waive it off. Banks hate using credit card customers, even at the cost of not earning from them

SparklyPotato
SparklyPotato
Bain & Company10mo

Get vistara axis card, you'll get a couple of complimentary flight tickets voucher by spending around 5l in a year

GoofyPotato
GoofyPotato
Stealth10mo

Sure. I will check that.

ZestyMochi
ZestyMochi
Birdeye10mo

If you have Airtel broadband and Sim then you can coniderer axis Airtel CC, which gives 25% cashback on Airtel recharge and 10% on utility with 10% cashback on swiggy and Zomato

GoofyPotato
GoofyPotato
Stealth10mo

Yes I have those. Thanks for the suggestion. I will check it out.

ZippyRaccoon
ZippyRaccoon
Stealth10mo

How is your experience with the HDFC millennia card?

GoofyPotato
GoofyPotato
Stealth10mo

Good so far. But I don't see any benefits with this card. Earlier I had Money Back+ and got upgraded to Millennia with 10% increase in limit.

JazzySushi
JazzySushi
EY9mo

Icici Amazon pay is excellent no brainer for me

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