what is the proses for canseling a credit card?

Answer 1

you call up the number on the back of the card, they confirm its you, then you tell em you want to cancel it immediately.

should be that simple.

They make it fast in case it might have been stolen or whatever.

Answer 2

Its pretty easy as most have stated. I have gone online to cancel before also. THe best way is to call the company and tell them that you do not want the card any longer and wish it to canceled immediatly. If you do have a balance, the account will be closed so you don't spend anymore but the bills will keep on coming as usual until paid off. They might try to talk you into keeping it open and you will just have to be firm and tell them NO just close my account. I use to work for a credit card comp and I hated it. I am not aggressive and forceful at all. Good luck.

Answer 3

There's always a right way and a wrong way to do things, and that goes for canceling a credit card.

Whatever your reason for getting rid of a credit card you'll want to make sure you do it thoroughly and that no harm is done to your credit report.

Pay off the balance
First, don't try to cancel a card while you're paying the balance. Cancel the card only after you have paid off the balance in full.

"There isn't a need to cancel that account until you're through with it," says Jean Brannan, community outreach coordinator for Consumer Credit Counseling Service in West Palm Beach, Fla. She adds that you have to employ self-discipline and stop using a card while you're paying off the balance.

Follow these steps
OK, let's say you have paid off a card's balance and you want to cancel the account. Brannan suggests that you do the following, in order: • Notify the card issuer by phone.
• Follow up by notifying the card issuer in writing.
• Get a copy of your credit report and make sure it's accurate.
• Repeat, if necessary.



Notify the issuer by phone
Your issuer's customer-service number will be printed on the back of the card, on the monthly statement, or both. Call that number, confirm that your balance is zero, and notify the customer-service representative that you're canceling the card.

Do not call to cancel a card if you still have a balance. If the card issuer knows you are thinking about leaving, it could raise your interest rates to the maximum allowable by law as a penalty for closing the account, if you do so with an outstanding balance.

Some companies will allow you to cancel without even talking to a customer service representative. Others will transfer you to a special department for the sole purpose of trying to convince you to not cancel your card.

Listen to a counteroffer
Steve Rhodes, past president of Myvesta.org, a financial crisis treatment center, suggests you spend a little time listening to the representative. They might be willing to lower your interest rate, offer a two-for-one airline ticket, or upgrade your standard card to platinum. Carefully consider the ramifications of keeping the card open. If you are in the process of reducing the number of credit cards you carry, then cancel a different card.

If no such offers are made, or appeal to you, then go ahead with the cancellation and do not allow the representative to convince you otherwise.

Follow up with a letter
Write a short letter to the card issuer. "If you can get a name so you can send it directly to someone, that is better," Brannan says.

The letter should say that you're closing your account and that you want your credit record to reflect the fact that you requested that the account be closed. Provide your name, address and account number.

Send the letter by certified mail or return receipt requested. That way you can prove that the card issuer received your letter,

Answer 4

Call the number on the back of the card.

Answer 5

Pay the debt off, call the company and tell them you want to cancel your credit card. simple

Answer 6

Call the 800 number on the back and ask.