Ulta is a popular beauty retailer that offers a store credit card with many benefits, including 5% off every purchase, special financing options, and a $10 rewards certificate for every 2,500 points earned. However, there are some downsides to the Ulta credit card, including a high APR and annual fee.
If you’re thinking of canceling your Ulta credit card, here’s what you need to know. In this article, we’ll give you a step-by-step guide on how to cancel your Ulta credit card. We’ll also provide some tips on how to avoid cancellation fees and how to keep your credit score intact.
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How to Cancel Your Ulta Credit Card
First, it’s important to know that you don’t actually cancel your credit card with Ulta. Instead, you’re asking the company to close your account on the Ulta credit card. This is different from removing the card from your wallet and no longer using the card.
It’s also different from signing up for a store credit card and then canceling the card after using it once or twice. When you close your account on the Ulta credit card, you remove your payment information and make it impossible for you to use the card again.
You’ll want to take the following steps to ensure that the account is closed and the credit card is canceled. Before contacting your credit card provider, you should pay off your balance. You’ll need to contact Ulta directly to let them know you’re closing your account. It’s important to make this call as soon as possible. If you wait too long, you run the risk of having the account closed on your behalf.
1. By Phone
To cancel your Ulta credit card by phone, call the credit card company directly. The toll-free number should be printed on your monthly statement. If you don’t see it there, you can find the number by searching the web for “Ulta credit card phone number” or “Ulta store credit card phone number.”
Make sure to have your card information, including the account number and expiration date, on hand when you call. You may also want to have your account balance handy. Be prepared to verify your identity before the operator ends your account. You’ll likely be asked for your full name, date of birth, and account number. You may also be asked to provide your Social Security Number and driver’s license number.
Be sure to call during regular business hours. Credit card companies usually have extended hours, but you could get put on hold for a long time and the timing of your call could affect your credit score. Have a payment method in place before you call. You may be asked to make a final payment to close your account and end your Ulta credit card.
To cancel your Ulta credit card online, log in to your account and follow the cancel account link. You may also be able to find the option to cancel your card by clicking on the account tab on your profile page. You’ll need to enter your account information and the card number.
You may have to provide a valid email address and a password before you can cancel your account online. You may see a message that says “account closed,” but this doesn’t mean your account is completely closed. You’ll want to follow up with the credit card company to make sure your account is closed and your account is reported correctly. If it’s not, you’ll want to contact the company to correct it.
If you prefer to close your account in person, visit an Ulta store near you. If you plan to do this, you’ll want to make sure that the credit card company will take the account away from your home address. If you close your account at the store, the store address will be reported to the credit card company.
This could hurt your credit score by lowering your credit utilization percentage. Many credit cards require you to keep a certain percentage of your credit card balance unused. This is known as your credit utilization percentage. If you run out of credit, having too many accounts open could hurt your credit score.
Having a low credit utilization percentage is one of the biggest factors in determining your credit score. You’ll want to keep the percentage as low as possible by paying off your credit card balances each month. Ulta may give you the option to close your account online or in person.
Fees and Penalties Associated With Cancelling Your Ulta Credit Card
There are no cancellation fees associated with canceling your Ulta credit card. Credit card companies make money from fees and interest from late payments. Therefore, it makes no sense for them to charge you for closing your account early. However, there are some penalties you need to watch out for.
If you close your account before the due date, you could affect your credit score. Credit card companies report your payment history to credit bureaus like Experian and Equifax. Having your account reported as closed before the due date could hurt your credit score.
There’s also a chance that closing your account early could affect your credit utilization percentage. If you have a low credit score, closing an account early could cause your credit score to drop even further. You’ll want to make sure you have enough credit available to cover your bills before you close any accounts.
How to Avoid Cancellation Fees
If you have a low credit score, you may be offered a store credit card with a high APR. Before applying for the card, you should check your credit score. If you have a low score, you can avoid cancellation penalties by applying for a card with a higher APR. You may also want to apply for a credit card that doesn’t have an annual fee.
When you’re offered the Ulta store credit card, you only need to apply for the card once. If you’re rejected, don’t try again. If you apply for too many cards in a short period of time, you could get denied. You may also want to avoid applying for too many cards at once if you have a low credit score.
How to Keep Your Credit Score Intact After Cancelling Your Ulta Credit Card
Before you close your account, make sure you have another card in your wallet. If your credit score has dropped, or if you don’t have a high enough score to qualify for a new card, try to improve your score before closing your account. You can do this by making your payments on time each month and keeping your balance low.
If you don’t have a card in your wallet, you might have to pay a bigger payment than usual on your Ulta credit card. If you have a lower credit score, you may be charged a higher interest rate. If you have to pay a higher interest rate, you can help keep your credit score intact by paying off your Ulta credit card balance in full every month. Doing this will ensure that you only have to pay a small amount in interest.
Now that you know how to cancel your Ulta credit card, we hope that you feel empowered to make this decision. Credit cards can be helpful tools if you use them wisely and pay off your balance each month. However, they can also be harmful if you don’t use them carefully.
You may want to cancel your card if you’re not using it or if your credit score has dropped. It’s important to remember that there are ways to cancel your card without hurting your credit score. You can cancel your card by phone, online, in person, or by stopping the payments. You can also avoid cancellation fees and keep your credit score intact by paying off your balance each month.