Although the general bank will offer conditions after handling the credit card, and the annual fee can be waived if the conditions are met, there will still be friends who fail to meet the conditions due to negligence or other reasons, resulting in the annual fee for the next year. What if the annual fee is not paid? What are the consequences of not paying the annual fee?

how about not paying the annual credit card fee?

if you don't pay the annual credit card fee, you will have a record of overdue repayment, and this record of overdue repayment will be reported to the central bank, and will be kept in your personal credit database for a certain number of years.

how to eliminate the overdue record of credit card annual fee?

1. Consult with the bank:

If you don't pay the annual fee intentionally, you can go to the bank to explain the situation. Generally, the overdue time is not long. As long as you explain the reasons and have a sincere attitude, the bank can take the initiative to eliminate the bad records for you.

2. Make normal consumption, and don't cancel the card:

Although the bad record is usually kept for 5 years, as long as you use the card normally, you can cover the previous bad record with a good card record in two years, so don't cancel the card, and the bad record of card cancellation will not be eliminated.

where can I deduct the annual credit card fee?

Generally, the annual fee of a credit card is directly deducted from the credit card limit, and then it is accounted into the next bill for repayment.