With time, a lot of credit cardholders realise that maintaining a credit card isn’t an easy affair. It requires a lot of financial planning to keep a credit card healthy. In other situations, cardholders might want to opt for other credit cards that suit their financial needs better. Hence, at times, cardholders wish to cancel or discontinue using a credit card. ICICI Bank offers a simple method to its credit cardholders who want to cancel or close their credit cards. Listed below are the various processes that the cardholders can use to cancel or close their ICICI Bank credit cards.
How To Cancel Or Close An ICICI Bank Credit Card?
ICICI Bank credit cardholders can cancel or deactivate their credit cards using the processes listed below:
By filling up a cancellation form: ICICI Bank credit cardholders who want to cancel or close their credit cards can download a cancellation form from www.infinity.icicibank.co.in. On this form, they will need to furnish important information like their credit card number, add-on credit card number, reason for cancellation, city, mobile number, and email id. They can also fill up this form online and submit it. The cancellation request will be generated and the cardholder will receive a call from a bank’s representative who will confirm the cancellation. Once the cardholder gives confirms, the request will be processed within 7 business days. Alternatively, this form can be downloaded, filled, and sent to ICICI Bank Limited. Race Course Circle, Vadodara-390007 or ICICI Bank Towers, Bandra-Kurla Complex, Mumbai-400051.
Cardholders can call ICICI Bank’s toll-free number, 1800-200-8181, to initiate a request to cancel or close their credit card.
Things To Remember Before Cancelling Or Closing An ICICI Credit Card
Although it is perfectly fine for cardholders to cancel their credit card whenever they wish to, there are certain things that they will need to check before initialising the process to close or cancel the credit card.
Listed below is a checklist of things that every cardholder should go through once before initialising a credit card cancellation process:
Payment of outstanding balance: Cardholders should make sure that all the outstanding balance is cleared before they request the bank to cancel or close the credit card. Also, if there are active EMIs on the card, the cardholder should settle them as well. In case the outstanding balance is not cleared, the bank will not register the request to cancel the card. The account will remain active and the cardholder will receive reminders from the bank to pay the outstanding balance.
Redeem reward points before closure: Cardholders are often advised by the bank to utilise their unredeemed reward points before closing their credit card. They can redeem these reward points in order to bag products from the bank’s exclusive catalogue. Alternatively, the cardholders can also use these reward points to get discounts on goods and services from various merchants across the country.
Card should not be used before closure: To make the process of cancellation or deactivation smooth and fast, cardholders should make sure that they do not use their credit card just before initiating the process. This will lead to a fresh set of dues which will ultimately generate a new statement. The bank will not request the process unless the cardholder pays off the fresh set of dues.
Check for fraudulent transactions before cancellation: Cardholders should check their last credit card statement thoroughly to make sure that they have not fallen prey to any fraudulent transaction that has gone unnoticed. This will help them in avoiding new set of fees charges for transactions that they haven’t made on their own. Hence, before initiating a cancellation process, cardholders should always check the number of transactions made, the amount paid for each of them, and the date of payment.
Mr. Sharma enjoys great discounts on dining with his Credit Card. What about you? Get A Card
Does A Cancelled Or Closed Credit Card Affect The Cardholder’s Cibil Score ?
A cancelled or closed credit card will affect the credit score of cardholders who possess more than one card. Since after cancellation of one card, the consolidated credit limit available to the cardholder reduces, their credit utilisation increases. This affects their CIBIL score negatively. However, if a cardholder has a single ICICI credit card, it might not affect their CIBIL score negatively but it will also not make a positive difference to the same. Cardholders whose only means to build a healthy credit score is by opting for a credit card, need the card to build and maintain a healthy credit score. In such cases, financial experts recommend the cardholder not to cancel or close their credit card but to work towards maintaining it appropriately.
How To Reactivate A Closed Or Cancelled Icici Bank Credit Card ?
Applicants can reactivate their closed or cancelled ICICI Bank credit card by calling the toll-free customer care number, 1800-200-8181. The bank will ask them to fulfil certain documentation and authentication formalities before reissuing the closed credit card.
Check How to Close or Cancel Other Banks Credit Card Online
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
I have ICICI bank credit card which was offered through Bank .I am using this credit card for the past 6 months and the credit limit was really good and it was sufficient as well .This was a free card and there are good reward points as well as cash back offers .I have got the credit card on time without any delay .
