If the credit card is not activated, it will be automatically cancelled after the card expires. If the credit card is not used after activation, it may be frozen, but it will not be cancelled. You need to call the bank customer service yourself to cancel the card. And there is an annual fee for credit cards. Most of them need to be exempted from annual fees through transactions. If you don't use them all the time, you will have an annual credit card fee.
: 1, affecting personal credit. This is mainly caused by the deduction of annual fees from credit cards. The fee includes two aspects, one is the fee of special card, and the other is the rigid annual fee of high-end card. These expenses will be directly deducted from the credit card limit and included in the latest bill regardless of whether the card is opened or not. At this time, everyone must repay in full and on time, otherwise it will be overdue, resulting in personal credit damage.
2. Affect the card experience. The credit card has not been used since it was processed. If there is no transaction record for more than 6 months, they are easily controlled by banks, and then they may not be able to use credit cards to spend or withdraw cash. At this point, the card is in a semi-waste state. If you want to resume use, you can apply to the bank for reactivation.
It is difficult to increase the amount. Many people think that banks will take the initiative to increase the quota for users when they often don't use their cards. In fact, this situation is rare. On the contrary, if people don't use their cards frequently all the time, it will be particularly difficult to withdraw money. After all, the bank conducts a comprehensive evaluation based on the credit status and card usage of users. If you don't use the card, the bank will think that the cardholder has no demand and it is a waste to give too much credit.
4. It is easy to be degraded. Many banks will do this. For example, CITIC Bank has previously announced that credit cards that have not generated any transaction records for more than six months will take measures to reduce the quota.
In addition to the above effects, unused credit cards are also at risk of being stolen, so if you really don't want to use them, it is recommended to cancel them as soon as possible to avoid risks.
Because of the existence of "multi-loan", it is recommended that those who intend to handle multiple credit cards pay attention to the order of handling cards. "Multi-head credit granting" means that some banks will refuse customers who hold too many banks to apply for their credit cards, such as CCB and ABC.
Industrial and Commercial Bank of China and Bank of China are special. Some provinces ignore many banks, while others restrict many banks. There is no fixed rule to follow.
In addition, China Merchants, Agriculture, Guangfa and other banks raise the amount quickly, and early handling is helpful for the subsequent quota increase.
In addition, the credit cards of ICBC and China Merchants Bank are highly recognized in the industry, and the credit cards of other banks can be handled by "handling cards"; Only a reasonable order of card use can guarantee the maximum credit card limit.
The general card processing order is suggested as follows:
1. Give priority to the bank credit card salary to ensure the initial high amount;
2. Then apply for bank cards for industry and commerce, investment promotion, agriculture and construction. , establish recognition or avoid not issuing cards in the future;
3. In this case, the card with low limit is directly cancelled to avoid affecting the card limit of other banks;
Most importantly, the above order is for reference only. You should determine the order of handling cards according to your own situation. At the same time, don't blindly handle the card, and don't handle the card when you see it.
What happens if the credit card is never used?
This card is invalid after it expires.
If the credit card is not used for a long time, it will automatically become invalid once the validity period expires, and if the card itself is not directly exempted from the annual fee, then the customer will not repay it in time after being deducted from the annual fee by the bank, which will lead to personal credit damage and will always generate overdue penalty interest. At that time, the card may be frozen by the bank, and the bank will also demand payment from the customer, and the customer's credit business will also be hindered because of credit problems.
If the card itself is free of annual fee, it will not cause much problem, but the bank may think that the customer has no demand for the use of the quota, which is not conducive to the increase of the quota, and the quota may be withdrawn.
Extended data
1. Speaking of credit cards, I believe everyone knows that in this credit era, credit cards play an important role. Now almost everyone has one or two credit cards and credit card limits. In order to meet the different needs of cardholders, the credit card application platform has also launched many different types of credit cards, and virtual credit cards are one of them, but many friends still don't know much about virtual credit cards. Let's talk about it below.
Second, virtual credit cards, also known as: virtual VISA credit cards, VISA virtual credit cards, VISA virtual cards, VISA international credit cards, task cards, game activation cards, PayPal activation cards, EB activation cards and iOffer activation cards. , is a product for users who don't have an international credit card or are worried about the safety of credit card payment and need to shop online abroad, activate various online accounts and recharge.
1. The applicant should have full capacity for civil conduct, a stable work unit and a stable income;
2. The applicant must provide proof of work, income and identity with official seal;
3. In addition to the above conditions, the applicant can also choose to provide proof of property, education and so on. Improve credit card approval rate and credit limit.
1. The virtual credit card is handled well, without complicated procedures and long waiting, and it usually takes a few minutes to ten minutes to get the card;
2. Virtual credit cards are non-overdraft credit cards, and there is no risk of malicious overdraft, which can also effectively avoid the disclosure of private information;
3. This card is a standard VISA MasterCard, including 16-digit credit card, reasonable time and 3-digit CSC/CVV2 code;
4. The validity period of activating the virtual credit card is generally 1-2 years, which ensures the activation of accounts (such as PayPal and EB accounts).
Security of;
5. This card belongs to the pre-paid VISA MasterCard. According to the user's application, the card can range from $ 1 to $500.
Personal credit line in dollars;
6. This card is issued in an international organization by joining the VISA formal bank and abides by the rules and regulations of the VISA international organization.
3. What's the difference between a virtual credit card and a physical credit card?
1. Entity difference: virtual credit cards have no physical cards, while physical credit cards have physical cards;
2. Difference of usage scenarios: Virtual credit card is a virtual account set in the existing credit card account, which is mainly used for online or other non-face-to-face transactions. However, physical bank credit cards are used in daily life, such as large shopping malls, hotels, restaurants and so on. Within the credit limit, you can trade first and then pay back the money;
3. The difference between card handling methods: Virtual card application is convenient, and it will be automatically issued after the application is passed. It is troublesome to apply for a physical card, which requires a series of procedures such as face-to-face signing.
Will BOC's credit card be automatically cancelled if it is not used for a long time?
China Bank's credit card will not be cancelled automatically. If you really need to cancel, you can call the credit card customer service hotline for pre-cancellation. After pre-cancellation, the card cannot continue to consume, but it supports repayment.
The above contents are for your reference. Please refer to the actual business regulations.
The introduction of how to deal with the long-term non-use of credit cards and the annual fee generated by long-term non-use of credit cards ends here. I wonder if you have found the information you need?