How to close SBI credit card online you will see in this post. Credit card is a plastic card. Which is very useful for us in financial emergency, and it is a also useful for improving CIBIL Score and we also get discount on it.

But not everyone agrees that using it is a good idea. Even when we don’t intend to, we occasionally apply for credit cards even when we don’t use them. We should probably close the credit card if it doesn’t work for him. As a result, we will avoid being charged and risk having our CIBIL Score damaged. How to close SBI credit card online?

Table of Contents

How to close SBI credit card online

Sending an E-mail to cancel the credit card
Cancel a credit card by SBI card app
Cancel a credit card by calling customer care

Sending an E-mail to cancel the credit card

Email format closing credit card

Dear Sir/Madam,

Due to personal reasons, I don’t need the credit card. Hence I request you to cancel my credit card number 4567xxxxxxxx1234 with immediately effect.

Further details of card:-

Full Name on the Card Rehan Khan

Credit Card number: 4567xxxxxxxx1234

Expiry Date xxxxxxxxxxxxxxx

Mobile number xxxxxxxxxxxxxxx

Email Id xxxxxxxxxxxxxxx

This letter confirm that request, at any update to my credit report should reflect the account was closed at my request.

Thanking You

Rehan Khan

SBI credit card customer care email id:

[email protected]

Cancel a credit card by sbi card app

Go to sbi card app

Open SBI card app and login

After login dashboard open

Click on 3 dot line

Click on services

Show services

Scroll down and click card closure request

Select reason for close credit card

Chose Others

Enter OTP

Submit

Cancel a credit card by calling customer care

You can call one of the following helplines to cancel an SBI credit card: 1860 500 1290, 1860 180 1290, or 1800 180 1290. (STD Code) 39020202 is a different customer service number for SBI credit cards that can be cancelled.

The representative will inquire for specific information. Give the information to complete your SBI credit card cancellation request and prove your identification.

How to close SBI Bank Account

Keep in mind when closing SBI credit card

Before you request the How to close sbi credit card online, bear the following things in mind.

Before initiating credit card closure, make sure all outstanding debts are paid. Before cancelling the card account, SBI Card will request payment of any outstanding balances.
To ensure there haven’t been any fraudulent transactions on the card, check the most recent credit card statement before cancelling the card.
Because card issuers frequently refuse cancellations if new transactions have been made, it’s crucial to refrain from using the credit card before starting the closure process.
You should also review and use any accumulated reward points before shutting the card.

RBI’s New Rules on Credit Card Closure

Card issuers should offer numerous channels, such as internet banking, mobile banking, helpline, IVR, dedicated email address, and mobile app, for sending closure requests.
Requests for How to close SBI credit card online should be granted within 7 working days, provided that the cardholder has paid all outstanding balances.
If you don’t, you’ll have to pay a fine of Rs. 500 per day until the card account is cancelled.
The card issuer will start the cancellation procedure and inform the customer if a card has not been used in more than a year. The card account will be terminated if the cardholder doesn’t react within 30 days.
If the cardholder’s account still has credit available, it should be transferred to his or her bank account.

adverse effects of cancelling your credit card

Cardholders may experience the following negative effects

Lowered Credit Limit –Your overall credit limit will decrease if one of your credit cards is cancelled because less easy credit is available. As a result, you might utilize more of the credit that’s available on your other credit cards, which could affect your credit usage ratio.

Shortened Credit History –If you cancel one of your credit cards, it will shorten the length of your credit history. This may not impact your credit score directly but you won’t be building your score.

FAQs

How would SBI Card notify me if I don’t make my past-due payments before starting a cancellation?

At the moment you ask for the closure, SBI Card will inform you of the situation. You must settle any unpaid balances before the card closure process can begin if there are any.

What should you remember before or after beginning the process to close the credit card account?

You must pay your dues in full and use caution when using your card before and after the initiation. Don’t divulge private information to the bank, such as the PIN or CVV of a credit card. Before throwing away your credit card, make sure you cut it diagonally.

After the account is cancelled, is the credit card useless?

Yes, after closure, the card is no longer valid.

When will my account be deemed to be shut down?

A written confirmation of the closure of an account will be provided by the Bank. A credit card account’s termination will also be reflected in the credit report within a few months.

Will I have to close all add-on card individually?

All of the add-on cards lose their functionality as soon as the principal card is closed.

Requests for credit card closures should be honored within 7 working days, provided that the cardholder has paid all outstanding balances. If you don’t, you’ll have to pay a fine of Rs. 500 per day until the card account is cancelled.

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