Before you close your secured credit card account, you’ll need to pay off your balance in full
This includes any interest charges or fees that have accrued on your account
It’s important to pay off your balance to avoid any negative impact on your credit score
Once your balance is paid in full, contact your credit card issuer to let them know you want to close your account
The customer service representative will provide instructions on how to close your account and request your deposit refund
When you close a secured credit card account, you’ll receive a refund of your deposit as long as you’ve paid off your balance in full
The amount of the deposit you receive back will depend on the credit card issuer’s policies
The timing of the deposit refund can vary depending on the credit card issuer