HSBC or Hongkong and Shanghai Banking Corporation is a commercial banking company offering its services across the globe. If you are using an HSBC credit card and due to any reason like the annual fee is too high, required certain minimum balance, etc. you want to close it, this article is for you. Today in this article you will learn How to Close HSBC Credit Card | Cancel HSBC Credit Card?
We will discuss the various ways by which you can close your HSBC credit card.
We will discuss the methods in a while but you must know the below important points before canceling or closing your HSBC Credit Card.
Points to Know before proceeding to close HSBC Credit Card
Outstanding Balance: Once HSBC receives a request for credit card cancellation or closure, it will convert the entire outstanding due on the card, pending loans, EMI facilities, balance transfers, and any other charges into due. So, It is necessary to clear your balance or dues on the card before requesting the card cancellation. Banks will not accept your request if there are any due payments.
Utilize the Reward Points: The reward points accumulated on your card account should be redeemed. The reward points can be redeemed against card outstanding or against Gift Vouchers available in the rewards catalog.
Avoid Using Credit Card: After having decided to cancel a credit card, make sure not to make payments through the card or make any such transactions. If there is any balance on the card the bank will not cancel the card.
Cancel automatic payments: As a Credit card is usually set for automatic payment every month on a particular day, make sure to Cancel all Auto debit facilities from your card like loan deduction, any Policy auto deduction, EMI, etc.
Options to consider before canceling your HSBC Credit Card
In case you are looking for alternatives before canceling your HSBC credit card you can consider the below points.
- If you have an HSBC credit card that doesn’t charge any annual fee, then you can always stay with it. Your account will keep adding credit history in that way, and it also won’t hurt your credit if you don’t use the card.
- You can request for product change without closing your HSBC Credit card. call customer care and ask if there is any card available based on your requirement. Like you can opt for a credit card that does not charge annual fee.
If you still think you need to close your HSBC credit card read the article further…
Close or Cancel HSBC Credit Card Online Using Net Banking
- Visit HSBC Internet Banking official website and login using your Username and Password. If you are from other country you can change country as well.
- Click on the Request tab and write a message, include your credit card number and state that you want to close your card.
Close or Cancel HSBC Credit Card by Calling HSBC Customer Care
HSBC customers can close or cancel their credit card by calling the HSBC customer care number 1800 267 3456 or 1800 121 2208.
If you are staying overseas call the number +91 4061268002 or +91 8071898002.
NRI customers can call the number 1800 209 0100 / 1800 121 2209 from India.
Call the above number, once the call connects to the executive, request them to close your credit card. They will verify your personal details like Card Number, Name, Mobile number, etc.
After Verifying your personal details they will check your credit card balance if all dues are cleared they will close your credit card without any issue.
Close or Cancel HSBC Credit Card by Visiting the Bank Branch
You can visit any HSBC bank branch, write an application letter to close your credit card. Make sure to mention your name, card number, mobile number, and other details in your written request.
After verifying your details successfully mentioned in the request, the bank will proceed to close your credit card.
NOTE: HSBC advises the customers to cut their card into pieces across the Chip and magnetic stripe, post-submission of their closure request to avoid and duplication of the card.
In this article, we have discussed How to Close HSBC Credit Card | Cancel HSBC Credit Card by calling Customer Care, visiting a bank branch, and requesting online through Net Banking.
You can close or cancel a credit card any time you want, but you should think over the advantages and disadvantages of it before you proceed.
If It is possible keep your old account active as it will boost your credit, and you could always consider a product change instead of account closure.
1860 108 7788 or 1860 500 2277
a. Login to HSBC Internet Banking with your user ID and password, look for the request tab and submit your request to close your credit card.
b. Call HSBC customer care number 1860 108 7788 or 1860 500 2277, verify your details, and request to close your credit card.
c. You can also visit any HSBC branch and submit a written request to close your credit card.