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💳 Current Cards
American Express Membership Rewards Credit Card — ₹2.5L limit
HDFC Bank Millennia Credit Card — ₹2.1L limit
IDFC FIRST Millennia Credit Card — ₹2.21L limit + linked RuPay card for UPI
📌 Usage Pattern
Amex MRCC
Mainly used for insurance payments.
Every month I buy ₹8,333 Amazon Pay gift cards in 4 transactions to hit the monthly milestone and earn 1,000 MR points.
Very little usage apart from this.
Renewal fee: ₹4,500 + GST.
HDFC Millennia
Used mostly for:
Online shopping
Amazon/Flipkart
Household electronics purchases on EMI
No major regular monthly spends otherwise.
Renewal fee: ₹1,000 + GST.
IDFC First Millennia
Main card for UPI spends via linked RuPay card.
Most daily spends happen through UPI.
Monthly UPI spends: ~₹20K.
Physical card itself is rarely used.
💰 Income & Credit Context
Monthly in-hand salary: ~₹1L and credit score : 794
Always pay bills in full (never revolve credit).
Closed a Standard Chartered Credit Card last year after the bank reduced the limit significantly.
💸 Approx Spend Breakdown
Insurance: ~₹8.3K/month
UPI spends: ~₹20K/month
Online shopping/e-commerce: moderate to high
Electronics/appliances: occasional EMI purchases
Travel: low to moderate
Fuel: low
❓Questions
Does it still make sense to keep the Amex MRCC with my current usage pattern?
Is HDFC Millennia still the best option for my online shopping use case?
Are there better cards for:
cashback
UPI spends
insurance payments
online shopping
Should I close any underutilized card or keep them for credit history/utilization?
Would consolidating spends into fewer cards make more sense?
Based on my salary and spending pattern, are there any meaningful upgrade options?
Would appreciate portfolio optimization suggestions from experienced users.
Note: Used ChatGPT to create the post