Close Bajaj Finserv RBL Bank Credit Card

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How to Cancel Bajaj Finserv RBL Bank Credit Card 

Are you looking to cancel your Bajaj Finserv RBL Bank Credit Card? You can do so by following a swift and hassle-free process. You can close your Bajaj Finserv RBL Bank Credit Card online or offline in case you wish to no longer utilise the services of this 4-in-1 credit card. Discussed below are various methods on how to close Bajaj Finserv RBL Bank Credit Card online and offline, the consequences of cancelling a Bajaj Finserv RBL Bank Credit Card on your credit score, and other frequently asked questions such as how to close Bajaj Finserv RBL Credit Card etc.

1. How to Cancel Bajaj Finserv RBL Bank Credit Card Online 

Bajaj Finserv allows you to submit a request to cancel or deactivate a Bajaj Finserv RBL Bank Credit Card online. If you wish to deactivate RBL credit card, you can send an email to supercardservice@rblbank.com and provide the appropriate credit card and personal information for more assistance in closing your Supercard.

 

2. How to Cancel Bajaj Finserv RBL Bank Credit Card Offline 

  • Cancel Bajaj Finserv Bajaj Finserv RBL Bank Credit Card By A Written Request

Send a letter to the nearest branch of RBL Bank stating that you would like to close Bajaj Finserv RBL Bank Credit Card. You may need to send your card split in half, diagonally across the chip or magnetic stripe, along with the cancellation request.

 

  • Cancel Bajaj Finserv Bajaj Finserv RBL Bank Credit Card via Customer Care

You can call the Bajaj Finserv RBL Bank Credit Card customer care at 022-71190900 and enquire about how to deactivate RBL Bajaj Finserv Credit Card. The customer care executive might ask you for details such as your name, date of birth, credit card number and guide you on how to close Bajaj Finserv RBL Bank Credit Card.

 

  • Cancel Bajaj Finserv Bajaj Finserv RBL Bank Credit Card by Visiting The Bank Branch

To deactivate the RBL credit card, you can speak to an executive and make a cancellation request at an RBL branch. You might be asked to submit details such as your name, date of birth, credit card number, etc. Upon receiving your cancellation request, the executive will check if you have any outstanding dues by using the information you’ve provided.

Things to Keep in Mind While Cancelling the Bajaj Finserv RBL Bank Credit Card

  • Wondering how to close RBL credit card, clear all your unpaid dues before you begin the cancellation process.

  • Redeem all the loyalty points and credit card rewards you have earned before you cancel RBL credit card.

  • If you have had a credit card for a while and made all the credit card payments on a regular basis, cancelling it will shorten your credit history and may harm your credit score.

Consequences of Cancelling Bajaj Finserv RBL Bank Credit Card

If you cancel your Bajaj Finserv RBL Bank Credit Card, expect the following:

 

  • Your overall available credit immediately comes down. As a consequence, it might increase the overall credit utilisation ratio, which in turn could negatively affect your credit score. 

  • If you deactivate Bajaj Finserv RBL Bank Credit Card and if it is presently your only line of credit, you risk bringing down your average credit history. 

  • Over time, a decline in credit could result in a steep drop in your credit score, eventually leading to your credit score becoming invalid.

FAQs About Cancelling Bajaj Finserv RBL Bank Credit Card

  • ✔️Can the bank close my Bajaj Finserv RBL Bank Credit Card Account without asking me?

    All credit card companies have the right to close your account due to inactivity and don't have to give you notice that they're doing it. If they close an account for other reasons, such as an adverse credit report, they must notify you within 30 days after taking the adverse action.

  • ✔️Should I deactivate my unused Bajaj Finserv RBL Bank Credit Card?

    In general, it's best to keep unused credit cards open so that you benefit from longer average credit history and a larger amount of available credit. Credit scoring models reward you for having long-standing credit accounts, and for using only a small portion of your credit limit.

  • ✔️In what cases should I close the Bajaj Finserv RBL Bank Credit Card?

    If a card has high fees or a low limit, you may consider cancelling it. For low-limit cards, your utilisation won't be harmed too much if you cancel. But keep in mind that it's better to close newer accounts and not close those accounts you've had since the beginning of your credit-building tenure.

  • ✔️ Does Cancelling Bajaj Finserv RBL Bank credit card affect credit score?

    When you close or cancel Bajaj Finserv RBL Bank Credit Card, the prevailing credit immediately comes down. This can increase the overall credit utilisation ratio, and thus negatively impact your credit score.

  • ✔️Can I cancel the additional card without cancelling the primary Bajaj Finserv RBL Bank Credit Card?

    Yes, you can. To do the same you can either use an online mode or  cancel it offline.

  • ✔️ Is it possible to redeem the credit card points before I begin the process to close my RBL credit card?

    Yes, it is possible. You should redeem all the credit card reward points as well as the loyalty points that you have earned before you cancel your credit card.

  • ✔️Should I clear any outstanding dues before I cancel the Bajaj Finserv RBL Bank credit card?

    It is highly recommended that you clear the outstanding dues else you would not be able to cancel your Bajaj Finserv RBL Bank credit card.