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    How do I go about to cancel a JCPenney credit card?

    Hey! I'm fairly new to the adult world of credit and got myself a JCPenney credit card without realizing the disadvantages to having several credit lines. I would like to know: How do I cancel my JCPenney card? Anything else I should be aware of?
    2 years ago 3 Answers

    Best Answer

    Chosen by Asker
    I think you should know that closing your account will also knock your credit score down a couple points. Make sure you're doing more good than harm by canceling it. "•Don't cancel multiple credit cards. That can suddenly lower your available credit and can hurt your credit score. Keep old accounts open to ensure a long credit history." That's from "Your five minute guide to credit scores" check it out http://articles.moneycentral.msn.com/Banking/YourCreditRating/Your5MinuteGuideToCreditScores.aspx?page=2 Hope this helps......
    a few seconds ago

    Other Answers

    • On the back side of the card, above the black strip, there is a toll-free #. You can call and simply tell them you want to close the account. They will first ask you some verification questions, of course.

      by Myra - 14 hours ago

    • Who told you having lots of credit was bad for your credit score? That's what helps your credit score if you pay your bill in full each time (or at least on time for the minimum payment), if you aren't charging a lot, and paying on time then that will all help your credit score. Closing credit cards may actually lower the credit score a bit. Myfico.com is a good resource to research before you decide to close your credit card. To close the account you will call the number on your statement or on the back of your card and request the account to be closed. Depending on their procedures they may ask you why you want to close it and try not to have you close it.

      by Scott - 14 hours ago

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