Canceling a credit card is a serious decision that should not be taken lightly. If you have a First Progress Credit Card, you may be considering canceling it for various reasons. Here, we will discuss the process of canceling your First Progress Credit Card so that you can make an informed decision.
What is a First Progress Credit Card?
A First Progress Credit Card is an unsecured credit card that is issued by Synchrony Bank. The card is intended for those with limited or no credit, and can be used anywhere that Mastercard is accepted. It also offers a rewards program that allows you to earn points for every dollar you spend. This card has no annual fee, but does come with a high APR.
When Should You Cancel Your First Progress Credit Card?
There are a few different scenarios in which you may want to consider canceling your First Progress Credit Card. One is if you have been using the card for a while and have built up a good credit score. In this case, it may be a good idea to cancel the card and apply for a more traditional credit card with better rewards and/or lower interest rates. Another scenario is if you are no longer using the card and are not planning to use it in the future. In this case, it would be best to cancel the card in order to avoid any unnecessary fees.
How to Cancel Your First Progress Credit Card
If you have decided to cancel your First Progress Credit Card, there are a few steps that you need to take. First, you should contact Synchrony Bank directly by calling 1-800-903-9177. During your call, you will need to provide the customer service representative with your account information, including your account number, name, address, and phone number. You should also provide a brief explanation of why you are canceling the card. Once the representative has verified your information, they will be able to cancel your card for you.
What to Do After Canceling Your First Progress Credit Card
Once you have canceled your First Progress Credit Card, you should make sure to update your credit reports. You can do this by contacting the three major credit bureaus: Experian, TransUnion, and Equifax. You should also monitor your credit reports for any changes or discrepancies in the future. Additionally, you may want to consider signing up for a credit monitoring service to help you keep track of your credit score.
FAQs
What is a First Progress Credit Card?
A First Progress Credit Card is an unsecured credit card that is issued by Synchrony Bank. It is intended for those with limited or no credit, and can be used anywhere that Mastercard is accepted.
When should I cancel my First Progress Credit Card?
You should consider canceling your First Progress Credit Card if you have built up a good credit score and would like to get a more traditional credit card with better rewards and/or lower interest rates, or if you are no longer using the card and are not planning to use it in the future.
How do I cancel my First Progress Credit Card?
To cancel your First Progress Credit Card, you should contact Synchrony Bank directly by calling 1-800-903-9177. During your call, you will need to provide the customer service representative with your account information, including your account number, name, address, and phone number.
What should I do after canceling my First Progress Credit Card?
After you have canceled your First Progress Credit Card, you should make sure to update your credit reports by contacting the three major credit bureaus: Experian, TransUnion, and Equifax. You should also consider signing up for a credit monitoring service to help you keep track of your credit score.
Can I cancel my First Progress Credit Card online?
No, you cannot cancel your First Progress Credit Card online. You must contact Synchrony Bank directly by calling 1-800-903-9177 in order to cancel your card.
Does canceling my First Progress Credit Card affect my credit score?
Canceling your First Progress Credit Card may affect your credit score if you had a long history of using the card responsibly and paying your bills on time. On the other hand, if you had a short history of using the card or had missed payments, your credit score may improve after canceling the card.
Can I transfer my balance from my First Progress Credit Card to another card?
Yes, you can transfer your balance from your First Progress Credit Card to another card. However, you must first contact Synchrony Bank to cancel your existing card before you can transfer the balance to another card.
Will I still be responsible for paying any outstanding balances on my First Progress Credit Card after I cancel it?
Yes, you will still be responsible for paying any outstanding balances on your First Progress Credit Card after you cancel it. You should make sure to pay off any remaining balances before you cancel the card in order to avoid any late payment fees.