{"id":182000,"date":"2023-09-15T10:10:32","date_gmt":"2023-09-15T10:10:32","guid":{"rendered":"https:\/\/milestoneapplycard.com\/?p=182000"},"modified":"2023-09-15T10:10:40","modified_gmt":"2023-09-15T10:10:40","slug":"cancel-milestone-credit-card","status":"publish","type":"post","link":"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/","title":{"rendered":"How To Cancel Milestone Credit Card"},"content":{"rendered":"\n<p><strong>How To Cancel Milestone Credit Card<\/strong>: If you own a Milestone Credit Card and are thinking of cancelling it for any reason, understanding the correct procedure is essential. This article will guide you step-by-step on how to cancel your Milestone Credit Card without incurring additional fees or negatively impacting your credit score.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"809\" height=\"420\" src=\"https:\/\/milestoneapplycard.com\/wp-content\/uploads\/2023\/08\/How-To-Cancel-Milestone-Credit-Card.jpg\" alt=\"How To Cancel Milestone Credit Card\" class=\"wp-image-182001\" srcset=\"https:\/\/milestoneapplycard.com\/wp-content\/uploads\/2023\/08\/How-To-Cancel-Milestone-Credit-Card.jpg 809w, https:\/\/milestoneapplycard.com\/wp-content\/uploads\/2023\/08\/How-To-Cancel-Milestone-Credit-Card-768x399.jpg 768w\" sizes=\"(max-width: 809px) 100vw, 809px\" \/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#How_To_Cancel_Milestone_Credit_Card\" title=\"How To Cancel Milestone Credit Card\">How To Cancel Milestone Credit Card<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#Reasons_for_Cancellation_Milestone_Credit_Card\" title=\"Reasons for Cancellation Milestone Credit Card\">Reasons for Cancellation Milestone Credit Card<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#Steps_to_Cancel_Milestone_Credit_Card\" title=\"Steps to Cancel Milestone Credit Card\">Steps to Cancel Milestone Credit Card<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#FAQs_About_Cancel_Milestone_Credit_Card\" title=\"FAQs About Cancel Milestone Credit Card\">FAQs About Cancel Milestone Credit Card<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#Will_cancelling_my_Milestone_Credit_Card_hurt_my_credit_score\" title=\"Will cancelling my Milestone Credit Card hurt my credit score? \">Will cancelling my Milestone Credit Card hurt my credit score? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#Are_there_fees_associated_with_cancelling_my_Milestone_Credit_Card\" title=\"Are there fees associated with cancelling my Milestone Credit Card? \">Are there fees associated with cancelling my Milestone Credit Card? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#How_long_does_the_cancellation_process_usually_take\" title=\" How long does the cancellation process usually take? \"> How long does the cancellation process usually take? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#Can_I_reopen_my_Milestone_Credit_Card_after_cancelling\" title=\"Can I reopen my Milestone Credit Card after cancelling?\">Can I reopen my Milestone Credit Card after cancelling?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#Final_Words\" title=\"Final Words\">Final Words<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_To_Cancel_Milestone_Credit_Card\"><\/span><strong>How To Cancel Milestone Credit Card<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are many reasons someone might want to cancel a credit card. Whether it&#8217;s due to high annual fees, better credit card offers elsewhere, or simply a desire to decrease the number of open credit accounts, it&#8217;s essential to do it right.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Aspect<\/strong><\/th><th><strong>Details<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Credit Score Impact<\/strong><\/td><td>Cancelling might impact your credit utilization ratio, potentially affecting score.<\/td><\/tr><tr><td><strong>Pending Balance<\/strong><\/td><td>Always clear any remaining balance before cancellation.<\/td><\/tr><tr><td><strong>Associated Fees<\/strong><\/td><td>Ensure you&#8217;re aware of any fees for early cancellation, if any.<\/td><\/tr><tr><td><strong>Replacement Cards<\/strong><\/td><td>Consider having a backup credit card for emergency use.<\/td><\/tr><tr><td><strong>Account Closure<\/strong><\/td><td>Make sure the account is officially closed and not just inactive.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Read Also: <strong><a href=\"https:\/\/milestoneapplycard.com\/milestone-credit-card-with-a-700-limit\/\">The Milestone Credit Card with a $700 Limit<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_for_Cancellation_Milestone_Credit_Card\"><\/span><strong>Reasons for Cancellation<\/strong> <strong>Milestone Credit Card<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before diving into the cancellation process, it\u2019s vital to clearly understand your reasons. This not only helps in making a confident decision but also prepares you for any discussions with the card provider, which can be useful especially if they try to retain you as a customer.<\/p>\n\n\n\n<ol>\n<li><strong>High Interest Rates<\/strong>: Perhaps the card no longer offers competitive rates.<\/li>\n\n\n\n<li><strong>Better Offers<\/strong>: You might have come across another credit card offering better rewards.<\/li>\n\n\n\n<li><strong>Infrequent Usage<\/strong>: If you aren\u2019t using the card often, it might not make sense to keep it.<\/li>\n\n\n\n<li><strong>Consolidating Debt<\/strong>: Combining multiple cards or debts into one can simplify your finances.<\/li>\n\n\n\n<li><strong>Annual Fees<\/strong>: Some people cancel cards due to high yearly charges.