[redis_mlc]

> [banker refused to cancel a personal credit card because it was the bank's]

The comment disappeared, but I wanted to illuminate ...

Banks do have reasons for delaying account closures:

- good reason - delay closing until statements arrive and are paid. This is also commonly done with checking accounts in the US, which has delayed final settlement for inter-bank transactions.

- bad reason - employees get rewards for signups and face consequences for cancellations. See Wells Fargo scandals.

[rjmunro]

> delay closing until statements arrive and are paid

They should cancel the card being able to make further payments, but keep the account open for repayments until it is settled.