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Regret after closing Credit Card - Share your experience

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RockyBond
We all post how to get credit cards here . But sometimes we close existing credit cards and then regret later thinking it was a big mistake.

Let's share our experiences so we can learn from them.

My regret - Closing One Card as it was FD based. After using for an year closed it but then one card never gave me a card . Really regret as I will miss one card offers and probably never get it again. sad
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Benevolent Benevolent
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@RockyBond what is that you miss in onecard.

Budding Star Budding Star
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1. Great offers sometimes

2. Special cc to bank transfer offers indirectly.

3. Metal

Generous Generous
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1.simplysave . and then they have reintroduced it as simplysave rupay

2.Amex MRCC- if no trick come  i will have to close it next year and regret it later when something good come up

Deal Lieutenant Deal Lieutenant
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Why to close when u can buy amazon pay gift card at very good rate - Amex MRCC

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Deal Subedar Deal Subedar
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I have closed only 2 cards till yet. yes bank and one card for yes bank no regret but yes one card because it was metal card and they provide some good offers too

Helpful Helpful
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same regret for onecard. On one number they gave me FD based 2K card.. then i got msg on other number that ill get preapproved card... closed 2K card and still they havent given me new CC

Helpful Helpful
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+1 regret closing fd backed onecard, don’t know if they will change their once in a life policy in future
Budding Star Budding Star
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They should.
Savings Mentor Savings Mentor
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Have closed just 1 CC ever - the secured IDFC First WOW card because IDFC just won't give me any unsecured card, despite huge amount of FDs and big amount in savings account. They won't even let me apply, no cibil enquiries, nothing, as soon as I enter PAN and DOB, it says "Sorry but you can't proceed." WTF?

I took WOW card for 0% forex (at the time, there was no CC like Scapia easily available with 0% forex and RBL World Safari was quite premium card then). I also got Thriwe Visa Infinite offer via WOW card due to Visa Infinite platform (3 months Amazon Prime, ₹250 BigBasket voucher, PharmEasy Plus) and overall my spends on forex transactions were quite a lot during last year, so saved quite a lot. During Diwali it gave ₹250 cashback, occasionally 20% discount on bus tickets via Yatra.

It so happens by coincidence that many years ago before I started using credit cards, I had used BNPL (Pay Later) services to build my credit score. And somehow the lending/loan partner for my Amazon Pay Later, Flipkart Pay Later, Mobikwik ZIP and Ola Money Postpaid was always IDFC First Bank. But I never defaulted or paid late. Always paid on time, closed off those BNPL accounts completely and closed WOW card too. Still IDFC is being a jerk about it. Eventually I will approach RBI to force them to fix the error and at least let me apply after CIBIL check or card-to-card basis for a credit card. Have written to their PNO too, but no action. Whether or not to approve after applying is at their discretion but at least they should not block me from applying.

Community Angel Community Angel
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They service very limited pin codes that's the reason

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Blogger Blogger
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Closed 3 cards. Axis Freecharge plus, SC Ultimate & SBI SimplySave.

Freecharge card closed to make way for Magnus. This November, Magnus will be closed and Freecharge card will be back to business.

Deal Cadet Deal Cadet
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Freecharge plus card also devalued.

Max cashback per statement is capped at 500.


Will close this card soon.

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Helpful Helpful
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I have closed 4 cards till date.

Amazon Pay ICICI - Not really Closed by me but ICICI themselves Due to so called commercial transactions. I don't regret as this card was devalued a lot and it was not useful for any offers.

Freecharge Axis - Closed for making way for Axis Ace. No regrets

SBI SimplyClick - Closed to make way for SBI CB card , now regretting as going to close CB also.

SBI CB - Closed as they reduced limit to almost unusable limit. 34k. No regrets

Blogger Blogger
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SBI has brought back the limits to previous limits after one week for all. There is some issue at their end.
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Helpful Helpful
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Closed fk axis just this month ....no regrets axis should rip

Freebie Finder Freebie Finder
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Upcoming new thread "Regret after closing Magnus Credit Card"

Community Angel Community Angel
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Then be ready for regrets for not closing magnus and paying 14000 rupees annual fees unnecessarily 

Community Angel Community Angel
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I never regret and happier to close my FD based one card as I made them to pay me  compensation for delay in closure joy

Closed axis Flipkart too but will not reveal whole thing at the end there was a party joy bhaad mein jaye axis 

Card closed matlab closed no regrets

Deal Cadet Deal Cadet
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Hdfc moneyback card to iocl fuel card

Deal Cadet Deal Cadet
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>Closed Freecharge Axis Card [Using Mainly Airtel Axis] 

>Closed ICICI Rupay Card [Providing LTF All users but not ready to convert paid card to free WTF]  

Commentator Commentator
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ICICI is like that only. I have a ICICI platinum card with Rs. 99/- annual charge (almost 10 years old card). I asked them to make it LTF but they refused.

Now, I got ICICI Rupay coral for LTF. Thinking to close platinum one.
Commentator Commentator
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Closed Tata Neu Infinity HDFC Bank Credit Card. Reasons :-
1. Unable to link to UPI app at that time
2. Annual charges

Now, I am regretting it. Because
1. Started working with UPI later
2. Annual fee can be easily waived off using tricks.

Budding Star Budding Star
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I tried 100 times mailing them to convert my neu to lifetime free but they didn't listen
Deal Newbie Deal Newbie
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My biggest regret is that I have closed my HDFC Bank DCP Credit Card which has a limit of 5.8L instead of upgrading to higher varient still I am struggling for LE and upgrade..

Generous Generous
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Received IDFC Wow E card LTF

Physical Card dispatched now

Rip Niyo Global Cc (ATM Withdrawal fees 750+ Gst)

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