How to Close or Cancel SBI Credit Card?

In these modern and financially wise times, we all are aware of how a credit card works and many of us use multiple credit cards to maintain our lifestyle as per our monetary capacity annual expenditure. 

The State Bank of India (SBI) is one of India’s largest banking institutions and it offers a variety of credit cards to meet the diverse needs of its customers. However, there may come a time when one may no longer need or want to maintain their SBI Credit Card. The reasons for this could range from finding a card with better benefits to simply wanting to reduce the number of credit cards in our name. 

Whatever the reason, it’s important to know the correct procedure for closing or cancelling our SBI Credit Card. Doing so improperly can lead to complications, including the accumulation of unwanted charges and a negative impact on our credit score. 

In this guide, we will go through the process of closing or cancelling our SBI Credit Card, and discuss the potential impacts of doing so. Whether we choose to close our card online, over the phone, by letter, or in person, the information provided here will help us navigate the process smoothly and effectively.

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Reasons for Closing or Cancelling an SBI Credit Card

Since SBI is one of India’s largest banking institutions, people tend to opt for its credit card because a lot of us have a bank account with them. But due to the following reasons, one may decide to cancel or close their credit card services with the bank. 

1. These days there are so many new credit card issuers offering a myriad of offers, discounts, rewards and other benefits and many people get a credit card from a specific lender because this issuer company is aligned with their needs and requirements and is offering some of the best offers out there. 
2. We sometimes tend to avail too many cards and handling their charges and outstanding bills becomes difficult for us so we want to close the one that isn’t set with our needs. 

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Step-by-Step Guide on How to Close or Cancel an SBI Credit Card

Now that we have gone through the reasons for choosing to cancel an SBI credit card, we suggest you to go through the following list of pointers that will help you understand the process of how to close SBI credit card:  

Method 1: How to Cancel a SBI Credit Card Online

One of the easiest ways to cancel our SBI credit card is by simply visiting the website or app and going to the credit card section and putting in the credit card closure request. 

One can also send a request by mail to the official SBI email ID and get the credit card closed.  

Method 2: How to Deactivate SBI Credit Card Through Customer Care

A lot of us are not very well equipped with the online process, especially if you are not used to using the internet. This is where the customer care services comes in handy. One can call the official customer care hotline number and put in the request for the credit card closure by providing all the necessary information related to the card. The executive will take the information and close the credit card from their end. 

Method 3: How to Cancel SBI Credit Card by Writing a Letter

This method works best for senior citizens as they may or may not be able to visit the branch and are unable to deactivate the credit card through the online or customer care method. They can write a letter to their credit card branch or the credit card department and request them to close their credit card. All they need is to provide the bank with their credit card details. 

Method 4: How to Cancel a SBI Credit Card by Visiting the Bank Branch

The simplest way to cancel a SBI credit card is to visit the bank branch and fill the form to close the credit card and the bank representatives will take care of the rest. 

Things to Consider Before Cancelling Your SBI Credit Card

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Once the decision has been made, it is crucial that we redeem all the reward points and discount coupons before closing the credit card. 

It is also important to keep a track on the outstanding bills and one should clear the tab and then cancel the credit card. 

In conclusion, closing or cancelling our SBI Credit Card requires careful considerations and with proper procedures. It empowers us to manage our finances better, but it should be done correctly to avoid any negative impact on our credit profile.