Icici Mmt signature

[chandra.prakash]

Dear members

I have 3 cards from icici ie. Coral, apay and Mmt signature, Mmt signature got in 2022 and thereafter got apay and coral.

I am thinking to close Mmt signature due to no use.

I have also sbi irctc (my 1st card) in 2020 which is active.

So I close Mmt signature then any negative impacts on cibil score ??

 

[Nishan11]

Dear members

I have 3 cards from icici ie. Coral, apay and Mmt signature, Mmt signature got in 2022 and thereafter got apay and coral.

I am thinking to close Mmt signature due to no use.

I have also sbi irctc (my 1st card) in 2020 which is active.

So I close Mmt signature then any negative impacts on cibil score ??

You must have 3 separate ICICI account on CIBIL. So closing MMT will only reduce your total credit limit ( even though limit is shared, it's reported separately on your 3 accounts by ICICI ).

There might be some fluctuations after few days/weeks but it will be stable soon.
And, it's better to close if you are not using it.

It will reduce your over leverage issue when you apply any card in future.