Can I close my one credit card??

79°
Deal Subedar
anuraggarg
Friends I am planning to close my one card as I don't see any such benefit with it now.

Also as it's issued from bob so core bob cards are getting rejected.

Please suggest I will close or not
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Deal Lieutenant Deal Lieutenant
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yes better to close.. I already closed and got core Federal bank card

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Deal Newbie Deal Newbie
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FD backed or unsecured? 

Vanguard Vanguard
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If you close the card then ...you can't apply again in future

Deal Subedar Deal Subedar
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I don't think there is any value for one card right now
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Deal Lieutenant Deal Lieutenant
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yes better to close.. I already closed and got core Federal bank card

Commentator Commentator
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If LTF not necessary if not then Close if not In use.

Finance Mentor Finance Mentor
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They regularly come with offers that are giving heavy discounts, their around me shopping feature is great for someone who knows what he's doing and has good stores around... Personally have fedbank onecard with under 50k limit for 4 yrs now, shall keep it, cause core fedbank rewards and offers are worse than this...

Analyst Analyst
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When i asked the same here, some wise suggested and the essence 

1. Never close cc

2. Dont increase credit limit even offered,  if allowed reduce credit limit

3. Just use once in 3 months for a casual transaction. 

It may affect cibil, so careful

Comrade Comrade
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Depends on present worthiness...time dependent

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Comrade Comrade
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Its made of heavy metal so if its not giving good returns of carrying that much weight,  do close.Check if there is any closer charges. Closed one of my family members card recently.

Post Tycoon Post Tycoon
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I closed last month. It took around 25 days to get the FD money into my bank account. There are no rewards offered by one card now. Also u can't get any federal bank cc if u have one card from them. Go to help section and type close the one card in app

Deal Subedar Deal Subedar
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Thanks bro let me pay dues and go for closure

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