Money help: What is the procedure to cancel Bank of America Visa Credit Card? - Help.com

ring the Bank they tell you what and how to do it.Each bank has a different procedure .Just ring your Bank its a free call….

Call the bank. You can probably close the account without paying now, but not 100% on that. The best advice I can give you, is to call them, and then say, no, no, no, to their never ending list of reasons you should keep it, or new offers, blah blah.

There should be a toll free customer service number on the back of the card or on the cc statement. You can close it so that you can’t use it. But you will still be charged interest until the balance is paid.

Very important: after you pay the balance and close the account, don’t assume that it’s closed. Get a written statement from the cc company that your account is closed and that there is no outstanding balance. Years ago when I went to buy a home, I discovered that a very old credit card, which I had closed, still had a very small balance (under $20). It was a small amount, but was still a bad mark on my credit.

sansceriph wrote:
Very important: after you pay the balance and close the account, don’t assume that it’s closed. Get a written statement from the cc company that your account is closed and that there is no outstanding balance. Years ago when I went to buy a home, I discovered that a very old credit card, which I had closed, still had a very small balance (under $20). It was a small amount, but was still a bad mark on my credit.

this is very good advice because there usually is a leftover amt because of the interest accumulated between the time that you received the balance and they received your payment.

should not have gotten that in the first place!

Actually, you might consider just paying off the balance and then destroying the card b>and leaving the credit line open. /b> Your credit score is based, in part, on the amount of available credit that you have used…if you have this account open with no balance, b>your credit score is going to go up. /b> Kind of backwards, I know!

I forgot to mention, that if you call BOA and fuss, they are likely to waive the annual fee.

gimli wrote:
I forgot to mention, that if you call BOA and fuss, they are likely to waive the annual fee.

yea, i was going to say no sense in paying to keep an account open that you don’t use but, yes, it is better to have unused/ available credit. if they don’t wave the fee get a different account with no annual fee after you pay off this one and you may even get a higher limit. but DON’T USE IT!!! good luck!