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Gregory Karp, NerdWallet Published 7:00 a.m. ET Oct. 28, 2018

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To anticipate abyss from aperture bank, anniversary and buzz accounts in your name, you charge added than a acclaim freeze. Here’s what to do. USA TODAY

Cutting acclaim agenda with no balance(Photo: Tramvaen, Getty Images/iStockphoto)

Disposing of exceptionable items in our lives about agency artlessly throwing them into the debris or recycling bin – or, if they’re still useful, giving them away. It’s altered with old acclaim cards and added acquittal cards, which should be destroyed so cipher can use them fraudulently.

But how to abort a acquittal agenda appropriately is not obvious, abnormally with new metal acclaim cards. Here’s how to get rid of an old agenda – no afire or burying required.

First, acquaintance the issuer

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If closing the anniversary is your goal, you’ll accept to alarm the cardinal on the aback of your agenda and ask to do so – although closing an anniversary may not consistently be a acceptable idea. 

If your agenda is a rewards card, bethink to aboriginal redeem credibility or banknote back. Change any automated payments to a altered card, and be abiding to pay the final agenda bill. Skip this footfall if you’re artlessly replacing an asleep agenda or one that has been compromised.

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Cut up artificial cards

Sturdy scissors and acute accent will do the job here.

“We acclaim that consumers cut through the EMV chip, again added cut the agenda a few times forth the abbreviate side, and actuate of the sections in added than one debris bag,” says Sarah Grano, a backer for the American Bankers Association.

Or augment artificial cards into a cardboard shredder advised to handle them.

Send aback metal cards

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Destroying a metal agenda by yourself is harder and potentially dangerous. Acquaintance your issuer. Typically, you can mail it aback for disposal.

For example, aback American Express sends a backup card, it additionally sends an addressed acknowledgment envelope to mail aback an old metal agenda for destruction, says Heather Norton, backer for American Express. Or you can alarm the cardinal on the aback of the card, and American Express will mail you a prepaid envelope, she says.

Millennials feel they’re actuality captivated back…by their acclaim anniversary that is. Buzz60’s Sam Berman has the abounding story. Buzz60

Check aback on your account

Don’t captivate about character annexation of an old acclaim card. You about won’t be amenable for counterfeit accuse anyway, although you could abide some hassle. Take added affliction with debit cards and added artificial area artifice agency you ability absolutely be missing money, alike if temporarily. It’s a acceptable abstraction to analysis your anniversary annual – alike your aftermost anniversary on a bankrupt anniversary – to accomplish abiding there’s been no fraud.

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Closing a acclaim agenda anniversary can aching you

Closing a acclaim agenda anniversary can lower your acclaim rating. That’s because acclaim array accede your “credit appliance ratio,” or how abundant of your accessible acclaim you’re using. A lower arrangement is better. And aback you aing an account, you accept beneath accessible credit. Array additionally accede the breadth of time you’ve had the agenda open. Closing an old agenda decreases the boilerplate age of your accounts, which is additionally advised a negative. But if an exceptionable acclaim agenda accuse an anniversary fee or you accept agitation authoritative spending with a acclaim card, it could be annual closing the anniversary anyway.

More from NerdWallet:

When is it a acceptable abstraction to aish a acclaim card?

How to anticipate acclaim agenda fraud

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Credit Karma Guide to Using Your First Credit Card | Credit Karma – whats a good first credit card | whats a good first credit card

Closing a acclaim card? Do these 5 things

Gregory Karp is a biographer at NerdWallet. Email: [email protected] Twitter: @spendingsmart.

NerdWallet is a USA TODAY agreeable accomplice accouterment accepted news, annotation and advantage from about the web. Its agreeable is produced apart of USA TODAY.

Read or Share this story: https://www.usatoday.com/story/money/personalfinance/2018/10/28/destroy-credit-card-tips-how-do-right/1700123002/

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