When you close a Walmart credit card it means you are closing your credit card account as well. Closing a credit card may not have so many pros but it can somehow damage your scores but who cares you are a fighter and you love to play with fire right? You will overcome this little loss.
Reasons and Affects of Closing Walmart Credit Card
If you ask me I will suggest you not to close your card if only you can put a halt to your excessive money spending. It is possible that this habit of yours has compelled you to cancel your card. But when you close a credit card, you are closing an entire line of credit, which could make your utilization ratio worse because you’re decreasing the available credit limit you have.
Unless you decrease your spending after you close a card, or open a new card, you are likely going to negatively affect your utilization ratio.
Credit scores weigh everything in a person’s credit history in relation to each other. For a person, closing an older account can depict a higher rate of risk than it does for another person solely because of their credit histories. If you are young and have a short credit history, closing the account could hurt your overall credit score more than if you were someone in their 50s whose history is much older than yours.
So you think adding another credit history to over your old credit history will improve your score by closing an old credit line? Well! It is said that a longer positive history is beneficial to credit scores. So if you mix old and new credits, your score will only go low even lower than before.
How to Close a Walmart Credit Card
If you have really made up your mind that you will not miss your Walmart credit card that has been there for you in the bad times and you won’t regret breaking its heart, you can use these following mediums to close your credit card. Make sure you are not in debt and have paid full charges and dues before closing
You just have to know the toll free customer helpline number of Walmart customer services to call there and close your Walmart credit card. Just dial 1 (877) 294-7880 and give them a valid reason to close your credit card. They will ask for your basic information and close your account.
If you want to use your Walmart credit card login for the last time, you can close your credit card by signing in to your account and request your credit card to be closed. You will know that your credit card has been closed when you will no longer be able to access your account.
By sending mail:
Send a letter to Walmart for the request to close your Walmart credit card. they will respond you with some questions relating to the reason of closure and basic information to verify with the previous detail. After that your credit card will be closed.
By visiting customer service:
Although I consider it a ruthless way to just go in there and hand over the credit card to the customer service office, if you think you are heartless enough to do it just visit the customer service headquarters. Give them all the information on the closure application and close your Walmart credit card. Say Goodbye to the dear fellow!