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Closing Credit Card Account.

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  • 08-03-2012 3:18pm
    #1
    orchidsrpretty
    Registered Users Posts: 2,138 ✭✭✭


    Was just wondering before I ring the bank, is it possible to close my Credit card account(which I owe money on) and continue to pay off money each money.

    If I did this would I be able to save the goverment levy of 30€. I don't use the card anymore.
    Thanks.


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    #2
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    i asked about doing this before (mbna) and was told to just cut up the card and keep paying and that i would be hit for stamp duty etc. they said they could not do anything else for me.

    if its with your bank maybe they could give you a personal loan to clear it?


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    #3
    Sidetracker
    Closed Accounts Posts: 99 ✭✭Sidetracker


    You should be very careful how you do it. Credit card Company might put you on a defaulters list. Discuss it with card company beforehand and be clear with them that you do NOT go on any debtors list.


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    #4
    chris85
    Registered Users Posts: 4,502 ✭✭✭chris85


    Dont think this can be done. If you dont want the credit card anymore have you considered trying to get a loan elsewhere to clear the credit card and then repay the loan. This way lower interest rate and no stamp duty.


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    #5
    Savker
    Registered Users Posts: 33 ✭Savker


    I got MBNA to freeze my card, I can only make repayments now and no more fear of the card being skimmed. Once I have the balance paid off the account will be closed (by August going well)


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