How Do I Cancel My First Progress Credit Card?
First Progress Credit Card is a popular choice among individuals looking to build or rebuild their credit history. However, there may come a time when you no longer need the card or wish to cancel it for various reasons. If you find yourself in such a situation, this article will guide you through the process of cancelling your First Progress Credit Card. Additionally, we will address some frequently asked questions to provide you with a comprehensive understanding of the cancellation procedure.
Steps to Cancel First Progress Credit Card:
1. Contact Customer Service: The first step to cancel your First Progress Credit Card is to get in touch with their customer service department. You can find the customer service number on the back of your card or on the First Progress website. Once you reach a representative, inform them about your intention to cancel the card.
2. Verify Your Identity: To proceed with the cancellation request, you may be required to provide certain identifying information such as your full name, address, and social security number. This is done to ensure the security of your account and prevent unauthorized cancellations.
3. Settle Outstanding Balances: Before cancelling your First Progress Credit Card, it is crucial to clear any outstanding balances you may have on the card. This ensures that you don’t leave any debts unresolved. The representative will guide you through the payment process if you have any pending dues.
4. Request Cancellation Confirmation: Once you have settled any outstanding balances, request a confirmation of your cancellation. This will serve as proof that your card has been successfully cancelled and can be useful for future reference.
5. Destroy the Card: After obtaining cancellation confirmation, it is important to destroy your First Progress Credit Card. Cut it into small pieces or shred it to prevent any potential misuse.
Frequently Asked Questions (FAQs):
Q1. Will cancelling my First Progress Credit Card negatively affect my credit score?
A1. Cancelling a credit card may impact your credit score, especially if it is one of your oldest cards or if you have a high credit utilization ratio. However, if you have other credit cards and maintain a good payment history, the impact should be minimal.
Q2. Can I cancel my First Progress Credit Card online?
A2. Unfortunately, First Progress does not provide an online cancellation option. You must contact their customer service via phone to initiate the cancellation process.
Q3. Are there any cancellation fees?
A3. First Progress does not charge any cancellation fees. However, it is advisable to review your cardholder agreement or contact customer service to confirm if any fees or penalties apply in your specific case.
Q4. Can I reopen my account after cancellation?
A4. Once you cancel your First Progress Credit Card, it cannot be reopened. If you need a credit card in the future, you would need to apply for a new one.
Q5. How long does it take to receive the cancellation confirmation?
A5. The timeframe for receiving cancellation confirmation may vary. It is best to inquire with the customer service representative about the expected time for receiving the confirmation.
Q6. Will my rewards or cashback be affected by cancelling the card?
A6. If your First Progress Credit Card offers rewards or cashback, it is important to redeem them before cancelling the card. Once the card is cancelled, you may lose any accumulated rewards or cashback.
Cancelling a First Progress Credit Card is a relatively straightforward process. By following the steps outlined above and contacting their customer service department, you can successfully cancel your card. Remember to settle any outstanding balances and request a confirmation of your cancellation. If you have any further questions or concerns, it is always best to reach out to First Progress directly for assistance.