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