How to Close or Cancel YES Bank Credit Card 2023 YES Bank Credit Card Cancellation Process

How to Close or Cancel YES Bank Credit Card: Yes Bank offers an easy way for credit card holders who decide to close or cancel their Yes Bank credit card. In order to cancel a Yes Bank credit card, there are specific procedures that the credit card holder must follow. There are many reasons why you might want to cancel your credit card. They may have found something better or want to limit the extra expense. You have come to the right place as described. But be very careful before starting the process.

Close or cancel your YES Bank credit card if you are not satisfied with their services and fees. The YES Bank credit card is a good option for those looking for a low-cost credit card with a rewards program. However, we recommend that you close or cancel your card if you find that it is not providing the desired results. For example, if you are not making any purchases with a credit card, it may be time to look at other options. Other possible reasons for canceling or closing your YES Bank credit card include changes in your spending habits, increased fees, or lack of customer service. Trust our opinion: it’s never too late to make a change!

How to Close or Cancel YES Bank Credit Card 2023

Closing or canceling a YES Bank credit card is simple and easy by contacting the bank by phone or email. This step is important when closing or canceling a card. However, there are some important things to learn here before applying for a card lock. With all these points in mind, you will be able to cancel your YES Bank credit card quickly and easily.

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Close or Cancel The YES Bank Credit Card is a great way to build your credit score while paying your balance in full each month. This card can help you build a good credit history because you’ll make timely payments every month. Plus, there are no annual fees or overlimit fees, so you won’t have to worry about paying more every time you have a problem. With a YES Bank close or cancel credit card, you can have the best of both worlds: get the benefits of a bank card and have the flexibility of a credit card. So why not give it a try? Apply today and see how much better your financial life can be.

How to close or cancel a YES Bank credit card

How to close or cancel YES Bank credit card

Things to consider when canceling a Yes Bank credit card

While canceling a Yes Bank credit card can be a tough decision, it’s also worth making. There are a number of things to consider when deciding to cancel your card. First, consider the cost of maintaining your existing card balance and paying any outstanding fees and interest. If you find you’re paying too much in fees and interest, it may make sense to cancel your card and get a new one that offers lower rates.

Yes. There are a few things to consider when canceling a credit card. Here you are:

cutting the card

When the person submits the cancellation request, they must also include a copy of the damage card and the letter. The card must be cut diagonally along the magnetic chip to ensure that the number cannot be seen and the card cannot be used. The bank expressly states that all transactions made with the card during the processing of the closing request must be borne by the cardholder. This applies regardless of whether the bank has been notified of the problem or discrepancy.

Redeem reward points

Cardholders must redeem reward points before submitting a cancellation request. Otherwise, the bank will give you 30 days to redeem the funds even after the account closure has been requested. Failure to do so within this period will forfeit all remaining points and the bank will not be liable.

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Clear Outstanding Balance

It goes without saying that if you have an outstanding balance on your credit card account and you can’t pay it off and request a cancellation, your bank will most likely not honor your request. So don’t be shy and pay off your balance before making a request. This applies to all additional cards linked to your card account.

Cancel all automatic payments

Most people choose automatic payments to their credit card. This gets you some extra reward points and also gives you the freedom of having to pay each bill separately. I need to cancel the payment. If the invoice is paid after the cancellation has been initiated, the entire process may be delayed.

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Will a canceled or closed credit card affect your credit score?

Unfortunately, a canceled or closed credit card can have a negative impact on your credit score. In most cases, the reason your card was closed or canceled will be reflected on your credit report. This can negatively affect your score, as it indicates that you may not be able to pay off existing debt or manage your finances responsibly. Also, if you recently opened a new credit card and had trouble paying off the balance, this could also negatively affect your credit score.

The credit bureaus consider credit cards to be open lines. In other words, when a card is closed, the agency will attempt to remove the funding source from the individual’s profile. In addition, the credit utilization (CUO) is shown when the card is closed. This is basically the total amount available plus the amount spent. The person’s report will reflect that they are spending more than they used to. This can negatively affect your credit score, so it’s important to think carefully before canceling your card.

How to block Yes Bank credit card?

Unfortunately, blocking Yes Bank credit cards is not as easy as you might think. There are a few steps you can take to help prevent unwanted charges from showing up on your card. First, it’s important to regularly check your bank statement for any signs of unauthorized activity. Be on the lookout for unusual charges or fraudulent transactions; If you see anything suspicious, contact your bank immediately.

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Block with YES BANK PhoneBanking To report an unused ATM or debit card transaction, call YES BANK PhoneBanking immediately on 18001200 (Toll Free) / +91 22 61219000. Outside India, call +91 22 30993600 / 18776598044 (US/Canada) / 8081785133 (UK) / 800035703089 (UAE).

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Consequences of closing your YES Bank credit card

Closing a credit card can have certain effects on your financial health. These include:

  • The amount you can borrow will be significantly reduced.
  • Reward Points cannot be redeemed.
  • The exclusive features and benefits of the YES Bank credit card are not available.
  • Borrowing too much and not being able to pay it back can hurt your credit score.
  • Low credit utilization can make it difficult to get new credit cards approved. The additional card will be deactivated along with the primary YES Bank credit card.
  • If you cancel your card in the middle of the year, you won’t be refunded any prepaid credit card fees, such as renewal fees or annual fees.


Close or cancel your YES Bank credit card if you are not satisfied with the service and/or products offered by the bank. This is because there are other credit card providers that offer better offers, rewards and services. These include banks like American Express, Chase, and Citi. Plus, it’s always a good idea to shop around for the best deal and compare different credit card offers to find one that fits your needs and budget.

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