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This applies to any credit card. You can do one of two things. 1) To CLOSE an account, you may still have a balance that you need to keep paying on but you can no longer charge on it. The advantage is that you prevent yourself from spending more. The disadvantage is that you can no longer negotiate lowering the interest rate if the account is no longer open. If you have a balance, it is to your best interest the stop spending, negotiate a lower rate, and pay it off as quickly as possible. 2) To CANCEL your card, you can not have a balance on it. The best thing to do is call the company to cancel, and then follow it up with a written request. Also ask them for a cancellation confirmation. Option 3, if you are trying to get rid of your debt, is to transfer your Kohl's balance to a Visa or MasterCard with a lower rate. Then cancel the Kohl card and DO NOT charge anything else on the MC or Visa. Just pay it down and close that when it is paid off.
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∙ 15y ago
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Can you give me a sentence for the word cancel?
Can I CANCEL this credit card
How do you cancel an accidental purchase on a parent's credit card?
The only ways to cancel an accidental purchase on a parent's credit card is to cancel the order from the producer/provider or cancel it through the credit card's business.
How do you cancel nordinvestcomp?
We had to cancel our credit card to get rid of the continuing charges
Request to Cancel Credit Card?
Get StartedThe Request to Cancel Credit Card is used to request the cancellation of a credit card. It may be a cancellation request for your credit card or you may be making the request on behalf of someone else, for example, on behalf of a card holder who has died.
If you apply for a credit card do you then have an option to accept or decline if you get approved or do you have to cancel the card if you decide not to take it?
Applying for a credit card does not mean that a person has to us it. It is advisable that the person does not cancel the card, as this actually is harmful to credit scores, while having an unused credit card can be beneficial for credit scores.
Can you charge on a credit card that is in your bankruptcy AFTER actually filing bankruptcy?
"Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card they will cancel the card unless you reaffirm the debt. Even if you have a zero balance the credit card company might cancel the card."
If i do a balance transfer from one credit card to another will the first credit card be cancel?
No... It will simply have a zero balance owing. The card will still be active - until you cancel it yourself.
What should you do if scam artist gets credit card info?
Cancel the credit card and tell the police.
How do you cancel your credit card?
call the company/ bank
Can you cancel your credit card?
One may always cancel their credit card, however, if one has a balance outstanding, one is STILL RESPONSIBLE FOR PAYING. From a credit reporting standpoint, it is never good to cancel a credit card because the number of open accounts is reduced and the relative credit usage is reduced (both resulting, generally, in a reduction of credit score).
Mervyns Department Store closed so how do you cancel your credit card with them?
call and cancel
What do you do if you lost your credit card?
Call the credit card company and tell them it is stolen. They will probably cancel your card and issue you with a new one.
