MasterCard is a technology company and payments industry leader. There are more than 25,000 MasterCard, Cirrus and Maestro customers worldwide, serving consumers in more than 200 countries. And, MasterCard processes as many as 32 million authorizations of financial transactions a day… Are you one of these transactions? And do you actually have the money for another credit card?
Today's unpredictable economy has led to many Americans tightening their belts and lowering their monthly bills. Credit cards are being canceled left and right, as we all learn to only purchase what we can afford and resort to credit cards only for emergencies.
What You’ll Need:
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Account information (including security code)
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Personal information
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Reason for canceling
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Access to a phone
How to Cancel:
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Pay off the remaining balance of your credit card. You should always make sure that your balance is $0 before you attempt to cancel a credit card.
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If you need to cancel your MasterCard for any reason, you must call the customer support line at 1-800-MasterCard (U.S.).
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Offer your account number and answers to any security questions. The representative will also request the security code on the back of the card. Possibly you will need to provide your social security number as well as date of birth, name on the card, and billing address.
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Customer service team members have most likely been trained to offer you incentives so you won't cancel your MasterCard. Be direct and firm, and politely explain you wish to cancel your credit card and that is all.
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You should receive mail confirming your cancellation, and it is important to retain this confirmation for your records.
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Make sure to jot down the customer service representative’s name and any confimration codes associated with the communication.
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Cut up your mastercard and throw it away.
If you've had an experience canceling your MasterCard that you'd like to share, feel free to leave it in the comment section below. Better yet - let CancelWizard cancel the card for you!
