You may like to cancel your card to scale back on spending.

Simple tips to cancel your card the right way

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There is more to cancelling credit cards than cutting it.

Or perhaps you could have lost it or decided you aren’t getting sufficient value from it.

These actions show you through the entire process of cancelling your card.

1. Spend down your charge card in complete

Balance should be $0 before you can cancel your charge card. So that the first faltering step is always to spend your credit card off in complete, including any interest or charges.

If you’re able to spend your card down right away

Confer with your bank or credit provider. See whenever you can pay back and cancel the card instantly online, over the telephone or at a branch.

If you are finding it difficult to spend down your card

Contact your bank or credit provider instantly. Read more