How to Close American Express Credit Card

American Express offers a variety of credit cards designed to meet the needs of different individuals. However, if you feel that your credit card is no longer suitable for your financial goals or lifestyle, you can choose to close it. Here’s how you can go about closing your American Express credit card.

Ways to Close American Express Credit Card

American Express provides multiple options to close your credit card account. Below are the methods you can use to cancel your card:

1. Through Customer Care

Call the American Express customer care number printed on the back of your card and request to close your account. A representative will verify your details and inquire about the reason for cancellation. Once confirmed, your card cancellation request will be processed. If you’re interested, you can also ask about alternative credit cards that may better suit your needs.

2. Through Mail

You can also send a written request to close your card by mailing a letter with your card and personal details to the following address:

American Express Banking Corp.
Cyber City Tower C, DLF Building
No. 8, Sector-25, DLF City Ph II
Gurgaon- 122002

Things to Keep in Mind While Closing an American Express Credit Card

Before proceeding with the closure of your American Express Credit Card, consider the following points:

1. Clear All Dues

Ensure all outstanding payments, including EMIs, are cleared before initiating the card closure. If any dues remain unpaid, the cancellation request will be declined.

2. Redeem Reward Points

Redeem any accumulated reward points before closing your credit card. Unredeemed rewards will be forfeited upon account closure. To maximize your benefits, use your rewards for eligible redemptions before finalizing the cancellation.

Does Closing an American Express Credit Card Affect Your Credit Score?

Closing a credit card might not directly impact your credit score, but it can have temporary negative effects. Here's why:

  • Increased Credit Utilization Ratio: When you close a credit card, your overall credit limit decreases, which can increase your credit utilization ratio and lower your score.
  • Shortened Credit History: Closing an account reduces the average length of your credit history over time, which is a key factor in determining your credit score.

To minimize the impact, avoid closing older accounts unless absolutely necessary. Carefully evaluate your financial situation and the potential effects on your credit score before proceeding with the closure.

American Credit Cards

FAQs

To close your American Express credit card account, you can contact American Express customer care by calling the number on the back of your card.

Before closing your American Express credit card, ensure that all outstanding balances, including any EMIs, are paid off. Additionally, redeem any accumulated reward points, as they may be forfeited upon account closure.

Closing your American Express credit card can impact your credit score by reducing your overall credit limit, which may increase your credit utilization ratio. It's advisable to consider this effect before deciding to close your account.

After initiating the closure of your American Express credit card, you should receive a confirmation from American Express. You can also verify the closure by checking your credit report, though it may take up to three months for the closure to reflect.

Once your American Express credit card is closed, it's recommended to destroy the physical card to prevent any potential misuse.

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