Credit Repair Information, FREE Credit Card Application Center, Low Interest, money back guarantee, debt consolidation, and website credit!

Credit Card Offers

0% Balance Transfer 0% Balance Transfer
Credit Cards for Bad Credit Bad Credit Credit Cards
Credit Cards for Bad Credit Pay Day Loans
low interest rate credit cards Low Interest Cards
cash back and rewards cards Cash Back & Rewards
airline mileage credit cards Airline Mileage Cards
business credit cards Business Credit Cards
student credit cards and information Student Credit Cards
Auto & Gas Cards

MasterCard Cards
Citibank Credit Cards
Chase Credit Cards
American Express
Discover Credit Cards

Credit Cards for Bad Credit
Student Credit Articles
Credit Cards for Bad Credit Mortgage Calculators
Credit Cards for Bad Credit
Tax Help Information
Credit Cards for Bad Credit
Consolidating Your Debt

Credit Card Issuers

- Chase Bank Credit Cards
- Citi Bank Credit Cards
- American Express Cards
- Discover Credit Cards
- Mastercard Credit Cards


Special Credit Offers

Credit Repair
Earn a College Degree
Background Checks
FREE Cash Advances
Free Credit Report
Get a Car Loan
Are You Single?
Lose 20 Pounds Now!
Life Insurance Quotes

Canceling Your Student Credit Card

By: Larry Goldberg

If you’re like most students, as soon as you hit campus, you applied for one or more credit cards. The time may come, though, when you want to cancel a few of those cards. There are several steps to take in the process of canceling a credit card. Before you do, though, make sure that you’re doing the right thing. Experts suggest canceling a card in which you still hold a balance just isn’t a good idea because the card issuer may change your APR after you’ve paid off the balance. Moreover, canceling a student credit card account that you’ve built positive credit history with isn’t a good idea either, as once you’ve opened the account, the damage is done to your credit report. Canceling it doesn’t change that damage, and new lenders will see the cancelled account as problematic.


If you’ve still decided that now is the time to cancel that credit card, your first step is to contact the company. Give them a call, and don’t be surprised if they attempt to talk you into staying with the company. Get the name of the person you’re speaking with, and try to get a name and an address of someone who you can send a follow-up letter to in order to ensure that your account has actually been closed. Don’t forget to be sure that the person on the phone notes that the account was closed at your request, not at the request of the company. If it appears on your credit report that the account was closed by the creditor, you could have problems getting more credit cards in the future. In most cases, the company will send you a follow-up letter in just a matter of days, but just to be sure, it’s time to move on to step two.


The next step is to send your own follow-up letter to the company. Get the name of a person to send it to directly, and be sure to state (in the letter) that you are terminating the account, and that you want your credit report to reflect the fact that you wanted to close the account. Offer them your name, your mailing address, and the number of the account you wish to close. Don’t drop it in the mailbox just yet, though. In order to ensure your letter reaches its destination, use certified mail. You could also request a return receipt. Should you ever have a problem, you can at least prove the company got your written communication.


Your last step is to play the waiting game. Give your credit card company at least thirty days before you pull a copy of your credit report to ensure that everything is correct. If there’s a mistake, be sure to contact the credit bureau to get your repot cleaned up.


Opening student credit card accounts is a great way to establish a positive credit history, but should you need to close them, be sure to follow these steps to ensure that it doesn’t hurt your chance at future credit.


More Helpful Articles >>>

Student Credit Cards Promotion

More Student Credit Card Articles >>>

“I have saved hundreds of dollars on interest alone. Also I didn’t have to file for bankruptcy, so that was a plus without a doubt. Thank you, LetsGetCredit for being there when I needed help.”

S.C. Dallas, TX

“I was dangerously overburdened with credit card debt. Though legally I could have declared bankruptcy, I felt it would be more proper to find a way to pay off these debts. Through your organization, I was able to pay off my debts and manage my income more effectively.”

S.K.G. Glenview, IL has given me hope. I can see the light almost at the end of the tunnel. It has also given me the insight as to how to stay out of debt in the future.”

– A.W.S. Winston-Salem, NC

More Testimonials >>>

Earn Your Degree NOW! - Earn your Degree Now and Enhance Your Career. Flexible Online and Campus Programs Available. Request Info Today. It only takes A Minute. Earn your DEGREE on your own terms...

GET CASH INSTANTLY - - Apply For a Fast Pay Day Loan Up to $1500! Get the Cash you need by TOMORROW! Apply Now!

FREE Credit Report - What does your credit score say about you? Get your credit score instantly! The average U.S. credit score: 675. How do you compare?

Apply for Unsecured Credit Now - Apply now for unsecured imagine gold mastercard credit card. Three financial offers in one application, credit cards and cash.

Additional Offers >>>

  • Cancelling Your Credit Cards - Canceling credit cards is not always a wise option. You may think it will improve your overall credit report score; however...

  • 0% APR Saves You Money- If you have a credit card, which most of us do, then you’re probably paying your fair share of interest on your debt.

  • Your Credit Score - Just how important is your credit score, you may ask? Well, it is very, very important. Your credit score is the main thing that will