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Has your credit card been declined when you tried to pay something? Then you know how embarrassing it can be. You’ll probably assume that it was declined because of insufficient funds. But what if your credit card issuer completely shut down your account and you don’t have that credit limit?
Sure, this doesn’t really happen that often. But it’s still important to be prepared. Don’t worry—we’re here to help. While there’s not a ton you can do if your credit card company closed your account, there are a few things you can do after. And there are some steps you can take to make sure it doesn’t happen again.
Before we go over what to do when your credit company closes your account, here are some reasons why it might have been closed:
Don’t be discouraged by your account closure. Sure, it’s inconvenient. But there are a few things you can do that might help:
We get it—having a credit account closed isn’t great. Whether it hasn’t happened yet or you’re worried it’ll happen again, there are a few things you can do to prevent it:
Getting a credit card account closed doesn’t happen very often. But still, better safe than sorry. Make sure to use your credit card every once in a while—and always pay your bills on time. And if you’re ready for a new credit card, check out our credit card marketplace. Try finding a card that actually fits your lifestyle and financial needs, so you’ll use it often and responsibly.
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