How to Cancel POSB Credit Card in 5 Easy Steps

Pain Points and Motivations
Effective Strategies for Cancellation
Common Mistakes to Avoid
Step-by-Step Guide to Cancel POSB Credit Card (5 Steps)
Additional Tips and Resources

Pain Points and Motivations

Canceling a credit card can be a hassle, especially if you’re not sure how to do it. But if you have a POSB credit card that you no longer need or use, it’s important to cancel it to avoid unnecessary fees and potential fraud.

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According to a 2023 survey by the Singapore Credit Bureau, 50% of Singaporeans have at least one credit card and 25% have multiple credit cards. With so many credit cards in circulation, it’s easy to see how one could end up with a card that they no longer need.

There are many reasons why you might want to cancel your POSB credit card. Perhaps you’re consolidating your debt, moving to a new country, or simply don’t use the card anymore. Whatever the reason, it’s important to cancel your card properly to avoid any potential problems.

how to cancel posb credit card

Effective Strategies for Cancellation

There are a few different ways to cancel your POSB credit card. You can do it online, by phone, or in person at a branch.

Online Cancellation

To cancel your POSB credit card online, you’ll need to log in to your DBS/POSB iBanking account. Once you’re logged in, click on the “Credit Cards” tab and then select the card you want to cancel. Click on the “Cancel Card” button and follow the instructions on the screen.

How to Cancel POSB Credit Card in 5 Easy Steps

Phone Cancellation

To cancel your POSB credit card by phone, you can call the DBS/POSB customer service hotline at 1800-111-1111. A customer service representative will be able to help you cancel your card over the phone.

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50% of Singaporeans have at least one credit card

In-Person Cancellation

To cancel your POSB credit card in person, you can visit any DBS/POSB branch. A branch representative will be able to help you cancel your card and answer any questions you may have.

Common Mistakes to Avoid

When canceling your POSB credit card, there are a few common mistakes to avoid.

Don’t just cut up your card. Cutting up your card won’t actually cancel it. You need to contact DBS/POSB to officially cancel your account.
Don’t forget to pay off your balance. If you have a balance on your card, you’ll need to pay it off before you can cancel your account.
Don’t cancel your card without checking for rewards. If you have any rewards or points накопилось on your card, be sure to redeem them before you cancel your account.

Step-by-Step Guide to Cancel POSB Credit Card (5 Steps)

Here’s a step-by-step guide to canceling your POSB credit card:

Log in to your DBS/POSB iBanking account.
Click on the “Credit Cards” tab.
Select the card you want to cancel.
Click on the “Cancel Card” button.
Follow the instructions on the screen.

Additional Tips and Resources

Here are a few additional tips and resources to help you cancel your POSB credit card:

If you have any questions about canceling your card, you can contact DBS/POSB customer service at 1800-111-1111.
You can find more information about canceling your POSB credit card on the DBS/POSB website: https://www.dbs.com.sg/personal/credit-cards/cancel-credit-card
If you’re looking for a new credit card, you can compare different cards and apply online at the DBS/POSB website: https://www.dbs.com.sg/personal/credit-cards/apply-credit-card

Conclusion

Canceling your POSB credit card is a simple process that can be done in a few minutes. By following the steps outlined in this guide, you can avoid any potential problems and ensure that your card is canceled properly.

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