![]() ![]() Things to Consider When Cancelling a Credit CardĪs mentioned earlier, there is no standard procedure to cancel a credit card. If the credit card’s annual fee is very high.When you have an excessive number of credit card accounts.If the credit card does not provide any benefits.Here are a few circumstances when you should consider closing an unused credit card: An unused credit card retains a significant credit limit locked in, enhancing the credit utilisation ratio and your credit score. Closing the card, though, will not have a major effect on your credit score if you owned it for a few months. If you have had a credit card for about 2-3 years, closing it might be a bad idea. Your unused credit card has a direct impact on the credit history length and credit utilisation. Your credit score comprises five components: new credit, credit utilisation, the duration of your credit history, outstanding balance, and credit mix. Many experts advise leaving unused credit cards open because closing them may harm your credit score. If you have not used one of your credit cards in a long time, you might have considered closing it. Is it Better to Close Unused Credit Cards Once the request has been made, a representative of the bank will call to confirm the cancellation request. To raise an online request, you need to visit the bank’s website, fill up the form and submit the request. Some banks offer customers the option of raising a credit card cancellation request online. Submitting an Online Request for Closing the Credit Card How to Close Standard Chartered Credit Card.In the e-mail, you need to provide the details of the credit card that needs to be closed, your personal details, etc. If the facility is available, you will find a dedicated e-mail address to which requests for the cancellation of credit cards can be sent. You can raise a request for closing a credit card by sending an e-mail to the credit card issuer. Sending an E-mail to Cancel the Credit Card You can get the postal address on the official website or by calling the customer care executives. You need to mention all the details regarding the credit card you want to cancel and send it to the authorities of the credit card issuer by ordinary post or registered post. You can also close a credit card by sending a written request to the credit card issuer. By Submitting a Written Request to the Credit Card Issuer Once the request has been raised with customer care, the bank will get back to you and discuss the details for the cancellation of the credit card. You can call the credit card customer care of the respective bank and request them to cancel the credit card that is in your name. Cancel a Credit Card by Calling Customer Care ![]()
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