It often happens that we accumulate many credit cards. If any of these cards has an annual fee and you do not even use it, then it would be better to close it. Otherwise, money will keep getting deducted unnecessarily every year.

If there is no charge on the card, then there is no need to close it. Now the question is how to close the credit card? This work is very easy. You just have to follow 5 small steps. Let's know about these steps.

1- Pay the dues in full

Before closing the credit card, it is most important to pay all the outstanding balance on it. Even if the amount is ₹ 10, the bank will not close the card until you make the full payment.

2- Use your reward points

Often, people close the card in a hurry, and their accumulated reward points go to waste. Therefore, before closing the card, redeem those points for cash, vouchers, or shopping.

3- Remove auto payment/standing instruction

You may have set auto payment on that card, like an insurance premium, OTT subscription, or EMI. If you close the card, these payments may stop, and your service may also be stopped. Therefore, remove these instructions beforehand.

4- Contact the bank

Now call the bank and tell them that you want to close your card. The bank may ask you the reason and sometimes may also request you to send an email or send a photo of the card after cutting it.

5- Throw the card only after cutting it

The last and most important step is to cut the card diagonally and throw it away. If you throw it in the dustbin like this, then it may fall into the wrong hands and be misused.

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