We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Credit cards

Can you Cancel a credit card or stop it from been used by yourself but just make payments on it

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes. Phone to close the account and you will just need to keep paying the balance.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    cuttting it up is fairly effective too
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I would cancel it (and cut it up).
    Cutting it up stops you using it but it could potentially be used fraudlently.
    Cancelling it should stop any new transactions.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    They wont actually close the account until the balance is clear.

    Just cut it up and when the balance is zero, just ring them up to cancel it.

    Or leave it open (still cut it up) I think sometimes it can help your credit rating, just make sure there isnt a dormancy fee.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    Don't forget however that if you have a rolling balance then you'll be charged a monthly interest fee, unless you have a 0% card.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.3K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.