It is necessary to cancel the credit card if you are not going to continue using it. If the account is not closed, the bank will charge an annual fee for the credit card. If the card is not overdrawn, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first, and then go to the bank to cancel the account after a certain period of time; If the card has expired and the account balance is zero, you can directly cancel the account at the designated bank outlet.

When closing the account, you should bring your valid ID card and the original card. If it's not convenient for me to close the account, someone else can help you. The agent must hold the power of attorney written by the principal (himself) and bring the original valid identity certificate to handle the account cancellation business.

If the card has not expired when the credit card is cancelled, some banks stipulate that it is necessary to go to the designated outlets to handle the card collection business, and then go through the formal cancellation procedures after a certain period of time (up to 30 days).

This is mainly because if the cardholder makes a manual card pressing transaction before closing the account, the cardholder will have closed the account before the merchant submits the card pressing form to the bank for entry, and the bank cannot settle the account normally.

On the other hand, if the cardholder is in consumption abroad or withdraws cash, it may take several days to settle the account. If the account is closed immediately, it will also affect the normal liquidation of the bank.

Extended data:

According to the Notice on Issuing the Measures for the Administration of Credit Card Business:

Article 33 Any unit that opens a basic account in a financial institution in People's Republic of China (PRC) may apply for a unit card. You can apply for multiple business cards, and the cardholder qualification shall be designated and cancelled in writing by the legal representative of the applicant or his entrusted agent.

Every citizen with full capacity for civil conduct can apply for a personal card. Personal card holders can apply for supplementary cards for their spouses and 18-year-old relatives, and the number of supplementary cards shall not exceed two at most. The holder of the main card has the right to request the cancellation of its supplementary card.

Thirty-fourth units or individuals to apply for a credit card, should fill in the application form in accordance with the provisions, together with the relevant materials submitted to the issuing bank. For those who meet the requirements, the issuing bank will open a credit card account for the applicant and issue credit cards.

Article 35 The funds in the corporate card account shall be transferred from its basic account, and shall not be deposited in cash, and the funds and sales income from other deposit accounts shall not be deposited in the corporate card account.

The funds in the personal card account are limited to cash deposits held by individuals or transfer deposits with their wages and other legitimate income belonging to individuals. It is strictly forbidden to transfer unit funds into personal card accounts.

Article 36 Credit cards are only used by legitimate cardholders, and cardholders are not allowed to rent or lend their accounts.

Article 50 Cash deposited by an individual cardholder or his agent shall be handled at the issuing bank or his agent bank.

If a cardholder deposits cash with a credit card in an issuing bank or an agent bank, the bank shall affix a card stamp on the deposit slip, and after receiving the cash, submit the deposit slip and the credit card receipt to the cardholder.

If the cardholder entrusts others to deposit cash without pressing the card, the agent shall fill in the cardholder's card number, name and deposit amount on the credit card deposit slip, and send the cash to the bank for deposit formalities.

Article 51 When withdrawing cash from a bank, the cardholder shall submit his credit card and identity card to the bank or correspondent bank. IC cards and photo cards are exempt from ID cards.

After pressing (swiping) the card, the issuing bank or the agent bank fills in the cash withdrawal slip, and after verification, it is submitted to the cardholder for signature confirmation. If the payment limit is exceeded, the agent bank shall claim the rights from the issuing bank and fill in the authorization number on the cash withdrawal form. After completing the payment procedures, send the cash, credit card, ID card and cash withdrawal receipt to the cardholder.

Article 52 After the issuing bank (or correspondent bank) receives various documents transmitted by the acquiring bank through the same city bill exchange or through this system, it will handle the payment procedures for the cardholder.

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