How Do I Close My Visa Credit Card?

Closing your Visa credit card account is one step you can take toward gaining financial freedom and reducing your overall debt. The best way to close your account is by calling the lender that issued your Visa credit card. Make sure you redeem all reward points you've earned before closing and check your credit report to make sure the account closure is accurately reflected.

When reorganizing your personal finances, you may be looking at what credit accounts you can close. If you have a Visa credit card, you may be considering removing that account from your active ones, but how do you close your Visa credit card? For guidance, you can contact Visa customer support here, and below is information on how to close your credit card.

Before Closing Your Card

Before you close your credit card, make sure you do the following:

  1. If your Visa credit card has a reward program, redeem all your reward points before closing your account. Once you close your Visa credit card, any unused points will be forfeited, so you want to get what you've already earned.
  2. Look at your credit utilization ratio and make sure closing your Visa account will not push your ratio over 30 percent overall. When calculating credit scores, your utilization is determined by dividing the amount of credit you are using by the total amount available.
  3. Know that your credit score may take a dip initially when you close your Visa credit card, but this dip is usually very short-lived, and your score will rebound quickly.
  4. Make sure you don't have an unpaid balance on your Visa credit card.
  5. Even after you close your account, you may get one last bill for any interest that may accrue between the request to close the account and when the account actually closes. Your Visa credit card account is not completely closed until your balance is paid in full.

How To Close Your Visa Credit Card

Now that you have reviewed the steps before closing your Visa credit card, you can take the next steps in the process as listed below:

  1. Call the lender that issued your Visa card (whether it was a bank, credit union or retailer).
  2. Verbally request that your Visa credit card account be closed and ask if there is a balance on the card that must be satisfied before closing the account. If there is a balance, submit that payment over the phone at that time.
  3. If the customer service representative offers you retention incentives, politely decline those and reaffirm you wish to close your account.
  4. Make sure you tell the representative to notify credit reporting bureaus that the account was closed at the customer's request.
  5. You can also write a letter to the lender that issued your Visa card requesting the account be closed. In the letter, include the request to notify credit reporting agencies the account was closed at your request.

After You Close Your Visa Credit Card

Once your account has been closed, review your credit report to make sure it is reflected accurately. If it has not been reported that the account was closed at your request, make sure you dispute the inaccurate information with the credit reporting bureaus. Closing your account can give you greater financial freedom. For more information, contact Visa customer support here.

How Do I Close My Visa Credit Card?

Why Did GetHuman Write "How Do I Close My Visa Credit Card?"?

After thousands of Visa customers came to GetHuman in search of an answer to this problem (and many others), we decided it was time to publish instructions. So we put together How Do I Close My Visa Credit Card? to try to help. It takes time to get through these steps according to other users, including time spent working through each step and contacting Visa if necessary. Best of luck and please let us know if you successfully resolve your issue with guidance from this page.

Why does GetHuman Write How-to Guides for Visa Problems?

GetHuman has been working for over 10 years on sourcing information about big organizations like Visa in order to help customers resolve customer service issues faster. We started with contact information and fastest ways to reach a human at big companies. Particularly ones with slow or complicated IVR or phone menu systems. Or companies that have self-serve help forums instead of a customer service department. From there, we realized that consumers still needed more detailed help solving the most common problems, so we expanded to this set of guides, which grows every day. And if you spot any issues with our How Do I Close My Visa Credit Card? guide, please let us know by sending us feedback. We want to be as helpful as possible. If you appreciated this guide, please share it with your favorite people. Our free information and tools is powered by you, the customer. The more people that use it, the better it gets.

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