How to cancel your credit card without hurting your score?

I can guide you well with this query. Because I also cancelled my credit which I wasn’t using. It’s better to cancel it than to let it stay in your pocket. You need to consider some things so you don’t hurt your credit score. Let me tell you how to close credit card without hurting credit score.

How to cancel your credit card without hurting your credit score?

There is no standard protocol for cancelling a credit card, as previously stated. When it comes to how to close credit card account without hurting credit score, you must ensure that specific procedures are followed. Following the steps mentioned below can help you reduce the negative impact of closing a credit card on your credit score.

1. You must first pay off the credit card's remaining balance before deciding to terminate the account. You won't be able to cancel the credit card unless you do this.

2. When it comes to cancelling a credit card, learn about the closing methods that the credit card company may provide. This lets you know of things you may not have been aware of, such as penalties.

3. When you make purchases with a credit card, you receive reward points. These reward points must be used before the credit card can be closed.

4. Automatic bill payments and transactions must be cancelled before the credit card can be closed. 

5. If you fail to do this, you may be responsible for the card's fees if the bank does not check up on your cancellation. So you must know how to cancel credit card without hurting score.

6. Check the credit card's most recent statement carefully to ensure that no last-minute charges appear. Before choosing to close the credit card, clear off all of the charges.

7. When you submit a request to cancel a credit card, make sure to follow up with the credit card provider to obtain an exact cancellation date. You won't have to pay any additional fees or charges this way.

8. You must ensure that the issuer provides you with written proof. This is critical because it aids in keeping track of when the issuer closed the credit card. 

Now you know how to close credit card without hurting credit score.