If you apply for a credit card and do not use it, annual fees will be deducted.

If the credit card is not used, it will not generate consumption debt, and there will be no interest charges or deductions. However, if your credit card is not activated after receiving it, or the number of card swipes after activation does not meet the bank's requirements, the bank will charge a specified amount of annual fees after one year. If you don't pay attention, you may have a record of overdue debts, which may eventually affect your credit report.

The annual fee will be included in the bill. If you cannot repay on time, the bank will treat you as unpaid in each bill before you repay the annual fee, and report it to the People's Bank of China for personal credit. System, once there is a bad record in the personal credit system, it will affect your ability to apply for loans or credit cards from all financial institutions within the next two years.

How to deal with the credit card after it is no longer used:

If you do not want to use this card and do not want to incur any fees, the only way is to call the bank and the bank will cancel the card for you. There are no fees for getting a card. If you tell the bank that you have lost your credit card, the bank will not waive your annual fee, and will also require you to report the loss of your credit card, and you will have to pay a fee if you report the loss.

If you want to continue using it, it is very simple. As long as you swipe the card the number of times specified by the bank, there will be no annual fee next year.

Many people throw them aside after opening a credit card due to carelessness, resulting in the accumulation of annual fees and overdue personal accounts. Therefore, I would like to emphasize here that you must not apply for a credit card at will. Once the application is successful, To use it well, make sure there are no arrears and balances before canceling after no use. There is also a 45-day period for canceling a credit card. Do not use the credit card again during this period. Otherwise, if the credit card generates a debt during this period, it will be recorded on the personal credit report.

Extended information:

Credit card cancellation:

As long as there is no overdraft on the card, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first and go to the bank to cancel the account after a certain number of days; if the card has expired and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. Account procedures. When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

If your card has not expired when canceling a credit card account, some banks stipulate that you need to go to a designated outlet to handle the card collection business, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days) . This is mainly because if the cardholder has made a manual card pressing transaction before canceling the account, the cardholder will have canceled the account before the merchant has submitted the card pressing form to the bank for entry into the account, and the bank will not be able to clear the account normally. ; On the other hand, if the cardholder consumes or withdraws cash overseas, it may take a few days to settle the account. If the account is closed immediately, it will also affect the bank's normal liquidation.

Reference: Credit Card-Baidu Encyclopedia