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Want to reduce 2 out of 6 credit cards

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Deal Cadet
suthakarm80

Hi dimers
I have 6 credit cards
1.Icici Amazon pay – ltf
2.axis flipkart – ltf
3.Hdfc millennia – ltf
4.icici Mmt platinum – ltf
5.axis ace – paid
6.sbi simplyclick – paid

I want to reduce the number of cards to only 4 , please suggest which one have to hold or cancel…

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Deal Cadet Deal Cadet
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simply click and mmt

Deal Subedar Deal Subedar
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MMT is a must(to close sweat_smile). If you don’t use FK that much then close FK card or else SBI. Even though SBI has less value when compared with FK, we need it for occassional bank offers. So 2nd card is your decision.

Analyst Analyst
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What’s the need to close Ltf cards??

Deal Newbie Deal Newbie
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Close the 2 paid cards if you must.

Mobile Guru Mobile Guru
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Vaastav wrote:

What’s the need to close Ltf cards??

I think Some banks convert LTF to paid if the cards remain inactive for couple of months (Since last month, i am seeing this new metric for my ICICI Coral LTF – Total transacted value in the current year / 1.5L)

Deal Newbie Deal Newbie
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As previously mentioned, definitely close icici mmt.
now for the 2nd card you can look to close axis ace you’ll be paying ₹590 every year and base reward it offers is just 0.5% more than axis FK which you’ve ltf.
If you’re heavily utilising 5% cb on axis ace then you can look to close sbi simplyclick as only utility of this card is 10% online sale discount but this time they capped the discount to only ₹1250 meaning you cannot benefit on big transaction and even to get this as discount you have to pay ₹590 meaning if you just utilised this card on only one sale in a year effective discount you’ll get is ₹660 which is about the same that you’ll get with axis FK or ICICI amazonpay card.

Royal Challengers Bangalore Royal Challengers Bangalore
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dont close mmt you need one for icici offers since APAY is not included in offers.

Close both the paid ones.

Hunk Hunk
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just close 5-6 blindly if you are not a heavy spender.

Deal Subedar Deal Subedar
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getready wrote:

I think Some banks convert LTF to paid if the cards remain inactive for couple of months (Since last month, i am seeing this new metric for my ICICI Coral LTF – Total transacted value in the current year / 1.5L)

Do they intimate about that?

Deal Subedar Deal Subedar
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getready wrote:

I think Some banks convert LTF to paid if the cards remain inactive for couple of months (Since last month, i am seeing this new metric for my ICICI Coral LTF – Total transacted value in the current year / 1.5L)

1.5L to keep the LTF ?

Sunrisers Hyderabad Sunrisers Hyderabad
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Close fk axis and az ICICI cards. You can also close Ace card and get myzone card as ltf. If you want, you can exchange simply click with BPCL card. It’s renewal fee will be waived at 50k. In effect you don’t pay renewal fee for any of your 4 cards

Mobile Guru Mobile Guru
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prem4998 wrote:

Do they intimate about that?

I got no intimation from them

Mobile Guru Mobile Guru
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sri222 wrote:

1.5L to keep the LTF ?

Not sure
Based on card terms, its the total transaction value needed for annual fee waiver

Deal Subedar Deal Subedar
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getready wrote:

Not sure
Based on card terms, its the total transaction value needed for annual fee waiver

Yes, that is for paid Coral CC

Deal Subedar Deal Subedar
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close click & mmt

Deal Cadet Deal Cadet
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What is ur most usage
Pls tell that
Where u r spending mostly online
Then a proper decision can be made

Deal Subedar Deal Subedar
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getready wrote:

Not sure
Based on card terms, its the total transaction value needed for annual fee waiver

Oh god, your card isn’t LTF. You get annual fee waiver on meeting spends.

Mobile Guru Mobile Guru
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prem4998 wrote:

Oh god, your card isn’t LTF. You get annual fee waiver on meeting spends.

Mine was LTF, that’s for sure (Its 3 year old*)

Its a pre-approved card from ICICI and the same mentioned via Welcome letter too

Deal Cadet Deal Cadet
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kkrulesdnation wrote:

What is ur most usage
Pls tell that
Where u r spending mostly online
Then a proper decision can be made

Amazon and flipkart purchase
Utility bills every month around 10k
Offline purchase 5k per month
And 1 or 2 sale time big purchases

Deal Subedar Deal Subedar
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getready wrote:

Mine was LTF, that’s for sure (Its 3 year old*)

Its a pre-approved card from ICICI and the same mentioned via Welcome letter too

You said “Based on card terms, its the total transaction value needed for annual fee waiver”

Mobile Guru Mobile Guru
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prem4998 wrote:

