People may have any number of reasons to want to close their credit card. They may have found a better one or they may be looking to restrict any additional expenses. In this page, we will talk about how to close your Yes Bank Credit Card.
Yes Bank has a very clear and simple procedure on how one can cancel their credit card. Here’s what the procedure looks like:
YES BANK Limited, One India Bulls Park,
No.14, 3rd Main Road,
Ambattur Industrial Estate, Ambattur,
Chennai - 600058
After the bank receives the request, further action will be taken towards clearing the cancellation request.
There are a number of things you need to keep in mind, when cancelling your Yes Credit Card. Here they are:
A credit card is seen as an open line of credit by the credit information bureaus, which means when a card is close, the agencies look at a money source being wiped off from a person’s profile. Besides, when a card is closed, it will bring up the Credit Utilisation Ratio (CUO), which is basically the total funds available against the amount used up. The individual’s report will reflect that they are spending way more than they used to. This could negatively impact the credit score, so it is essential to think carefully before cancelling a card.
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