LIC Axis Bank Signature Credit Card

If you want to permanently close your LIC Axis Bank Signature Credit Card issued by Axis Bank, it is important to follow the correct procedure to ensure the account is cancelled properly. Below are the main steps you should follow.

1. Review Your Reason for Closure:- Before closing the credit card, consider why you want to cancel it. Some common reasons include high annual fees, low usage of the card, or managing fewer credit accounts.
2. Redeem Available Rewards:- If your card has reward points, cashback, or other benefits, use them before requesting closure. Any unused rewards may expire once the credit card account is closed.
3. Clear All Outstanding Dues:- Check your latest credit card statement and pay any pending balance. This includes purchases, EMIs, service charges, or interest. The bank will only proceed with closure when the balance becomes zero.
4. Contact Customer Care:- Reach out to the customer support team of Axis Bank and inform them that you want to close your credit card account. The representative may verify your identity before processing the request.
5. Submit a Card Closure Request:- You may need to confirm the cancellation through email, phone, or a written application. Provide necessary details such as your name, registered mobile number, and the last four digits of the credit card.
6. Request Confirmation of Closure:- After the bank processes your request, ask for confirmation that your credit card account has been successfully closed. Keep this confirmation for your records.
7. Safely Destroy the Card:- Once the card is cancelled, cut the card across the chip or magnetic strip to prevent misuse.
8. Check Your Credit Report:- After some time, review your credit report to make sure the LIC Axis Bank Signature Credit Card status is updated as “Closed.” This helps confirm that the account has been properly terminated.