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How do you cancel a credit card that you have never used and never plan to use?
Wiki User
∙ 8y ago
Contact the creditor. My next question would be "How do I find this creditor?" Check your card - there should be a phone number (usually 800) for customer assistance. Also, if you have anything that came with the card, check those documents. When you do contact them, tell them that you want to cancel the card. They may be able to do it over the phone, or they may require a letter. In either event, ask them to report to the three major credit bureaus (Equifax, Experian and Trans-Union) that the account was closed at customer's request.
Wiki User
∙ 8y ago
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If you have a credit card you never use is it better for your credit rating to cancel the card or to just keep the account open but unused?
The answer to this question depends on your overall credit scenario and your specific goals. Having a unused credit card account can damage your credit over time. It might be a good idea to cancel the card if you don't plan on getting a loan. The rule is, only get additional credit if and only if you need it! Why don't you charge something like 5 bucks on that card every month to keep it active?
Does cancelling a credit card affect your credit score?
Yes, canceling a credit card always reduces your credit score. It never improves your credit score if you cancel a credit card account. If you have had the card for more than 2 years, or if you have a substantial amount of available credit at the time that you close the account, then the reduction in your credit score is even greater. However, if it makes sense to you to close the card, and you do not plan large purchases in the near future, your credit will recover without your feeling the difference.
How can a student get a credit card designed for them?
You can go to a local bank and they could offer you a credit card plan especially tailored for the need of students like you. If you already have a bank account, they can tie in your account with a credit card plan and this would be the best move so you can easily pay your credit card bills.
What does credit card negotiation mean?
Credit card negotiation is when you contact the bank and negotiate your credit card debt. This can mean negotiating a payment plan or just trying to get the overall debt reduced.
Can your credit rating or score improve without using your credit card?
Yes, your credit rating is based upon all forms of credit, not just your credit card. For example if you have a telephone on a plan, this is a form of credit and that will add to your credit history which increases your credit rating.
If you have a credit card you never use is it better for your credit rating to cancel the card or to just keep the account open but unused?
The answer to this question depends on your overall credit scenario and your specific goals. Having a unused credit card account can damage your credit over time. It might be a good idea to cancel the card if you don't plan on getting a loan. The rule is, only get additional credit if and only if you need it! Why don't you charge something like 5 bucks on that card every month to keep it active?
Does cancelling a credit card affect your credit score?
Yes, canceling a credit card always reduces your credit score. It never improves your credit score if you cancel a credit card account. If you have had the card for more than 2 years, or if you have a substantial amount of available credit at the time that you close the account, then the reduction in your credit score is even greater. However, if it makes sense to you to close the card, and you do not plan large purchases in the near future, your credit will recover without your feeling the difference.
What happen if you did not use your credit card for 2 month?
It depends on the credit card and company, and your specific plan. Usually nothing. Some may charge a small fee for maintaining the card (which may be waived if the card is used.) Some may cancel the account, such as is common with Pre-Pay cards. Contact your bank or credit company for more info.
How can a student get a credit card designed for them?
You can go to a local bank and they could offer you a credit card plan especially tailored for the need of students like you. If you already have a bank account, they can tie in your account with a credit card plan and this would be the best move so you can easily pay your credit card bills.
What does credit card negotiation mean?
Credit card negotiation is when you contact the bank and negotiate your credit card debt. This can mean negotiating a payment plan or just trying to get the overall debt reduced.
Can you pay your outstanding credit card bill on installment plan?
yes
How can I open a new credit card to finance my new business?
A business credit card can be great if you can find a card that works for you. Check out several credit card provider websites to find a plan that works for you then apply online, over the phone, or at your bank.
Can your credit rating or score improve without using your credit card?
Yes, your credit rating is based upon all forms of credit, not just your credit card. For example if you have a telephone on a plan, this is a form of credit and that will add to your credit history which increases your credit rating.
Do you have to have your walmart credit card to shop?
Only if that's how you plan on paying for your merchandise.
Can credit card companies take money owed them from your company defined pension plan?
No.
What do you need to bring to a verizin store to purchase a plan?
you need identification and a credit card
How can you find out about card protection?
Credit card protection is fairly easy to find. Most credit card companies offer a protection plan. Companies that offer credit card protection usually charge for the services while your own company may have either free or cheaper rates.
