Many a times, cardholders realise that maintaining a credit card is not an easy affair. Also, there are times when they don't even use a credit card because they get quite used to making payments using their debit card or cash. At some instances, the cardholders also want to move on to using a card that suits their financial needs better. In such situations, the cardholders are advised to cancel or close the card that they do not wish to use any more.
HDFC has an appropriate procedure in place when it comes to cancellation or deactivation of a credit card. After a request is raised by the cardholder, it takes 7-10 working days for the bank to terminate a credit card. A cardholder can cancel an HDFC credit card following some simple procedures. Listed below are the ways to go about it.
How To Cancel Or Close An HDFC Credit Card?
HDFC credit cardholders can close or cancel their credit cards using the methods listed below:
By calling Helpline Number:HDFC Bank credit cardholders can cancel their credit cards any time by calling the toll-free number 1800-425-4332.
Carholders can download the Credit Card Closure Form from www.hdfcbank.com and fill it up. After filling it up, they can send it to the Manager, HDFC Bank Credit Cards, PO Box 8654, Thiruvanmiyur, Chennai-600041. Alternatively, they can write to the manager of the corporate office at the same address. Cardholders are required to mention important details like their card number, name, address, and contact details. However, they should not divulge confidential details like the card’s CVV number and PIN.
Once the process of cancellation is initiated, the cardholder should cut the concerned credit card diagonally. They should also be aware of the fact that once they cancel or close the primary credit card, the add-on credit cards that have been procured will get terminated automatically.
Things To Remember Before Cancelling Or Closing An HDFC Credit Card
While it is perfectly normal for a cardholder to initiate a process to deactivate or cancel their HDFC credit card whenever they want to, there are a few things that they should check before going forward with the process. Listed below is a checklist of things that the cardholder needs to go through before initiating a credit card cancellation process with HDFC:
Payment of Dues: Before cancelling a credit card, the cardholders has to make sure that all the outstanding balance or EMIs on that credit card has been paid. If they initiate the process of cancellation without paying the outstanding balance or settling the EMIs, the bank will notify them via a call or an email on their registered phone number or email id, respectively. Once the bank finds out that the cardholder is yet to settle his dues on the credit card that they want to close or cancel, they will not go forward with the process. According to the terms and conditions laid by HDFC, it is mandatory for the cardholder to clear the outstanding amount before raising a cancellation or closure request with the bank.
Redemption of Reward Points: Before raising a request for cancellation of a credit card, the cardholders are advised to check the number of unredeemed reward points. They can use these points to bag attractive products from the bank’s rewards catalogue. They can also use these points to bag handsome discounts on other products and services.
Should not use the credit card just before cancellation: If the cardholder uses the credit card that they wish to cancel just before closing it, the bank will not take the process forward. Fresh dues on credit cards that are lined up for cancellation lead to termination of the process. The bank will go ahead with the process only once the fresh dues are paid off.
Check latest statement for fraudulent use: Before cancelling their credit card, cardholders should thoroughly check their last credit card statement to make sure that no fraudulent transaction has been made on their card. They must also destroy the card by cutting it diagonally once the card has been terminated by the bank following their request.
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Does A Cancelled Or Closed Credit Card Affect The Cardholder’s Cibil Score?
A cancelled or closed credit card will only affect a cardholder’s CIBIL score if they own more than a single card and use them all. In such a scenario, cancelling a credit card would mean reduction of their credit limit and an increase in the credit utilization ratio. Hence, it can have a negative impact on the cardholder’s CIBIL score. However, since credit cards can be used to build a credit score from scratch, cancelling it might not be a great idea if the cardholder has no other means to build a CIBIL score.
How To Reactivate A Closed Or Cancelled HDFC Credit Card?
Applicants can download the application form for reactivation of closed credit card account from the website, www.hdfcbank.com. Once they fill it up, they can send it to HDFC Bank Cards Division, PO Box 8654, Thiruvanmiyur, Chennai-600041. Once all the necessary documentation and verification is done, the cancelled card will be reactivated by the bank.
Check How to Close or Cancel Other Banks Credit Card Online
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I am using HDFC Bank credit card which was directly taken through Bank .I am using this credit card for the past 3 years .I have got a good credit limit and got all the relevant information about the card process.I have not checked cash back offers and reward points .I have not used this card much so far.
