How to Close Axis Bank Credit Card: Closing an Axis Bank credit card requires a correct procedure to avoid any financial or credit score impact. Whether you no longer need your credit card or want to switch to a different provider, understanding how to close Axis Bank credit cards properly is essential.
In this guide, we provide you with a step-by-step process of how to close Axis Bank credit card, things to consider before closing an Axis Bank credit card, and the impact of card closure on your credit score.
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How to Close Axis Bank Credit Card with Different Ways
Axis Bank offers multiple ways to cancel a credit card. You can choose from online, customer care, or offline methods depending on your convenience.
It is essential to follow the right method to avoid any complications in the closure process. Closing Axis Bank credit card for students also follows a similar process:
How to Close Axis Bank Credit Card via Customer Care
One of the easiest ways to initiate your Axis Bank credit card cancellation is by calling customer care. This method is convenient and ensures that your request is processed without unnecessary delays.
Follow these steps to close Axis Bank credit card via customer care:
- Dial the Axis Bank credit card customer care number: 1860-419-5555 or 1860-500-5555.
- Request credit card closure and provide details such as your linked mobile number, the last four digits of the card, and the reason for cancellation.
- Follow the instructions provided by the customer care representative.
- Once the request is processed, Axis Bank will send a confirmation via SMS or email.
How to Close Axis Bank Credit Card Online via Email
If you prefer an online method, you can send an email to [email protected] requesting card cancellation. This method is useful for those who do not have time to visit a branch or make a phone call.
Follow these steps to close Axis Bank credit card via email:
- Mention your name, registered mobile number, last four digits of the credit card, and reason for closure.
- Wait for a response from Axis Bank regarding further verification steps.
- Once processed, you will receive a closure confirmation via email, indicating that your Axis Bank credit card has been successfully closed.
Please Note: After sending the closing email, it is recommended to ask for a written confirmation of the closure for your records.
How to Close Axis Bank Credit Card by Visiting a Branch
For those who prefer an in-person approach, visit the nearest Axis Bank branch and request credit card cancellation.
This method allows you to directly communicate with a bank representative, ensuring a smooth closure process. Follow these steps to close Axis Bank credit card at a branch:
- Carry an ID proof and your credit card to the branch.
- Fill out the credit card closure request form and submit it to the bank representative.
- Once the request is approved, you will receive a closure confirmation, ensuring that your Axis Bank credit card has been closed successfully.
Also Read: Axis Bank Credit Cards with International Lounge Access
Things to Consider Before Closing Your Axis Bank Credit Card
Before you initiate the Axis Bank credit card cancellation process, it’s crucial to evaluate the potential impact on your finances. Closing an Axis Bank credit card can affect your credit utilization ratio, credit history, and financial planning.
Here are a few things to check before moving forward:
- Outstanding Balance: Ensure you clear all outstanding dues, including EMIs, late fees, and penalties.
- Reward Points: Redeem any accumulated reward points before cancellation, as they will expire after closing the card.
- Linked Payments: If your credit card is linked to auto-debit payments, update them to avoid service disruptions.
- Credit Score Impact: Closing a credit card may reduce your total credit limit, affecting your credit utilization ratio and, in turn, your credit score.
Apart from these factors, you can consider the Axis Bank My Zone Credit card cash withdrawal limit before applying for a new credit card with Axis Bank.
What to Do After Cancelling Your Axis Bank Credit Card
Once you successfully close the Axis Bank credit card, take the following steps to ensure everything is finalized. Many people neglect post-closure steps, which can lead to unexpected issues. It’s essential to be proactive and verify that your credit card has been closed properly.
Here’s what you should do after closing your Axis Bank credit card:
- Check Your Credit Report: After cancellation, monitor your credit report to confirm that the card has been marked as closed.
- Obtain a Closure Confirmation: Ensure that you receive a written confirmation from Axis Bank stating that your credit card is officially closed.
- Destroy the Physical Card: Cut the card diagonally across the magnetic strip and chip to prevent misuse.
Also Read: Axis Bank Credit Card Lounge Access List
How Closing Axis Bank Credit Card Affects Your Credit Score
Closing an Axis Bank credit card can impact your credit score in various ways. Many people are unaware of the consequences and may close their credit cards without considering how it affects their credit profile.
Here’s how closing an Axis Bank credit card can impact your credit score:
- Credit Utilization Ratio: Your credit utilization ratio increases when a credit card is closed, which may lower your credit score.
- Credit History Length: If the closed credit card was one of your oldest accounts, it may shorten your credit history.
- Overall Credit Limit: The reduction in your total available credit may affect your ability to secure new loans or credit cards in the future.
To mitigate the impact, consider keeping at least one credit card active or requesting a limit increase on another card.
Understanding how to close Axis Bank credit cards is essential for a smooth and hassle-free process. Whether you choose online, phone, or branch methods, ensure that you clear all dues and redeem your reward points before proceeding.
Additionally, always check your credit report to confirm the closure. By following these steps, you can successfully cancel your Axis Bank credit card without negatively affecting your financial health.
FAQs on How to Close Axis Bank Credit Card
To close your Axis Bank credit card, you can choose from multiple methods, including calling customer care, sending an email request, or visiting a branch. Ensure all outstanding dues are cleared before initiating the cancellation.
Yes, you can close your Axis Bank credit card online by sending an email request to [email protected] with your registered details and card information. The bank will confirm the closure after verification.
You can call Axis Bank’s customer care at 1860-419-5555 or 1860-500-5555 and request credit card closure. Provide necessary details, and once processed, you will receive a confirmation via SMS or email.
Yes, before you proceed with how to close Axis Bank credit card, ensure all outstanding dues, including EMIs, penalties, and fees, are paid in full to avoid any issues with closure.
Any unused reward points will expire once you close your Axis Bank credit card. It is recommended to redeem them before submitting a closure request.
Yes, closing an Axis Bank credit card can impact your credit score by increasing your credit utilization ratio and reducing your overall credit history. To minimize the effect, ensure you maintain a low credit utilization ratio on other cards.
After completing the cancellation request, verify your credit report and obtain a written closure confirmation from Axis Bank to ensure the process is fully completed.
No, once you close an Axis Bank credit card, it cannot be reopened. If you need a credit card again, you must apply for a new one.
After closing your Axis Bank credit card, check your credit report, obtain a closure confirmation from the bank, and destroy the physical card by cutting it across the chip and magnetic strip.
Axis Bank does not charge a penalty for closing a credit card, but if you have unpaid dues or EMIs, you must settle them before proceeding with the cancellation.
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