How to Cancel ICICI Credit Card: A Comprehensive Guide

If you’re planning to cancel an ICICI credit card, you’re not alone. It is among the largest and most trusted credit card issuers in India, offering a range of credit cards designed to cater to the various needs of customers. With cashback to lifestyle offers, ICICI Bank has garnered significant shares in the popular credit cards available in the market. However, at times, a cardholder would decide to cancel their credit card. This could be for the reason that he or she feels confused in handling several cards, or he or she is saved from annual fees, or the need for the card no longer exists.

If you are interested in cancel an ICICI credit card, then this article will assist you throughout the process. And there can be a good number of methods, reasons, and all things related to cancellation. And if you let it go on with your current credit score, then you might remain relaxed and enjoy your life. So, let’s discuss how you can efficiently and safely close the account of your ICICI credit card.

4 Easy Ways to Cancel an ICICI Credit Card

ICICI Bank allows its customers to cancel their credit cards in a way that is hassle-free for them. These ways include calling up the customer care department, through email, using net banking, or by visiting a branch. Here’s how each of them could do it:

1. Cancel an ICICI Credit Card via Customer Care

The most direct way of canceling your ICICI credit card is to dial the customer care number of the bank. Here are the steps you could follow for canceling your card through this method:

• Step 1: Dial to ICICI Bank customer care at 1800-1080.
• Step 2: Request for cancellation of credit card. Inform the customer care executive that you are canceling your ICICI credit card.
• Step 3: All Arrears Paid: Ensure that all your arrears are paid, and then your bank will process cancellation on request.
• Step 4: The Bank processes the request. An acknowledgment from ICICI Bank should be received within a few working days.
• Tip: If you are also exploring how to block a credit card in other banks, you might want to check this guide on how to block an RBL credit card.

2. Cancel an ICICI Credit Card Through Email in Simple Steps

You can also terminate your ICICI credit card through email. Here is how to close it in this way: 

• Step 1: Write an email using your registered Email ID and send it to the official ICICI Bank customer care address at customer.care@icicibank.com. 
• Step 2: Your last four digits of your credit card number with your full name and other personally identifiable information required.
• Step 3: Confirm cancellation of ICICI credit card account and verify the pay-off of all dues. Seek confirmation on cancellation.

3. Cancel an ICICI Credit Card Online Using Net Banking

If you are the person who loves to do everything online, worry not, since there is still an option for that. For instance, if you like deleting your credit card on their site, you can also do that by accessing the net banking portal of ICICI Bank. This is how to do it:

• Step 1: Log in to the ICICI Bank Net Banking portal by using your credentials.
• Step 2: Click on ‘Customer Service’ and under ‘Service Requests, credit cards.
• Step 3: Now choose ‘Request for the cancellation of the credit card.’
• Step 4: Then fill out the details of the credit card, reason for cancellation, and finally contact details.
• Step 5: Then hit submit. On submitting the request, the bank representative will reach you to confirm your cancellation request.

4. Visit a Branch to Cancel an ICICI Credit Card Offline

For those who want to meet with the bank over the face, a customer can walk into any ICICI Bank branch. How to block a credit card offline:Step 1: Walk into the nearest ICICI Bank branch.

• Step 1: Visit the nearest ICICI Bank branch.
• Step 2: Ask the teller for a credit card cancellation form.
• Step 3: Fill out a form with authentic information such as credit card number, name, and cancellation reason
• Step 4: Sign the form and submit it to the respective branch once the supporting documents demanded are added to the form.

Once all this is carried out, the bank initiates the cancellation procedure, and information follows when work is successfully done.

What to Know Before You Cancel an ICICI Credit Card

Canceling a credit card needs serious consideration since canceling one can result in long-term financial and credit impacts. Before you cancel an ICICI credit card, do consider the following factors:

1. Utilize All Reward Points

If your ICICI credit card has any reward points, redeem them before the cancellation process. In case of cancellation, all unused reward points will be permanently lost and cannot be retrieved afterwards.

2. Pay All Outstanding Dues

Ensure that all pending balances on purchases, fees, and charges are cleared before cancellation of the card. ICICI Bank will not finalize your cancellation request till your dues are cleared. Furthermore, dues that may be pending after card cancellation may also attract interest and penalties.

3. Avoid Using the Card During the Cancellation Process

Once you have submitted the cancellation request, do not continue using the credit card for new purchases or transactions. Continued use may cause a further delay of the cancellation process or create headaches.

4. Consider the Impact on Your Credit Score

It can even affect a credit score if, for instance, you have only one card. When a credit card is closed, then available credit decreases, which subsequently increases the credit utilization ratio, which might also decrease your CIBIL score if you have many cards and ga ood credit mix, though.

How Canceling an ICICI Credit Card Affects Your Credit Score

Canceling a credit card may have an impact on your credit score in various ways. The impact depends on the number of existing credit cards and how much credit you are utilizing. Here’s what might happen:

• If You Own Only One Credit Card: Closing your only credit card won’t hurt, but it will eliminate your access to revolving credit. Without active credit, it might be difficult to expand your credit profile.
• If You Own Multiple Cards: Sometimes, if you have multiple cards, cancellation of one may result in a credit utilization rate that is somewhat higher. When you cancel a card, your available credit-limit decreases hence, your credit utilization rate goes up. 

How to Reactivate a Canceled ICICI Credit Card

Do you get a change of heart after canceling your ICICI credit card? There’s no problem. You can always ask for the reactivation or even apply for a new one. Here’s what you should do:

• Step 1: You need to call up the customer care at 1800 1080 of ICICI Bank and inform them that you have had a change of heart and want the card reactivated.
• Step 2: The bank representative will guide you through the documentation and authentication process required for reactivation.
• Step 3: Submit the necessary documents and follow the bank’s instructions.

Read More:

• Can We Add a Credit Card in Google Pay?
• How to Close My Axis Bank Credit Card

Conclusion

Cancel an ICICI credit card is not a very complicated process, but one needs to understand what one needs to do. Whatever you go for, i.e., through customer care or email or even net banking or by visiting the branch, see to it that your dues are paid off and reward points redeemed before you decide to cancel your card. Also, note that this will affect your credit score, especially if you carry multiple cards in your hand. Canceling a credit card can affect your credit score, especially if it’s your only card.”

Hence, by following the above steps, you would be able to close your ICICI credit card account in a smooth and stress-free manner without any adverse impact on your credit standing.