How to Close an IndusInd Credit Card – Step-by-Step Guide

Key Insights
 

1. Make sure to pay off any outstanding dues and use up your rewards before closing your card. This helps you keep your credit score safe from any surprise charges.

2. You can close your card by calling 1860-267-7777 or by visiting a branch. An expert will help you with the process and confirm when your card is deactivated.

3. Try not to close it right before applying for a big loan, since this can lower your credit score for a short time and make it harder to get approved.

Are you considering closing your IndusInd Credit Card? Let's break it down into simple steps for you. You can permanently close your credit card online from anywhere or visit your nearest IndusInd Bank branch.

Closing an IndusInd Bank Credit Card is similar to cancelling a membership, meaning all benefits and future transactions are halted. This official process indicates you are ending the financial relationship with the card.

Example:

I began by paying off my remaining balance of ₹5,250. Then, I contacted the customer care helpline to request the closure of my card. After confirming that I had no pending cashback, my account was closed once the verification was complete.

Now that you understand the basics, we can go through the steps to ensure the closure goes smoothly.

Steps to Close an IndusInd Credit Card

There are some steps you need to follow to close your IndusInd Bank Credit Card. These simple steps help you close your IndusInd Bank Credit Card.

Here is the list of the steps to close an IndusInd Credit Card online.
 

These are the steps you need to follow to close your IndusInd credit card. You can save your time in online processes such as IndusInd netbanking and customer care.

What Happens After an IndusInd Credit Card Closure?

After your IndusInd credit card is closed, it is permanently deactivated. All transactions will be blocked right away, so you will not be able to use the card for purchases or payments. Your account will be officially closed.

If your credit card payment is due, it will affect your credit score. So, make sure you pay all outstanding bills and redeem your rewards points before closing your credit card. 

Bonus Tip: If you are getting ready to apply for a big loan or a mortgage, it is a good idea not to close your credit card just yet. Doing so could temporarily lower your credit score and make it harder to borrow.

Precautions Before Closing an IndusInd Credit Card

There are some precautions you need to follow before closing your IndusInd credit card. Follow if you don't want trouble applying for the other credit card.

1. Consider the Impact on Your Credit Score

When you close your credit card, your credit score will change in a few ways. For example, the Dev credit utilisation ratio might go up. Dev uses available credit, which shows the ratio; a higher ratio can lower your credit score.

2. Evaluate the Need for the Card

Think about whether you really need the credit card. If it has no annual fee and gives you good benefits, it might be worth keeping. 

You could also switch to another card without an annual fee to avoid paying the cost, while still keeping your account history.

3. Opt for Closure at the Right Time

It's good to close your credit card when it's not that important, if you want to apply for a loan, because sometimes it's harder to get approval if you have a credit card.

If you follow these steps, you don't need to worry about future problems and can easily apply for another credit card.

Bonus Tip: Do you know? IndusInd Bank helps you find the best credit card based on your financial stability. 

Conclusion

You can follow these simple steps to close your IndusInd credit card, whether you do it through net banking, customer care, or at a branch. After closing the IndusInd credit card, you will no longer be able to use it, as no services will be available to you.

FAQS

How long does it take to close an IndusInd credit card?

Generally, it takes 7 to 10 working days to close your IndusInd Bank Credit Card.

I have a negative balance (extra payment) on my card. What happens to my money when I close it?

Yes, you will get your money back, and your reward points will be converted into cash. Just contact the customer care. The IndusInd Bank refunds the outstanding balance into your account.

Can I submit an official request for cancellation of my card through the bank's 24-hour helpline?

Yes, you can request to cancel your IndusInd Bank credit card by calling the bank’s 24-hour helpline.

Should I destroy the card upon cancellation?

Yes, you should destroy your card after the cancellation is confirmed. Please cut the card into two pieces.

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.