I wanna close my SBI credit card but i am confused
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Kindly give your suggestion now managing these cards is getting overwhelming.
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I had same 2 cards. Last year, they gave 12K points to cover the annual charge for prime (had to pay gst though), but finally closed it this year. I still keep simplyclick just to have an sbi card at disposal, but frankly, thats also not worth now. I do most of my transactions on Axis Ace card now which has 2% cb which is pretty good.
I would suggest to close charge based cards slowly if they are not much useful on a regular basis. My biggest worry is now DIners Black card as I have stopped spending almost completely and dont want to spend 12K annual fees just to keep the card. That's for next year though. I dont have any other chargeable cards.
The offers are too scattered nowadays and no single card is enough. See your spend patterns for last 1-2 years and accordingly try to manage spends on 2-3 cards max. Rest can gather dust in some corner of your locker and use only when specifically needed.
1) Before you close, ask SBI to convert your Simplyclick to LTF, if that happens close Prime.
2) If they do not agree to step 1, raise the closure request. You may get call enquiring why you want close, explain the situation and you may get Simplyclick as LTF, if that happens close Prime.
3) Get SBI Cashback CC and close the two. Online spends of about 24k should even out the fee.
Place a closure request for SBI prime and when/if the retention team calls you.. state that you hold SBI CCs and the main reason for this request is them being paid (both). If you're fortunate , they might convert SBI prime to LTF