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How to Deactivate SBI Credit Card?

Updated on: 22 Apr 2022 // 29 min read // Credit Cards
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How to Deactivate SBI Credit Card?

You can follow many ways to cancel credit cards issued by banks in India. If you want to learn how to deactivate an SBI credit card, here is everything you need to understand regarding the process. Cancellation of any credit or debit cards should be made very carefully to avoid any financial issues. If the procedure is not correctly done, it may affect the cardholder. Therefore, it is imperative to carry out the cancellation process properly.

Several factors need to be considered as you decide to close your SBI card permanently. Many of them are associated with the procedure that can affect the closing process. Here is everything that you need to know regarding how you can deactivate your SBI card at your convenience at the earliest.

How to Close SBI Credit Card?

There are several ways that you can follow to deactivate your SBI credit card. Here are the four primary ways to close your credit card:

1. One of the most feasible ways to deactivate your SBI credit card would be to call the customer care toll-free number, 1860 180 1290, at the earliest. They will ask you to send a written request to them explaining your issue in a detailed manner. After that, he will need to request it through email. After verification, your credit card will be disabled permanently.

2. If you are looking for convenient answers to how to deactivate SBI credit card, you can submit an official email with your concerns.

3. It is also possible to close your SBI credit card by sending a credit card closure letter to the bank. The letter must be addressed to the branch manager of the bank. All your details regarding your credit card, your name, address, and other details need to be provided in the letter. You can find the branch's postal address online.

4. You can also take into consideration sending an online request to the branch manager. Request them to cancel your membership, close your SBI credit card at the earliest, and back it up with proper reasons. To follow this method, visit the SBI's official website. You will find a cancellation form that you will need to fill out and submit. After successfully verifying your details, your credit card will be disabled as soon as possible if your request gets approved.

If you want to know how to deactivate SBI credit card online, the best way would be to send an online request or drop an email to the branch manager of the nearest State bank. That way, the procedure will be over shortly and safely.

Additional Info: Get Rs. 500 Per Day in a Delay of Credit Card Closure

Things to Keep in Mind

Closing your credit card is a big decision that can affect many things in your financial journey. To be careful, you need to keep a few essential points in mind.

  • If you have not cleared your dues, your verification procedure will not be successful. This will result in your failed application for your credit card cancellation. Before requesting to cancel your credit card, make sure to clear all the dues, and EMI is on the credit card.
  • Make sure you claim all the reward points you might have aren't using that card before applying for its cancellation.
  • If you do not take a written closer confirmation from the lender that your credit card has been closed, you might face some issues in the future. Make sure you get a confirmation with the lender's signature saying that your credit card has been closed permanently.
  • If you are wondering how to deactivate the SBI credit card and are willing to take the necessary steps, make sure you never attempt to make any further purchases from the same credit card. Once you raise a cancellation request to close your credit card to your bank, the card cannot be used by any party after that.
  • If you do not get the exact date of cancellation of your credit card, you might have to pay some extra fees and taxes. Try to get the exact cancellation date to avoid paying any additional taxes after your credit card is permanently blocked.
  • You also need to deactivate automatic bill payments to avoid paying an extra amount of money from time to time. You will also have to pay additional taxes and extra fees if you do not properly deactivate your automatic bill payment. Make sure your bank is cooperating with you in the cancellation procedure. Otherwise, you will have to end up paying more fees.
  • During canceling your SBI credit card, make sure you refrain from mentioning confidential information such as your CVV number or PAN number for safety purposes.

Consequences of Closing SBI Credit Card

If you are thinking of how to deactivate SBI credit card, you need to keep in mind that a few consequences may occur in the future. 

Some of the most probable consequences take place after closing an SBI credit card I mentioned below.

  • If you happen to cancel a credit card that is one of your first credit cards, it will eventually affect your credit history. Canceling one of your first credit cards can shorten the length of your credit history. This may also lead to a negative effect on your credit score in the future.
  • Once you decide to close one of your credit cards permanently, it affects your overall credit limit. Along with affecting your credit history, it increases the credit utilization ratio. Your credit limit and credit utilization ratio are affected if you decide to cancel one of your first credit cards.

Therefore, the major effect that you can expect after closing your SBI credit card will be on your credit score, which will also affect your overall credit limit. This is the most critical aspect that you should consider before going about canceling your credit card.

Does a Cancelled or Closed Credit Card affect your CIBIL Score?

If you have a bunch of credit cards and decide to close one of them permanently, the available credit amount is bound to reduce after canceling one of your credit cards.

Canceling your SBI credit card can also increase the credit utilization ratio, which will eventually negatively impact your CIBIL Score. In case you own only one credit card and you want to cancel that card, your credit score, in that case, will not be disturbed.

However, you have to make sure that you cancel your credit card after paying all your dues, and EMI is pending to be paid from that card.

How to Reactivate a Deactivated SBI Credit Card?

If you have already deactivated your SBI credit card and want to reactivate it again, here is what you need to follow:

You need to call the bank on their official helpline number at 3902 0202 or 18601801290. Use the former number if you are using a local STD code as a prefix.

You also have the option to send an email to their official email id sbicorporate.services@sbicard.com.

You will have to provide necessary details regarding yourself, your profession, and other details. After the formalities are over, the bank will verify your documents, and upon successful verification, the bank will reactivate your SBI credit card that you canceled earlier.

FAQs

✅1. What is the most important thing that I need to keep in mind before closing my SBI credit card?

Ans: You should clear all your EMI's and dues that are supposed to be made from the credit card you are about to cancel. Also, make sure you never share any confidential information, including your PIN number and CVV, with anyone else.

✅2. After doing the formalities, when will my credit card be officially closed?

Ans: After your verification procedure gets over successfully, the bank will send you a written confirmation stating that your credit card has been canceled successfully.

✅3. Will my credit card be considered useless after it is canceled?

Ans: Yes. Once cancelled, your card will be of no use. 

✅4. How to deactivate an SBI credit card safely from home?

Ans: If you are thinking of deactivating your SBI credit card following an online method, the most convenient way for you would be to drop an email to their official email ID explaining all the details they will need to move further with the cancellation process.

✅5. What is the easiest way to cancel my SBI credit card?

Ans: You can send an email with all the details or call the customer care number 18004253800 or 1800112211.

✅6. Will my overall credit limit be hampered if I decide to cancel one of my credit cards?

Ans: Yes. If you cancel one of your mini credit cards, it will have a negative impact on your overall credit score and credit limit.