How to Cancel an OpenSky Credit Card

You can close your OpenSky credit card account in two ways: over the phone or by mail. However, there are some things you should know before officially canceling your credit card, so you don’t cost yourself money or damage your credit score.

If you’re on the fence about deactivating your OpenSky account, there are alternatives you can explore.

What to know before canceling your OpenSky credit card

Closing a credit card account has some hidden consequences you should consider before you take steps to officially shut down your OpenSky credit card account. Here are some things to consider before ending your line of credit:

• You won’t get your annual fee back: If you’ve already paid an annual fee for your OpenSky credit card, you won’t get any of it refunded when you cancel—even if you still have most of the year left. Unless you’re also paying monthly fees, consider waiting to cancel until right before your next annual fee is due, so you can continue taking advantage of your OpenSky credit card’s benefits in the meantime.
• You’ll still get billed: If you leave an unpaid balance on your OpenSky credit card, the debt won’t disappear when you close the account. Instead, you’ll continue to be billed until the balance is paid in full, even if your OpenSky account is fully closed.
• Your credit score may drop: Canceling a credit card may affect your credit utilization ratio and your credit age (though the latter will only be affected in your VantageScore, not your FICO score). Both of these are factors in your credit score, so you may see a slight drop in points when you shut down your OpenSky credit account.

How to close an OpenSky credit card account

There are multiple ways to cancel an OpenSky credit card. Here’s how to close your OpenSky account using the best method for you.

How to cancel an OpenSky credit card by phone

To cancel your OpenSky credit card by phone, call (800) 859-6412.

Tell the agent you want to cancel your credit card, and provide them with your account information.

How to cancel an OpenSky credit card by mail

To cancel your OpenSky credit card by mail, send a letter detailing your request to cancel and account information to the following address:

OpenSky Card Services

PO Box 9224

Old Bethpage, NY 11804-9224

Alternatives to canceling your OpenSky credit card

If you’re not yet set on closing your OpenSky credit card for good, consider one of these alternatives.

Request a credit limit increase

Considering canceling your OpenSky credit card because you need more credit? Don’t pull the trigger until you’ve first tried requesting a credit limit increase.

To get an OpenSky credit limit increase, call the number on the back of your credit card.

Negotiate your interest rate

If a high interest rate is what’s giving you pause about your OpenSky credit card, consider calling the number on the back of the card and negotiating your credit card interest rate. You may be able to get a lower interest rate if your credit score has improved or if you’re facing unexpected difficulties (like job loss or divorce).

Freeze your card

You may want to cancel your card to resist the temptation of overspending on credit. If you’ve been purchasing past your limit, putting your card away for a while is a great idea. However, you may want to freeze your card rather than close your OpenSky account entirely.

Freezing, or locking, your OpenSky credit card renders the card unusable until you choose to unfreeze it. There are no charges or penalties for freezing an OpenSky credit card.