The Country's largest lender State Bank of India is a trusted financial institution in India. SBI offers a variety number of credit cards for all Air India SBI Platinum Card, SimplySAVE SBI Card, Mumbai Metro SBI Card, Signature card, etc. for different users.
If you are not satisfied with your SBI credit card, you can cancel it by following few steps. Ask yourself before canceling a card do you want to cancel it really, or just put it away and not use it? If you can't control your spending and need to remove the temptation. Then it is better to cancel your credit card when it unnecessarily costs you money.
Canceling a credit card requires you to follow specific steps to close the credit card account. Otherwise, it will affect your credit score.
Check the current status of your State Bank of India credit card. You have to make sure it is active. The bank has the right to cancel your credit card at any time. Credit card issuers aren't allowed to charge an inactivity fee to cardholders who don't use their credit cards for several months. So if you stopped using the SBI credit card for a long time, it is better to check the status of your credit card.
Credit card bills
If your card is active then you have to make sure that you have cleared your SBI credit card bills. If any payments are due then you can't cancel your SBI Credit Card. You need to have a zero account balance to process the cancel request. You can find it by analyzing credit card statements. Cardholders can access their statements online at www.sbicard.com or by calling the SBI Card Helpline at 1860 180 1290 or 39 02 02 02. How To Use Your Credit Card Wisely? Tips For The First Time Users
Closing of card
You can close your credit card account by writing to SBI or calling the SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (Prefix STD code). After placing your request for account closure, you are required to cut your credit card(s) diagonally. Your request will automatically lead to the termination of the add-on cards. Note that the termination will be effective after payment of all amounts outstanding on the card account. Purchase In EMIs Using Debit Cards! What Is EasyEMI Offer By HDFC Bank?
If the fees such as annual fees or a high-interest rate are the reasons for canceling an SBI credit card you can request a lower interest rate by contacting the card issuer, there is no guarantee the issuer will respond favorably. There may be many other reasons why one can cancel the credit card. 7 Credit Cards With Best Rewards And Cash backs In India