Bajaj Finserv and RBL Bank give users of RBL Bank Credit Card easy and hassle-free credit card cancellation options. You can close your Bajaj Finserv RBL Bank Credit Card online or offline in case you wish to no longer avail 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 an Bajaj Finserv RBL Bank Credit Card on your credit score, and other frequently asked questions on the Bajaj Finserv RBL Bank Credit Card close process.
Close Bajaj Finserv RBL Bank Credit Card Via Email
Write to firstname.lastname@example.org
Close Bajaj Finserv RBL Bank Credit Card Via Customer Care
Bajaj Finserv enables you to submit a request to cancel or deactivate an Bajaj Finserv RBL Bank Credit Card online. You can send an email to email@example.com and provide the appropriate credit card and personal information for more assistance in closing your Supercard.
Send a letter to the nearest branch of RBL Bank stating that you would like your Bajaj Finserv RBL Bank Credit Card to close. You may need to send your card split in half, diagonally across the chip or magnetic stripe, along with the cancellation request.
You can make a call to the Bajaj Finserv RBL Bank Credit Card customer care executive at 022-71190900 and enquire about how to deactivate Bajaj Finserv RBL Bank 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 steps to close Bajaj Finserv RBL Bank 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 would check whether you do not have any outstanding dues by using this information.
Firstly, before beginning the process and to save time, clear all your unpaid dues.
Remember to redeem all the loyalty points and credit card rewards you have earned before you think about cancelling your credit card.
If you cancel your Bajaj Finserv RBL Bank Credit Card services, 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.
Moreover, if you deactivate Bajaj Finserv RBL Bank Credit Card and if it is presently your only line of credit, you risk to bring down your average credit history. Overtime, this could result in a steep drop in your credit score, eventually leading to your credit score becoming invalid.
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 the cardholder within 30 days after taking the adverse action.
In general, it's best to keep unused credit cards open so that you benefit from a 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.
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, not accounts you've had since the beginning of your credit-building tenure.
You can close Bajaj Finserv RBL Bank Credit Card online by sending an official credit card cancellation request via mail at firstname.lastname@example.org. Make sure you provide the necessary personal as well as credit-card related information to ensure smooth processing of your request.