Shall I close my Secured CC which I got 2 months ago as I have received Unsecured CC this month

[SC_23]

So I applied for Kotak Dream Different Credit Card (Secured CC) in month of April and to my surprise I got preapproved offer from HDFC end of may for Moneyback+ so I applied for it and I am using it from this month onwards.

So what should I do with Kotak secured cc shall I close it as its only 2 months old will it have some adverse effect on my Cibil or is it better to hold on to it till one year and close it after that to be on the safer side and what confirmation shall I ask for closure of my CC from Kotak and can it be done via customer care or visiting branch is must.

I am new to this and have already faced poor customer support from Kotak so any advice would be helpful

 

[tiny]

Not the answer to your question but can you share how old is your HDFC account and MAB that you were keeping with the bank..?

 

[SC_23]

Not the answer to your question but can you share how old is your HDFC account and MAB that you were keeping with the bank..?

Opened in Mid of Feb or early March Classic variant maintained around Mab only

 

[kochiro]

I opened paisabazzar secure rupay cc just to close it later as I got moneybackplus rupay card. They added the card in cibil after I closed it. I guess it will stay active for another 3-4 months :/

 

[SC_23]

I opened paisabazzar secure rupay cc just to close it later as I got moneybackplus rupay card. They added the card in cibil after I closed it. I guess it will stay active for another 3-4 months :/

I applied from the bank itself what step should I take

 

[kochiro]

I applied from the bank itself what step should I take

Ask bank if they have any charges for preclosure. I also closed my icici FD card after 1 month and there was no charge.

 

[akshayhs]

There's no point in keeping your secured credit card active if the customer support is not good.

Plus, it's just two months at this point. I don't think it will affect anything at least not adversely.

 

[SC_23]

There's no point in keeping your secured credit card active if the customer support is not good.

Plus, it's just two months at this point. I don't think it will affect anything at least not adversely.

Yea the only thing going for that card is that it looks damn good

 

[SC_23]

Once one gets unsecured CC, one shouldn't keep secured CC unnecessarily

Will cancel it tomorrow itself then
Is branch visit required or calling customer care will do the job and shall I ask for any confirmation mail for the same as a proof.

 

[BankExpertIndia]

So I applied for Kotak Dream Different Credit Card (Secured CC) in month of April and to my surprise I got preapproved offer from HDFC end of may for Moneyback+ so I applied for it and I am using it from this month onwards.

So what should I do with Kotak secured cc shall I close it as its only 2 months old will it have some adverse effect on my Cibil or is it better to hold on to it till one year and close it after that to be on the safer side and what confirmation shall I ask for closure of my CC from Kotak and can it be done via customer care or visiting branch is must.

I am new to this and have already faced poor customer support from Kotak so any advice would be helpful

You Can Totally Close The Secured Card