Credit Cards

What If Credit Card is Issued Without Consent ?

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What should a customer do if a credit card is issued without his/her consent (unsolicited card)?

Card issuers are prohibited from issuing unsolicited credit cards and are required to seek prior and explicit consent from the customer before issuing a card. However, if the customer receives an unsolicited card, he/she should refrain from activating or providing consent for activation of card through OTP or any other means. 

Also Read – Can a Late Payment Fees Charges on Partial Payment?

If no consent is received for activating the card, the card-issuer is required to close the credit card account without any cost to the customer within seven working days from the date of seeking confirmation from the customer and shall also intimate the customer that the credit card account has been closed. 

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