How do I cancel my HNB credit card? (2024)

How do I cancel my HNB credit card?

❖ The Principal Cardholder should submit a request to discontinue/cancel his/her Credit Card by a letter or fax to the relevant branch of HNB that the card was obtained or direct to the HNB Card Centre.

How do I cancel my HNB card?

❖ In the event card is lost/stolen Cardholder must immediately inform HNB Contact Centre on 94 112 462 462 and request Bank to block the card. ❖ If the card details are not available, provide your NIC No to HNB Contact Centre and answer few security questions and get the card de-activated.

How can I cancel my credit card online?

Submitting an Online Request for Closing the Credit Card

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.

How do I contact HNB credit card?

For additional information, please call our 24 hour hot line +94114523523 or send an e-mail to cardbdu@hnb.lk.

How can I cancel my credit card membership?

Call your credit card company.

Calling your credit card issuer's customer service department is the most dependable way to cancel your credit card account. Credit card companies typically do not allow you to cancel an account online, but it is possible with a handful of major issuers.

What happens if I cancel my 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).

How do I cancel my card and get a new one?

Notify your bank/card issuer

That way they can cancel your card before any — or further — fraudulent charges can be made, and then issue you a new one. Some financial institutions can temporarily freeze your card while you search for it.

Is it bad to close a credit card with zero balance?

When you shouldn't close your credit card. Canceling a credit card — even one with zero balance — can end up hurting your credit score in multiple ways. A temporary dip in score can also lessen your chances of getting approved for new credit.

What is the Whatsapp number for HNB credit card?

Hi Kusal, Please contact our 24/7 call centre on +94112462462. You can get all the information you require. Also you can contact the eBanking team on Whatsapp - +94714533670. Thank you for contacting us.

What is the interest rate for HNB credit card 2023?

Interest Rate applicable for HNB Credit Cards (Retail and Corporate) – The Interest rate will be reduced from 29% to 28% per annum w.e.f 01^st September 2023. Kindly refer the Retail Tariff for the complete tariff details.

What is the cash withdrawal limit for HNB credit card?

Cash withdrawal limit is currently 75% of the credit limit for HNB Visa Infinite, Mastercard World, Visa Signature, Visa Platinum, Mastercard Platinum, Mastercard Corporate and Mastercard Businesscard Credit Cards and 50% of the credit limit for all other HNB Credit Cards, and is determined at the sole discretion of ...

What happens if you cancel a credit card before the annual fee?

If a card has an annual fee, you'll pay it at the beginning of your cardmember year and have all of the relevant benefits for the rest of that year. Canceling the card before the year is up means you're missing out on perks for which you've already paid. Some card issuers even explicitly advise against doing this.

Is there a reason to cancel a credit card?

Here are several reasons you might want to close a credit card: You are having trouble using your credit cards responsibly — maybe you're missing payments or you're worried about going into credit card debt that you won't be able to pay off. You are separating from a partner and need to close a joint credit account.

Is there a fee for closing a credit card?

There are no charges applicable on card closure.

Is it better to cancel a card or just not use it?

Canceling a credit card will cause a direct hit to your credit score, so more often than not, you'll want to keep the account open. Correctly managing an open, rarely-used account may require some extra attention, but the added effort will help your credit in the long run.

Can you cancel a credit card at any time?

Most issuers generally won't allow you to close your credit card until you've paid off the outstanding balance. This includes any pending transactions.

How do I write a letter to cancel my credit card?

I am writing this letter to close my credit card account for the following reason: __ I haven't used the account for quite some time and don't plan to use it in the future. I'm not carrying a balance on this account. Thank you for closing my account promptly.

What happens when you cancel a credit card and get a new one?

But you should be aware that the new credit card application will trigger a hard inquiry and affect your scores in the short term. If you go through with that application and close your old account at the same time, that effect could be considerable.

Can you cancel a credit card over the phone?

Call issuer

Call your credit card issuer to cancel your card. Be prepared that you may be given a counteroffer to keep the card open. If you're sure you want to close, say no and continue with the process.

Can I call my bank to cancel my card?

If you wish to cancel your debit card because, for example, it's lost or stolen, you should do so immediately. This is important as you may be liable for debits made on a card that is not reported as missing. You should cancel your debit card through online banking, via your banking app or by calling your bank.

How much will my credit score drop if I cancel a card?

While there's truth to the idea that closing a credit account can lower your score, the magnitude of the effect depends on various factors, such as how many other credit accounts you have and how old those accounts are. Sometimes the impact is minimal and your score drops just a few points.

When should you cancel a credit card?

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 when you can cancel the card and still get the annual fee refunded.

How long should you wait to close a credit card?

The answer is worth repeating loud and clear: Never, under any circ*mstances, should you close a credit card less than one year after opening it.

Is it better to downgrade credit card or cancel?

Unfortunately, your credit score might take a dip after you cancel. Downgrading your card can help you avoid the annual fee and the negative impacts of closing a credit card.

Can you cancel your credit card to avoid paying?

If you close a credit card with a balance, you'll still be responsible for that debt. Card issuers will continue to send statements in the mail, and interest will still be applied to that balance. It's best to leave your account open, as there can be negative impacts on your credit score if you close a card.