Can I cancel my overdue credit card?

first of all, we should be clear about the difference between card cancellation and account cancellation.

card cancellation refers to the cancellation of a single card, that is, the cancellation of a credit card in hand. Account cancellation refers to the cancellation of the whole account, and all credit card accounts of the corresponding bank are cancelled. For example, if you have two credit cards in a bank and apply for account cancellation, you will cancel both cards.

once the card cancellation application is approved, it will take effect immediately. However, cardholders usually have to wait 45 days to apply for account cancellation, and within these 45 days, they can't make any consumption with the credit card that initiated the account cancellation, which will lead to account cancellation failure.

after the cardholder's credit card expires, the bank will not allow the cardholder to cancel the card or cancel the account. The cardholder needs to pay off the credit card bill first and make sure that there are no installment bills or other unpaid fees before applying for credit card cancellation or account cancellation.

if the cardholder insists on eliminating the card, it is recommended to just cancel the card. Because after the card is cancelled and cut, the cardholder still has a certain credit record in the bank. If the cardholder wants to handle other loan business in the bank in the future, it is not equal to a white account.

if the cardholder cancels the account, the user is equal to a white account for the bank. It will be much more difficult to apply for other credit business.

That's what Xi Caijun shared about "Can I cancel my credit card if it's overdue?" I hope I can help you!

If there are still unclear or new situations, it is suggested that you call directly for free consultation, so as to understand the communication case and give you detailed and targeted answers, so as to avoid incorrect answers due to incomplete information and poor communication. I wish the rights protection success.