How To Close First Progress Credit Card? Everything You Need To Do

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How To Close First Progress Credit Card? There are many credit companies in the USA giving different kinds of credit cards. The first progress visa credit card is also one of those most attractive ways where you can do your shopping with a small amount and then pay it back totally by paying cards.

fist progress

If you want to know how to close the First Progress Credit Card, this article will answer all your questions about it. It is very useful for anyone who has this kind of card and wants to pay off his or her balance completely before closing the card. Here are the important things you should know before closing your card:

Pay Your Debts:

Before you close a credit card, make sure that you have paid all your debts. You should not leave any debt on your card. This will help to improve your score, and also it does not harm your relationship with the company.

But if any of the bills are still pending, this may cause a problem for you while closing the card. If you do not pay off your card before closing it, you will be charged with late payment fees and other penalty charges.

If you think that it is difficult for you to pay your card off right now, make a deal with the company and try to postpone your deadlines.

How To Close A First Progress Credit Card?

To close the first progress visa credit card (firstprogressvisacard.com), you will need to follow these steps:

  • Call the number of your company and request them to call you back on your registered phone number. Hang up the phone and wait for their call.
  • When you get a call from your credit card company, explain to them that you want to pay off the balance.
  • When you are asked for any other reason, do not give it to them and make sure that they have received your cancellation request. Never threaten them with the closure of the card because even if you close your first progress account, they cannot cancel the card.
  • Give them a chance to pay off your balance and then close it, or else you can go for their deadline. If the company's representative seems that they will not be able to give you time or does not agree at all, go forward with the closure of your card.
  • Ask the company to send you an email confirmation of your cancellation request, which they will do within a few days.
  • When you receive the confirmation email, again call them to ask for a seven-digit number that is used to identify your account closure. Keep this number safe because it proves that you have closed your credit card successfully, and there will not be any activity on it from now.
  • Now, if you have already paid your dues and have received the first progress credit card number, you can go ahead and close it anytime by contacting them, or if you want to make sure that your account is closed completely, you should send a letter through postal service with the seven-digit number of your First progress Credit Card account mentioned on it. This letter is helpful in case the company did not receive your request to close your card.
  • The last step is to shred all types of documents that show the information about this credit card, like monthly bills, statements (if you kept any), debit or ATM cards, and other signed cards that you might have. Do it to avoid any kind of identity theft or document fraud.

What To Do Next?

When your account is closed, the company will send you a letter saying that they have received your request. Make sure that there are no more transactions on your first progress visa card. If there is any, you should receive a letter saying that your account is not closed because of the outstanding balance on it.

How To Close A First Progress Credit Card?

If you have followed the above steps carefully and have informed them about the details of the money paid off, so now you can use this seven-digit number to apply again for another credit card.

To be safe, you can do a google search of your first progress and check the status on it. If there is any activity on it, you should call them immediately and cancel it once again. Now that we know how to close First Progress Credit Card

Things That You Should Keep In Mind When Closing Your Card:

  • Do not threaten the company with the cancellation of your card because they can do it any time on their own. If you are some kind of risk to them, then they will have that right.
  • Never miss or be late in making a payment, or else this first progress visa credit card will come at a risk, and you can be charged with a late fee, which is very high if your account is not closed on time.
  • Do not ask about the exact reason because if you keep on asking, then this might be considered a fraud, and you will not only lose your first progress visa credit card privileges but can also be charged with a penalty fee.
  • Do not do any kind of transaction on First Progress Credit Card after knowing that you are going to cancel it because this might affect your credit score and make your situation more critical.
  • Finally, do not keep any records of this first progress visa credit card or other documents because they can be used against you and can bring penalty fees to your head.

What Might Be The Reasons For Closing Your First Progress Credit Card?

There are many reasons why a person would want to close their First Progress Credit Card. Some of the more common reasons include:

No Longer Required:

If you have fulfilled your purpose for getting a First Progress Credit Card, then closing it would become unnecessary.

High Fees:

If the fees that you are required to pay in order to keep or continue your First Progress Credit Card plan or account have become too high, then you may choose to close this credit card instead of paying these fees.

Inability To Pay:

If you are unable to keep up with the payments and charges associated with your First Progress Credit Card, then it is best that you close this credit card.

What Will Happen If You Close Your First Progress Credit Card?

Once you close your First Progress Credit Card, then all your credit card privileges are revoked. This means that you can no longer use this credit card for any purchases, cash advances, or balance transfers.

