Maria Adams, Credit Cards Moderator
@m_adams
To cancel Macy's Credit Card, call customer service at 1 (888) 257-6757 and ask a customer service rep to cancel your card account. At the moment, there is no way to cancel your Macy's Credit Card online.
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 points, 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 Macy's Credit Card.
It’s important to note that when you cancel Macy's Credit 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. 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.
Popular Credit Cards from Our Partners
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 answer by Milvionne Chery Copeland, WriterDoes closing a credit card hurt your credit?
Yes, closing a credit card does hurt your credit score in the short term, depending on how old the accounts are and how much other credit you have. But canceling a credit card account might also benefit your credit score in the long run if you manage the rest of your finances better as a result of having one fewer account to worry about.
You can estimate the effect of canceling a credit card...
read full answer by Mary Grace McCormick, Credit WriterIs 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. However, 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 answer by WalletHub, Financial CompanyDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.