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 ...

Whether you’ve canceled the card by phone or by mail, it’s best to follow up with a certified letter announcing that you have ...

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.

Unfortunately, you can’t cancel it if your application is approved, so your only options are to keep the card or cancel it and close the account. What Happens if You Cancel a New Credit Card?

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 ...

You may not use your oldest credit card anymore, but before you close a credit card it's important to understand whether closing your oldest card, or any card at all, is a good idea.

How to cancel a credit card application. No matter what the reason, it’s best to make sure that you cancel as soon as possible. Canceling a credit card application is possible, but you’ll need ...