At present, many people will apply for credit cards, and there are not only one, but only a few that can be used frequently, which makes many credit cards idle, and they plan to cancel them because they are worried about the risks of not using them. And many people say that the consequences of canceling credit cards are serious. Why? Let's take a look.

1. Is it serious to cancel the credit card?

1. Overdue records cannot be overwritten:

If the credit card is in good condition and there is no overdue record, you can cancel it if you don't want to use it. However, if the credit card is overdue, even if the arrears are paid off, the overdue record will not be eliminated after cancellation, and it will be in a static state. In addition, the credit card cannot be covered with new records, which may lead to the failure of credit business in the future.

Therefore, it is not feasible to cancel overdue credit. As long as the credit card is in normal condition, you still have to continue to use the credit card for consumption, repay the loan on time, and slowly cover up the bad records with the new records generated. The impact of overdue will be reduced, and the credit business will also have a chance of success.

2. Impact on re-applying for a credit card:

After canceling the credit card, you can still find the relevant information of this card on the credit report, such as the issuing bank, the time of card approval, the credit limit, etc., except that the bad behavior will not be eliminated until 5 years after the termination, and the credit card account opening information will be kept forever.

If you apply for this bank's credit card again, the bank will find out the previous card handling information. Because you don't use the card, the bank can't recover the cost, and you can't make money from the cardholder. You may refuse the card directly, so as not to cancel it after approving it, which will waste resources.

second, how to cancel the credit card?

to cancel the credit card, you need to pay off the arrears and take out the overpayment. Make sure that there is no overdue record and call the service hotline of the issuing bank to ask the customer service to help cancel it. If there is no arrears or refund within 45 days, it will be officially cancelled within 46 days.

I'd like to remind you that there are two kinds of credit card cancellation: card cancellation and account cancellation. It is necessary to know whether it is card cancellation or account cancellation.