1. No outstanding balance  
 2. Call support  
 3. They will put all efforts to keep you, give away offers 
 4. If you still resist, they will cancel

Is it easy enough or do you have to keep following up

Growth Manager

I cancelled one for my mother, Axis card 
 It was done in 3 business days, they sent mail 
  
 But they had me on call for 1n half hours convincing why I shouldn't leave

Consultant

You can email them with an email drafted via ChatGPT instead of calling Customer Support after clearing all your dues. 
You will have something in written conversation and bank will have to follow the RBI guideline else the bank will have to penalty.

Senior Consultant

Technical Lead

Great thread. Everyone who has over inflated number of cards should close some.

Haha I agree, randomly took a couple of free cards that I don't use

Product Owner

Yikes that's what sounds so effortful. But thanks for the info!

How do I discontinue my credit card? Is there a standard way to close it with banks?

Welcome to Personal Finance's Private Community

Discontinue credit card

Discontinue credit card- Grapevine

How to get AXIS Magnus ?

Software Engineer

I have a IndusInd bank salary account(Gurgaon), where last salary was in 2019 jan. Haven’t been using it since then… Tried to check balance today.
It showed a negative balance of -6500. WTF!!
Worst part, bank employees at Bangalore says I have to close account in Gurgaon.
Would want to understand if similar issues had been faced by others as well.

What horrific charges you had on your bank account?

Head Of Growth

I used the Axis Magnus CC well but now since the devaluation, wondering if I should switch to something better. Is there anything that provides equal if not better benefits?

Monthly income ~2L 
Monthly spends ~50k-1L

What’s the new Magnus?

Intern

How does cancelling a credit card impact my credit score?

Welcome to Indian Startups's Private Community

We are thinking of starting a Fintech product, Can anyone help us understand how we can get an API stack to add Credit Products to our product basket, which Banks provide the stack, what all compliance do we need to follow

How to issue a credit card

Product Manager

Hi friends ,I have fell into debt trap .
I used to have credit card bill of 1.5lac ,everymonth end I will be swiping one card and paying other card..this cycle continues..but suddenly now I realised credit card bill is 4lac..not sure how to stop this cycle.want to be debt free..where to start and how to close...any suggestions? Sorry for my English

#CreditCard

DevOps Engineer

My annual expenses are close to 5L. Most of them are for utility bill payments (electricity) and domestic travel.

Currently I have 3 credit cards

1. HDFC Millennia CC
2. Flipkart Axis CC
3. Swiggy HDFC CC

The combined credit of all these cards is around 5L.

I was thinking should I close any of my existing credit cards and apply for some other credit cards.

Any suggestions?

Which other credit cards should I get?

27M

Hey guys, need your guidance on how to handle this

2016- My brother started a powder coating business which become flop by 2020 because of poor planning and spending the loan cash for his personal expenses which made us fall into a debt of INR 35 lakhs. 

So we sold a land near our home and cleared all the debts

had some decent amount left along with it I took a home loan to renovate my home and we completed marriage for my brother also. 

Everything completed, My brother started to work in a Automation company and he earns INR 20k/m which is a decent salary in cbe

2024- He is again into debt of INR 5L (Online app loans, home credit, loan from friend, cc) because of his poor management,,Currently his salary is 25k. 

Thinking of his wife and kid, I sold some shares which was worth 1L and closed all the online loans, Even though that is done he still pays 14k EMI, balance which is not sufficient to run the family.

Now he’s asking me to help close other loans. I’m already paying home loan and if I take his debt to that will be huge burden for me.

I have some saving of 4L which I saved it for my marriage because no land left to sell and spend for my marriage.
 

Should I need to give him so he can close all the debts or how should I deal this?

Thanks for reading, I appreciate if you can guide me how to deal this

My elder brother is so irresponsible

Software Developer

Best banks to have credit cards with and best offers, can anyone give me a good overview??

Credit cards

Analyst

I got mail that they are discontinuing sbm debit card 
Is that final nail on coffin?

Is slice closing?

Welcome to News Discussion's Private Community

Had a bank account of Kotak where it was inoperative from 1.5 years and NMC Charges went to 7900 INR. When I went to close the account they started insisting me to pay the charges.

How do we deal this folks, coz at the time of taking account they said it is zero balance and then after salary stopped crediting they converted  into a savings account with mostly generic alerts !!!! 

Looteri banks. 😏😒

Banks looting !!!

I bought something with my credit and returned the same after a few days. The amount was credited after the credit card bill generation.

Do I have to pay the full credit card amount, and it will be adjusted in my November bill, or shall I deduct the amount and pay the bill?

Discontinue credit card

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