Deactivating a credit card can have a negative impact on your credit.

Deactivating a credit card will have a negative impact on your credit record, which will affect your success rate in applying for bank credit in the future. If you fail to repay the loan by the due date, you will also face liquidated damages and high penalty interest. These penalties will be calculated on a daily basis and will accrue on a monthly basis in the form of compound interest. If the credit card is overdue for more than 3 months, and the bank has made two effective collections but has not paid back, and the principal amount owed reaches 50,000 yuan, then this will constitute a crime of credit card fraud. In this case, the bank will choose to prosecute and face criminal liability.