Past 4 years I have been holding HDFC card, earlier I had rewards titanium credit card very recently I upgraded to Regalia card it has yearly fee. They are providing airport lounge facility with travel discounts at make my trip and goibgo. The customer care executives are very helpful but rate of interest is higher for the late fee.
I am using HDFC Bank credit card for the past 2 years which was processed through bank directly. It is a life time free credit card and the credit limit is given for low of 50 thousands only. I am using this card for shopping and many other purposes.
I am using HDFC Bank money back credit card where they have provided with low credit limit of 50 thousands only, its an life time free credit card,there are good EMI option available and charges are nominal. I am using this credit card from past 2 years.
I do have HDFC Jet Privilege card which has the limit of Rs. 2.5 lakhs, they used to give me JP miles based on the transaction either I am on traveling or pleasure trip. Now I am planning to change this card because they don't have anymore in the market.
In HDFC, i am having a credit card which is Regalia and this is my first credit card. I am getting a priority pass on airport and i won't use this card much. There is no annual fee charged on this card and they are not sending any offer related messages for this card.
I am just using the credit card from HDFC and since 2014, i hold this card. There is no much benefits on this card and its like a normal other credit card. They have not increased the credit limit so far. I never interacted with the HDFC customer care till now.
Currently I am holding money back card from HDFC Bank, it has good option to convert the accumulated points into encashment without any hassles, the customer support is proactive but the credit card has the yearly fee anyway its fine for me.
Instant and cash back offers are available always, card has annual fee,I am using this HDFC Bank credit card from last 2.5 years, customer service is very good, EMI options are available but rate of interest is very high and the credit limit is good.
This is a regalia first credit card which I'm using with HDFC and i get a lots of benefits and the limit and facility what they have given against the credit card is really good. This is my longest credit card which I'm using. I get a sur charges waiver off for petrol and for online merchants i get a cashback offers and benefits are more compared to other banks.
I have been using this Hdfc card around six years, they have increased the credit limit initially it was Rs.45,000 now I believe I got around Rs.80,000. They give lots of offers at e commerce site amazon or flipkart, the billing cycle is also convenient.
customer service of the HDFC Bank where if we call the customer care service we need to wait long time, offers for the this card is nominal,I am using this credit card from last 3 years, annual fee is chargeable for this card. This is money back credit card where I get rewards for any transactions purchase.
I was using the HDFC Credit card and since i went to the out of country i have closed the card. They have given me a credit limit of Rs. 40000 and its a hassle free card to use. They are not sending the offer notifications to me on a regular basis. Still i haven't NOC letter and through call centre, i have given the request for surrendering the card.
For past 9 years, i have been using the credit card from HDFC. For the general enquiry, i used to call them and the response is fine. If i pay in time, there won't be any charges and the interest rate is nominal. Presently I'm using Regalia credit card and they provide some credit points so that i can redeem that. 4 point is equal to Rs.1 and I'm getting cashbacks on petrol bunks.
I am using HDFC card for last two years, the offers are good and they keep increasing the limit. Initially I couldn't change the points into cash back now they upgraded the card so its easy to convert all. The customer support is also helpful for my queries, the emi interest is pretty nominal.
I am holding HDFC bank credit card from last 6 months, credit limit of the card is very low, card offers are very good, rewards points system is nominal, customer care service available 24/7 days and if we have any issue customer service resolves quickly.
I am holding HDFC Bank credit card from last four years, where the card limit is good,there are good EMI options available, cash back offers are good but the rewards points benefits is very less but rate of interest on the credit card is nominal.
I am using HDFC Bank credit card where they have provided me good credit limit, its an life time free credit card,there are good EMI option available, I am using this credit card from past 4 year, where their are good reward points and cash back offers.
I am using HDFC Bank credit card from last 1.6 years, Their are many unwanted charges are applicable on the HDFC bank credit card, card has zero annual charges, rewards points system is good, limit of the card is nominal, EMI options are available.
I have HDFC Bank credit card which was directly taken through Bank .I am using this credit card for the past 2 years .This is a free card and i have got the credit card on time without any delay .I am really satisfied with the credit limit .There are good reward points as well as cash back offers .