How to get a cancelled credit card re-instated?
July 4, 2007 9:43 AM Subscribe
My credit card recently expired and I received a letter that said it would not be renewed due to a high balance. How do I explain to them that it should be re-instated?
posted by commasplice to work & money (12 answers total) 2 users marked this as a favorite
I have a student credit card through my bank (Bank of America) that has a low interest rate, but a high balance. My limit is $1000 and I'm currently at $830. It's my only card, I haven't made a late payment on it in two years (and that was only once), and I always pay at least twice the minimum requirement. I don't want this blemish on my credit record. Can I challenge the cancellation? If so, how do I do that? If not, is there a way to appeal the cancellation so it at least won't show up on my credit record?