Amazon Pay Later. Hello, all you online shopping enthusiasts out there! We all have an ongoing love affair with the sheer convenience that online shopping brings, don’t we? Meanwhile, the Amazon Pay Later feature has made it even easier for us to indulge. However, you might find yourself wanting to close this account due to various factors, such as better offers from other companies, terms you’re not happy with, or just to avoid temptation! Don’t worry; we’ve got you covered. In this comprehensive guide, we’ll walk you through how to close your Amazon Pay Later account.
Feeling the Need to Close Amazon Pay Later, But Why?
Even though Amazon Pay Later is a fantastic tool for easy payments and facilitates instant purchases, there can be several legitimate reasons to close the account. Understanding these is a vital part of our journey.
Are there better options?
Buying online has many perks, and there are numerous EMI and easy payment options available today. Banks, e-commerce platforms, and other fintech companies offer tempting options with lower interest rates or better benefits.
Questioning the Affordability
Sometimes, customers might find EMI payments burdensome after a while. They might want to reduce their financial obligations or avoid the temptation of easy credit.
Coming to Terms with Amazon Pay Terms of Use
Before closing your account, it’s critical to understand the terms of use of Amazon Pay Later. You need to clear all unpaid dues and accommodate all the necessary implications before moving on this journey.
Clearing all Outstanding Dues
Before closing your Amazon Pay Later account, you have to ensure that all dues are cleared. Coming up short on this step might result in further complications and hardships.
Understanding the Implication of Credit Score
Closing your Amazon Pay Later account also means that you’ll lose your credit limit, which could impact your credit score. If you have other credit sources, this might not be a huge issue, but if this is your primary line of credit, it’s a factor worth considering.
If your leading partner is IDFC First Bank, you can contact their customer support. IDFC customer care number for loans is 1860 500 9900.
Contact Capital Float Customer Care
Call 080-68075001
Ask them to close the Capital Float Account linked to your Amazon Pay Later
Verify your name and credit limit
Provide a reason for closure (non-usage, CIBIL score impact, etc.)
Shortly, you will receive a ticket ID at your registered email address for your account closure.
The A/C will become inactive within 3–4 days
CIBIL entry will take ~45 days to go away
If you want to deactivate your Amazon Pay Later account, you can follow any of the methods, and the closure will be instant. The procedure to deactivate the account depends on your lending partner. Depending on your lending partner, you can choose any closure method.
Note: If you’re unable to find the ‘Close my account’ option or run into any issues during the process, reach out to Amazon’s customer service for help.
Once you’ve closed your Amazon Pay Later account, you lose your credit line. So, you’ll have to look for other payment options for your future purchases. Keep this in mind while making this decision.
A Word of Caution
It’s crucially important to tackle impulsiveness when deciding to close your Amazon Pay Later account. Consider these aspects, among others:
Does closing the account make your online shopping inconvenient?
Are you closing the account because of a temporary cash crunch?
Have you explored all the benefits and offers before making the decision?
Wrapping Up: Is Closing Your Amazon Pay Later the Right Decision?
In the end, whether or not to close your Amazon Pay Later account is a personal decision. It could be the right thing to do if you’ve had difficulties managing it or have found better alternatives. However, if you are benefiting from Amazon Pay Later’s features and are not having any issues, it may not be the best decision at this time. Gauge your needs and your possibilities while considering such a decision.
Remember to take some time to weigh your options, think things through, and consider what will work best for you. It’s always important to carefully consider any significant financial decision. Remember, financial peace is not achieved in a day!
So, good luck with your decision, and happy online shopping! Whether or not you decide to close your Amazon Pay Later account, may your online shopping experience always be filled with great deals and huge savings!
Frequently Asked Questions
Can I deactivate my Amazon Pay Later account?
Yes, you can deactivate your Amazon Pay Later account in simple steps. Contact Amazon customer support or your lending partner for the closure of your account. The deactivation is usually instant, provided there are no pending dues.
Is there any charge for Amazon Pay later deactivation?
No, there is no charge for deactivating the Amazon Pay Later account. However, there should be no pending dues. You need to clear all pending dues before the closure of your account.
How do I check the lending partner for Amazon Pay Later?
You can check the lending partner for your account in the Amazon app. Go to the Payer Later tab to find the details.
