How do I cancel a credit card correctly?

A credit card is one of the mostpopular and popular banking offers. Having issued it once for a certain period and with an established limit, you can use borrowed funds at any time. Many clients of financial institutions, along with a salary card, have a credit card. However, in the current economic situation, most borrowers decide not to use this type of services, since no one, even the most qualified financial analysts, can predict the probable difficulties.

When can a credit card be useful?

Such a banking product can be very usefulin case of unforeseen repairs or the need to replace a failed appliance of large household appliances. There are cases when it is more profitable to pay with a credit card than an ordinary debit card. Many large banks together with their partners carry out various loyalty programs, participating in which, the holders of the product have the right to a discount or keshbek. And given that many credit cards have a grace period, their use becomes profitable.

But not always the use of borrowed funds in such a waycan be useful for the client. Then he starts to think about how to refuse a credit card. Financial experts do not recommend registering these products in stores when buying digital and household appliances. Also, in no case should you activate and use the funds from credit cards that came by mail, especially if the client did not leave a request for its registration. How to competently abandon an unnecessary product and can this be done without compromising your credit reputation?

Can I cancel my credit card?

Refuse to use a banking productmaybe always. However, the method of refusal depends on whether it was used before, or simply sent it in a mail envelope to the house. If the card was activated and the holder used borrowed funds, then first of all the borrower should take care of the return of all the money spent and interest for use. In other words, ensure that there is no negative balance.

Signing a contract for the registration of a card, it is importantunderstand that in one way or another the bank will be charged a commission, regardless of whether the borrower uses it or not. As a rule, this condition is prescribed in the contract. Therefore, if there is a question about how to refuse a credit card, even if it has never been used, it is worthwhile to be ready to pay for its maintenance (the size depends on how long it took after the contract was signed).

As a rule, when applying to the bank with a statement aboutthe desire to pay off the debt and terminate the service contract, the credit specialist asks many questions, trying to understand the reason. The borrower does not have to answer these questions and can simply ignore them. The bank has the right to refuse to close the account only because of a negative balance.

How to refuse: Instructions for credit card holders

In order to abandon furtherservice and use of a credit card, it is necessary to close a credit account that is tied to it. Plastic is just a means of use, so if the account is not closed and the card is destroyed, this does not mean the end of the whole "history".

• It is necessary to report personally to the branch of the banking institution with which the contract was drawn up, to present a credit product (card) and a passport.
• On the form provided, fill out the application for closing the account.
• If the borrower's debt obligations are metcompletely, the contract will be closed. It is extremely important to ensure that the worker actually wipes the card. He must do it in the presence of the client. Also, it is worth requesting a document confirming the absence of debt on the account and a document on closing the credit account.

The closing procedure, as a rule, is the same in all banks. However, account closure takes different time in each organization. On average, this procedure takes from several days to a week.

Impose a credit card: how to refuse?

Actually obliging the client to signloan agreement a bank is not entitled under current legislation. But most often, such banking products are imposed by covert means. In any case, if the card is sent home, or specialists are constantly calling with suggestions, then you can insist on deleting your data from the client base.

The problem of how to refuse a credit card,It only occurs if a person really did not hold back and signed a service contract. Often, these additional products have to be agreed upon by buyers who draw up any household or digital equipment under a loan or installment plan in large hypermarkets where banks work. Is it possible to refuse a credit card in this case? Of course, this requirement is illegal. Often, loan officers bring to the client that card issuing is a must. Although it is possible to issue a technique in installments without it.

How to refuse a non-activated credit card?

Consider the universal situation: The bank has sent a credit card with an attached letter, where all the conditions of its use are described. However, the recipient decided not to use the product. It turns out that he has a non-activated credit card. How to refuse it that further there were no problems? In this case, you can not even go to the bank and not write any statements. The credit card begins only in case of its activation and further use. To avoid the temptation, it is recommended to just cut the plastic and throw it away. Initiation of any official procedure is not required.

Waiver of limit

Some borrowers, turning to the bank with the desireTo lower or completely abandon the credit card limit, they are refused to conduct this operation with the explanation that such an operation is simply impossible to conduct. In fact, it is not. But then how to abandon the limit on a credit card? The first step is to contact the office and write the appropriate application. However, it is important to remember that you will first have to pay off the arrears, because if a negative balance has been formed in the account, the bank has every reason to refuse.

Before withdrawing a credit card,it is worth understanding that if there is a desire to reuse this product, the bank can limit itself to only the minimum limit for the borrower or refuse it at all. Often, refusal to use the card spoils the relationship of the borrower and the lender. But if we take into account the current situation in the financial market, as well as the number and supply of banks, it is unlikely that a person with a positive credit history will not be able to issue such a product when a need arises.