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Cancel_Milestone_Credit_Card\"><\/span><strong>Steps to Cancel Milestone Credit Card<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>1. Pay Off the Balance<\/strong><\/p>\n\n\n\n<p>Before you even think of cancelling your card, make sure to pay off any outstanding balance. If you fail to do this, you might incur additional interest or late fees.<\/p>\n\n\n\n<p><strong>2. Redeem Any Remaining Rewards<\/strong><\/p>\n\n\n\n<p>If you&#8217;ve accumulated rewards points on your Milestone Credit Card, ensure you redeem them. Once the card is cancelled, you might lose access to those benefits.<\/p>\n\n\n\n<p><strong>3. Call Milestone Credit Card Customer Service<\/strong><\/p>\n\n\n\n<p>The best way to cancel your card is by speaking directly with a representative. When you call:<\/p>\n\n\n\n<ul>\n<li>Clearly state your intention to cancel.<\/li>\n\n\n\n<li>Ask about any associated fees or penalties.<\/li>\n\n\n\n<li>Request a confirmation email or letter for your records.<\/li>\n<\/ul>\n\n\n\n<p><strong>4. Follow Up with a Written Letter<\/strong><\/p>\n\n\n\n<p>Although not always necessary, it&#8217;s a good idea to send a cancellation request in writing. Include your name, card number, and the date of the cancellation request over the phone. This serves as an additional record of your intention to cancel.<\/p>\n\n\n\n<p><strong>5. Monitor Your Credit Report<\/strong><\/p>\n\n\n\n<p>After cancellation, monitor your credit report to ensure the account is marked as &#8220;closed by consumer.&#8221; This distinction is vital as it shows future creditors that you took the initiative to close the account.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Milestone Credit Card Review 2023 - Bad Credit Unsecured Mastercard\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/ynRd8p-zRwU?start=1&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_About_Cancel_Milestone_Credit_Card\"><\/span><strong>FAQs<\/strong> About Cancel Milestone Credit Card<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1692697869874\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Will_cancelling_my_Milestone_Credit_Card_hurt_my_credit_score\"><\/span><strong>Will cancelling my Milestone Credit Card hurt my credit score?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, it might. Cancelling a credit card affects your credit utilization ratio, which is the percentage of credit you&#8217;re using compared to your credit limit. If this ratio goes up after cancellation, it might lower your score. It&#8217;s essential to consider this factor before making a decision.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692697874372\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Are_there_fees_associated_with_cancelling_my_Milestone_Credit_Card\"><\/span><strong>Are there fees associated with cancelling my Milestone Credit Card?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>While Milestone doesn\u2019t typically charge a fee for card cancellation, you should always check with customer service to be sure.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692697882468\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_long_does_the_cancellation_process_usually_take\"><\/span><strong> How long does the cancellation process usually take?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>While the actual cancellation might be instantaneous over the phone, it can take a few weeks for the change to reflect on your credit report.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1692697895011\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Can_I_reopen_my_Milestone_Credit_Card_after_cancelling\"><\/span><strong>Can I reopen my Milestone Credit Card after cancelling?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>In most cases, once a card is closed, you&#8217;d need to reapply if you want to open an account again. However, this could vary based on the issuer&#8217;s policies.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Words\"><\/span><strong>Final Words<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cancelling a credit card, including the <a href=\"https:\/\/www.milestonegoldcard.com\/home\" target=\"_blank\" rel=\"noreferrer noopener\">Milestone Credit Card<\/a>, is a decision that should be made with due diligence. While it might seem straightforward, there are implications \u2013 both positive and negative. Always weigh the pros and cons, and take the steps mentioned above to ensure the process is seamless and without unnecessary repercussions. And remember, always keep an eye on your credit health by regularly monitoring your credit report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How To Cancel Milestone Credit Card: If you own a Milestone Credit Card and are thinking of cancelling it for &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How To Cancel Milestone Credit Card\" class=\"read-more button\" href=\"https:\/\/milestoneapplycard.com\/cancel-milestone-credit-card\/#more-182000\" aria-label=\"More on How To Cancel Milestone Credit Card\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":182001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[34],"_links":{"self":[{"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/posts\/182000"}],"collection":[{"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/comments?post=182000"}],"version-history":[{"count":5,"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/posts\/182000\/revisions"}],"predecessor-version":[{"id":182009,"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/posts\/182000\/revisions\/182009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/media\/182001"}],"wp:attachment":[{"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/media?parent=182000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/categories?post=182000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milestoneapplycard.com\/wp-json\/wp\/v2\/tags?post=182000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}