There are several reasons why cancelling a credit card may be necessary, including reducing the temptation to overspend, simplifying personal finance management, or switching to a card with better benefits. However, it is crucial to be aware of the correct procedure in order to avoid any potential pitfalls. This blog post aims to provide guidance on how to cancel a US Bank credit card effectively.
Things to Consider Before Cancelling Your US Bank Credit Card
Prior to canceling your card, it is crucial to consider a few factors. Firstly, you should be aware of the impact it may have on your credit score. Closing a credit card can potentially affect your credit score, so it is important to comprehend this potential outcome. Secondly, any unredeemed rewards points you have accumulated may be forfeited upon cancellation. It is therefore recommended to redeem these points before proceeding with the cancellation. Lastly, make sure that you have paid off your balance completely before canceling the card. This will help avoid any complications or additional charges that may arise after the cancellation.
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Understanding the Implications
Prior to initiating the cancellation process, it is essential to comprehend the possible consequences:
- Impact on Credit Score: The closure of a credit card account could have an impact on your credit score. This action may lower your total available credit and raise your credit utilization ratio.
- Forfeiture of Rewards: Any unredeemed rewards may be forfeited upon cancellation. Remember to redeem them prior to proceeding.
- Zero Balance Requirement: Verify that your card balance is at zero. It is not possible to close a credit card account with an outstanding balance.
Steps to Cancel Your US Bank Credit Card
Please adhere to the following steps in order to cancel your US Bank credit card:
- Redeem Your Rewards: If your card offers rewards, be sure to redeem them prior to cancelling the card. Any unused rewards are typically lost once the account is closed.
- Pay Off Your Balance: Ensure that your card balance is at zero. If there is still a remaining balance, make the necessary payment or transfer it to another card.
- Contact Customer Service: Reach out to the number provided on the back of your card or the general customer service number (800-285-8585). Inform them of your intention to cancel your card.
- Follow Instructions: The customer service representative will assist you in the cancellation process. They may attempt to convince you to retain the card by offering certain incentives.
Also Read: How To Cancel Best Buy Credit Card
Contact Customer Service
- Contact US Bank customer service to cancel your credit card.
- Call the number on the back of your card or the general customer service number (800-285-8585).
- Send an email to customer service or use the customer support option on the US Bank website or mobile app.
Contact details
| Information | Details |
| Customer Support Phone | 800-285-8585 |
| Customer Support email | [email protected] |
| Mail address | 800 Nicollet Mall in Minneapolis, Minnesota. |
| Official website | https://www.usbank.com/customer-service |
How to Cancel via Phone
- Contact Customer Service: Reach out to the customer service department by dialing the number provided on the back of your card or the general customer service number.
- Confirm Your Identity: You will need to confirm your identity as a security measure before proceeding with the cancellation.
- Initiate Cancellation: After your identity has been verified, communicate to the representative your intention to cancel your card.
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How to Cancel via Email
- Compose an Email: Craft a succinct and well-written email expressing your desire to cancel your card.
- Provide Essential Details: Ensure to include your name and the final four digits of your card number, avoiding the disclosure of the complete number.
- Dispatch the Email: Forward the email to the designated customer service email address specified by US Bank.
How to Cancel through Customer Support
- Access your account: Sign in to your US Bank account using either the website or mobile app.
- Locate customer support: Look for the customer support or help section within your account.
- Initiate cancellation: Follow the provided instructions to initiate the cancellation process for your card.
Also Read: How To Cancel Best Buy Credit Card
Cancellation Policy of US Bank Credit Card
As per the cancellation policy of US Bank, it is necessary for your card balance to be at zero before you can proceed with closing your account. This implies that all outstanding dues must be settled before cancellation. Furthermore, it is advised by the bank to redeem any accumulated rewards points before canceling the card. This is because once the account is closed, these points will be forfeited and cannot be recovered. Hence, to prevent any loss, it is recommended to redeem these points while your account is still active.
Alternatives to US Bank Credit Card
- Petal Visa Credit Card with Cash Back and No Fees: Utilizing an underwriting model powered by machine learning, this card takes into account various factors including income, expenses, savings, and debts of applicants.
- Mission Lane Cash Back Visa Credit Card: An additional choice for a credit card.
- AvantCard Credit Card: This is also a viable alternative.
- Grow Credit Mastercard: Yet another option for a credit card.
It is important to note that each of these options comes with its own set of pros and cons, therefore it is crucial to select the one that best suits your needs.
Also Read: How To Cancel Citi Credit Card
After Cancelling Your Card
After canceling your card, it is important to take the following steps:
- Request a Confirmation Letter: Kindly ask for a confirmation letter or email that verifies the closure of your account and confirms a zero balance.
- Monitor Your Credit Report: Regularly review your credit report to ensure that the closed account is accurately reflected as “closed”.
- Safely Dispose of Your Card: Once the account closure is confirmed, it is advisable to securely cut up or shred your card to safeguard against any potential fraudulent activities.
Video Guide for cancelling US Bank Credit Card
Conclusion
In conclusion, canceling your US Bank credit card can be a smooth process by following the steps outlined above. Remember to prioritize settling your balance, redeeming rewards, and contacting customer service. Consider the potential impact on your credit score and explore alternative cards that better suit your financial goals. After cancellation, request confirmation and monitor your credit report. By managing the process thoughtfully, you can successfully close your US Bank credit card and move forward with confidence.
Also Read: How To Cancel Kohl’s Credit Card
FAQs
Can I close U.S. Bank credit card online?
You can cancel your U.S. Bank credit card over the phone at (800) 285-8585. Alternatively, you can send your request via fax or regular mail. At the moment, U.S. Bank does not have an option to cancel a credit card online.
Can I cancel my credit card online?
Calling your credit card issuer’s customer service department is the most dependable way to cancel your credit card account. Credit card companies typically do not allow you to cancel an account online, but it is possible with a handful of major issuers.
Does U.S. Bank charge a fee to close an account?
BB&T (BBT) and Citibank charge a $25 fee if the account is closed within 90 days, while U.S. Bank, HSBC (HBC), and PNC Bank (PNC) charge customers a $25 fee to close an account that has been open for fewer than 180 days.