The Indigo credit card is a favored option for numerous individuals seeking to establish or improve their credit. Yet, there might be a moment when you determine it is necessary to close your account. Terminating a credit card can be a simple procedure if you adhere to the correct procedures. Within this article, we will furnish you with an extensive manual on effectively closing your Indigo credit card.
Things to Consider Before Cancelling Your Indigo Credit Card
Prior to making the decision to terminate your Indigo Credit Card, it is imperative to comprehend the potential consequences. One notable consequence is the effect on your credit score. The cancellation of a credit card has the potential to impact your credit score as it directly influences your credit utilization ratio, which is a crucial element in the computation of your credit score. Furthermore, if your card is linked to a rewards program, you may forfeit any unused rewards upon cancellation. Lastly, it is essential to bear in mind that any remaining balance on the card must still be settled, even after the card has been cancelled.
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Reasons for Canceling the Indigo Credit Card
There are various factors that may lead you to contemplate canceling your Indigo credit card, despite its numerous advantages. Here are a few common reasons why individuals decide to cancel their Indigo credit card:
- High Annual Fees: The Indigo credit card may impose annual fees that can accumulate over time, making it less appealing.
- Dissatisfactory Rewards Program: If you find the rewards program provided by the Indigo credit card to be unsatisfactory, it may prompt you to consider canceling it.
- Superior Credit Card Offers: As your credit score improves, you may become eligible for credit cards that offer better terms, lower interest rates, or more enticing rewards. This could make canceling your Indigo credit card a viable option.
Understanding the Cancellation Process
Prior to initiating the cancellation process, it is essential to carefully evaluate your alternatives and assess the potential consequences it might have on your credit score and financial standing. The following are the steps to follow in order to complete this procedure:
- Reviewing Terms and Conditions: It is imperative to thoroughly examine the terms and conditions linked to your Indigo credit card account before proceeding with the cancellation.
- Contacting Customer Service: You can reach Indigo customer service by dialing 866-946-95452. Regrettably, the operating hours for customer service are not provided on the website.
- Submitting a Cancellation Request: Clearly communicate to the customer service representative your intention to close your Indigo credit card account.
- Paying Off Outstanding Balances: Ensure that you settle any outstanding balances on the card before initiating the cancellation process.
- Confirming the Cancellation: Once you have completed the aforementioned steps, verify that your account has been successfully closed.
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Contact Customer Service
- In order to cancel your Indigo Credit Card, the initial step is to get in touch with the customer service department.
- The contact number for Indigo customer service is 866-946-95451.
- Regrettably, the website does not provide information regarding the operating hours of the customer service.
How to Cancel via Phone
- Dial the customer service hotline at 866-946-95451 to initiate the cancellation process for your Indigo Credit Card.
- Clearly communicate your intention to close your Indigo credit card account to the customer service representative.
- Adhere to the guidance and directions given by the customer service agent to complete the cancellation procedure successfully.
Contact details
| Information | Details |
| Customer Support Phone | 866-946-95451 |
| Customer Support email | [email protected] |
| Mail address | Concora Credit, P.O. Box 4477, Beaverton, Oregon 97078 |
| Official website | https://indigo.myfinanceservice.com/ContactUs |
How to Cancel via Email
Regrettably, we do not possess any details regarding the cancellation of your Indigo Credit Card through email. We strongly advise contacting the customer service helpline to initiate the cancellation process.
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How to Cancel through Customer Support
- Cancelling through customer support follows the same procedure as cancelling over the phone.
- To cancel, you must dial the customer service number and adhere to the guidance given by the customer service representative.
- The steps for cancelling are identical whether done through customer support or via phone.
Cancellation Policy of Indigo Credit Card
To terminate your Indigo Credit Card, you must get in touch with customer service. It is crucial to clearly convey your desire to close your Indigo credit card account to the customer service agent. Prior to initiating the cancellation, ensure that all remaining balances on the card have been paid off in full. This will guarantee a seamless and trouble-free cancellation procedure.
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Alternatives of Indigo Credit Card
- Discover it Secured Credit Card: This card offers a Cashback Match welcome bonus and has no annual fee.
- Credit One Bank Platinum Visa: This card has an annual fee of $39 and is suitable for those with fair to good credit.
- Chase Freedom Unlimited: This card offers up to $300 cash back as a welcome bonus and has no annual fee.
Please note that each card has its own terms and conditions, so it’s important to read the fine print before applying. Also, consider your own financial situation and credit score when choosing a credit card. It’s always a good idea to compare several options before making a decision.
Video Guide for cancelling Indigo Credit Card
Conclusion
In conclusion, canceling your Indigo Credit Card can be a straightforward process, but it’s vital to weigh the potential impact on your credit score and any rewards you might lose. Remember to settle any outstanding balances before initiating the cancellation. By following the steps outlined in this guide, you can successfully cancel your card over the phone. If you’re looking for alternatives, several credit cards offer enticing rewards programs or no annual fees. Carefully consider your financial goals and creditworthiness when choosing a new card. Remember, responsible credit card management is key to building a strong financial future.
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FAQs
Will Cancelling a card hurt my credit?
Closing a credit card could lower your credit score. That’s because it could lead to a higher credit utilization ratio, reduce the average age of your accounts and hurt your credit mix. Before closing a credit card, it’s wise to consider these factors and the potential impact on your credit score.
Will Cancelling credit card affect credit?
Closing a credit card can hurt your scores because it lowers your available credit and can lead to a higher credit utilization, meaning the gap between your spending and the amount of credit you can borrow narrows. Canceling a card can also decrease the average age of your accounts.
Is it better to cut up a credit card or cancel it?
Typically, it is advisable to maintain open credit card accounts that are not being used in order to reap the advantages of an extended credit history and a higher credit limit. Credit scoring systems tend to favor individuals with longstanding credit accounts and those who utilize only a small fraction of their credit limit.