Chase how do i close my account

Checking Accounts. Savings Accounts. Home Equity. Invest with a J. Morgan Advisor. Online Investing with J. Chase for Business. Commercial Banking. See all. About Chase J. Credit Card Marketplace. Closing your credit card account: Pros, cons, how to, and when?

The pros of keeping your credit card account open 1. Could help maintain your credit utilization ratio: Keeping your credit card account may prevent any negative effects to your credit utilization ratio - which is a portion of your credit score that accounts for all the accounts you have open against the amount of debt you currently have accumulated. Improves the average age of your credit: Keeping your zero balance credit card open could increase the average age of your credit card accounts, which is influential when calculating your VantageScore credit score.

Preserve low-interest rates and perks: Do you have a low interest rate and perks on the card you're considering closing? The pros of closing your credit card account 1. No more temptation to go into debt: Only you can know: will you be tempted to use that zero balance card again if you don't close the account?

It may not affect your credit score: Closing a credit card with a short history may be less impactful to your credit score than closing a credit card you've had for many years. You want to keep track of fewer cards: If you are currently juggling several credit cards, you may want to consider closing the card that affects your credit score the least, such as one with a small credit limit or one you've had for the least amount of time. Is it better to cancel unused credit cards or keep them open?

The best move is to pay off your balance in full, if possible. If you have more than one Chase card, another option to consider when closing your account is transferring your line of credit to another Chase card. There are three primary ways to go about closing an account with Chase:. You can close your Chase account online through its secure messaging system.

To do this, simply log into your Chase online account and go to the management page. From there you should be contacted by Chase confirming that your account has been closed, or requesting additional information if necessary. You can close your account over the phone by calling Chase customer service. You can find the best number to contact on the back of your credit card. Once you reach a customer service representative you can explain that you want to close your account and they will walk you through the process.

You can also close your account by mail, though this will be the slowest of the three options available. To close your account by mail, send a letter to Chase with your personal information such as name, address, account number and a message explaining that you want to close your account immediately. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars.

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