Many card friends blindly applied for the credit card of the credit card application platform because of impulse. As a result, they found that they couldn't use it, so they didn't go through the activation procedure. After a long time, inactive credit cards will sleep and become dormant credit cards. So, what is the impact of credit card dormancy? What are the bad consequences of hibernation?

1, dormant credit card charges. There are mainly two expenses here, one is the annual fee, and the other is the business card printing fee. Although the dormant card will not charge an annual fee if it is not activated, it is only for credit cards with non-rigid annual fees, such as high-end platinum cards. Regardless of whether it is activated or not, the annual fee will be automatically deducted from the date of verifying the card. The business card printing fee is for special process credit cards. If it is not activated, it can be directly deducted from the credit card limit.

2. Dormant credit cards affect personal credit information. After the dormant credit card is deducted, it must be repaid in full and on time, otherwise it will still be overdue even if it is not activated. The most direct consequence of overdue is a bad credit record, which will affect an individual's credit qualification.

3. Dormant credit card generates penalty interest. After the deadline, the consumer arrears will no longer enjoy the interest-free period. In addition to the daily interest of 5/10000, the penalty for the part below the minimum repayment amount is 5%, and the monthly interest is compounded. In this way, the interest will be more and more, increasing the repayment pressure of users.

4. dormant credit cards are at risk of being stolen. If the dormant credit card is lost and picked up by criminals, it is possible to copy the credit card information and make it into a fake card for stealing. Because it is a credit card in the cardholder's name, if the loss is not recovered after being stolen, the user may need to repay it himself.

To sum up, dormant credit cards have many effects. If the user really doesn't want to use the card, it is recommended to cancel the dormant credit card. In addition, when handling the card, users should consider their own needs and repayment ability, and handle the card reasonably within the scope of economic permission, so as to avoid the situation that they are unable to repay the card because of too many cards.