Looking to close your Axis Bank credit card? Whether it’s because you no longer need the card, want to avoid annual fees, or simply wish to switch to a different credit card provider, closing your Axis Bank credit card can be a straightforward process. In this guide, we will walk you through the steps to ensure the procedure is smooth and hassle-free.
Why You Might Want to Close Your Axis Bank Credit Card
While owning a credit card can offer numerous benefits such as rewards, cashback, and financial flexibility, there are valid reasons to close your Axis Bank credit card, including:
- High Annual Fees: If the card charges a hefty fee that outweighs the benefits, closing it might make sense.
- Switching to a Better Card: You may want to upgrade to a credit card that offers better rewards or more favorable terms.
- Reducing Credit Exposure: Some users prefer to limit their credit exposure by maintaining fewer credit cards.
- No Longer Using the Card: If the card isn’t being used, it’s wise to close it to avoid any unnecessary charges.
Things to Consider Before Closing Your Axis Bank Credit Card
Before you proceed with closing your Axis Bank credit card, consider these important points:
- Clear All Outstanding Dues: Ensure that your credit card has a zero balance before initiating the closure process. Any unpaid bills can result in additional interest or late fees.
- Redeem Rewards Points: If your Axis Bank credit card offers rewards points, make sure to redeem them before closing the account. Once the card is closed, you won’t be able to access or redeem those points.
- Impact on Credit Score: Closing a credit card can slightly impact your CIBIL score as it affects your credit utilization ratio and credit history. Keep this in mind if you plan to apply for a loan or another credit card in the future.
- Use an Alternate Card: If you’re reliant on a credit card for regular transactions, ensure you have an alternative card available for use after closing the Axis Bank credit card.
4 Simple Ways to Close Your Axis Bank Credit Card
Axis Bank offers several methods to close your credit card, whether you prefer doing it online or offline. Here are the available options:
1. Close Axis Bank Credit Card via Customer Care
The most convenient method to close your Axis Bank credit card is by contacting the Axis Bank Customer Care. Here’s what you need to do:
- Call the Axis Bank customer care helpline at 1860 500 5555.
- Inform the representative that you wish to close your credit card.
- Provide necessary details like your credit card number and verification information.
- The customer care representative will initiate the closure process and provide you with a reference number for the request.
It usually takes around 7-10 working days for the closure to be processed.
2. Close Axis Bank Credit Card via Written Request
Another option is to send a written request to Axis Bank’s head office or branch. Here’s the process:
- Write a formal letter requesting the closure of your Axis Bank credit card.
- Include your credit card number, account details, and a reason for the closure.
- Mail the letter to Axis Bank Credit Card Division at the official address: Axis Bank Limited, Credit Card Division, Axis House, C-2 Wadia International Centre, P. B. Marg, Worli, Mumbai – 400 025.
Make sure to send the letter via registered post to ensure it is tracked.
3. Close Axis Bank Credit Card via Email
Axis Bank also allows customers to submit their credit card closure request via email. Here’s how:
- Draft an email mentioning your request to close the credit card. Include your credit card number, personal details, and reason for closure.
- Send the email to [email protected].
The bank will respond with further instructions, and the closure will be initiated within a few days.
4. Close Axis Bank Credit Card via Axis Bank Branch
You can visit the nearest Axis Bank branch in person to close your credit card. Here’s how:
- Carry your credit card and a valid ID proof.
- Fill out the credit card closure form available at the branch.
- Submit the form to the bank officer, and they will process the closure.
How to Check if Your Axis Bank Credit Card Has Been Closed
Once you’ve submitted your request to close the Axis Bank credit card, it’s essential to verify that the account has been successfully closed. Here’s how you can check:
- Contact Customer Care: Call Axis Bank customer care at 1860 500 5555 to confirm the status of your closure request. Provide them with the reference number given during the request.
- Check Your Statement: Ensure that your final credit card statement reflects a zero balance, and no further charges are being made.
- Net Banking or App: Log in to your Axis Bank Net Banking or Mobile App to verify that your credit card account is no longer active.
FAQs on Closing Axis Bank Credit Card
1. Are there any charges for closing an Axis Bank credit card?
No, Axis Bank does not charge any fees for closing your credit card.
2. What happens to my outstanding dues after closing the credit card?
Before the closure, all dues must be paid in full. If any amount is left unpaid, the account won’t be closed until the outstanding balance is cleared.
3. Will closing my Axis Bank credit card affect my credit score?
Closing a credit card may slightly impact your credit score, especially if the card has been active for a long time or if it significantly affects your credit utilization ratio. It’s important to weigh the benefits before closing.
4. Can I reopen a closed Axis Bank credit card?
No, once an Axis Bank credit card is closed, it cannot be reopened. You would need to apply for a new credit card if you wish to use their services again.
Conclusion
Closing your Axis Bank credit card is a straightforward process that can be done via multiple channels, including customer care, email, a written request, or visiting a branch. Make sure to clear all outstanding dues, redeem rewards points, and double-check the closure process to avoid any issues. By following this guide, you can successfully close your Axis Bank credit card without hassle.
