Sachin Sharma

Depending on the circumstances behind the closure of your account as well as the criteria of the provider, the user might be allowed to reopen a closed credit card account. There isn't any assurance that the issuing bank would reinstate your card, particularly if it was shut down as a result of late repayments and perhaps some other issues. Therefore, it all ultimately depends on why your account was closed in the first place. Ways to re-open closed account: Contact the company that issued your card: The first and foremost step is to call your issuing institution. Although this is not usually the case, a credit card company can decide to cancel the card should it discovers warning signs, including a significant decline in the credit rating or severe bad information on your credit file. So, contact customer care of the issuing back to get the full details of the current scenario. Understand the cause of the account closure: Your provider can opt to terminate a credit card owi...

  Credit cards can be an excellent financial tool if you know how to handle them properly. A disciplined individual can smartly make use of the benefits a credit card has to offer. And if you are all new to this- do not worry, everyone was once a beginner. The thing which matters the most is that you stay consistent and disciplined throughout the journey.  If you are thinking of getting your first credit card, here are some things that you might want to know: Your needs and requirements: The most important thing to consider before applying for a credit card is to know what you need and what your requirements are. Credit cards come in a variety of categories, including shopping credit cards, travel credit cards, rewards credit cards, cashback credit cards, and fuel credit cards. Each one of them offers other benefits as well but mostly focuses on the category for which it is famous. So, it is very important for you to figure out the  Terms and conditions: A mistake that m...