# Closing credit card with EMI does not erase repayment duty 2026-08-10T11:51:06+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Closing a credit card does not end your repayment obligations, experts say, even if the card has an outstanding EMI. The repayment continues until the full amount is cleared, subject to the issuer's terms, and foreclosure may attract charges. Experts advise checking outstanding EMIs, pending dues and closure charges before cancelling. Ashish Lath of SaveSage notes that RBI rules require banks to close a card within seven working days, but only after all dues are paid. Consumers should obtain formal closure confirmation through email and phone to avoid credit-score damage. Missed payments can affect the credit profile. ## Coverage - livemint.com Tags: credit cards, debt, EMI, personal finance, RBI rules Canonical: https://indianopinion.org/closing-credit-card-with-emi-does-not-erase-repayment-duty/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/closing-credit-card-with-emi-does-not-erase-repayment-duty/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.