Credit cards should not be too many or too few, so many friends will choose to cancel some of them when they have too many credit cards. So, does canceling an ICBC credit card affect your credit report? Let’s learn more below!

Will canceling an ICBC credit card affect your credit report?

Canceling a credit card itself does not affect your credit; Overdue credit will be affected. If a cardholder cancels a credit card with no overdue records and no outstanding balances, it will have no impact on the personal credit report. However, if the cardholder has a bad credit record overdue while using the card, even if the debt has been paid off, if more than five years have not passed, canceling the credit card will still have an impact on the individual's credit record. When you apply for credit cards or loans in the future, you will be rejected by the bank because of this.

How to repay the money owed if the credit card is deactivated?

1. Mobile banking repayment: Even though the credit card is deactivated, the cardholder can still transfer funds through mobile banking. into the credit card account, and the system will automatically deduct the payment on the repayment date;

2. Online banking repayment: The principles of online banking repayment and mobile banking repayment are the same. The repayment amount can be transferred to the credit card account;

3. Bank counter repayment: The user brings the funds and ID card to the bank branch counter to handle the credit card repayment procedure;

4. Third-party platform repayment: All third-party trading platforms can perform credit card repayment operations, but you need to pay a certain handling fee.