We, Yahoo, are part of the Yahoo family of brands. Show
By clicking ‘Accept all’ you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The personal information that may be used
Click ‘Manage settings’ for more information and to manage your choices. You can change your choices at any time by visiting your privacy controls. Find out more about how we use your information in our privacy policy and cookie policy. The world of credit card benefits is so fickle. Benefits change like the wind – your proudest 8% cashback benefit can get removed anytime. What was once your beloved go-to credit card with the best promotions can become a useless piece of plastic overnight. All it takes is a change of credit cards’ terms and conditions, and bam, your relationship has come to an end. If a credit card has fallen from grace, it’s better to cancel it than to let it collect dust (and incur annual fees that you may forget to pay). Here’s our guide to why and how to cancel your credit card. Contents
1. Should I cancel my credit cards?Just as you thought you’d found the best credit card on earth — the perfect cashback or rewards credit card for your lifestyle — the bank decided to revise its terms and conditions. With a higher minimum spending amount and new cashback cap, suddenly your card gets condemned to a “hardly used” slot in your wallet. Tempting as it is to hang on to it – just in case the bank realises it’s made a grave mistake and changes its terms and conditions and reinstates some lucrative benefit – it’s actually much wiser to cancel your credit card. By cancelling the card, you not only receive one less annoying credit card statement per month, but you also remove the risk of accidentally getting slapped with annual fees (that you forgot about, incurred late charges, and could potentially give you a bad credit score). After cancelling your credit card, wait out for 12 months. After that, you become eligible for credit card promotions and welcome bonuses targeting “new customers” if you no longer have any cards from a particular bank. Most banks will consider you a “new customer” if at least 12 months have elapsed since you cancelled your last credit card with them. So, the earlier you cancel the card, the sooner you can qualify for the next juicy welcome bonus. 2. I’m about to cancel my credit cards… here’s a checklistFirst, make your decision about which credit card(s) to cancel. If you’re cancelling to become a new customer in 12 months’ time, make sure you don’t have any other cards with that same bank. Before cancelling, check that you’ve cleared your account balance, including paying off in full any money owed through instalment programmes. The bank can refuse to cancel your card if you still owe them money. You also want to redeem all your existing rewards points, air miles or (if necessary) cashback before cancelling, otherwise you will lose them.  If you have a positive balance (pictured above, e.g. because of cashback), the bank is supposed to refund this cash to you after you cancel your card, but if you don’t want to risk any hiccups you might want to use up any cash before cancelling the card. And now you’re all set! Read on to find out how to cancel the most common credit cards in Singapore: 3. Cancel Credit Cards in Singapore: SummaryWhen calling the bank’s hotline to cancel your credit card, the customer service officer might ask why you are cancelling the card. There’s no need to feel like your privacy is being invaded as this is just part of their standard operating procedure. Just tell them you no longer use the card, and most often they will respectfully leave you alone. Some banks might also make their customer service officers try to persuade you to continue using the card — just tell them you’re not interested.
4. Cancel Citibank Credit CardYou can cancel your Citibank credit card by calling their 24-hour hotline at 6225 5225. Press 3 and log in with your NRIC or FIN and follow the instructions. After verifying your identity with an SMS OTP, press 0 to speak to a customer service officer (only from 8am – 8pm). 5. Cancel DBS Credit CardDon’t want to have to listen to hours of automated voice messages before getting connected to a customer service officer? You can now cancel your DBS credit cards online.
Otherwise, you can cancel your card the conventional way by speaking to a customer service officer on the 24-hour DBS/ POSB. customer service hotline at 1800 111 1111 (from 8am – 12am). If you’re overseas, call +65 6327 2265 instead. 6. Cancel Credit Card Standard CharteredYou can cancel your Standard Chartered credit card through the online banking website or the Standard Chartered mobile app. After logging in, go to the menu bar, click on:
For those who have never bothered to use internet banking, you can simply call the Standard Chartered customer service hotline at 6747 7000 (8am – 8pm). 7. Cancel OCBC Credit CardBanks want you to hold their credit cards. Naturally, they will make it inconvenient for you to cancel your credit cards. Most banks, just like OCBC, don’t explicitly allow you to cancel your credit card online. You’ll have to call the customer service hotline, hold and wait in queue for half an hour, before you speak to a customer service officer. Otherwise, you’ll have to find a printer and print out the cancellation form. To cancel your OCBC credit card, you’ll have to call the OCBC customer service hotline at 6363 3333. If you are overseas, call +65 363 3333 instead. Choose the option to speak with a customer service officer. You can also terminate your credit card in person by
8. Cancel UOB Credit CardYou can cancel your UOB credit card via the UOB Mighty mobile app. First, login to your UOB mobile app, then:
Otherwise, you can call the UOB customer service hotline at 1800 222 2121. If you’re overseas, call +65 6222 2121 instead. Go through all the automated menus and request to speak with a customer service officer. 9. Cancel HSBC Credit CardThere are two ways you can cancel your HSBC credit card: online via the HSBC ibanking website, or call the HSBC Customer Service hotline. To cancel your HSBC credit card online, visit the HSBC website, and login. Then, click on the “Chat” icon on the bottom right hand corner. You will be able to do it via the Chatbot. Otherwise, you can call the HSBC customer service hotline at 6472 2669. 10. Cancel CIMB Credit CardYou can cancel your CIMB credit card by calling the CIMB customer service hotline at 6333 6666 (24 hours, daily). Otherwise, you can cancel your CIMB credit card in person:
11. Cancel Maybank Credit CardTo cancel your Maybank credit card, you will need to call the Maybank Singapore customer service hotline at 1800 629 2265 (24 hours). When your card has been successfully cancelled, you should receive a notification from the bank that your account has been closed. Make a note of the date your card was cancelled so you’ll know when you can once again qualify for new customer sign-up bonuses. You can now dispose of your card safely. Before tossing your card into the trash, cut it into half with a pair of scissors, making sure to cut through the EMV chip. If you’re particularly cautious, toss the two halves into two different bins. Congratulations on Marie Kondo-ing your wallet! Looking for new credit cards? Check out all the best credit card promotions going on now! How do I cancel my Citi credit card?The easiest way you can cancel your Citi Credit Card is online, either through the Citibank website or the mobile app, or by calling customer service at (800) 950-5114. Alternatively, you can cancel your credit card in person at a Citibank branch or via mail.
How do I cancel my credit card online?Some banks offer customers the option of raising a credit card cancellation request online. To raise an online request, you need to visit the bank's website, fill up the form and submit the request. Once the request has been made, a representative of the bank will call to confirm the cancellation request.
Can I cancel a credit card?A credit card can be canceled without harming your credit score. To avoid damage to your credit score, paying down credit card balances first (not just the one you're canceling) is key. Closing a charge card won't affect your credit history (history is a factor in your overall credit score).
What happens if you cancel a credit card with an annual fee?If your card has an annual fee, there's generally no reason to cancel early. Instead, wait until the annual fee posts to your card's account or just before. Most banks and credit card companies have a grace period of at least 30 days where you can cancel the card and still get the annual fee refunded.
|
How to cancel citi credit card online
Related Posts
Copyright © 2024 chuyencu Inc.
