New Delhi, Aug. 10 -- Are you aiming to cancel your credit card? Are you aware of the procedure to accomplish it successfully? Have you carefully checked the total outstanding amount on your credit card account?

Having clarity on these aspects is essential to ensure that your credit card closure experience remains smooth and unwanted payments or interest charges are avoided. All credit card users need to be very careful before closing, as credit card debt compounds quite rapidly.

Furthermore, do keep in mind that closing a credit card will not automatically end your repayment obligations. Any EMI linked to a card transaction generally continues until the outstanding amount is cleared, subject to the issuer's terms and conditions.

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