As we all know, except for some credit cards that are free of annual fees for life or within the validity period, other credit cards will generate annual fees after opening. Although most banks can reduce the annual fee by swiping their cards, you will still deduct the annual fee if you don't use it for a long time, not to mention some high-end platinum cards, and the annual fee is rigid.
The second kind affects credit.
This is the first case. If the annual fee is deducted from the credit card, if you don't repay it in time, it will be overdue after the last repayment date, and the overdue credit card will affect your personal credit information. Once a bad credit record is generated, it will be kept in the credit information system for five years, and it is difficult to apply for bank loans and credit cards.
Third credit card withdrawal
In order to increase the credit card limit, many users choose to threaten to ask the bank to withdraw cash, thinking that the bank will take the initiative to withdraw cash for them by activating the behavior of not using the card. But in fact, for such users, most banks will not take the initiative to increase the quota. Generally speaking, cardholders who use their cards less often will not increase the quota, which may be reduced because the demand for cards is not proportional to the number of cards.
The fourth kind of influence card
Some banks will control credit cards that are not used for a long time. If the user does not use the card for more than a period of time after activating the card, the card will not be able to consume or withdraw cash after being controlled by the bank, and only the counter business will be supported.
In addition to the above four effects, credit cards are easy to be stolen after long-term use. This shows that there are many hidden dangers when credit cards are not used for a long time. As for how to cancel, it is necessary to consider whether to return the card or cancel the account. If you have other cards in this bank, just cancel this long-term unused credit card; If this is your only credit card in this bank, and you don't plan to open another card in this bank in a short time, then cancel the account directly.
Generally speaking, if you do not want to use your credit card, you'd better cancel it. Don't bother to take care of it, otherwise it's easy to suffer a big loss and it's too late to regret it.
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.