POSTS How to or Cancel Your SBI Credit Card

or Cancel Your SBI Credit Card

2023-05-30 00:04:59 - Grace Browns Grace Browns has been a lifestyle, fashion, and beauty writer for over 5 years, and she currently serves as a senior editor at 422346.com.
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Credit cards can be incredibly useful financial tools, but sometimes cardholders face difficulties in maintaining them and may consider switching to a different card. In such cases, closing or cancelling the existing credit card is necessary to avoid unnecessary fees and charges.

Cancelling an SBI Credit Card: How to Do It

Option 1: Call SBI's helpline number: SBI credit cardholders can easily cancel their card by calling the toll-free number 1860-180-1290 or the local STD code with 39-02-02-02.

Option 2: Write to SBI: Cardholders can also request to close their credit card by sending a letter to SBI Card, PO- Bag 28, GPO, New Delhi-110001. Make sure to include your name, address, card number, and contact details. Do not include confidential information such as CVV number or PIN.

After initiating the process to cancel the credit card, simply cut the card diagonally. Cancelling the primary card will also cancel any add-on cards associated with it.

Things to Consider Before Cancelling an SBI Credit Card

Although cardholders can cancel their credit cards at any time, there are a few important points to check beforehand:

    Clear outstanding dues: Ensure that all dues have been paid and balances have been cleared. SBI guidelines state that cardholders must settle any outstanding amounts and EMIs before initiating the cancellation process.

    Redeem reward points: Check for unused reward points and redeem them within 45 days of card cancellation.

    Avoid recent card use: It is not advisable to use the card just before initiating the cancellation process. Any fresh payments due may prevent the cancellation request from being entertained.

    Thoroughly check the latest credit card statement: Check the latest credit card statement thoroughly to ensure that there have been no fraudulent transactions made on it.

    Cancelled or Closed Credit Cards and CIBIL Score

    Cancelling one credit card out of several may adversely affect the credit utilization ratio. This could impact the cardholder's CIBIL score. However, if cardholders have only one credit card, they can cancel or close it after clearing all dues without any negative impact on their credit score.

    Reviving a Deactivated SBI Credit Card: A Step-by-Step Guide

    Reinstating a closed or cancelled SBI credit card is simple and hassle-free. Customers can take the following measures:

    - Dial the SBI credit card helpline number at 1860-180-1290 or 39-02-02-02 (local STD code as prefix) and contact the bank's representatives.

    - Send an email to [email protected] or move forward with the necessary documentation and formalities.

    - Following the completion of the process, the bank will reactivate the SBI credit card.

    Frequently Asked Questions About Terminating an SBI Credit Card

    What precautions should I take before and during the process of closing my SBI credit card? Before initiating the closure of your SBI credit card, ensure you clear all dues and refrain from using it. Do not reveal any sensitive information such as your credit card PIN and CVV number. You should also dispose of the credit card safely by cutting it diagonally.

    Will SBI notify me of outstanding payments before I cancel my credit card? Yes, you must clear all outstanding payments before closing your SBI credit card, and the bank will alert you if there are any pending dues. Failure to clear dues will result in the inability to cancel the credit card.

    When will the cancellation of my credit card become official? SBI will send you written confirmation of the account closure, and your credit report will also reflect the termination of your credit card account.

    Can I use my SBI credit card once it has been deactivated? No, your SBI credit card will become obsolete once it has been closed.

    Do I need to close each add-on card separately? No, once your primary SBI credit card is deactivated, all attached add-on credit cards will be disengaged and unusable.

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