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    How to Close or Cancel Amex Credit Card

    A lot of people use credit cards, but sometimes they can feel that a particular card they own doesn’t suit their needs anymore. Instead of soldiering on with the card, they choose to cancel the card and look for other options. Here, you will read about how you go about cancelling your AMEX Credit Card cancellation in India.

    How To Close Or Cancel Amex Credit Card

    American Express, or simply Amex, has a short and clear cut procedure, which every individual looking to cancel or close their card can follow. Here’s what the process looks like:

    You will need to send a written request for cancellation to the following address:

    American Express Banking Corp.,

    Cyber City Tower C, DLF Bldg.

    No.8, Sector - 25, DLF City Ph II,

    Gurgaon - 122002.

    Also, the request should include your card, which should be cut up in pieces so that no transaction is possible through the card. The termination request is only processed once the bank receives the cut cards from your side.

    Things To Keep In Mind When Cancelling Amex Credit Card

    Here are a list of things you need to keep in mind and do before going ahead with cancelling your AMEX Credit Card:

    • Avail all your reward points: Before filing a cancellation request, you need to check if you have any unclaimed reward points. Also, if you do, make sure to use them off because once you put in the closing request, you will not be able to avail them.
    • Clear the outstanding amount: The credit card company does not entertain any cancellation requests unless all the outstanding dues are cleared. This doesn’t just include the card you us, Any dues on a supplementary card should also cleared and should be cut and sent to the company.
    • Cancel all automatic payments: People tend to map their credit cards to make some automatic payments. For instance, they sign up on streaming sites and other services and allow for monthly subscriptions to be paid automatically. If you have any such payments on your card, make sure to cancel them. As an unexpected billing during the cancellation procedure will complicate and delay the process.
    • Ask for a confirmation letter: When you send in your cancel request, make sure to ask for a confirmation letter. Most card companies offer these letters, but it is better to be on the safe side and ask for confirmation and tell them to include the effective date on which the cancellation will be done.

    Will A Cancelled Or Closed Credit Card Affect Your Credit Score?

    A credit card is often seen as an open credit line, hence the credit you get on the card will have an impact on your credit score. So, any cancellation of a credit card limits the funds available while increasing your credit utilisation ratio. Due to this, your credit score is very likely to be affected.

    Check How to Close or Cancel Other Banks Credit Card Online
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