To Close or Cancel SBI Credit Card

There are several methods you can use to cancel Credit cards that Indian banks have provided. Here is everything you need to know about deactivating an SBI credit card if you’re interested in learning how to deactivate or close . To avoid any financial problems, it is important to thoroughly cancel any credit or debit cards. The cardholder could be impacted if the operation is not carried out appropriately. As a result, it is crucial to execute the canceling process correctly.

When deciding whether to permanently close your SBI card, a number of criteria need to be taken into account. Many of them are connected to the process that has the potential to influence closing.

This article has all the information that if you follow then you can deactivate your SBI credit card quickly and easily. That’s all you need to know about deactivating your SBI card as soon as possible and at your convenience.

How to Close/Deactivate SBI Credit Card?

Your SBI credit card can be deactivated in many of different ways. The four main ways to cancel your credit card are as follows:

• You can also close your SBI credit card by calling the customer care toll-free number, 1860 180 1290. This is one of the easiest ways. In this, you will have to give a letter in writing, in which you will also mention the reason why you want to close it, which will be done through the official mail of SBI Bank.
• You can send an official email with your questions on how to deactivate an SBI credit card if you’re looking for quick solutions.
• You can visit your nearest SBI Branch to close your Credit Card
• You can Close SBI Credit card online with SBI Mobile app

How to Close SBI Credit Card Online ?

You can close SBI Credit card online also with SBI official Mobile App , in this you can use following step :

• First you have to clear your outstanding amount
• Login to SBI Bank Official Mobile app

• After login to SBI official Mobile App Click on Service tab or Option as visible in image

• Now many options are visible on your mobile screen , so scroll down to more option and select Card Closure Request option 

• After selecting Card Closure Request option new window will be visible then select reason visible on the screen

After following all the steps given above, your request will go to SBI Bank and you will be told by email how much time it will take to close the card.

Closing an SBI credit card can have several consequences, both immediate and long-term. Here are some of the potential outcomes to consider:

Immediate Consequences:

1. Impact on Credit Score: Closing a credit card account can impact your credit score. If the credit card you’re closing has a high credit limit and you have low balances on your other cards, your credit utilization ratio may increase, which could potentially lower your credit score.
2. Loss of Available Credit: Closing a credit card account reduces your overall available credit. This might affect your credit utilization ratio and could impact your ability to access credit in the future.
3. Rewards and Benefits: If your SBI credit card offers rewards, cashback, or other benefits, closing the card means you’ll lose access to these perks.
4. Impact on Credit History: The length of your credit history matters for your credit score. Closing an older credit card could shorten your average credit age, potentially affecting your credit score.

Consequences of Closing SBI Credit Card

Closing an SBI credit card can have several consequences, both immediate and long-term. Here are some of the potential outcomes to consider:

Immediate Consequences of Closing SBI Credit Card:

• Impact on Credit Score: Closing a credit card account can impact your credit score. If the credit card you’re closing has a high credit limit and you have low balances on your other cards, your credit utilization ratio may increase, which could potentially lower your credit score.
• Loss of Available Credit: Closing a credit card account reduces your overall available credit. It can also affect your credit utilization ratio and your ability to maintain a credit score in the future.
• Rewards and Benefits: If your SBI credit card offers rewards, cashback, or other benefits, closing the card means you’ll lose access to these perks.
• Impact on Credit History: The length of your credit history matters for your credit score. Closing an older credit card could shorten your average credit age, potentially affecting your credit score.

Long-Term Consequences:

• Limited Credit Options: If you have a history of responsible credit card usage with SBI, closing the card might limit your future options for credit products with them.
• Credit Mix: A diverse credit mix (credit cards, loans, etc.) can positively impact your credit score. Closing a credit card might reduce the diversity of your credit types.
• Reapplication: If you close your SBI credit card and later want to reapply, you’ll have to go through the application process again, which may involve credit checks and evaluation.
• Affects Loan Applications: When applying for loans or mortgages, lenders consider your credit history. Closing a credit card might influence their assessment of your creditworthiness.
• Rebuilding Credit History: If you close your only credit card account, you might need to consider other ways to maintain and build your credit history, such as obtaining a new credit card or loan.

FAQ

️How to permanently close my SBI credit card?

To permanently close your SBI credit card, you can register a cancellation request either by contacting the bank’s toll-free customer care helpline or by submitting a written letter.

मैं अपना एसबीआई कार्ड ऑनलाइन कैसे निष्क्रिय कर सकता हूं?

