Closing a CC that has credit balance

humfer

Going to close a Sainsburys card next month once the annual cashback has been applied to the account. In addition to this as I have just paid off the balance a couple of weeks ago, I notice they have also taken the usual direct debit so eventually the card will be about £130 in credit. When I phone up and cancel card will then send this as a cheque or do I have to 'spend' on the card to reduce the balance down to zero?

mad

They should send you a cheque for the credit. I have closed two credit cards with credit balances and that is what happened I have a cheque from Capitol One for 1p from one of them (Not cashed, framed)

I always close credit cards in writing as well, that way you can formally request that they send any credit balance to you

black-saturn

My boyfriend has been in credit for 6 months by about 30p. It must cost them more in postage to keep writing to him every month to tell him that. So it's one last laugh on them. :rotfl:

trets77

my Natwestr cc was £4 in credit after i closed it. cause thet decided to take a min payment afer i cancelled it. made them send me a cheque and kept the written confirmation that the card was then cancelled.

they sent me a bill this month for £0 ....morons

Sutty

I have closed a Yorkshire bank, Egg and Barclaycard credit cards over the years, each time with a credit balance. Each time the company has simply transferred the money to my bank account. I'm sure if you just ring them up and ask them to do this they should oblige.

Enter_2

black-saturn wrote:

My boyfriend has been in credit for 6 months by about 30p. It must cost them more in postage to keep writing to him every month to tell him that. So it's one last laugh on them. :rotfl:

lol...that is their job anyway, they must write him