Moving out of India permanently. What will happen to my credit cards?

[SPLA]

I'm moving out of India permanently and I currently hold quite a lot of credit cards that I'd like to keep using. How would I tell the banks not to close my cards when I'm never coming back? I need the cards because, in a new country, the banks won't give me the same limit that I have with my Indian cards as I don't have any credit history. So until I build my history up I'd like to keep using my Indian cards.

 

[Dhruvit.SDhruvit.S is verified member.]

Take this with a grain of salt.

Your cards won't be cancelled unless you officially declare that you are moving out of the country or jobless here. You need to use them once a year to keep them active as per RBI. If you or your family folks spend a lot on these cards repayment/remittance will be high.

Imo keep only the good cards open (Infinia/Magnus). Something which is worth the while since tracking the bills will be a huge task. If you miss, it will unnecessarily spoil your cibil.
If you hold AMEX you can transfer your card/report to another country, it will help you get a unsecured card quickly. Also build new relationships where you're moving to, most other countries have better credit card portfolios than India.

Good luck and keep the community posted.

 

[SPLA]

Thanks for your suggestions. I will transfer my AMEX as you've suggested and keep the cards with the lowest foreign transaction charges. I need to convert my accounts to NRE to pay off my cards so eventually the banks will know. Also, need to keep in mind of the 20% LRS TCS. Will keep this post updated regarding when my cards do stop working.