If you’ve decided that it’s time to cancel your Milestone credit card, you’re not alone. Whether you’re looking to simplify your finances, avoid annual fees, or switch to a different card, canceling your Milestone credit card can be straightforward if you follow the right steps. Here’s a simple guide to help you through the process.
Step 1: Review Your Account
Before you cancel your Milestone credit card, make sure you review your account thoroughly. Check the following:
- Outstanding Balance: Ensure your balance is paid off. You cannot close the account until the balance is zero.
- Pending Transactions: Wait for all pending transactions to post.
- Rewards and Benefits: Use any accumulated rewards or benefits, as you may lose them once the card is canceled.
Step 2: Contact Customer Service
The easiest way to cancel your Milestone credit card is to contact their customer service. You can reach them by calling the number on the back of your card or through their customer service line at 1-866-453-2636.
When you call, be prepared with:
- Your account number
- Personal identification information for verification
Clearly state that you want to cancel your Milestone credit card. The customer service representative may ask why you’re canceling and might offer incentives to keep the card. If you’re sure about canceling, firmly restate your request.
Step 3: Confirm Cancellation in Writing
After canceling over the phone, it’s a good practice to follow up with a written confirmation. Write a short letter to Milestone customer service, including:
- Your name
- Account number
- The date you called to cancel
- A request for written confirmation of the account closure
Send this letter to the address provided by the customer service representative or to the address on your billing statement.
Step 4: Monitor Your Credit Report
Canceling a credit card can impact your credit score. Keep an eye on your credit report to ensure that the account shows as closed and that there are no errors. You can get a free copy of your credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) once a year at AnnualCreditReport.com.
Step 5: Destroy Your Card
Once your cancellation is confirmed, destroy your Milestone credit card to prevent any unauthorized use. Cut it into several pieces, making sure to cut through the chip and magnetic stripe.
Final Tips
- Consider the Impact on Your Credit Score: Closing a credit card can affect your credit utilization ratio and the length of your credit history. Make sure this is the right move for you.
- Check for Fees: Ensure there are no hidden fees or charges when canceling your card.
- Explore Other Options: If you’re canceling due to high fees or poor customer service, consider switching to another card that better suits your needs.
Canceling your Milestone credit card doesn’t have to be a hassle. By following these steps, you can ensure the process is smooth and stress-free. If you have any questions or concerns, Milestone’s customer service team is there to help.
Feel free to reach out to them at 1-866-453-2636 for any assistance you may need.