What are the consequences of applying for a credit card but not activating it?

Having applied for a credit card but not activating it may cause the following problems:

1. Without the cardholder’s knowledge In this case, annual fees will be incurred and even overdue records will be generated. Most credit cards do not have annual fees if they are not activated, but there are also a few credit cards with special functions and high-level credit cards that still charge annual fees even if the card is not opened. If you haven't opened and used it, you will owe the bank some money without knowing it. If the repayment is not made on time, interest and late payment fees will be charged. Late repayments will also affect your personal credit record. If there is a bad record in the credit report, it will be difficult to apply for a mortgage or car loan in the future.

2. Waste your overall credit limit. As long as a credit card is applied for, whether it is activated or not, it will be reflected in the personal credit system. When applying for a credit card in the future, the bank will inquire about it. Too many inactive credit cards will affect the approval of new cards.

Therefore, it is recommended not to blindly apply for a credit card. If you no longer want to use it after applying, it is recommended to cancel the credit card to avoid any impact on your personal credit.

What will happen if the credit card is not activated?

Nowadays, many friends will go to the bank to apply for a credit card, but sometimes because the credit card limit is relatively low, the credit card has not been activated. What will happen if the credit card is not activated? How is it?

1. It may affect your next card application: Regardless of whether you choose to activate or not, your application time, applied amount and other information will be uploaded to the credit reporting system. Although it will not be considered a bad record, it will be difficult to apply for a card later, and the application may fail. If you apply for a card multiple times but do not activate it, it may affect future loans.

2. It may not be automatically canceled: Many people think that if the card is not activated, it will be automatically canceled by the bank, but this is not the case. The regulations of each bank are different. Some banks stipulate that the card will be canceled if it is not activated within a few years, and some banks stipulate that the card will be considered dormant if it is not activated. It is best to cancel the inactive card to avoid many problems.

3. The annual fee may be charged as usual: Generally speaking, no annual fee will be charged if it is not activated. But this is only for regular cards. If you are a platinum-level card or above, you will enjoy higher-level services and have higher rights after activation. Even if it is not activated after application, annual fees will still be incurred. If you forget to pay, it will be treated as overdue.

4. The card may be stolen by others: Many criminals will specifically look for those unactivated cards, steal the information, use the information to activate the card and then use it, and will not repay the money after using it. . Arrears and other bad records will be recorded in the applicant's name, which will cause great losses to the applicant.

Not activating a credit card will bring you a lot of trouble. Before applying, you must consider whether you need a card, and remember to blindly apply for a card. If it is not activated after application, you must take the initiative to cancel the card to avoid causing losses to yourself.

What will happen if the credit card is not activated?

If the credit card is not activated, it will not be used regularly. In order to enable customers to enjoy the various benefits of CCB credit cards as soon as possible, it is recommended that customers open and use the card immediately after receiving it. For cards that have not been activated before the card expires, CCB will not issue a new card to the customer upon expiration. Note: If the customer applies for a CCB credit card with a rigid annual fee, the annual fee will be incurred regardless of whether the customer activates it or not.

(In case of business changes, please refer to the actual situation.)

What are the consequences of not activating a credit card after applying for it?

The following disadvantages will occur if the credit card is applied but not activated. Impact:

1. Inactive credit cards may also incur annual fees.

Although the China Banking Regulatory Commission stipulates that banks are not allowed to charge cardholders annual fees if their credit cards are not activated, this only applies to ordinary credit cards. If the cardholder applies for a high-level credit card or a customized card, Due to the relatively high cost of card production, this type of credit card will incur annual fees even if the cardholder does not activate the credit card.

If the cardholder is not careful, the annual fee may be overdue.

Once a credit card is overdue, it will not only generate overdue interest, but also have a negative impact on personal credit due to overdue payment

2. It will affect the cardholder's ability to apply for a credit card again.

When a customer applies for a credit card from the bank, the bank will refer to the applicant's current card information. Unactivated credit cards will also account for the credit limit. If the applicant currently holds more credit cards, A higher total credit limit will result in a higher current debt ratio, which may affect your later application for a credit card.

3. Unactivated credit cards will also be reflected in the personal credit report. All our credit cards will be recorded in the personal credit report, including credit cards that are not activated. If there are more If there are too many unactivated credit cards, when applying for a credit card again, the bank may think that the applicant does not really have a need to apply for a card, resulting in rejecting the user's application for a card.

This is the end of the introduction about what will happen if the credit card application is not activated and what will happen if the credit card application is not activated. Did you find the information you need?