Credit card - closure

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JOKER321

I have got all the top cards like amazon pay icici , axis flipkart , axis ace , pinnacle, regalia and many more. I have 10 +  credit cards. Since I got all the best cards I want to close the other cards which is not useful for me because I hardly use them . My query here is in which way should I close the cards so that it doesn’t affect my cibil score like should I hold a particular card for atleast a year before I close etc .      

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Deal Subedar Deal Subedar
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Why so serious?
On a serious note start with the one’s which are not used often. With every closure the credit score will take a hit, but nothing to be worried about. Wait for the experts to chip in.

Benevolent Benevolent
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Bilu bhai jo bole vohi sahi hai ab.
#TrendingBilu wink

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Benevolent Benevolent
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Close 1 per month so that overall usage(across all cards) does not go up too much.
Or close 2-3 cards when u have very very less spends across all cards for 2-3 months period.
Why care for score when you already got all cards.
amazon pay icici , axis flipkart , axis ace , pinnacle, regalia ==> don’t close these good cards

Flame Flame
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Yeah was planning do the same

Deal Subedar Deal Subedar
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closing old card actually increase 1 point in CIBIL

Deal's Advocate Deal's Advocate
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No one should keep fist/old credit card it will increase CIBIL score. (Age of credit matters)

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Benevolent Benevolent
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Dont worry much about CIBIL score..Close the cards you dont want
Closing accounts/change in utilization will take your CIBIL score down(20 points or so) for couple of months,

Helpful Helpful
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what’s benefit of pinnacle card ??

Flame Flame
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2.5 % cashback on all e commerce transactions
1.5 % cashback on wallets and online transactions
1 % cashback on offline pos transactions

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