u/Abject-Desk-8592

Hi,

• Current Cibil: 765
• Age: 34
• Monthly Income: Rs.42,000
• Employment status: Salaried
• Monthly Expenses: Rs.30,000
• Spending Patterns: Groceries, Utilities & Insurances with fuel expense being 2k-3k
• Top 5 Monthly spend categories: Groceries, Utilities, Insurances, Educational Fees, shopping.
• Top 5 Annual spend categories: Groceries, Utilities, Insurances, Educational Fees, shopping.
• Preferences for Credit Card Features: Cashback or Reward Points
• Reward Preference: Cashback or Reward Points
• Lounge Access Required: Not required
• Other Special Needs: Nothing

I currently hold the following credit cards:

1. ICICI Amazon Pay Credit Card – Lifetime Free – ₹60,000 limit
2. ICICI HPCL Coral Credit Card – Lifetime Free – ₹60,000 limit
3. Axis Flipkart Credit Card – Annual fee applicable – ₹1,15,000 limit
4. Scapia Federal Credit Card – Lifetime Free – ₹73,000 limit
5. HDFC Freedom Credit Card – Annual fee applicable – ₹10,000 limit

My average monthly expenditure is approximately ₹30,000, including insurance payments.

I have applied for SBI credit cards through PhonePe and online channels; however, my applications were declined. Additionally, HDFC Bank has declined my request to upgrade the Freedom Credit Card.

In view of the above, I request your guidance on which existing credit cards may be considered for closure and which new credit cards would be suitable for me to apply for.