How to cancel a Wells Fargo card in 5 minutes | finder.com

Can I cancel a Wells Fargo credit card without calling?

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Even if you’ve decided it’s time to cancel your Wells Fargo credit card, it could be hard finding the time to call in.

You may have to add that to the to-do list, given how difficult banks can make canceling your credit cards. By forcing you to call in, representatives get the opportunity to convince you to stay.

Wells Fargo isn’t a bank that makes it easy for you to cancel your card without calling.

Here’s what to expect when canceling your Wells Fargo credit card — and how to toughen up for a potential hard sell.

Prepare for your call with our guide to canceling your credit card

Is it possible to cancel a Wells Fargo credit card online?

In short, no. To cancel your Wells Fargo credit card, you’ll have to call 800-642-4720.

What to expect when you call to cancel your card

Representatives are skillful at detecting wavers in your voice. So before you call, arm yourself with reasons you’d like to cancel your card.

If you’re canceling because your APR is too high or you don’t want to pay an annual fee, let them know that. And if you’re dead set on canceling, dig in your heels — even if you’re transferred to Wells Fargo’s customer retention division for more persuading.

Have a game plan

Know ahead of time if you’ll change your mind if offered the right perks. You might be surprised at what your bank is willing to negotiate.

Of course, if you’re trying to get your finances under control, more perks will only add to the problem. In that case, make sure your card has a zero balance and be firm and consistent with your no, no matter what they entice you with.

Will canceling my Wells Fargo credit card affect my credit score?

It might. Credit bureaus determine your creditworthiness by looking at factors like your payment history and the age of your credit.

But they also look at how much credit is available to you compared to how much you’re using — known as your credit utilization ratio. In general, the lower your ratio, the lower their risk in taking you on as a borrower.

Canceling a credit card with a high spending limit might hurt your credit score if doing so increases your ratio. Credit bureaus like to see your credit utilization ratio at 30% or below. Learn more in our guide on how credit utilization affects your credit score.

What do I do after I’ve called to cancel my card?

After you’ve canceled your card online or over the phone, mail a written letter to Wells Fargo with your cancellation request, including your credit card number and account number.

Send your signed letter to:

Wells Fargo Financial Cards
PO Box 5943
Sioux Falls, SD 57117-5943

Ready to get a new card?

Do you need a new credit card to replace the Wells Fargo card you are planning on canceling? The chart below can help you compare some of the most popular credit cards on the market and find one that fits your needs. Try clicking the Compare buttons to see an in-depth comparison of several cards.
Should I get a credit card from my bank or a different one?

Compare top credit cards

Name Product Filter values Rewards Purchase APR Annual fee
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
17.74% to 26.74% variable
$0
Earn 75,000 Hilton Honors Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
N/A
0% intro for the first 18 months (then 12.99% to 20.99% variable)
$0
An 18 months 0% intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
1.5% cash back on all purchases
0% intro for the first 15 months (then 16.24%, 22.24% or 26.24% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day.
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
0% intro for the first 12 months (then 14.99% to 25.99% variable)
$95
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees
1.5% cash back after earning 3% on all purchases in your first year up to $20,000
0% intro for the first 15 months (then 16.99% to 25.74% variable)
$0
Earn 3% cash back on all purchases in your first year up to $20,000 spent, then earn 1.5% cash back after that.

Compare up to 4 providers

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site