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If you close a credit card can a merchant still charge the account?
Wiki User
∙ 14y ago
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.
Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.
A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.
http://paymenttransactionsystems.com
http://merchantpos.net
Wiki User
∙ 14y ago
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Does it hurt my credit to close a savings account?
no. You will hurt your credit when you close an open line of credit.
Sample letter to close credit card account?
When sending a close a credit card account, you need to include your name, address and account number. You also need to include reason for closing the account.
Is there a form letter a person can write to close old charge accounts?
It doesn't need to be anything fancy. Just keep it simple. "Dear Creditor: I will no longer be using your credit card. Please close my account and report the account to the creditor bureaus as being closed at my request."
Does amazon really delete your credit card info after you close delete your account?
There is no reason to believe that Amazon keeps your credit card info after you close your account. If it concerns you, you can actually delete your saved payment information before you close your account. Or, you can delete your payment information and keep your account open in case you want to use it in the future.
How can you close a credit card account?
pay the balance,if any,and cut that bad boy up -> YOU CAN CLOSE IT WITHOUT PAYING THE BALANCE (CONTINUE TO PAY SO AS NOT TO DAMAGE YOUR CREDIT)...BUT IF IT'S A PROBLEM ACCOUNT YOU ARE BETTER TO BE THE ONE CLOSING THAN HAVING THEM CLOSE IT ON YOU.
Will your merchant account close after bankruptcy?
While it is more difficult to obtain a Merchant Account with a bankruptcy on your credit it is still possible. I was able to get a merchant Account through Orbitalpay (http://www.orbitalpay.com) with less than perfect credit as they are "in house" and are more leniant with approvals than most banks.
Can credit card companies close your account and continue to charge interest on the balance?
Sure can, a dirty deal.
Does it hurt my credit to close a savings account?
no. You will hurt your credit when you close an open line of credit.
If you close a credit card will it hurt your credit?
It will not affect your credit if you pay off the balance when you close the account.
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
When the credit card company gives you the option of closing your account instead of accepting their interest rate increase and you choose to close do they still charge you interest each month?
You can't close a credit card unless the balance is zero.
Sample letter to close credit card account?
When sending a close a credit card account, you need to include your name, address and account number. You also need to include reason for closing the account.
How do you close your line of credit?
Contact the credit company and tell them you want to close the account and tell them to send you a final bill.
If you close your account with a balance will this hurt your credit or your credit score?
To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.
Is there a form letter a person can write to close old charge accounts?
It doesn't need to be anything fancy. Just keep it simple. "Dear Creditor: I will no longer be using your credit card. Please close my account and report the account to the creditor bureaus as being closed at my request."
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
Can you be removed as a joint account holder when you have not placed any debt on credit card?
No you must close the account.
