While there are many people who are applying left and right to get credit cards, there are those people who want to exercise their rights to cancel credit card. Nevertheless, note that you need to be careful not to make any errors as soon as you opt-out otherwise you risk obtaining greater rates.Naturally, you require to make sure that you are performing what you can to cancel your card the correct way. Below are some of the most common mistakes cardholders must avoid before providing up on their personal cards:1: Do not, below any situations, use the individual credit card you are trying to give up. Doing so will only void your opt-out request and you may be subjected to greater interest price. To avoid any accidental use, it is best to take all cards you want to cancel off your wallet and maintain it someplace else.Two: If you have been using automated payments to spend off your balances on cards that you want cancelled, you must modify your account and switch your billing to other cards prior to you opt out. Failing to do so will outcome in higher fees and interest charges. Additionally, check to see all your billing statements for annual and semi-annual charges to make certain that they are not being billed to the card that you want to close.Three: Check to see if any of the on-line retailers you made purchases with the cards you want closed have stored your credit card details. The reason for this is that once they have your card info stored, they can use the details as a supply of funds if your other card fails to work for some purpose. A easy call to that online store’s consumer service hot line is all you need to fix this issue.4: It is always a fantastic idea to protect your self from identity theft or unauthorized use even if the card in query are bound to be closed. Shred or destroy all the cards you had closed for great measure. On the other hand, if certainly, you have been victimized by fraudulent charges, you can close your account as long as you are able to present proof that the card was used without your authority.Right here is a lot more info on this subject credit card cancel after annual fee