A credit card, unlike a debit card, allows you to use funds that its user does not currently have. The money is taken on credit, they have to be returned to the bank with interest. Quite often, a credit card holder, having paid off a loan, thinks about how to refuse it.
Instructions
Step 1
The conditions for using a loan depend on the bank that issued the card, sometimes they turn out to be very unprofitable. Even without using the card, its owner can sometimes be in debts to the bank - for example, funds may be debited from the card for its service. That is why it is better to return the card that you are not using to the bank.
Step 2
There are several ways to get rid of the card. The most reliable one is to personally visit the office of the bank that issued the card and write an application for its closure. Please note that the card must be cut in your presence. Do not just let the card be taken away, in this case you run the risk of facing the fact of fraud. To be guaranteed to avoid trouble, ask for a document confirming the fact that the card has been closed and that you have no debt to the bank.
Step 3
Less reliable is the way to close the card by making a phone call to the bank that issued it. Most likely, everything will go well and the card account will be closed, but in this case you will have to take the word of the bank's employees. There are cases when people who closed or blocked a credit card later found themselves in debtors before the bank, while bank employees refused to confirm the very fact of closing the card.
Step 4
Do not forget that a credit card is a convenient but rather risky financial instrument. Spending the bank's money and not returning it on time, you will face penalties, your debt will begin to increase quickly enough. The interest on the loan reaches 20 percent or more, so you will have to return much more than what was spent.
Step 5
If a bank card attracts you solely by the convenience of withdrawing money and paying for services, use a debit card. In this case, you are guaranteed to avoid the danger of being in debtors with the bank, since you will be able to use only those funds that will be on your card.
