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Close SBI Credit Card

Closing a credit card

Last Updated 08th Oct 2021

  • SBI credit card cancellation can be made through four ways.
  • To close SBI credit card, a cardholder can call customer care number, send a written request, send a request through email or send a request through an online application.
  • One should always close their credit card if it is unused.
  • If a card is not appropriately cancelled, it may affect the cardholder's credit score negatively.
  • Before SBI credit card closure, an individual must clear all their dues, redeem reward points and stop transactions from the card.
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How to Close SBI Credit Card?

Snipping the credit card into two pieces is not the right way to close the credit card. It is essential to close the credit account the right way because it can hurt the cardholders credit score otherwise. Various ways are used for SBI credit card cancellation. A cardholder can close SBI credit card by calling customer care number, written request, sending a request through email or sending a request through an online application.

SBI Credit Card Cancellation by Calling Customer Care

To cancel a credit card of SBI, call the customer care number of the bank. Once a card holder's request is raised, a bank executive from the bank will contact to know the reason and confirm the cancellation details.

SBI Credit Card Cancellation by Submitting a Written Request

SBI credit card closure is also possible by sending a credit card closure letter. A letter must be written to SBI branch manager giving credit number, credit cardholder name and contact details. Submit the letter in person or send it through the mail, the branch's postal address can be found online.

SBI Credit Card Cancellation by Writing an Email

SBI credit card cancellation online can be made by writing an email to the branch. An email is provided by SBI on which the email is sent to close the credit card. A credit cardholder has to provide credit card details and personal details like name, address and birth date in an email.

SBI Credit Card Cancellation by Submitting an Online Request

Fill SBI credit card closure form online to cancel the credit card. Visit the SBI's website and then fill the cancellation form and submit it. Upon approval, a bank executive from the bank will contact to know the reason and confirm cancellation details.

Important point to know when Closing SBI Credit Card

Before SBI credit cancellation, here are few things which an individual needs to keep in mind:-

  • Clear your dues: Before requesting to cancel a credit card, one must clear all their outstanding dues and EMIs on the credit card. Without clearing dues, the lender cannot cancel the individual's card.
  • Stop transaction: Once a person has raised a request to close the credit card, they should not use the credit card, if the card is used after it, SBI can revoke the cancellation request.
  • Redeem unclaimed reward points: Before requesting a credit card cancellation, a person must redeem all reward points which they have earned while using a card.
  • Get the exact date: To avoid paying extra fees, or charges get an exact date from when the card will be blocked.
  • Deactivate automatic bill payment: Deactivate automatic bill payment to avoid paying extra fees. If the bank does not keep a follow up on the cancellation request, a cardholder might have to pay extra charges due to automatic bill payment.
  • Get a written confirmation: It is essential to take a written confirmation from the lender that the credit card has been closed.

FAQs

What are the methods of SBI Credit Card Cancellation?

Out of four, one method can be opted to cancel the credit card. The four methods call customer care number, written request, sending a request through email or sending a request through an online application.

Can I cancel my SBI credit card online?

To cancel a credit card online, send an email or request for cancellation using the bank's website.

What Happens after cancelling SBI Credit Card?

Once the SBI credit card is cancelled all the add on cards will also be cancelled, and once the bank has informed you that the card is closed, you should cut the card into two pieces.

How to Reactivate a Closed SBI Credit Card?

To reactivate a closed SBI credit card call the toll free customer care number 180-011-2211/ 1800-425-3800

Is closing a credit card affect your credit score?

Yes, closing credit can affect your credit score due to various reasons. One of the reasons why your score will reduce is the increase in credit utilisation ratio.


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SBI Credit Card News - Oct 2021
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    State Bank of India (SBI) has introduced a new credit card- NAV-eCash Card- in partnership with the Indian Navy. The card is enabled with dual-chip technology which will enable online as well as offline transactions. This card is only for the officers who are posted at the countrys largest naval aircraft carrier INS Vikramaditya.
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  • 2021-06-25 : SBI card and Fabindia have launched contactless co-branded credit cards
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  • 2021-06-23 : Google Pay launches cards tokenisation with SBI and other banks
    After successfully rolling out tokenisation with Kotak Mahindra Bank, SBI Cards, and Axis Bank, Google Pay has now added debit cards by SBI, IndusInd Bank, and Federal Bank and credit cards by IndusInd Bank and HSBC India to its slate. Digital wallet platform Google Pay has expanded its network of bank partners offering cards tokenisation on the Google Pay app and added lenders including SBI, IndusInd Bank, Federal Bank, and HSBC India. Google has rebranded its Tez app, launched in September, as Google Pay—the catch-all label for its payments services.
  • 2021-04-27 : SBI introduced video KYC on mobile banking app YONO
    With an aim to improve the customer experience and improve the loan and investment portfolio, SBI introduced KYC on its Mobile banking app YONO. The digital initiative, powered by AI and Facial Recognition Technology, is a contactless and paperless process.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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