How to Cancel a Maurices Credit Card: A Comprehensive Guide

So, you’ve decided to part ways with your Maurices credit card. Perhaps you’ve found a better rewards program, simplified your finances, or simply no longer need it. Whatever your reason, cancelling a credit card can sometimes feel like navigating a bureaucratic maze. Fear not! This guide will walk you through the process step-by-step, ensuring a smooth and hassle-free cancellation.

The most straightforward way to cancel your Maurices credit card is by contacting Comenity Capital Bank, the issuer of the card. You can reach them by calling 1-866-907-5141. Be prepared to provide your account information and clearly state your intention to cancel the card. It’s always a good idea to confirm the cancellation in writing afterward.

Understanding the Cancellation Process

Cancelling a credit card isn’t as simple as just cutting it up. Here’s a closer look at what the process entails and what you need to keep in mind:

Clearing Your Balance

Before you call to cancel, ensure you’ve paid off your outstanding balance in full. Leaving a balance on a cancelled card can lead to complications with your credit report. Aim to pay it off completely a few days before you plan to call, allowing time for the payment to process and reflect in your account.

Redeeming Rewards

Don’t forget about any unused rewards or points you’ve accumulated! Many credit card rewards programs forfeit your accumulated benefits upon cancellation. Check your Maurices card’s rewards terms and conditions and redeem your points before initiating the cancellation process.

Contacting Comenity Capital Bank

When you call Comenity Capital Bank, be polite and professional. Clearly state that you want to cancel your Maurices credit card. The representative may try to offer you incentives to keep the card open, such as a lower interest rate or bonus rewards. Politely decline if you’re set on cancelling.

Confirming the Cancellation in Writing

After your phone call, request a written confirmation of the cancellation. This is crucial for your records in case any issues arise later. Typically, the bank will send you a letter or email confirming that your account has been closed. Keep this confirmation in a safe place.

Monitoring Your Credit Report

After the cancellation, monitor your credit report to ensure that the account is accurately reported as closed. This can take a month or two to reflect on your credit report. You can obtain a free copy of your credit report from each of the three major credit bureaus – Equifax, Experian, and TransUnion – annually through AnnualCreditReport.com.

Why Cancel a Maurices Credit Card?

There are many valid reasons to cancel a credit card, including:

• High Interest Rates: If you consistently carry a balance, a lower interest rate card could save you money.
• Unused Benefits: If you don’t utilize the rewards program, the card may not be beneficial.
• Overspending: Closing the account can prevent impulsive spending.
• Debt Management: Consolidating credit lines can simplify debt management.
• Improving Credit Score: Sometimes, reducing your overall available credit can negatively impact your credit utilization ratio (total balance versus total available credit) – so think about the overall picture of your credit profile before taking action.

FAQs: Everything You Need to Know About Cancelling Your Maurices Credit Card

Here are some frequently asked questions to address any remaining concerns you might have:

1. Will cancelling my Maurices credit card hurt my credit score?

It depends. Cancelling a credit card can potentially lower your credit score, especially if it’s one of your oldest accounts or if it lowers your overall available credit, thereby increasing your credit utilization ratio. However, if you manage your other accounts responsibly, the impact should be minimal.

2. What happens to my credit limit when I cancel the card?

When you cancel your Maurices credit card, the available credit associated with that card is removed from your overall available credit.

3. Can I cancel my card if I still have a balance?

Yes, but it’s highly recommended to pay off the balance first. If you cancel with a balance, you’ll still need to make monthly payments until the balance is cleared.

4. How long does it take for the cancellation to take effect?

The cancellation is usually effective immediately upon request, but it may take a month or two to reflect on your credit report.

5. Can I reopen a cancelled Maurices credit card?

Generally, no. Once an account is cancelled, it’s typically closed permanently. You would need to apply for a new card if you wanted to use the card again.

6. What information will I need to provide when cancelling?

You’ll typically need to provide your account number, Social Security number, and potentially other identifying information to verify your identity.

7. Is there a fee to cancel my Maurices credit card?

No, there are typically no fees associated with cancelling a credit card.

8. What if I can’t get through to Comenity Capital Bank by phone?

While calling is the most common method, you may try writing a letter to Comenity Capital Bank, but calling typically provides a more immediate response. Be sure to send it via certified mail for tracking purposes. The address is usually found on your statement or online.

9. How can I avoid the bank trying to persuade me to keep the card?

Be firm and assertive in your decision. Politely decline any offers and reiterate that you want to cancel the card.

10. What if I find unauthorized charges after cancelling my card?

Immediately contact Comenity Capital Bank and report the unauthorized charges. Provide them with the cancellation confirmation for reference.

11. Will cancelling my card affect my relationship with Maurices?

Cancelling the credit card shouldn’t affect your ability to shop at Maurices using other payment methods.

12. What’s the best time to cancel my Maurices card?

There’s no “best” time, but avoid cancelling right before a large purchase or when you need the available credit. Consider cancelling after you’ve redeemed any rewards and paid off the balance.

By following these steps and keeping these FAQs in mind, you can confidently cancel your Maurices credit card and move forward with your financial goals. Remember to always monitor your credit report and keep your financial house in order!