Closing a credit card isn't as simple as cutting it in half. CNBC Select advises on how to cancel a credit card in six steps, so you ensure your account is closed properly.

Mail a letter to Chase. If you prefer to write a letter and send it via postal mail, ... Depending on how long you’ve had the Chase credit card account open, closing the card could hurt your score.

Your credit mix takes into account the various types of accounts you have such as credit cards, mortgages, car loans, or student loans. Closing a credit card could mean you have a less diverse ...

Closing a credit card account can have a negative impact on your credit for several reasons: It lowers your total credit limit. NerdWallet recommends spending no more than 30% of your total credit ...

If you close a credit card but have balances on other cards, you're likely to see your score dip by as much as 50 points. A high credit limit isn't a reason not to close your card, but you need to ...

Key takeaways. You can cancel a credit card application by calling or emailing the credit card company's customer service department — but you've limited time to act.

For example, if you get a $15 Uber credit each month, make sure you've redeemed your statement credit before closing your account. Not sure you want to close your card? You could always check for ...

Let’s say you have a credit card balance of $5,000 and a total credit limit of $10,000. If you cancel a card with a $3,000 limit, now you’re using $5,000 out of $7,000 (71%), up from 50% ...

Closing one of your cards reduces your overall credit to $10,000, and now your credit utilization rises to 30%. A higher credit utilization will lower your credit score (as they say, less is more ...

Call the number on the back of your card and speak with a representative to request to close the account. Request a certified letter ... What can I do if I don’t want to cancel a new credit card?