Numerous customers sign up for TJ Maxx credit cards because the company gives discounts at its stores and other retailers, such as Marshalls and HomeGoods.
However, TJ Maxx credit cards have a high rate of interest on delinquent accounts, so you may end up paying significantly more for your purchases. Consequently, you might question how to cancel a TJ Maxx credit card. If yes, read on for more information!
How Do I Cancel My 2022 TJ Maxx Credit Card?
The best approach to cancel a TJ Maxx credit card is by calling the associated Customer Service number. Call 1-800-952-6133 for the TJX Rewards Credit Card and 1-877-890-3150 for the TJX Rewards Platinum MasterCard. In 2022. Confirm your phone call with a letter or email.
Continue reading to learn how to deactivate your TJ Maxx credit card securely. Below is a wealth of important information!
How Do I Close My TJ Maxx Credit Card Account?
Once you have decided to cancel your TJ Maxx credit card, you must ensure that you do so correctly to avoid any complications.
Calling in is the most safe way to cancel your TJ Maxx credit card. To inquire about the TJX Rewards Credit Card, dial 1-800-952-6133.
Call 1-877-890-3150 in order to cancel your TJX Rewards Platinum MasterCard.
Before canceling your card, it is advisable to consider the advantages and cons of your decision.
Cancelling your TJ Maxx credit card will have a negative effect on your credit score, as it will lower the amount of credit you have access to.
Additionally, you will lose the credit history you’ve established with the card, which might have an impact on your credit score.
How do you properly cancel a credit card?
Once you’ve decided to cancel your card, there are a few precautions you should take to avoid any complications:
- First, ensure that your amount is paid in full, so that you do not have to worry about zombie payments after canceling your card.
- Cancel any recurring or bill payments related to the card.
- Redeem any unused Rewards.
- Call TJ Maxx’s Customer Service at the number on your card to cancel your card. If you prefer, you may be able to cancel your card online.
- Send an email or physical letter to confirm your cancellation request. Thus, you will have a paper trail and the cancellation date in case it is required in the future.
- Cut up your card to prevent unauthorized use.
- Verify that the card has been canceled by monitoring your credit reports.
Which Bank Issues the Credit Card for TJ Maxx?
Credit cards for TJ Maxx are supplied by Synchrony Bank. Both the TSX Rewards Platinum MasterCard and the TJX Rewards Credit Card are included.
Is there an annual fee for the TJ Maxx credit card?
The TJ Maxx credit cards do not have an annual fee, but the interest rates on delinquent amounts are quite high. The TJX Rewards Credit Card carries an APR of 27.99% on new transactions. If you are late on a payment, you will be charged $35.
However, you can redeem Rewards at TJ Maxx, Marshalls, HomeGoods, and Sierra shops.
Every dollar spent in-store or online with your TJ Maxx Rewards Credit Card earns you 5 points. When you accumulate 1,000 points, you will receive a $10 Rewards certificate.
Is the TJ Maxx Credit Card complimentary?
No annual fee applies to the TJ Maxx Rewards Credit Card. If you have any outstanding debt, however, you will be charged a hefty APR of 27.99 percent.
Does the TJ Maxx Credit Card Help to Establish Credit?
The TJ Maxx Rewards Credit Card does help you develop credit because it provides you with an additional credit line.
If you use your credit card frequently and pay your monthly bills on time, your credit score will improve.
In contrast, if you miss a payment and incur late fees, your credit rating may suffer since the issuing bank reports to the three major consumer credit bureaus.
Does the TJ Maxx Credit Card Make Financial Sense?
Before deciding to cancel your credit card, it is prudent to weigh the benefits and drawbacks.
Typically, shoppers apply for a TJ Maxx credit card because it provides a discount on all purchases, TJ Maxx Rewards, and cashback.
The TJX Rewards Credit Card and the TJX Rewards Platinum MasterCard are the two types of TJ Maxx credit cards.
Additionally, the TJX Rewards Credit Card can be used at other TJX group retailers, such as Marshalls and HomeGoods.
In addition, you get incentives on every transaction. The TJX Rewards Platinum MasterCard is a MasterCard that can be used at other merchants and earns 1% cash back on all transactions.
However, both sorts of credit cards carry high interest rates on delinquent accounts, and the rate at which you earn Rewards is quite slow.
These are possible justifications for canceling your TJ Maxx credit card. As previously said, however, when you cancel any credit card, your credit score will suffer.
Because when you cancel a card, you lose access to that line of credit, your available credit decreases.
You may also read our articles on where to get TJ Maxx gift cards, whether TJ Maxx takes Google Pay and Samsung Pay, and TK Maxx vs. TJ Maxx to learn more.
You can cancel your TJ Maxx credit card by calling the customer care number associated with that card. Additionally, you may be able to cancel your credit card online.
When you cancel your TJ Maxx credit card, you should obtain written or electronic confirmation and monitor your credit score to ensure there are no errors on your credit record.