How to repay a credit card that has been canceled overdue? Pay attention to these matters

When you use a credit card to make purchases or withdraw cash, you must repay it on time. Otherwise, if you do not repay it within the specified time, it will be overdue. If it is seriously overdue, there is a risk that the bank will cancel the account, but if you owe The money still exists, and repayment in this case will be very troublesome. Below, let’s take a look.

How to repay a credit card that has been canceled overdue?

We know that an overdue credit card will affect your credit, and penalty interest will be charged on a daily basis at a daily interest rate of 0.5%, compound interest will be calculated on a monthly basis, and liquidated damages will also be paid. If you owe money for a long time, If the payment is not repaid and is overdue for more than 3 consecutive months, the bank will forcibly cancel the cardholder's credit card in order to prevent the credit card user's arrears interest from compounding endlessly.

Although the cardholder's check on the credit card status will show that the account has been closed, the debt has not been eliminated and can still be found in the bank system. If you don't repay the loan, the bank's collections will not stop. They may come and you may even encounter violent collections. If you don't want to affect your normal life and work, it is recommended to repay as soon as possible and check your credit after paying off the debt. It can also be recovered slowly.

It should be noted that if a credit card is overdue and has been canceled, you can no longer insert the card in the ATM machine to repay. You can try to transfer repayment, open a savings card to mobile banking, and use mobile banking to transfer money. Use the function to enter a credit card for repayment and see if it can be paid back. If the repayment fails and the prompt does not exist or the account does not exist, you can only go to the credit card issuing bank branch and find a teller to repay. The teller can check the outstanding balance of the canceled credit card in the bank system.

The above is the relevant introduction to "How to repay a credit card that has been canceled overdue". I hope it will be helpful to everyone.

How to repay the money owed after a canceled credit card

If there is an unpaid balance on the credit card, it cannot be cancelled. Even if there is no balance on the card when the card is cancelled, due to the Some expense transactions are not recorded in real time, resulting in debt after cancellation, which must be repaid. It cannot be truly canceled until it is repaid.

Credit card cancellation process:

1. Call the bank customer service number and apply to cancel the credit card. Note that the bank customer service will usually try to retain you at this time. If you decide to cancel the card, don't listen to his "fooling" and insist on canceling it.

2. From the time you apply for cancellation by phone to the official cancellation, there will be a settlement period of 30 to 45 days. During this period, you must not use your credit card to make purchases.

3. 40 days after cancellation, call the bank customer service number to confirm whether the cancellation is successful, so as not to leave a bad record for yourself due to special reasons.

4. Do not throw away canceled credit cards. Cut the magnetic strips into pieces before throwing them away to avoid being picked up by criminals and causing losses to yourself.

Before canceling a credit card, you must ensure that there is no balance in the credit card, neither arrears nor excess deposits. Because once a credit card has a balance, it cannot be canceled.

Card cancellation refers to the cancellation of a single card. Canceling a certain credit card in the name of the cardholder will not affect your use of other bank cards of the bank, but the bank will retain your name, address, Credit status and other information. If you want to apply for a credit card from this bank next time, you will be treated as an old user and will not enjoy the new customer card opening discount.

Closing your account means erasing all your account information at this bank. If you have two credit cards, they will be canceled together and the bank will no longer retain your name, credit status and other information. If you apply for a credit card with this bank next time, you will be treated as a new customer and enjoy the card opening discount.

The suggestion is that if you have multiple credit cards or debit cards from this bank, choose to cancel the card; if you only have the only credit card from this bank and will not use it in the future, If you want to use it again, choose to cancel the account.

The process of canceling a card or account is very simple. You only need to call the customer service number of the credit card and it will be done quickly. The credit card in hand has no use and can be destroyed by yourself. But before that, there are some things that cardholders need to pay attention to.

First of all, you need to check whether there is any unpaid balance in your credit card, and whether there is any overflow deposit. If there is any debt, it must be paid off before canceling the card or account. If there is an overflow deposit, , but also consume it first.

Second, check how many credit card points you have and what gifts you can redeem them for. Otherwise, the points will be gone after canceling the card or account, and it will be a waste.

Third, check whether the credit card has any bad records in the past, such as overdue records. If so, it is best not to cancel the card or cancel the account, because the bad records cannot be eliminated and will always exist. In this case, it is recommended to continue using the credit card until the credit record is overwritten by new consumption records after 5 years.

How to repay when the ICBC credit card is overdue and you want to repay it? It shows that the card has been cancelled

If you want to repay your credit card that is overdue and invalid, it is best to call the bank’s customer service staff to inform them of the situation. , indicating that you really hope to repay the loan, and do not let the debt be recorded in the credit reporting system, otherwise a bad credit reporting record will seriously affect your credit.

It is recommended that users bring their ID card, credit card and repayment debit card (you can store the amount that needs to be repaid in the card) to the credit card center or bank branch counter to negotiate repayment matters and pay it off in one go , prove sincerity. Generally, the invalidation of an overdue credit card does not affect the repayment, but you can no longer use the consumption function of the credit card, so you can continue to repay on mobile banking, online banking, and ATM machines. Repaying at the branch counter is also a good choice.

Extended information:

Notes on overdue credit card repayments:

It should be noted that all overdraft purchases must pay a daily interest rate of 0.5%. Choosing the minimum repayment method also means that the card user must repay the minimum repayment amount set by the bank on the due date. The minimum repayment amount is generally set by the bank at 10% of the consumption amount.

If even the minimum repayment amount is not returned to the bank within the repayment period, in addition to paying normal overdraft interest, the user will also have to pay a late payment fee. 5 standard late payment fees.