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[Closing a] Student Credit Card

  • 06-05-2011 03:41PM
    #1
    tazbars
    Registered Users, Registered Users 2 Posts: 216 ✭✭


    Hey everyone! I opened an Ulster Bank account with my university in 2009, it came with a 650 euro overdraft and a 450 credit card- needless to say the biggest regret of my life. Anyway I'm after saving up to close the credit card but I was wondering how do i go about it? Can I just go into the bank and close it or do I need to write a letter? Any advice would be hugely appreciated! :)


Comments

  • #2
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    Write a letter stating that you wish to close the account and you've destroyed the card. Call them for the address, or it should be listed on your statement.


  • #3
    chris85
    Registered Users, Registered Users 2 Posts: 4,502 ✭✭✭chris85


    Also you will be charged the goverment stamp duty when closing.

    Its charged every March/April to cover the previous year. Its €30. No way around this unfortunately. They have no choice but to charge it even though only part of year you have the card.


  • #4
    Rebel1977
    Registered Users, Registered Users 2 Posts: 802 ✭✭✭Rebel1977


    ring the number on back of your card/ on your credit card statement and they will advse you what to do


  • #5
    filmbuffboy
    Closed Accounts Posts: 894 ✭✭✭filmbuffboy


    OP, instead of destorying your card, you could always wrap it well in bin liner and elastic bands, and submerge it in a glass of water and freeze it!

    A credit card always comes in handy for little emergencies and for building up a good credit rating. If you close your account you will find it next to impossible to obtain one again considering the current financial climate


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