Most credit cards do not charge an annual fee if they are not activated, but a few credit cards or premium credit cards still charge an annual fee if they are not activated. The cardholder unconsciously owes a sum of money to the bank, and overdue repayment will also affect the personal credit record. There are bad records in the credit report, which will affect the future mortgage and car loan.
In addition, as long as you have a credit card, whether it is activated or not, it will be reflected in the personal credit information system. When you apply for a credit card in the future, the bank will make an inquiry. Too many inactive credit cards will affect the approval of new cards.
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Cardholders generally believe that credit cards will not generate any fees if they are not activated. This is because the CBRC stipulates that credit cards cannot be charged without the cardholder's activation.
However, the regulations cannot cover all situations. At the same time, the regulations point out that "under special circumstances, the cardholder alone authorizes the deduction of fees in a way recognized by both the cardholder and the issuing bank, except for the creditor-debtor relationship formed when changing the card".
Therefore, people in the industry remind consumers to read the license contract carefully when handling cards, and not to handle cards they don't need casually.
People's Daily Online-The suspension of credit cards may also affect the credit industry. It is recommended to cancel the idle card voluntarily.
People's Network-Credit card deactivation is not foolproof. If you don't open a special card, you will have to pay an annual fee.