I am using ICICI Bank credit card which i am using for more than 2 years .I have taken this credit card through bank directly.This was a free card and got the details about the card process through the agent.I have got very good credit limit and this card is good to use .I am very much comfortable with the service so far .
Since three years I am holding ICICI credit card, they are providing complimentary services like airport lounge, pay back points and cash back for the transaction. Apart from these benefits I have fuel surcharges from selected petrol bunks. But I am fine with limit they need to increase.
I have been using ICICI Coral credit card and sometimes, I have been receiving offers like buy one plus one for bookmyshow.com. They are charging 22% interest rate for EMI conversion and basically it depends upon the duration. I think, it has annual fee but it will be reimbursed if I use some amount.
I have a credit card from ICICI. They are providing a offers for taking a personal loan with the lower interest rate compared to other banks. I have salary account with ICICI hence its easy to make the payment. They are providing a very good offers also. I am using this card for almost 6 years.
ICICI Card, i don't do much transaction so far i did only one transaction. From ICICI, their service is good and they are sending the offer messages on a regular basis. I have got a good credit limit of Rs. 65000 and they have charged me a annual fee of Rs. 500+ GST. Got this card 6 months back.
I have ICICI Bank credit card which i have got directly through Bank .I am using this credit card for the past 2 months ,The credit limit was very less it was upto 25,000.This was a chargeable card and the agent gave all the relevant details about the card process.I have got the credit card on time as well.
I have ICICI visa platinum coral credit card, its good for the reward points and cash back based on this transactions. I am holding this card for last one year, on 2015 I purchased I phone around Rs.18,000 then I converted the emi for one year, monthly emi was Rs.1500 at the time. I felt monthly interest was higher it should be reduced.
I am using ICICI CORAL credit card and it has buy1 get1 movie ticket offer but I never availed that. They have given a credit limit which was decent. Its been 6 to 7months and they are not charging annual fee. My wife was telling me that they are offering for movie tickets and points for flight booking hence have gone for it.
I have been using ICICI CORAL credit card and got a good credit limit from the bank. There is no offers. They are not charging annually which am happy. I use this card for multi purpose. The payment mode is easier to pay the outstanding balance.
I use ICICI Coral credit card for past 2 years and the annual fee is chargeable of Rs.500 but it will be reversible as per my purchase. I never tried for EMI conversion so no idea about the charges. The credit limit is very low and they have given me only 40K.
I am having an ICICI credit card and they have provided me a credit limit of 50K. I did not find any difficulty in using the card. The customer service was very good. I never done EMI conversion but it has an option for it. Its been more than 5 years. There is no restrictions, I can use this card for shopping, purchasing textiles, restaurants,fuel also.
I hold ICICI credit card and its been a good experience. The credit limit is pretty decent and the services are very good. I have just recently taken through online. The annual fee is not applicable. I have not received any notification regarding the offers. The process was pretty quicker for getting the card when compared with others.
ICICI is a good card to use and it has a lots features like unlimited spa at airport and unlimited airport launch access in domestic and international. On my birthday, they have given the voucher of Rs. 7500 for having my birthday party at Trident hotel and unlimited wifi access in the airport. I got the limit of more than Rs. 8 lakhs.
The credit limit is average on ICICI Bank credit card. Its been almost 5years and have never approached the credit limit enhancement also they haven't done it. The customer service is good. The annual fee is applicable and I have to pay Rs.500. Its just a basic card.
I am using ICICI BANK credit card recently and its good. The credit limit is very very less only and it would be appreciable if they can increase my limit so that I can use this card frequently. The annual fee is not applicable. There is no hidden charges and the payment mode is easier.
I am using ICICI platinum credit card for more than a year which was processed through a bank directly. It is a life time free credit card. The credit limit is sufficient before, easy to do pay for an online usage and EMI option was applicable. I use for shopping, movie purposes. In this card there is no much offers.
I am holding ICICI bank coral credit card for more than 2 years where they given for a low limit of 35 thousands till not enhanced for further. It is a life time free credit card. EMI option was applicable and charges are nominal. I use for fuel and shopping purpose.
ICICI bank credit card is linked with my salary account hence they have provided me a zero annual fee credit card. I am getting the benefits of ticket booking, cashbacks and others. They have a rewards points system of paybcks which i can convert into cash.
ICICI Bank customer service is available on 24/7 days, I am using this ICICI bank credit card from past three years, EMI option are available its an life time free credit card, credit limit is good, cash back offer and movie ticket offers are good.