How To Stop Using Credit Cards? Credit cards are one of the most popular payment facilities and are in great demand. The number of active credit card users even increases sharply every year.
But if you don’t need it and intend to stop using a credit card, closing it can certainly be the most appropriate choice.
If you really don’t want to use a credit card, closing it permanently can be the safest step. Whatever the reason for applying for credit card closure, be sure to do it the right way.
The following are some easy ways that need to be done to safely close a credit card:
How To Stop Using Your Credit Card For Everything
Submit a written application
There are many ways that are often done to close a credit card, starting from visiting the bank directly or even contacting the bank via telephone.
However, if you are a busy person, then applying for a credit card closure in writing can be a wise choice. Simply contact the bank via email or even fax, without the need to waste a lot of time on this one business.
Make sure you clearly state your intention to close the credit card. This is important, to avoid misunderstandings and other things that are beyond prediction.
If the bank is slow in responding to emails, then you continue the process by cell phone.
Also Read: What Should I Do if I Lost My Credit Card?
Focus on closing credit cards and ignoring bank offers
When applying for a credit card closure, the bank may not immediately approve it. Credit cards are one of the businesses run by banks, so closing them will certainly harm them.
In this process, the bank will usually offer various interesting things, such as increasing credit limits, upgrading to other types of cards, or even free annual fees for the following year.
All of these offers may be attractive, but you should still focus on the main goal. You intend to stop using a credit card, so make sure you do it the right way.
Ignore all offers given by the bank, so that your goal of closing the credit card does not fail.
Pay off all bills and take full advantage of rewards
If you still have remaining bills on your credit card, then make sure you have prepared enough funds to pay off everything. You must pay all the remaining bills in full so that the purpose of closing the credit card can run smoothly. In addition, you must also stop all access to automatic payments made through the credit card, so that in the following month there will be no more incoming bills.
Don’t forget to check all the rewards you still have on your credit card. Take advantage of all these rewards to the fullest, before finally closing the credit card.
Do this from the start, even before applying for card closure to the bank.
Make sure the credit card is blocked
After applying for credit card closure, the bank may take some time to do so.
When the application has been approved, you need to check to make sure that the credit card account has been completely blocked by the bank.
This is important and will help avoid incurring bills and other unwanted problems in the future.
Check credit balance refund
Leaving an excess balance on a credit card is a common thing to do before closing the card.
This usually aims to avoid new bills and at the same time anticipate if it turns out that the bank applies a closing fee.
When you have successfully closed the credit card, check the return of this remaining balance. Usually, the bank will make a return through the personal account of the credit card user itself.
Close Credit Cards the Right Way
Closing a credit card account is a way that is often taken to stop using this facility. For those who intend to do so, make sure they understand the terms and procedures determined by the bank. Close the credit card in the right way, so that later you don’t experience problems and problems again afterward.