Closing a First Progress Credit Card also prevents you from borrowing more money through this credit card. The only time that you can use your First Progress Credit Card again is when you apply for it once more.

fist progress Credit Card

If you close out your First Progress Credit Card, then all the outstanding balance that you have on this credit card will be transferred to another credit card account. This other credit card account will become the new owner of this First Progress Credit Card.

If you have a First Progress Credit Card that you are planning on closing, then it is best that you stop using this credit card for any major expenses because this will greatly affect your credit history when all your charges are transferred to another bank or financial institution.

What Might Happen If You Do Not Close Your First Progress Credit Card?

If you do not close your First Progress Credit Card, then this card will continue to appear on all of your credit reports. This also means that the outstanding balance of your First Progress Credit Card will continue to show up on your monthly credit card statement. This is not favorable because it might give others the impression that you are still using this credit card.

What Are The Reasons To Keep Your First Progress Credit Card?

There are many reasons why you would want to keep your First Progress Credit Card. Some of the more common reasons include:

  • Good credit history - This is because if you have a First Progress Credit Card that has been open for several years, then this will give others the impression that you are a responsible borrower.
  • Low balance - This is because if your balance of outstanding charges on the First Progress Credit Card is very low, then this will give others the impression that you are a creditworthy borrower.

If you do not plan to apply for any new credit cards anytime soon, then keeping your first progress visa preferred credit card would mean that you will not have to reapply every time your credit report needs updating.

If you do plan on getting another First Progress Credit Card, then keeping this one would be advantageous because it means that you already have a good credit history.

If this card is very old, then this will mean that your credit history is going to be older since you would have had your first progress visa preferred for several years.

If you do not plan on closing this First Progress Credit Card, then it is best that you keep track of all the monthly charges associated with this card because if you even miss one payment, then your credit history might be affected. Closing this credit card will mean losing the great credit history that you have been building for several years.

Does Closing Your First Progress Card Affect Your Credit Score?

Yes! Closing your First Progress Credit Card does affect your credit score. This is because it will leave a negative mark on all three major credit bureaus: TransUnion, Equifax, and Experian.

What Should You Do Before Closing Your First Progress Credit Card?

Before closing out your First Progress Credit Card, there are several things that you should do. Some of the more common things that are included in this list are:

Cut Up Your First Progress Credit Card:

Doing this will mean that there is absolutely no way that you can use your First Progress Credit Card anymore because all of its functionalities have been taken away from it.

Ensure That You Stop Using Your Credit Card:

This step is extremely important because it means that you will no longer incur any charges on your First Progress Credit Card.

Pay off All Outstanding Balances Before Closing Out Your Credit Card:

You should pay off all of your outstanding balances because this will greatly affect your FICO score if you do not pay for the outstanding amount.

Ask For A Credit Limit Increase:

A successful request for a credit line increase will instantly boost your FICO score, and this is because it shows that you are more of a responsible borrower.

Do Not Apply For Any Other First Progress Credit Cards Before Closing Out Your Old One:

A sure way to improve your chances of getting approved by the credit issuer is to not apply for any other credit cards before closing out this First Progress Credit Card.

Do Not Close Your Old Credit Card If You Want To Apply For A New One:

This basically means that you should only consider closing out your old credit card after you have acquired the new one. Closing out your old credit card while still in the process of applying for another one is considered to be bad practice.

If you do not feel like you need to use your First Progress Credit Card anymore, then the best thing that you can do is to simply close it out and save yourself from getting in trouble with the credit issuer.

Closing out your First Progress Credit Card will affect your FICO score, and this is because all three credit bureaus: TransUnion, Equifax, and Experian, will be informed of your decision to close out this card.

Having a good FICO score is extremely beneficial because it means that you can qualify for any loan or line of credit at a lower interest rate.

To ensure that you get the best possible First Progress Credit Card available in the market, then the best thing that you can do is to compare different credit card offers by using a First Progress Credit Card comparison tool.

Conclusion

The bottom line is that closing your First Progress Credit Card can potentially affect your FICO score, and this is because it will leave a negative mark on all three major credit bureaus: TransUnion, Equifax, and Experian.

It would be extremely beneficial if you were to read over the terms and conditions of your First Progress Credit Card before closing it out because some customers are known to cancel their First Progress Credit Card services without paying off any of their outstanding balances.

Michael Restiano

I lead product content strategy for SaltMoney. Additionally, I’m helping our broader team of 4 evolve into a mature content strategy practice with the right documentation and processes to deliver quality work. Prior to Instacart, I was a content strategy lead at Uber Eats and Facebook. Before that, I was a content strategist at SapientNitro, helping major Fortune 500 brands create better, more useful digital content.

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