You can find the best number to contact on the back of your credit card. You can close your account over the phone by calling Chase customer service. From there you should be contacted by Chase confirming that your account has been closed, or requesting additional information if necessary. Once in the secure messaging system, select the option that says “I have a question about one of my accounts.” The last step of this process is to select the account you want to close and to provide a brief explanation of why you are closing the account. On the left side of the screen, you will find a drop-down menu where you will find the “secure messaging” tab. To do this, simply log into your Chase online account and go to the management page. You can close your Chase account online through its secure messaging system. There are three primary ways to go about closing an account with Chase: Online So, you’ve considered all your options and you are ready to close your account. Contact Chase’s customer service line to see your options when it comes to transferring your limit. However, Chase won’t allow you to transfer a line of credit from a business credit card to a personal credit card, and it may require you to leave a small credit limit on the card you are transferring from.Ĭredit line transfers are typically simple to initiate and can be processed within 24 hours, but it’s not a guarantee. Transferring your line of credit won’t affect your credit score and it could save you from that dreaded dip in your credit score. If you have more than one Chase card, another option to consider when closing your account is transferring your line of credit to another Chase card. Consider asking to transfer your credit limit If not, make a plan to pay off that balance even after you close your account so that you don’t accrue high-interest charges. The best move is to pay off your balance in full, if possible. If you still decide to close a Chase account it’s important to check your outstanding balance. See related: What is a good credit utilization ratio? Before closing your Chase account Unlike the Chase Sapphire Reserve credit card, Chase Freedom Flex charges no annual fee, and while it’s a cash back card, the ability to earn Chase Ultimate Rewards points means that you can apply your rewards toward travel as well.Ĭhoosing to downgrade or upgrade your credit card has the added benefit of protecting your credit score, which can be dinged when your utilization ratio changes as a result of your total line of credit decreasing. Before you cancel your card, consider downgrading to a card like the Chase Freedom Flex℠. When deciding whether or not to keep a card, look into your options for upgrading or downgrading it before making any final decisions.įor example, let’s say that you signed up for the Chase Sapphire Reserve card to earn its 50,000 point sign-up bonus (after spending $4,000 in the first three months), but now that $550 annual fee is too much to handle. Upgrading and downgrading your Chase card However, before choosing to close a Chase account altogether, you should consider all options available to you. Whatever the reason, there may come a time when your credit card isn’t meeting your needs. Or, you could simply have found that you don’t use the card as often as you expected and don’t want the hassle of monitoring it. If you applied for a Chase card for the rewards or introductory bonus, but now you’re stuck with a high APR, you may want to find a card offering a better rate. Interested in a different type of rewards cardĪll of these concerns are valid reasons to reevaluate your credit card.There is a multitude of reasons why you may want to close a Chase account. But, before you decide to cancel your card, consider a few other options that are available to you. The good news is that canceling an account with Chase is a simple process. If your Chase credit card is no longer useful or a burden financially, you may understandably want to cancel your card.
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