How to deactivate a credit card

A credit card is a powerful tool to manage your expenses and even earn rewards for spending money. If used wisely, it can give you significant returns over time. But there may also come a time when you would want to deactivate your credit card. What should you do then? Well, there are several options, and we will explain each of them.

Methods for Deactivating a Credit Card

Deactivating Credit Card By Calling Customer Care

Find the customer care number of your bank and give them a call. It starts the process of cancelling the credit card, and customer care will inform you about the steps for deactivating the credit card.

Submitting a Written Request for Credit Card Deactivation

You can write a letter requesting the bank to deactivate the credit card. It must contain details such as your name, address, and the last four digits of the credit card number. You can send it via ordinary post or registered post. The postal address can be found on the official website of the bank.

Sending an Email Requesting Credit Card Deactivation

You can write an email requesting the credit card issuer to deactivate the credit card. In the email, you need to mention all important details such as your name and address. You can find the email address on the website of the credit card issuer.

Making an Online Request to Deactivate the Credit Card

Bank websites usually offer the option to deactivate a credit card online. You have to find the page for credit card deactivation on the website of the credit card issuer and fill up a form with all the necessary details. The bank will subsequently contact you to confirm the credit card deactivation.

You must consider several factors while deactivating a credit card. Settle all outstanding dues on your credit card. Keep in mind that deactivation also affects your credit score.

If you have any outstanding rewards, redeem them before the deactivation. It is also important to cancel automatic bill payments before deactivating the credit card.