Parmindersingh271089
KF Rookie
I have a HDFC Regalia Credit Card and my usage is very low, Should I downgrade my CC, If yes please tell me the procedure.
How can i downgrade my HDFC Regalia Credit Card?
- Thread starter Parmindersingh271089
- Start date
Skylar
KF Master
You have an annual fee on it?
If not then do not downgrade it.
What are all the other cards you have?
wcgxlr8
KF Mentor
May I ask why do you wish to downgrade? Low usage is fine as long as you are able to get back the fee
Parmindersingh271089
KF Rookie
Parmindersingh271089
KF Rookie
My Card is fetching Rs.2500 Annual Fee.
wcgxlr8
KF Mentor
Oh okay, are you not able to use any of the benefits? If yes; then makes sense
TaxWiser
KF Mentor
Hey there!
If your usage of the HDFC Regalia Credit Card is quite low, downgrading might be a good idea to save on annual fees and other charges. Here’s how you can go about it:
- Contact HDFC Bank: You can call the HDFC Bank customer care or visit your nearest branch to request a downgrade. Make sure to have your credit card details handy.
- Submit a Written Request: Some branches might require a written application. You can draft a simple letter stating your request to downgrade your credit card and submit it to the bank.
- Follow Up: After submitting your request, follow up with the bank to ensure the process is completed.
- Apply for new Card as per your need
- Close the current one after receiving the new one
- Disadvantage: Credit Score might get affected
