The SBI card is a credit card offered by the State Bank of India. If you need to cancel your SBI card, make sure that all of your pending transactions have posted to the account. Once everything is posted, confirm that your account has a zero balance. Call SBI to cancel your credit card account and destroy your card.
Part One of Two:
Checking The Status of Your CardEdit
1Take a look at your credit card statement. Make sure your payments are up to date. You cannot cancel your card unless you have a zero account balance. Cardholders can access their statements online at www.sbicard.com or by calling the customer care number.
- You’ll find the customer care number on the back of your card and on the card statements you receive.
- Check your most recent statement to verify your credit card balance at the end of the prior month.
2Confirm that any recent credit card payments have posted to your account. Make sure to pay for all transactions that you have made during the current billing cycle. These are transactions that have occurred since the end of the prior month.
- Use your credit card receipts to verify the total expenses that you’ve incurred since the end of the prior month.
- Remember to cancel any automatic payments that post to your card each month for products and services. Call the company and cancel your automated payment. The company may require you to cancel the planned payment several weeks before it is due. Take those situations into account before you cancel your SBI credit card.
3Wait to cancel your card until all payments have posted. If a card payment or a credit card expense has not posted to your account, wait until all transactions have posted before you cancel your card. You want a full accounting of all activity.
- Compare your online account activity with your hard copy receipts.
- You should also compare the online transactions with your documentation of any payments, such as a card payment posting to your personal bank account.
Part Two of Two:
Canceling Your AccountEdit
1Call SBI customer care to cancel your card. Their number is on the back of your card, or listed on your card statements. You’ll also find the number online.
- Go through the automated prompts to get to the right place. You will be asked to enter your credit card number and date of birth.
- Once you get to an operator, ask them to close your account and cancel your card. They will usually process your request within two weeks.
2Keep the SMS number you receive. The SMS number is a reference number that is sent by text. Keep this number for your files. This number verifies that your account was cancelled.
- Do not use the card or card number for any future purchases.
- Once your card has been cancelled, destroy it by cutting your card in half, diagonally.
- Wait to receive a confirmation letter in the mail. It may take several weeks for SBI to cancel your account. If you have not received a letter by the next billing period, contact SBI at the customer service number to verify that they have cancelled the card.
3Protect your credit rating. Remember that credit card companies can report your card use to credit reporting agencies. The agencies used this data as a factor in determining your credit rating.
- Fraudulent use of your credit card can damage your credit rating. To prevent someone from using your card, cut the card as instructed by SBI.
- Check your last credit card statement to confirm that all of your final transactions were legitimate.
- If incorrect information is reported to a credit agency, call your credit card company to get the information corrected. This will also prevent your credit rating from being damaged.
You're helping people by reading wikiHow
wikiHow's mission is to help people learn, and we really hope this article helped you. Now you are helping others, just by visiting wikiHow.
World Possible is a nonprofit organization focused on connecting offline learners to the world's knowledge. They work to ensure that anyone can access the best educational resources from the web anytime, anywhere, even if they do not have an internet connection.
Click below to let us know you read this article, and wikiHow will donate to World Possible on your behalf. Thanks for helping us achieve our mission of helping people learn how to do anything.
My SBI Credit Card has not been used for the last three months and there is no balance on my card. Do I have to apply for cancellation, or it will be done automatically?Answered by wikiHow Contributor
- You will have to apply for cancellation, or else you would have to accrue annual charges et cetera, even if you do not use the card.
I lost my SBI credit card 10 years ago, and I have forgotten my credit card number. How do I cancel it?Answered by wikiHow Contributor
- While 10 years is a long time, the bank will still have your details. Contact customer care and give them your name, your PAN number, and your date of birth. Once they have verified your details, ask them to close your credit card account.
What do I do if customer service is useless when trying to cancel a credit card?Answered by Donagan, Top Answerer
- Stop using the card. Cut it up and throw it away. If you owe money on the card, pay if off as soon as you can. Failure to do so can hurt your credit score. The card company will eventually contact you, and you can cancel at that point.
Will I be charge without activate the card while receiving I would like to terminate?
Do I have to pay the annual fee if I cancel my card before a year is up?
If I received an SBI credit card and did not activate it, will the annual charge still be applied?
Will I be charged if I don't activate the credit card after receiving it?
What can I do if I am not being connected to SBI customer care and need to cancel my credit card?
- Avoid defaulting on your card in an effort to cancel the account. Doing so will adversely affect your credit rating and subject you to debt collection calls, emails and letters from SBI cards. SBI may also sell the account to third-party collection agencies.
- Do not report your card as lost or stolen as a means of canceling your account. Per the terms and conditions of the card, SBI may contact the authorities regarding the loss or theft.
Expert Review By:
Reader Success Stories
DP"I wanted to know the steps to return a credit card. Your article helped me a lot. Thank you so much."
IK"Consolidated information is helpful in deciding. Thanks."
MM"Excellent piece of advice in simple terms."
CA"Good graphics and procedure clarity."
SB"I wanted to cancel my credit card. "
DS"How to return my credit card."
AH"I kindly closed my card."