If you want to cancel your credit card, it’s important that you do it correctly to ensure you aren’t stung with interest payments or fees in future. Credit card providers will generally require that you call them if you wish to cancel your card, and may try to convince you to stay by offering you a better rate or bonus features.
What to do before you cancel your Barclaycard credit card
Before you cancel your credit card, there are a couple of things you should do:
Pay off your balance. It’s important you have a zero outstanding balance before cancelling your card. If you’re unable to pay it off, consider making a balance transfer to another card with a lower APR to save money on interest. This will also give you more time to pay your debt.
Redeem rewards. Closing your account before you redeem or transfer your points isn’t recommended as you’ll likely lose your points.
How to cancel your Barclaycard credit card
Once you’re ready to cancel, you’ll need to call Barclaycard on 0333 200 9090in order to close your account. A representative may try to talk you into keeping your account open, and this can be a good bargaining tactic to potentially get a lower APR or other perks and bonuses. If you find the offer appealing, you can always consider keeping the card, but if you still want to close your account you can decline the offer.
Make sure you have the following items nearby when cancelling your card:
Your credit card and account information.
A reason why you want to cancel the card.
Pen and paper to write down the representative’s ID and name should you need it later on.
You can also send a message to the chat function in the Barclaycard app, found under the ‘Help’ section.
Will cancelling my Barclaycard credit card affect my credit score?
Not necessarily, although different lenders have their own criteria when it comes to determining your credit rating. Provided you pay off your card in full before cancelling, you may actually improve your credit score by reducing the number of accounts you have or by closing unused accounts.
By paying off and closing unwanted accounts, you’re showing future lenders or credit providers that you are capable of spending responsibly and meeting your credit commitments.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio
Barclaycard’s 0% interest deal for purchases and balance transfers compared against competing cards.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
