Many shoppers sign up for TJ Maxx credit cards because the company offers discounts on purchases at its stores and affiliated retailers like Marshalls and HomeGoods.
However, TJ Maxx credit cards charge a high interest on unpaid balances, which means you may end up paying a lot more for your purchases. So, you may wonder how to cancel a TJ Maxx credit card. If so, keep reading to learn more!
How Do I Cancel a TJ Maxx Credit Card In 2023?
The best way to cancel a TJ Maxx credit card is to call the Customer Service number for that card. For the TJX Rewards Credit Card, you can call 1-800-952-6133 and for the TJX Rewards Platinum MasterCard, call 1-877-890-3150. In 2023. Follow up your call with a letter or email to confirm.
To find out more about how to safely cancel a TJ Maxx credit card, carry on reading. You’ll find lots of useful information below!
How Do I Cancel a TJ Maxx Credit Card?
Once you’ve decided to cancel your TJ Maxx credit card, you must make sure to do it the right way to avoid problems.
The most secure way to cancel your TJ Maxx credit card is to call it in. For the TJX Rewards Credit Card, you can call 1-800 -952-6133.
To cancel your TJX Rewards Platinum MasterCard, you can call 1-877-890-3150.
However, before canceling your card, it’s good to be aware of the pros and cons of your decision.
For one thing, canceling your TJ Maxx credit card will have a negative impact on your credit card score, because it will reduce the amount of credit available to you.
Further, you will lose the credit history built upon the card, which can also affect your credit score.
What’s the Right Way to Cancel a Credit Card?
Once you’ve decided to go ahead and cancel your card, there are a few steps you should take to ensure that there are no glitches:
- First, make sure your balance is paid off, so you don’t have to worry about zombie payments even after your card is canceled.
- Cancel any recurring payments or bill payments you may have linked to the card.
- Redeem any remaining Rewards.
- Call TJ Maxx at the Customer Service number for the card to tell them to cancel your card. You may be able to cancel your card online if you prefer.
- Send an email or actual letter to confirm your request to cancel your card. That way you have a paper trail and the date of cancellation in case it’s needed later.
- Cut up your card to prevent possible misuse.
- Keep an eye on your credit reports to confirm that the card has been canceled.
What Bank Holds the TJ Maxx Credit Card?
TJ Maxx credit cards are issued by Synchrony Bank. This includes both the TSX Rewards Platinum MasterCard and the TJX Rewards Credit Card.
Does the TJ Maxx Credit Card Have an Annual Fee?
The TJ Maxx credit cards don’t have an annual fee, but they do charge high-interest rates on unpaid balances. The TJX Rewards Credit Card has a 27.99% APR on new purchases. If you miss any payments, there is a late fee of $35.
However, you do earn Rewards that can be redeemed at TJ Maxx, Marshalls, HomeGoods, and Sierra stores.
For every $1 you spend using your TJ Maxx Rewards Credit Card in stores or online, you get 5 points. When you reach 1000 points, you get a $10 Rewards certificate.
Is the TJ Maxx Credit Card Free?
There is no annual fee for the TJ Maxx Rewards Credit Card. However, if you have any unpaid balances, you will be charged a high APR rate of 27.99%.
Does the TJ Maxx Credit Card Build Credit?
The TJ Maxx Rewards Credit Card does help to build your credit since it gives you another line of credit.
It helps your credit score if you use it regularly and pay your monthly bills on time.
On the other hand, if you miss a payment and incur late fees, it can hurt your credit rating, because the issuing bank reports to the three consumer credit bureaus
Is the TJ Maxx Credit Card Worth It?
Before you decide to cancel your credit card, it’s a good idea to make sure you know all the pros and cons.
Shoppers typically apply for a TJ Maxx credit card because it offers them a discount on all their purchases, as well as TJ Maxx Rewards and cashback.
The two different kinds of TJ Maxx credit cards are the TJX Rewards Credit Card and the TJX Rewards Platinum MasterCard.
On the plus side, the TJX Rewards Credit Card can also be used at other stores in the TJX group, like Marshalls and HomeGoods.
You also earn rewards on all purchases. The TJX Rewards Platinum MasterCard works like a MasterCard and can be used at other retailers, earning 1% cashback on all purchases.
However, both types of cards charge a high interest on unpaid balances, and the rate at which you earn Rewards is very slow.
These may be good reasons to cancel your TJ Maxx credit cards. However, as mentioned above, when you cancel any credit card, your credit score will take a hit.
That’s because when you cancel a card, you lose that line of credit, so the amount of credit available to you goes down.
To know more, you can also read our posts on where to buy TJ Maxx gift cards, if TJ Maxx accepts Google Pay & Samsung Pay, and TK Maxx vs. TJ Maxx.
If you decide to cancel your TJ Maxx credit card, you can do so by calling the customer service number for that card. It may also be possible to cancel your credit card online.
You should make sure to get written or email confirmation when you cancel your TJ Maxx credit card and keep an eye on your credit score to ensure there are no mistakes on your credit report.