Cancelling a credit card does not mean all associated financial obligations are cancelled. Debt linked to the card remains, and cardholders must still pay outstanding instalments. The treatment of these payments depends on the lender's specific terms.

Further details are available on what happens to active payments and benefits when a credit card is closed. It is known that cardholders should review their obligations before requesting closure.

The process of closing a credit card can be complicated by factors such as unused benefits or pending payments.