How to cancel Venmo credit cards
You may be considering cancelling your Venmo credit card because you no longer use your Venmo credit card. Or maybe you just want to close your Venmo account for personal reasons such as the fact that you may have too many credit cards and want to focus on paying down debt. Maybe you’re also concerned about the security of your informations and want to avoid having too many accounts opened here and there. If any of these reasons resonate with you, then cancelling your Venmo credit card may be the best decision for you. Here are a few steps on how to cancel your Venmo card.
How to cancel you credit card with Venmo
Estimate Cost : 0 USD
Time Needed : 30 minutes
It's easy to cancel a credit card, but there are a few things you should do first.
Call the credit card company and ask to cancel the card
Be sure to have your account number and personal information handy. You can call Venmo customer’s service at 855-204-4090.
Cut up the credit card and throw it away.
You may want to check this post about how to dispose of a credit card safely.
Pay your balance
If you have a balance on the credit card, you will need to pay it off before the card is cancelled. You can do this by making a payment online or by mailing a check.
The card is now useless
Once the card is cancelled, you will no longer be able to use it for purchases. Any recurring charges on the card will also be stopped.
Check your credit score
You may see a decrease in your credit score after cancelling a credit card. This is because you will have one less line of credit. However, your score will rebound over time as you continue to use credit responsibly.
Tools
- A phone
- Scissors
FAQ
What is Venmo?
Venmo is a peer-to-peer payment app that allows users to send and receive money with friends and family. Venmo is part of the Paypal family.
Why you can't just throw your credit card in the trash to get rid of it?
There are a few reasons why you can’t just throw your credit card in the trash to get rid of it. First, if you have a balance on your credit card, you are still responsible for that debt. Second, your credit card number is sensitive information that could be used by someone else if it falls into the wrong hands. Finally, even if you throw your credit card, it won’t be cancelled and you will be responsible for anything that may happen with this account.
