Know The Reasons Your Credit Card Is Cancelled?
Paying late (or not at all), going over your credit limit, failing to comply with your agreement or filing for bankruptcy are all legitimate grounds for closing an account.
Nowadays credit cards are common in everyone's wallet. Credit card companies can cut some cardholders who aren't making them money. Your credit card issuer has the right to cancel your credit card at any time. Sometimes the credit card holder may not even get a warning when his or credit card is cancelled. When you try to swipe it somewhere only, you learn that your card has been cancelled.
Here are some specific reasons why the credit card company could cancel your credit card.
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