In the financial world, Credit Cards are the most useful products when it comes to fulfilling short-term financial needs. But many times the holders find it very difficult to maintain them, especially when they have multiple cards. In addition to this problem, many cardholders find their perfect card after using one or two prior. In this case, they may opt for closing or cancelling the credit cards that they don’t need. So, if you are wondering how to close an SBI credit card? Then this article will help you to do so.
How Do I Close my SBI Credit Card?
By Helpline Number:
Use these toll-free numbers-,1860-180-1290, or 39-02-02-02, to cancel your SBI credit card account. You can personally call the SBI helpline number to cancel your Credit Cards and they will process your application within a few business days.
By Writing to SBI:
You can write your request to cancel your SBI credit card at this address: SBI Card, PO- Bag 28, GPO, New Delhi-110001.
In addition to your request, you will need to write: your full name, address, card number, and contact details. But remember to stop yourself from mentioning your crucial details like CVV, card number and PIN.
Once your request is submitted and approved you can cut your credit card diagonally. Remember that all the add-on cards availed by you will also get cancelled automatically.
Points to Note Before Closing Your SBI Credit Card
Make Sure to Clear Dues
Before getting your credit card closed or cancelled you will need to clear all your dues. Once the outstanding payment is cleared your cancellation request will be initiated.
Redeem Your Reward Points
Before closing your SBI Credit Card you should check for unused reward points and redeem them before expiration. These reward points offer a decent amount of discount deals that you should just bag in.
Check the Last Statement and Don’t Use it Just Before the Cancellation
Experts say not to use your SBI card just before initiating the cancellation request. Using the card will initiate the statement process which records the transactions. Furthermore, always check your last payments and clear dues in the statement for any type of fraudulent transactions.
Also read:How to Link Your PAN and Aadhaar the Right Way Before March 31?