Maximize Your Credit Card Benefits: Why Owning Multiple Cards Could Be the Smart Strategy

1. Discounts & Cashback

  • Some prefer instant discounts (e.g., ICICI Bank cards on Amazon, Flipkart).
  • Some prefer cashback (e.g., Cashback SBI Card – 5% on online spends, HSBC Live+ – 10% on dining & groceries).
  • Some go for brand-specific cashback (e.g., Amazon Pay ICICI, Flipkart Axis, Tata Neu Infinity HDFC).

2. Reward Points & Airmiles
Many use reward points for:

  • Airmiles (e.g., Axis Bank cards allow transfers to KrisFlyer, Etihad Guest, United MileagePlus, etc.).
  • Hotel stays (e.g., transfer points to Marriott Bonvoy, IHG One Rewards, Club ITC).

3. Complimentary Memberships
Some credit cards offer premium memberships:

If you’re loyal to these brands, these cards can provide significant value.

4. Category-Specific Benefits
Choosing cards based on spending patterns can help maximize rewards:

  • UPI Payments → Tata Neu Infinity HDFC (1.5% NeuCoins), RuPay Credit Cards (2% rewards).
  • Movies → RBL Play Card (2 free movie tickets/month).
  • Bill Payments → Airtel Axis (up to 25% cashback on Airtel, 10% on electricity/gas).
  • Travel → Amex Platinum Travel, Axis Atlas.

5. Managing Multiple Credit Cards Effectively
To maximize benefits, most people keep 3-4 credit cards. Here’s how to manage them:

  • Use a clear strategy – which card for what category.
  • Automate bill payments (keep 5-day buffer if using third-party apps).
  • Regularly check statements for unauthorized spends.
  • Avoid overspending just because you have a higher limit.

6. Who Should Follow This Strategy?

  • If you just need instant discounts/cashback, 1-2 cards are enough.
  • If you want to maximize points, lounge access, and category benefits, consider 3-4 cards.
  • If you’re new to credit cards, start with 1-2 and expand based on needs.

Having the right mix of cards can help you save money, earn rewards, and enjoy premium benefits!