Chip Lupo, Credit Card Writer
@CLoop
To cancel a VentureOne for Good Credit, call customer service at the number listed on their website or log in to the Capital One website or mobile app and click on "I want to...". Cardholders can also cancel an account in person at a Capital One branch.
Be aware that if there’s a balance remaining on the canceled account, you are still required to make at least the minimum payment every month until the balance is paid in full. In addition, if you cancel your credit card, you will forfeit any unused miles, so be sure to redeem them before you close the account. You will also need to update the payment method for any recurring charges linked to your VentureOne for Good Credit.
How to Cancel a VentureOne for Good Credit
By phone
Call customer service at the number listed on their website 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 mobile app. You can initiate a live chat with a customer service representative 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 note that when you cancel a VentureOne for Good Credit, you may see a decrease in your credit score, depending on the card’s credit limit and how long you’ve had the card. Using WalletHub’s free credit score simulator can help you get an idea of how much a canceled credit card will affect your credit score.
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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.
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To cancel a Capital One credit card, call customer service at the number listed on their website or log in to the Capital One website or mobile app and click on "I want to...". Cardholders can also cancel an account in person at a Capital One branch.
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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...
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