How to Close Your Bank of Baroda Credit Card

Closing your Bank of Baroda (BOB) credit card might seem simple, but did you know it can impact your credit score? If you're considering closing your BOB credit card, there are a few things to consider first. When you reduce your total credit limit, it may look like you're using more of your available credit, affecting how lenders view you. Additionally, closing your credit card can shorten your credit history, especially if it’s an older card. We’ll examine how these changes affect your credit score and what factors are important before the Bank of Baroda card block.

If you are mulling over how to close the Bank of Baroda credit card, here are a few steps to solve your dilemma. To close a Bank of Baroda (BoB) credit card, you have two options: online or offline. Both methods involve contacting the bank, clearing any outstanding dues, and notifying the bank of your decision. The steps differ slightly depending on whether you do it online or visit a branch.

Online Steps

• Net Banking: Log in to your Bank of Baroda net banking account and submit a credit card closure request.
• Email: BOB customer service (crm@bobfinancial.co) requesting to close your credit card. Mention your card details and reasons for closing.

Offline Steps

• Visit a Branch: Go to the nearest Bank of Baroda branch, submit a written application to close your card, and return the cut-up card.
• Phone Call: Call BoB’s toll-free number (1800 225 100 / 1800 103 1006) to verify your details and request card closure.

Note: Ensure all outstanding dues are cleared before requesting closure, and confirm the process is completed with written proof.

Best 5 BOB Credit Card Offers

BOB credit cards benefit shopping, travel, and dining, with options for all budgets. They offer rewards, welcome bonuses, and perks like airport lounge access and fuel savings. Here’s the list of best BOB’s credit cards and offers associated with them:

BOBCARD Premier Credit Card

Ideal for travel and dining, the BOBCARD Premier Credit Card comes with no joining or renewal fee as a limited-time offer. New cardholders earn 500 reward points on spending ₹5,000 within 60 days. It also provides 24/7 concierge services, a fuel surcharge waiver, and the option to convert large purchases into EMI, making it a versatile card for regular expenses.

BOBCARD Easy Credit Card

This card is suitable for shopping and dining and has no joining or renewal fees. Cardholders earn 500 reward points as a welcome bonus when they spend ₹5,000 within the first 60 days. The card offers points on every spend, a fee waiver based on spending, 24/7 concierge support, and a fuel surcharge waiver. It also includes EMI conversion options, adding to its flexibility.

BOBCARD Select Credit Card

This lifetime-free card is focused on shopping rewards. It offers 500 reward points as a welcome gift for spending ₹5,000 within the first 60 days. Additional reward points are earned on dining and online shopping. Other benefits include a fuel surcharge waiver, 24/7 concierge services, and a spend-based fee waiver, making it a strong choice for regular shoppers.

IRCTC BOBCARD Credit Card

This card is best suited for travel, especially for railway bookings. It has a ₹500 joining fee and a ₹350 annual fee. Cardholders can earn 1,000 bonus reward points for spending ₹1,000 within the first 45 days. It provides up to 40 points per ₹100 on IRCTC bookings, a 1% fuel surcharge waiver, and complimentary domestic lounge access, making it an excellent choice for frequent rail travellers.

BOBCARD ETERNA Credit Card

With rewards for travel and shopping, this premium card has a ₹2,499 fee and offers a 6-month FitPass Pro membership and 10,000 points for spending ₹50,000 within 60 days. It provides extra points for dining, travel, and international expenses, unlimited domestic lounge access, a 2% foreign transaction fee, a fuel surcharge waiver, and ₹1 crore accidental death cover for added security.

Right Time for BOB Credit Card Closure

Consider closing your BOB credit card if you rarely use it or have multiple cards and want to manage your finances better. Closing a card can help avoid unnecessary fees, especially if it has an annual fee. If you struggle to control spending, closing the card might help reduce temptation. Also, if the card no longer offers useful benefits or rewards, it might not be worth keeping. Closing a card can improve focus on other financial goals. However, remember that closing a card may affect your credit score, so consider carefully before deciding.

Steps to Clear Outstanding Dues Before Closing Your Credit Card

To settle outstanding dues before closing your BOB credit card, check your latest statement or log into your bank account to see the amount due. Clearing dues ensures a smooth closure process and prevents future charges or penalties. Here are simple steps to follow:

• Review Your Balance: Check for outstanding dues, interest, or fees.
• Make a Full Payment: Pay the total outstanding amount to clear your balance completely.
• Use Online Banking: Make payments easily through net banking, mobile banking, or UPI to avoid delays.
• Contact Customer Service: Call the bank to confirm your payment has cleared.
• Stop Auto Payments: Cancel any automatic payments linked to your card to avoid further charges.
• Get a Confirmation: Request a written confirmation from the bank stating your dues are cleared and that you can proceed with card closure.

Credit Score Impact of Closing Bank of Baroda Credit Card

Closing a Bank of Baroda credit card can impact your credit score differently. When you close a credit card, your available credit limit is reduced, which may increase your Credit Utilisation Ratio (CUR). A higher CUR can make you seem more “credit hungry” to lenders, which may affect your ability to get credit. Also, closing a credit card can reduce the length of your credit history, another factor affecting credit scores. Removing your closed card may lower your average account age if it has a long history. Lastly, if you have missed payments on the closed card, this negative record can stay on your credit report for five to seven years, impacting your credit score.

Identifying Credit Card Closure Status

You can check your BOB credit card closure status using several methods. Here’s a detailed overview:

Customer Care Call

One of the easiest ways is to call Bank of Baroda’s customer care at 1800 225 100 or 1800 103 1006. You’ll need to share your credit card number, registered phone number, and perhaps some personal information for verification. Ask the representative if your credit card closure request is complete or if any steps are still pending. The representative can guide you if you need additional action, so take notes during the call.

Net Banking

If you have online banking access, log in with your credentials to the Bank of Baroda website. Once logged in, navigate to the credit card section. You may find the card status here, whether active, pending closure, or closed. Confirm that no new transactions are shown if the card is indeed closed.

Bank Statement

Your recent credit card statement should reflect any changes to your account status. Statements often note if an account is inactive, typically on the summary or balance sections. If your account is closed but there’s a leftover balance, contact the bank to clarify.

Branch Visit

Go to the branch where you hold your account, as they can check your card status directly.

A representative can check the system for your closure request status. If your card is closed, ask for a written confirmation. This can be useful in case of any future discrepancies.

Allow a few days for the bank to process your closure request before checking. For peace of mind, always request a written statement from the bank that confirms your credit card account is closed. After closure, check your credit report to ensure the status is updated and reflects “Closed” by the issuer.