आपको अपने क्रेडेंशियल्स का उपयोग करके अपने इंटरनेट बैंकिंग खाते में लॉग इन करना होगा और क्रेडिट कार्ड बंद करने के लिए एक क्लोजर अनुरोध भेजना होगा। बंद करने का अनुरोध भेजने के बाद, आपको अपने पंजीकृत मोबाइल नंबर पर एक अद्वितीय इंटरैक्शन आईडी प्राप्त होगी। और, इसके अलावा, बैंक आपका एसबीआई क्रेडिट कार्ड बंद करने के लिए आपसे संपर्क करेगा।

How can I deactivate my SBI credit card by SMS?

To block your card SMS BLOCK XXXX (XXXX=last 4 digit of your SBI Credit Card) and send it to 5676791 or call our helpline 18601801290/39020202 (prefix local STD code). Please call our helpline

How do I cancel my credit card forever?

1. To cancel a credit card, you simply need to call the phone number on the back of your card and ask. …
2. If you plan to cancel a credit card because you no longer want to pay the annual fee, you may be able to keep the account open without the yearly cost.

मुझे कैसे पता चलेगा कि मेरा एसबीआई क्रेडिट कार्ड बंद है?

एसबीआई द्वारा मेरा क्रेडिट कार्ड खाता कब बंद माना जाएगा? आपका क्रेडिट कार्ड खाता बंद होने के बाद एसबीआई आपको एक लिखित पुष्टि भेजेगा । आपकी क्रेडिट रिपोर्ट आपके क्रेडिट कार्ड खाते के बंद होने को भी दिखाएगी।

How many days it will take to deactivate credit card?

According to RBI rules, it is mandatory for credit card companies to honour any request for the closure of a credit card. It has to be done within seven days provided the customer has paid all dues

How can I deactivate my SBI credit card tap and pay?

You can follow the below steps to de-link your SBI Card from the SBI Card Pay feature:

1. Open SBI Card App & login to your account.
2. Click on the App Settings and click on the ‘SBI Card Pay’ button.
3. Select the SBI Card that you wish to de-link.
4. Press on ‘DELINK’ button.

How to deactivate auto debit in SBI credit card through SBI card app?

In order to deactivate the Auto Debit facility, you will need to download an Auto Debit deactivation letter from https://www.sbicard.com/sbi-card-en/assets/docs/pdf/forms-central/autodebit-deactivation-letter.pdf, fill in the same and send it to us at: SBI Cards and Payment Services Ltd

How do I write a letter to cancel my credit card?

Dear Customer Service Department: My name is _________________ and I have a (credit card/revolving charge, etc) account with (Creditor’s name). My account number is ______________________. I do not plan to use the account, therefore, I would like the credit line to be closed out.

Can SBI credit card be Cancelled?

You can close your Credit Card Account by writing to us or calling the SBI Card Helpline. 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.

How can I cancel my SBI credit card helpline number?

Lost or Stolen Cards

1. Log on to sbicard.com and instantly block your card by clicking on ‘Block Lost \Stolen Card’
2. SMS BLOCK XXXX to 5676791 from your registered mobile no. ( XXXX = Last 4 digits of your SBI Card)

Is it harmful to close a credit card?

Canceling a Credit Card Can Increase Your Credit Utilization Ratio. One of the biggest factors – 30% – that’s weighed by the FICO score is your credit utilization ratio. This is the amount of credit you’ve used compared with the amount of credit you have available

Can I cancel a credit card by email?

You can do so by sending a cancellation mail with a read receipt. With this tool, you will be notified that your cancellation request was in fact received and read by the bank. In any case, once you have sent a mail, you will have evidence that your request for cancellation of service was formalized.

How can I remove my SBI credit card annual fee?

How Can I Avoid SBI Credit Card Annual Fee? One cannot avoid SBI credit card annual fee but one can get a waiver on the same. SBI offers a ‘Spend Based Reversal’ option on most credit cards. You can get the annual fee waived off when you spend a certain amount of money on your credit card in any given year.

How can I talk to SBI credit card agent?

SBI credit card users can reach out to an SBI customer care executive by dialling the below-mentioned numbers:

1. Toll-free number: 1800 180 1290.
2. Chargeable number: 1860 180 1290.
3. City-wise: 39 02 02 02 (before dialling, add local STD code as prefix).

What is annual charges of SBI credit card?

Credit Card Name	Annual Fee (Rs.)
SBI Card PULSE	1,499
CASHBACK SBI Card	999
SimplyCLICK SBI Card	499
SimplyCLICK Advantage SBI Card	499

What is the WhatsApp number of SBI credit card customer care?

+919004022022

The customers having SBI Credit cards will receive an alert on their registered WhatsApp mobile number through the number +919004022022. You need to send ‘Hi’ to start a conversation and avail of services.