Today we are going to provide you the format of the SBI credit card cancellation request letter in PDF format. If you do not want the SBI credit card cancellation request letter in PDF format, then we will get it provided in text format also. You can use whatever format you like.
Many of you must be using an SBI bank credit card. But most of us have a credit card but we do not use it much. And some people have too many credit cards. But if we want to stop the services of our credit card, then we cannot get it closed through an online method. For this, you will have to send a request letter to the manager of your SBI branch. And when your letter reaches the manager, it will first request you not to close the card. But if you do not agree then your credit card is closed. But if you have used a credit card and have not billed it, then clear it first, otherwise, your card will not be canceled. Before canceling your credit card clear all your credit card pending dues.
- First of all, let us know the reasons why people want to cancel their credit card.
- SBI Credit Card Cancellation Request Letter Formats
First of all, let us know the reasons why people want to cancel their credit card.
Credit card charges (such as yearly charges and EMI charges)
Credit cards have many hidden charges. When we apply for a credit card, we are not aware of all these charges. But when we start using it then we come to know about these charges. Anyway, there is no such credit card of SBI which is lifetime free. In most of the cards in SBI, you have to pay Rs.500 + GST, every year to the SBI card.
And when we do shopping with a credit cards and we are not able to pay the bill, then under compulsion we have to convert the amount into EMI. Yes, it is true that you can easily get bills through EMI, but the interest rate on EMI is very high. Those people whose income is very less, they should use a credit cards wisely.
Late Fees Charges
In credit cards, a maximum time of 50 days is given to pay the credit card outstanding bill. It depends on the billing cycle when you did the shopping. If you do not pay the bill within the stipulated time, then you are charged a lot. That’s why people want to cancel their credit cards. That is why if you use a credit card and are unable to make your payment, you can get the amount converted into EMI. Or you can also pay the entire bill by taking a Personal loan.
If you want to use credit card of any other bank
Nowadays many banks provide the facility of a credit cards. And some credit cards also provide good offers. In such a situation, if you do not use the credit card of any bank much, then you can also get it canceled. If your credit card is lifetime free then you do not need to close it. But if you find the charges on the credit card earlier, then you can get it turned off.
When you think you don’t need any credit card
If you use the card less and mostly use your debit card then you can get the credit card canceled. Because what we do not use at all, we have no importance of having. Yes, more offers are available on credit cards than debit cards. Yes, more offers are available on credit cards than debit cards. But it is up to you that if you do not want to use the credit card, then you can also cancel it.
If you spend extravagantly with a credit card
If you have a credit card and you spend it unnecessarily, you can still cancel your card. Sometimes our credit card limit is high and our income is low. In such a situation, if we use more credit cards, then we are not able to pay the bill on time. In such a situation, we can get the card canceled by clearing the card bill.
SBI Credit Card Cancellation Request Letter Formats
Below I am sharing 2 formats of the SBI Credit Card Cancellation Request Letter. You can use whatever format you like.
SBI Credit Card Cancellation Request Letter Format – 1
State Bank of India,
Branch Name : State Bank of India Sector – 55
Bank Address: STATE BANK OF INDIA, SCO No 35, Phase 1, Sector 55, Chandigarh, 160055
Subject: Credit card cancellation request.
I, Aarish Patial, credit card holder of STATE BANK OF INDIA with my SBI credit card no: 458251458525XXXX. Which was linked to my saving bank account of a/c no 584759XXXX48.
Hence I am not using my credit card, I have decided to cancel it. So please cancel my credit card with immediate effect.
I have cleared all my credit card dues and have Zero dues. So kindly close my credit card.
SBI Credit Card Cancellation Request Letter Format – 2
State Bank of India,
Branch Name : State Bank of India Sector 23 C
Bank Address : SCF 19, 23C, Sector 23 C, Chandigarh, 160023
Subject: Credit card cancellation request.
I, Aaditya Thakur, credit card holder of your SBI bank (SCF 19, 23C, Sector 23 C, Chandigarh, 160023 Branch) with my credit card no: 758412547965XXXX. Which was linked to my SBI saving bank account of a/c no 8748585XXXX12.
I have not been using SBI credit card since last long, So I have decided that I will cancel my SBI credit card. So please cancel my credit card with immediate effect. I will be very grateful to you for this.
I have cleared all my credit card dues. And now there is no liability of any kind on me. So kindly close my credit card. So please kindly cancel my credit card as soon as possible.
How can I cancel my SBI credit card permanently online?
If you want to cancel your credit card without going to the branch, then yes you can also cancel your credit card online. You can write a letter to the SBI Card support team and send it over email. You can also use what we have told you about the format of the SBI credit card cancellation request letter.
Apart from this, you can also get your card canceled by calling the support team of SBI Card. You may be asked for your registered mobile number and date of birth for verification. And whenever you call the SBI card support team for cancellation of the card, do so only from the registered mobile number.
The SBI card support team can try to persuade you. Or can provide you with some offers. As your card can also be lifetime free. If you like the offer then you can cancel the card canceling request. Or if you want to cancel the card then your card will be canceled.
You can also visit the SBI Card website. And from there you will get complete information about it.
- First visit on https://www.sbicard.com website. This is the official website of SBI card.
- After that click on “Get in Touch” option.
After that, you will get many options to talk to the customer support of the SBI Card.
You can choose any of these options and ask the support team to cancel the card.
How much time it will take to cancel my SBI credit card?
Whenever your application is approved by SBI, your credit card services will be stopped. And you will no longer be able to use the card.
Will canceling my credit card affect my CIBIL score?
If you have paid your credit card dues on time and after that, you are canceling your credit card then it will not affect your CIBIL score. So that’s why there is nothing to panic about. CIBIL score gets affected when you do not make EMI or loan payments on time.
Can I get a new credit card if I cancel the SBI credit card?
If you cancel the SBI credit card, then you can apply for the card of any other bank. If your CIBIL score is good and you have paid SBI credit card bills on time, then you can easily get a new credit card from any bank.
Which is best lifetime free credit card?
By the way, there are many such banks that provide Lifetime Free Credit Card. But there are some cards which are lifetime free and also provide good offers. I have written an article on Best Low Income Credit Cards, from there you will get complete information about which credit cards you should apply for.
Nevertheless, I am going to tell you about some good credit cards below.
- IndusInd Bank Platinum Credit Card
- SBI Simply Click Credit Card
- SBI Simply Save Credit Card
- Amazon Pay ICICI bank credit card
- HDFC millennia credit card
Some of these are cards that you can use as Lifetime free credit cards. IndusInd Bank Platinum Credit Card is a lifetime free credit card. And for this, you do not have to pay any joining fee or yearly fee. Along with this, Amazon Pay ICICI Bank credit card is also a lifetime free credit card. And for SBI and HDFC credit cards, you have to pay Rupees 500 plus GST annually. But if you use the credit card more then your annual fee is waived.
Note: We have tried to give complete information about the cancellation of the SBI credit card from our side. But if still any information is missed then you can tell us through comments. We will be glad to assist you.