As we know credit card helps in the growth of credit score, so customers may want to either upgrade the credit card or may want to cancel the same. Depending upon the cardholder's will, the cardholder must know how to close Axis Bank credit card.
Let's now know the different ways to Close, Cancel or Deactivate ICICI Credit Card and the consequences of the same.
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Additional Info: Get Rs. 500 Per Day in a Delay of Credit Card Closure
It is very important to close or cancel your credit card in an opt manner so as to avoid its effect on your credit score. Axis bank provides many ways to cancel a credit card.
A cardholder can get the credit card closed or cancelled by calling the customer care centre, by making a request in writing, or through e-mail or via an online application.
Let's now discuss how to close axis bank credit card in detail and its ways.
Below mentioned are the different methods that can be used to close or
deactivate the credit card:
A) Closure of credit card by calling customer care
B) Closure of credit card by calling submitting a written request
C) Closure of credit card by writing an E-mail
D) Closure of credit card by calling submitting an online request
Let us now discuss them in detail one by one.
For deactivation of the Axis Bank credit card, make a call on the customer care number. Raise a request for getting the credit card cancelled, after which a call from the bank's representative would be received to know the reason for cancellation and for confirming some other details.
Credit cardholders can also get the card cancelled by submitting a written request. A credit card closure letter must be first written to the Axis bank branch manager. This letter would contain details like credit card number, cardholder's name and contact details. At last, it should be sent in person at the postal address of the branch.
For the credit card closure through E-mail, the credit cardholder can do so by writing an e-mail to the branch. E-mail ID on which mail is to be sent can be taken from the branch.
Also, a cardholder would be required to submit credit card details & personal details like name, address, date of birth (DOB) etc., at the time of sending mail.
For closure of credit cards, the credit cardholder can also fill the axis bank credit card closure form online as well. Open Axis Bank's official website. Fill the same and then submit it. After which a call from the bank's representative would be received to know the reason for cancellation and for confirming some other details.
One should keep in mind the below-mentioned things before closing Axis Bank credit card:
Before initiating a request for cancellation of a credit card, one should pay off all the outstanding dues and Emi's, if any. As the lender bank will not cancel the card without clearance of dues.
The card shall not be used by credit cardholders once the request for cancellation has been raised. In case the same has been used, Axis Bank can revoke the request for cancellation.
One should redeem all the balance, i.e. unclaimed reward points that were earned while using the card, before raising a request for cancellation.
Know the exact date of card blockage to avoid any fees or charges.
Once the request has been raised for the cancellation of a credit card, the cardholder must deactivate the automatic bill payment. In case the bank takes time in processing the cancellation request, the cardholder would then need to pay extra charges due to the same.
The lender would grant the cardholder a written confirmation after the closure of the credit card.
In case of termination of a credit card, the total credit card limit gets reduced, as a result of which credit score gets affected. Also, if the expenses of the cardholder remain the same, it may then increase the credit utilization ratio, which would, in turn, reduce the credit score. This
would end up adversely affecting the credit score and also getting a
The answer to the question is Yes, but only if the credit cardholder uses
more than one credit card. As explained above, the cancellation of one of the credit cards would result in a reduction of the overall credit limit but
simultaneously an increase in the utilization of the credit limit. So, in this way
, cancellation or closure of credit cards would adversely affect CIBIL score.
In case Axis credit cardholders want to reactivate a deactivated credit card closure request, they need to initiate a request for the same. This can be done only in a case where the cardholder has himself raised the request for deactivation.
Firstly the cardholder is required to call the customer care centre and validate some details like the card number, DOB, registered mobile number.
You can reactivate Axis bank credit card by sending an e-mail as well to the bank along with ID Proof and a passport size photograph.
Add on cards automatically gets cancelled once primary cards are terminated.
The answer is Yes, they can close it if the bills are not being paid on the due date or the terms and conditions are not being followed. Also, the bank can terminate the credit card as well.
It usually takes at least 4 - 6 weeks for the changes pertaining to the closing of a card to get reflected in the credit report.
If the cards are closed, it gets important that the same shall get reflected in the credit report. A dispute shall be filed with the credit card bureau. Also, contact the credit card provider to do the needful at the earliest.
Below mentioned are the steps for getting an Axis bank credit card closed:
Credit card issuers will close the account if it is unused for some time. The time limit of unused cards getting closed is 12 to 24 months.
Yes, you can close credit card EMI’s by making prepayments for the EMI or loan that you took on the credit card. Your bank will close the loan account or EMIs once you make full payment of the amount borrowed.
The unbilled amount is the amount that you have to spend on your credit card but which is not billed in the current Axis Bank credit card statement. The same shall be billed in the next Axis Bank credit card statement that you will receive.
It means the credit card limit is exhausted. Until the payment is being made, the credit card provider will not allow the cardholder to borrow any money.