You can cancel the platinum card you applied for at the bank if you no longer want to use it, but you should carefully check whether there is an annual fee for the platinum credit card

Generally, as long as the platinum bank card is activated or signed, Once it has been activated, an annual fee will be charged for one year; so how to cancel?

Pay attention to the card cancellation cycle

When an application for card cancellation is made, there is usually a cycle until the card is successfully cancelled. This cycle is called the "card cancellation cycle". In this cycle, in order to avoid problems with bad debts, banks allow cardholders to settle all outstanding debts within the cycle. The "card cancellation cycle" is generally 45 days.

During the card cancellation period, in addition to being able to make normal repayments, the canceled credit card cannot be used. If the canceled credit card still owes money, and you have not repaid it within the card cancellation period. , then even if you cancel the card, you will still be included in the credit blacklist.

So, whether you go to the counter to cancel the credit card in person, you should call the bank 45 days later to check the cancellation status. Only after confirmation can the cancellation be considered successful.

Distinguish between cancellation methods

Credit card cancellation is divided into two ways: single-card cancellation and whole-account cancellation. The former is to cancel a single card in the name of the cardholder, and the latter is to cancel All credit card accounts in the cardholder's name.

Card holders must pay off all outstanding balances before choosing to cancel the entire account. When choosing to cancel a single card and there are other cards in use, they do not need to pay off all the balances. They only need to pay off the balance. Just pay off the card you want to cancel.

Destroy the magnetic strip after canceling the card

Many friends just throw away the credit card after canceling it, without paying any attention to it. In fact, this is very bad. After cancellation, the credit card still retains a lot of personal information, which may be stolen if you are not careful.

So, after the card is deactivated, the magnetic strip must be cut and scraped.

Finally, I would like to remind everyone that once you decide to cancel a credit card, you must pay attention to the issue of arrears. Do not throw it away immediately after canceling the card. You must confirm the card cancellation period 45 days after the card is cancelled. Whether there will be any charges within the transaction, and only after confirming that the card cancellation is successful, you can choose to cut the card.