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Cancel credit card, lose S75 protection on past purchases?
Sponge
Posts: 834 Forumite
I purchase high value items, such as washing machines, computers, etc on my credit cards. One such card being my soon to be discontinued Shell Citi Card. I bought a £600 laptop on this card a couple of weeks ago.
As the card will soon be stopping its cashback, I was thinking about cancelling it. This leads me to think about any S75 protection it offered. If I cancel the card do I lose that protection as I'm no longer a customer? Or does closing the account not cancel their legal obligations?
I suppose I could keep the account going, just to protect my past purchases. But I'd rather not have another card in my safe not being used.
As the card will soon be stopping its cashback, I was thinking about cancelling it. This leads me to think about any S75 protection it offered. If I cancel the card do I lose that protection as I'm no longer a customer? Or does closing the account not cancel their legal obligations?
I suppose I could keep the account going, just to protect my past purchases. But I'd rather not have another card in my safe not being used.
0
Comments
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The protection will still stand regardless0
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Wow. Quick response. And at 4am too. :money:0
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