As per the recent RBI guidelines, banks are required to close the credit cards that have not been used within the first 30 days of card issuance. The new credit card can be activated by either giving the consent for usage or by doing any transaction using the card. Credit card, if not activated withi­n 30 days of card issuance, are subject to closure as per the guidel­ines.

The cardmembers can activate their credit card using any of the following methods:

• Do a transaction using the card
• Generate / change credit card PIN
• Manage card control or set transaction level limit
• Set Auto Bill pay request set on the card
• Click ‘I Agree’ button on the emailers sent by the bank within the first 30 day period
• Give a missed call on 8101081010
• SMS ‘Active’ to 9702199911
• Balance Transfer from other bank card to Standard Chartered credit card
• Receiving any payment on the card
• Set up of Instabuy account (on approval of Dial a loan, Dial a multiplier loan, Kuch bhi on EMI services)

In case the card is not activated within 30 days after card issuance, the Bank shall close the card within 7 working days. Any fee (including GST) levied on the card will be reversed by the bank.