Why do you never apply for a credit card? What should you do if you don’t want to use your credit card?

The use of credit cards for consumption is becoming more and more common in life, and more and more people are applying for credit cards. However, recently many netizens have said that you should never apply for a credit card. What is the reason? If What should I do if I apply for a credit card but no longer want to use it?

A credit card is a credit tool provided by banks to cardholders for overdraft consumption. It can reduce the financial pressure on everyone’s consumption to a certain extent, and the cardholder only needs to repay the credit within the specified period. If you make a payment, you can enjoy the interest-free period.

But everything has two sides. The reason why some people say you should never apply for a credit card is because credit cards have the following risks:

1. Overdue risk.

After using a credit card, you need to repay on time, but there are many people who accidentally forget the repayment date and cause overdue payment. Once the credit card is overdue, you will face negative consequences such as collections, penalty interest, and credit reporting.

2. Risk of excessive overdraft.

Credit cards allow for overdraft consumption, which makes it possible for some people who do not have the ability to control themselves to overspend. Once the cardholder overspends, it is likely that he will be unable to repay.

Credit cards can bring more convenience to everyone if used properly, but if used improperly, everyone will also suffer from many problems due to credit cards.

If the cardholder no longer wants to use the credit card, it is recommended that you call the credit card customer service hotline to apply for cancellation of the card.

Because credit cards have annual fees, if the cardholder does not want to continue using it and leaves the credit card alone, it is likely to be overdue due to the annual fee. In addition, for credit cards left randomly, there is a possibility that the card will be overdue. Risk of fraud.

Before applying to cancel a credit card, cardholders must ensure that all credit card debts are paid off, otherwise the credit card cannot be canceled.

In addition, if you are applying for account cancellation, it is recommended that you call the bank customer service hotline again 45 days after applying to cancel the credit card to confirm whether the card has been cancelled, because it usually takes about 45 days to cancel a credit card account.