How to Cancel an SBI Credit Card?

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HOW TO CANCEL AN SBI CREDIT CARD?
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• While credit cards are one of the most valuable
  items in the financial world, cardholders often
  find it difficult to keep them up to date. They
  may also feel compelled to choose a different
  card altogether. In such situations, cardholders
  must close or cancel the credit card they no
  longer wish to use. This is a simple method that
  guarantees the cardholder does not incur any
  excessive fees or charges.

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How to close SBI Credit Card? 

• Call SBI Card Customer Care to close your SBI
  credit card. 
• Call the following helpline numbers to close your
  SBI credit card account  
• 1860 500 1290, 
• 1860 180 1290, 
• 1800 180 1290. 
• (STD Code) 39020202 (it is another SBI credit
  card cancellation customer service number). 
• The representative will inquire about that
  information. Share the information to verify your
  identity and cancel your SBI credit card. 

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How to close SBI Credit Card? 

• Give a written request to cancel your SBI credit
  card. 
• You can also cancel your credit card by writing
  to the address mentioned below. In the letter,
  provide the cardholder's name, date of birth, and
  card number. Never include the CVV or PIN from
  your credit card in a message. 
• The following is the address 
• SBI Card, 
• PO-Bag 28, GPO, 
• New Delhi- 110001 

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Before you order an SBI Credit Card cancellation,
keep the following points in mind. 

• Though it is known that a cardholder may cancel
  or close a credit card at any time, there are a
  few things to consider before beginning the
  cancellation process. The following is a guide
  for cardholders to follow 
• Look to see if your dues have been paid  
• If you have an outstanding balance on a credit
  card that you want to close or cancel, the bank
  will give you a letter to let you know. 
• The credit card cancellation process can begin
  only after the cardholder has paid the
  outstanding balance. 
• According to SBI guidelines, you must first pay
  off any outstanding balances and EMIs on the
  credit card in question before you can begin the
  process of canceling or closing it. 

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• Redeeming reward points entails the following
  steps 
• You should review their reward points that
  haven't been used until closing
  or canceling their SBI credit card.
• You must swap them for items from the bank's
  rewards catalog or use them to get great
  discounts. 
• Within 45 days of the card's cancellation,
  cardholders can reclaim any unused reward
  points. 
• The card should not be used right before the
  cancellation process begins 
• It's not a good idea to use the card right before
  you start the cancellation process because you'll
  get a statement of payment that you'll have to
  pay. Even, if there is a new charge due on the
  account, the bank will not accept a cancellation
  order. 
• The most recent assertion should be
  double-checked 
• Make sure that there is no fraudulent
  transactions have occurred on recent SBI credit
  card statement that you are planning to cancel. 

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Cardholders can face the following consequences
if they close their credit cards. 

• A closed credit card will lower your maximum
  credit cap, lowering your credit score. As a
  result, the credit utilization ratio, or the
  ratio of credit cap to credit utilization, rises.
  An increased credit utilization ratio,
  particularly if it exceeds 30 of the credit
  limit, can result in a lower credit score. 
• Shortened Credit History  If you cancel one of
  your first credit cards, your credit history will
  be cut in half. This could have an impact on your
  credit score as well. 

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THANK YOU 

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