Credit cards are becoming one of the popular payment facilities and are in high demand. The number of active users of credit cards is even increasing sharply every year.
But if you no longer need and intend to stop using credit cards, closing can certainly be the most appropriate option.
If you really don't want to use the credit card, permanent closure can be the safest step. Whatever the reason for applying for a credit card closure, be sure to do so in the right way.
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| Practical Ways to Stop Using Credit Cards |
Here are some easy ways to securely close your credit card:
1. Submit a written application
There are many ways that are often done to close credit cards, ranging from visiting the bank directly or even contacting the bank by telephone.
But if you are one of the busy people, then applying for credit card closure in writing can be a wise choice. Simply contact the bank by email or even fax, without the need to waste a lot of time on this one business.
Make sure you express the desire to close the credit card clearly. This is important, to avoid misunderstandings and also various other things beyond prediction.
If the bank is slow to respond to emails, then you continue the process with a phone connection.
2. Focus on closing credit cards and ignore bank offers
When applying for credit card closure, the bank may not immediately approve it. Credit cards are one of the businesses run by banks, so the closure will certainly harm them.
In this process, the bank will usually offer various interesting things, such as: credit limit increases, upgrades to other types of cards, or even free annual dues for the following year.
All of these offers may be interesting, but you should still focus on the main goal. You intend to stop using credit cards, so make sure you do it the right way.
Ignore all offers provided by the bank, so that your goal of closing the credit card does not fail.
3. Pay off all bills and make the most of the reward
If you still have the remaining bills in the credit card, then make sure you have prepared enough funds to pay off everything. You have to pay all the remaining bills in full, so that the purpose of closing the credit card can run smoothly. In addition, you also have to stop all automatic payment access made through the credit card, so that in the next month there are 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 completely closing the credit card.
Do this from the beginning, even before applying for the closing of the card to the bank.
4. 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 the onset of bills as well as various unwanted problems in the future.
5. Check credit balance return
Leaving more balance in the credit card is a common thing to do before the closing of the card.
This usually aims to avoid new bills and at the same time anticipate if it turns out that the bank applies closing costs.
When you have successfully closed the credit card, check the return of the remaining balance. Usually the bank will make a return through the personal account of the credit card user itself.
Close credit cards in the right way
Closing a credit card account is a frequently taken way to stop using this facility. For those who intend to do so, make sure they understand the terms and procedures specified by the bank. Close the credit card in the right way, so that later do not experience obstacles and problems again afterwards.
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