Downgrade premium cc to normal

[knight@456]

If I downgrade my existing premium credit card to normal variant will it effect my Cibil score?

 

[vaibhav111vaibhav111 is verified member.]

If I downgrade my existing premium credit card to normal variant will it effect my Cibil score?

one a/c will be closed and a new a/c will be opened the cause of a change of variant(i think so), it could have short-term effects not long-term.

 

[SoggypastA]

one a/c will be closed and a new a/c will be opened the cause of a change of variant(i think so), it could have short-term effects not long-term.

Sbi cards does the same?

 

[knight@456]

What about ICICI and axis cards?

 

[Wealth is my birth right!]

If I downgrade my existing premium credit card to normal variant will it effect my Cibil score?

Not much impact
Just like closing ICICI card and getting HDFC Bank card

 

[vaibhav111vaibhav111 is verified member.]

What about ICICI and axis cards?

it simple logic here, new card issued, old card closed so whether it A bank or B bank, it imply to every a/c cause new card variant will be issued and old will be closed. have no experience in these though.

 

[Walter White]

If I downgrade my existing premium credit card to normal variant will it effect my Cibil score?

It will be counted in the same account. So, doesn't make a difference the same way there is no impact on CIBIL on upgrading a card.

 

[SaiyamK]

But in the case of upgrades, I think old card data is retained and only account number is updated.
I expect this should happend in downgrades also.