How to cancel a credit card
Card suspension means canceling the credit card. There are two cancellation methods:
1. Call the credit card customer service number to cancel. China Merchants Bank credit card can be canceled by calling the credit card customer service hotline 400-820-5555, but when canceling, you will be asked to provide some supporting information, such as: ID number, office phone number at the time of application, company name at the time of application, home phone number, etc. Information you have registered before.
After the bank checks and confirms your information, it will say to you "You have successfully canceled the card. Please use scissors or other tools to destroy the card." At this time, if you do not follow his instructions After destroying the card, you will naturally obtain the right to retain the card.
2. Go to a China Merchants Bank outlet to cancel your account. With your ID card, go to the bank where your account is opened to cancel your account.
It should be noted that the credit card will not be canceled automatically.
How to deactivate a credit card
You can do it over the phone or go to the business hall to deactivate it.
Canceling a bank credit card by phone:
(1) Users who meet the conditions for cancellation by phone can apply to the bank to cancel their credit by calling the phone.
(2) After receiving the call, the bank will accept the user's application for canceling the credit card, and after deducting the annual fees payable for all cards under the account, the account balance will be zero or the customer has explicitly given up the remaining deposits in the account. .
1. Things to note when canceling a credit card over the phone:
(1) The main card holder must apply for cancellation of the card, while the supplementary card can be canceled by the main card holder. An application for card cancellation can also be made by the supplementary cardholder.
(2) If there is a secondary card attached to the account, after the user cancels the credit card, the secondary card will also be cancelled.
(3) When applying for a credit card, users who have paid a deposit should first go to the card issuer's outlet to release the pledge, and then cancel the credit card.
(4) If the user makes a deposit transaction within 30 days from account cancellation to official account cancellation settlement, the user needs to bring the ID card used when applying for the card to the card-issuing business outlet to complete the account cancellation settlement procedures.
(5) After the credit card is successfully canceled, the user needs to destroy the unused credit card by himself. The destruction methods include: cutting corners, drilling holes and other methods that can damage the magnetic stripe.
2. Credit card:
Credit card is also called a credit card. It is a non-cash transaction payment method and a simple credit service. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip. Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the bill date.
On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees on credit cards, introducing liquidated damages, and prohibiting over-limit fees. The new regulations were implemented in January 2017 It will be officially implemented on the 1st.
Credit card is a non-cash payment method and a simple credit service. Credit cards are generally plastic cards with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. They are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources.
Cardholders do not need to pay cash when making purchases with their credit cards, and will repay the payment on the settlement date. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.
How to cancel a credit card
You can cancel a credit card that you no longer want to use. There are two common cancellation methods, one is to cancel the card directly, and the other is to cancel the account. Credit card cancellation is to cancel a certain credit card in your own name. For example, if you have both a CMB credit card and a CITIC Bank credit card and want to cancel the CITIC credit card but keep the CMB card, you can go directly to CITIC Bank to cancel the card. , if you want to cancel it at the same time, instead of going to each bank, you only need to go to one bank to cancel the account. After the account is closed, all the credit cards in your name will be cancelled.
Take CCB as an example, the relevant operating procedures for CCB credit card cancellation: First, the cardholder needs to clarify the reason for canceling the card to customer service and fill in the corresponding application form for canceling the credit card.
After the customer service verifies the cardholder's identity information, the card can be canceled. However, if there are arrears on your credit card, including annual fees, handling fees, etc., you must pay off the corresponding arrears before you can cancel the card.
Current CCB credit card users can also directly call the CCB credit card hotline (redirect to manual) or dial 95533 (redirect to credit card customer service). After being connected, directly submit a card cancellation application to the customer service. And provide your relevant identity information so that customer service can verify the information.
How to deactivate a credit card
Bring your ID card and credit card to the card-issuing bank to cancel the credit card, or call the credit card center of the card-issuing bank to cancel the credit card. Credit cards will not be canceled automatically. If you need to cancel the credit card under application or cancel the card that has been issued, you can call the credit card hotline in person and be transferred to manual service. If the credit card is canceled successfully, you will usually receive a text message notification. To check whether the cancellation is successful and the annual fee after cancellation and other charging issues, you can inquire through the credit card customer service center.
Credit card cancellation conditions: Cancellation can only be processed if there is no outstanding balance. If the cardholder does not meet the conditions for annual fee reduction and exemption and cancels the account, the card issuer will charge an annual fee based on the number of months the cardholder has used the card. Cardholders can continue to use the card and cancel the card after meeting the annual fee reduction criteria. If the cardholder has fully considered and determined that he no longer wants to use the credit card, he must be firm when going to the card-issuing bank to cancel the account. The staff will definitely explain the benefits of the credit card to the cardholder so that the cardholder can continue to use the credit card. Cardholders must be firm when lobbying staff, otherwise the cardholder may not be able to cancel the credit card.
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the bill date.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000). On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues Concerning the Trial of Bank Card Civil Cases".
How to deactivate a credit card
To apply for deactivation of a credit card, you can apply over the phone or go to the business office to apply for deactivation.
Canceling a bank credit card by phone:
(1) The principal card holder must apply for cancellation of the main credit card, while the supplementary card can be canceled by the principal cardholder. The application can also be made by the supplementary cardholder to cancel the card.
(2) If there is a secondary card attached to the account, after the user cancels the credit card, the secondary card will also be cancelled.
(3) When applying for a credit card, users who have paid a deposit should first go to the card issuer's outlet to unpledge and then cancel the credit card.
(4) If the user makes a deposit transaction within 30 days from account cancellation to official account cancellation settlement, the user needs to bring the ID card used when applying for the card to the card-issuing business outlet to complete the account cancellation settlement procedures.
(5) After the credit card is successfully canceled, the user needs to destroy the unused credit card by himself. The destruction methods include: cutting corners, drilling holes and other methods that can damage the magnetic stripe.
How to deactivate the card at a bank branch: You need to bring your ID card and credit card to a nearby bank branch to cancel the credit card.
This ends the introduction on how to stop a credit card and how to stop your own credit card. Have you found the information you need?