How to Cancel a credit card after receiving it

[hsaikia06]

How to Cancel a credit card after receiving it. I didn't yet activated it
I have applied for yes bank life time free credit card they have given me byoc credit card so I don't want this card . Is there any option left that I can opt from this card and their monthly and activation fees. Or do I have to pay money for this.

 

[sousnake]

If you don't activate it, it will be automatically cancelled as per rules by RBI.

 

[hsaikia06]

If you don't activate it, it will be automatically cancelled as per rules by RBI.

Do I need to pay any joining fees or the bank will levy any charges if I don't activate it?

 

[iamvk]

Do I need to pay any joining fees or the bank will levy any charges if I don't activate it?

No. You don't need to pay unless you Activated it. Activation may also mean accessing it on mobile apps and change any settings for the credit card

 

[s1t2y3a3m6]

Do I need to pay any joining fees or the bank will levy any charges if I don't activate it?

Nothing to pay if you didn't activate it.

Just leave it, same would get close after 30 days of card receive.

 

[Jack007]

How to Cancel a credit card after receiving it.

Do Nothing and it will get auto cancelled

 

[timva]

You may raise a closure request and the retention team might offer you a better card.

 

[sidp]

How to Cancel a credit card after receiving it. I didn't yet activated it
I have applied for yes bank life time free credit card they have given me byoc credit card so I don't want this card . Is there any option left that I can opt from this card and their monthly and activation fees. Or do I have to pay money for this.

If you don't activate it, it will automatically get cancelled after 37 days. So don't even check the yes netbanking ot phonebanking now.
After 30days retention team might call. you might negotiate for a better card.