Chip Lupo, Credit Card Writer
@CLoop
To cancel a Capital One Quicksilver Student Card, call customer service at the number on the back of your card or log in to the Capital One website or mobile app and click on “I want to...” to view your options. Capital One does not allow you to cancel an account in person.
Be aware that if there’s a balance remaining on the canceled account, you will still need to make at least the minimum payment every month until the balance is paid in full. In addition, you will forfeit any unused cash back rewards, so be sure to redeem them before you cancel the card. You will also need to update the payment method for any recurring charges linked to your Capital One Quicksilver Student Card.
How to Cancel a Capital One Quicksilver Student Card
By phone
Call customer service at the number on the back of your card and enter your account number and Social Security number to verify your identity.
Then, follow the prompts to speak to a customer service representative, and let them know you want to cancel. The representative may offer you a retention bonus to keep you on as a customer, but you can simply decline the offer and proceed with canceling the account.
Online
Log in to the Capital One website or the mobile app. You can submit a secure message and request that your card be canceled.
In person
Click the branch locator tool link on the Capital One website or mobile app for a list of Capital One branch locations. Enter an address or ZIP code to find a branch in your area.
It’s important to know that when you cancel a Capital One Quicksilver Student Card, you may see a decrease in your credit score, depending on the card’s credit limit and how long you’ve had the card. You can get an idea of how much a canceled credit card will affect your credit score by using WalletHub’s free credit score simulator.
People also ask
Is it better to cancel unused credit cards or keep them?
It is better to keep unused credit cards open than to cancel them because even unused credit cards with a $0 balance will still report positive information to the credit bureaus each month. It is especially worthwhile to keep an unused credit card open when the account does not have an annual fee.
Still, there are times when it may be beneficial to close your credit cards, such as to avoid expensive annual fees. And...
read full answerIs closing a credit card with zero balance a good idea?
Closing a credit card with zero balance is not a good idea if that card has no annual fee. Any credit card you manage responsibly, even an unused one, reflects positively on your credit history. So closing such a card will have a negative impact on your credit standing. But it can be worth it if your card is costly or if you’re worried about falling victim to fraud while you’re not keeping a close eye on it.
... read full answerWhat happens if you cancel a credit card with a balance?
Closing a credit card with a balance is possible, and it can be beneficial when a credit card company changes your account’s terms for the worse, such as raising the annual fee or APR. It can also be a good idea to remove the credit card itself from the situation if you want to pay off the existing balance without the temptation to spend more. Closing a credit card doesn’t cancel the balance owed, nor...
read full answerDid we answer your question?