A credit card is a type of card used to borrow money from a bank in an emergency need. And interest is applied on that amount. You have to repay that money in a certain period. Credit cards are helpful to fulfill emergency needs for funds. There are two types of credit cards, i.e., secured and unsecured cards.
A secured credit card is one in which you have to pay an amount for a security deposit, which the bank uses when you miss repaying. An unsecured credit card is when you need not deposit any security, and they offer you better terms. But those who have a poor credit history they are cannot have an unsecured credit card.
Sometimes, the person won’t use a credit card, and he realizes that it is of no use, then he decides to close it permanently. And if a person has a habit of overspending than he can afford, this can lead him to a dilemma, so he thinks to close the card. They think that it is hard to close the card, but the step is very simple to close it. But one should remember a few points that will help them close a credit card without any interruptions. And when you apply for the closing of a credit card, the process will take up to 7–10 working days to close it permanently.
Closure process for Axis Bank Credit Card
If you have an Axis Bank credit card and you want to close it permanently without any problem, then there are two ways to do that by sending an email or by calling customer care; here are the ways by which you can close your account:
You can also call the customer helpline to get your credit card closed. Customer helpline are 1800-233-5577 / 1800-209-5577 / 1800-103-5577.
Things to remember while closing an Axis Bank credit card
Before you deactivate your credit card, you should remember some points to help you close your credit card easily. The things to remember are:
You should clear all the dues, pending loans, EMIs, or any other charges that are due on your credit card.
The unredeemed rewards and exit on your credit card that is needed to be redeemed within 45 days of closure of your credit card.
If there are any pending dues on your card while you applied for credit card closure, those dues cannot be transferred to another credit card that should be cleared first.
If you have an Axis Bank credit card and you don’t use it or feel that it is not useful to you or are worried about overspending than you can afford, you can apply for the closing of a credit card. You can follow the above steps that will help you to close your credit card easily. While you are applying for the closure of a credit card, you should remember some points explained above.