You said “Based on card terms, its the total transaction value needed for annual fee waiver”

Yes, its a paid card

Offered as LTF too for Savings Bank customers via Pre-Approved offers

Deal Cadet Deal Cadet
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suthakarm80 wrote:

Amazon and flipkart purchase
Utility bills every month around 10k
Offline purchase 5k per month
And 1 or 2 sale time big purchases

Hold
Amazon pay for amazon purchase 5% CB
Fk axis for flipkart purchase 5% CB
Axis ace for utility bill thru google pay 5% CB
Offline purchase 2% CB thru axis ace

Hdfc millenia gives 5% thru smartbuy so u can combine that will sale discount

Sbi simply click can be closed
Icici mmt platinum dont close becoz its LTF
And they have lot of offers on several sites, never know when you would require

Deal Cadet Deal Cadet
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kkrulesdnation wrote:

Hold
Amazon pay for amazon purchase 5% CB
Fk axis for flipkart purchase 5% CB
Axis ace for utility bill thru google pay 5% CB
Offline purchase 2% CB thru axis ace

Hdfc millenia gives 5% thru smartbuy so u can combine that will sale discount

Sbi simply click can be closed
Icici mmt platinum dont close becoz its LTF
And they have lot of offers on several sites, never know when you would require

Thanks bro , hdfc millennia covers 5% cashback on amazon and flipkart so close amazon icici and axis flipkart cards ,is a good idea bro? I have hdfc millennia debit card also for buying instant vouchers from gyftr (smartbuy)…

Critic Critic
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getready wrote:

I think Some banks convert LTF to paid if the cards remain inactive for couple of months (Since last month, i am seeing this new metric for my ICICI Coral LTF – Total transacted value in the current year / 1.5L)


in imobile or net banking?

exactly where is this coming?

Deal Cadet Deal Cadet
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suthakarm80 wrote:

Bro I wouldnt suggest that because of following terms of hdfc millenia. And FK Axis LTF is not easy to get.
Still

5% CashBack on Amazon, Flipkart, Flight & Hotel bookings on shopping via PayZapp and SmartBuy (minimum transaction size of ₹2000)
2.5% CashBack on all online spends (minimum transaction size of ₹2000)

Bro I wouldnt suggest that because of following terms of hdfc millenia. And FK Axis LTF is not easy to get.
Still go thru Tnc & spend using millenia for next 2 months. If it works then go ahead to close other two cards

    5% CashBack on Amazon, Flipkart, Flight & Hotel bookings on shopping via PayZapp and SmartBuy (minimum transaction size of ₹2000)

    • 2.5% CashBack on all online spends (minimum transaction size of ₹2000)

    CashBack will be given in the form of CashPoints, which can be redeemed by you against the statement balance (on request only).

    • The redemption against the statement balance will be at the rate of 1 CashPoint = ₹1.
    • The minimum CashPoint balance required for redemption against the statement balance is 2500 CashPoints, redeemable in multiples of ₹500 only.


    So minimum spend criteria matters

    Deal Cadet Deal Cadet
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    kkrulesdnation wrote:

    Bro I wouldnt suggest that because of following terms of hdfc millenia. And FK Axis LTF is not easy to get.
    Still go thru Tnc & spend using millenia for next 2 months. If it works then go ahead to close other two cards

      5% CashBack on Amazon, Flipkart, Flight & Hotel bookings on shopping via PayZapp and SmartBuy (minimum transaction size of ₹2000)
    • 2.5% CashBack on all online spends (minimum transaction size of ₹2000)

    CashBack will be given in the form of CashPoints, which can be redeemed by you against the statement balance (on request only).

    • The redemption against the statement balance will be at the rate of 1 CashPoint = ₹1.
    • The minimum CashPoint balance required for redemption against the statement balance is 2500 CashPoints, redeemable in multiples of ₹500 only.

    Bro millennia credit card t&c changes after 1.10.21 , i have new millennia, i got that card in jan 2022

    Deal Cadet Deal Cadet
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    suthakarm80 wrote:

    Bro millennia credit card t&c changes after 1.10.21 , i have new millennia, i got that card in jan 2022

    Yes. Just checked there is some monthly cashback limit on every billing cycle bro.
    Thats why suggest you to check latest TnC once. Customer care can help

    Deal Lieutenant Deal Lieutenant
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    ….play akaad bakkad and decide..

    Deal Cadet Deal Cadet
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    kkrulesdnation wrote:

    Yes. Just checked there is some monthly cashback limit on every billing cycle bro.
    Thats why suggest you to check latest TnC once. Customer care can help

    1k max cb with partner merchants
    1k max with all others ..

    replyuser
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