Credit cards will not be destroyed automatically if they are not opened.
Even if you don't use it, you must go to the bank to cancel the card, otherwise you will have to charge an annual fee.
Banks such as Bank of Communications, China Construction Bank, China Merchants Bank, China Everbright Bank and Minsheng Bank are basically compulsory, ranging from 80 to 300 per year. To get rid of it, you need to swipe your card 3 to 6 times in 1 year. Even if the card is not activated, as long as the card is issued to you 1 year, an annual fee will be charged.
Whether you will automatically cancel depends on which bank's credit card you are from, because some banks will automatically cancel your credit card until the validity period of the credit card expires, and will not charge an annual fee because you have not opened the card, but will charge it as usual. In this case, even if you don't activate it, the annual fee is not paid, which will lead to the overdue credit card.
Let's talk about the impact of not using credit cards for a long time:
First, the information of this card will be recorded in the credit report.
The credit report will record the number of all our credit cards, including inactive credit cards. Although this is only a small detail, this record can reflect a lot of information.
Through this information, we can reflect the applicant's subjective intention, the amount of credit cards, and whether he holds too many cards. This information may not matter at ordinary times, but if he deals with banks in the future, it will be an extremely important reference information.
Second, credit information may be charged an annual fee or even overdue.
At present, most credit cards, such as ordinary cards, do not charge an annual fee if they are not activated. But there are also some special cards with many rights and interests, such as platinum cards and diamond cards. As long as the nuclear card passes, no matter whether you activate it or not, there will be an annual fee.
If the annual fee card is handled manually, it will generally be told in person. But now many friends apply for credit cards online, and the contract is so long that most people click "agree" without reading it carefully, so the contract takes effect.
If you don't look at the contract carefully, after the annual fee is generated, it will be regarded as equivalent to the money you owe to the bank and must be paid back. If you don't return it, your credit will be overdue.
Third, when applying for a credit card and a loan in the future, you will refer to the card information.
If you apply for a credit card and loan again, this inactive card may reduce the credit limit and pass rate of applying for a credit card, so the negative impact is still obvious.
The reason is that bank credit card approvers generally refer to the applicant's latest credit card limit, while most inactive cards have relatively low credit cards.
Fourth, banks will hold grudges and leave a bad impression.
How long will the credit card expire?
If the credit card is not activated, the expiration date is related to the validity period of the card. Generally, credit cards are valid for three years, five years or even longer, and the longest can reach eight years. In other words, if the credit card is not activated or cancelled after processing, it will automatically become invalid after the expiration date.
The validity period of the credit card can be viewed on the front of the credit card, and a date, such as 03/23, is printed under the credit card, indicating that the credit card is valid until March 2023. If the account is not activated or cancelled before March 2023, the credit card will be invalid and cannot be used.
If you want to use a credit card that has not been activated after expiration, you need to apply again. This card will not be issued directly, and the credit card center will approve it according to the credit information when re-applying.
So if you don't want to use the credit card after receiving it, it is recommended to cancel it, because some credit cards will charge an annual fee if they are not activated. You can call the official hotline on the back of the credit card and ask the customer service staff to cancel it for you or go to the counter to cancel it.
How long will the credit card expire if it is not opened?
The credit card will be invalid if it is not activated within the validity period. Credit cards are usually valid for 3 to 5 years. Users need to activate their credit cards within this validity period. If it is not activated after the expiration date, the credit card will be invalid. After the failure, the bank will not directly cancel the credit card and continue to wait for a period of time. The bank will confirm that the user does not need the card, and then automatically cancel the credit card. _ In short, after the user has applied for a credit card, it is best not to use direct cancellation, and it is not necessary to wait for the bank to automatically cancel.
You can apply for a credit card without opening a card, which will not affect the credit information, but it does not mean that it will not have other effects.
First, affect the bank's trust in you.
You can apply for a credit card without opening it, which will not tarnish your personal credit, but it will actually reduce your integrity in the bank. If you fail to open the card many times, the bank will judge that you have done it maliciously. Every time you apply for a credit card, the bank will go to the credit information system to check your credit information, and this operation record will be kept in the credit information system. If the bank finds that other banks check your credit records too frequently, it may think that you are risky and refuse to apply for a card.
Second, credit cards are activated and used by others.
If you don't open a credit card, you don't have to put it at the bottom of the box at ordinary times, and it is likely to be stolen by people with ulterior motives. It is very likely that your credit card is maxed out and you don't know it. You won't know until the bank asks you for a payment. It may be too late. Protecting personal privacy is very important. People know each other's faces, but not each other's hearts. Bian Xiao suggested not to apply for a credit card at will if you don't need it.
Third, the extra cost is not wrong.
Many high-end credit cards charge an annual fee, even if you don't open a card. When handling a credit card, remember to understand the charging standard of the credit card. Don't blindly believe the demagogic remarks of some salesmen that "you can apply for a credit card without opening the card and charging an annual fee". You should consult the bank staff for details.
You can apply for a credit card without opening a card, which will not affect your personal credit information, but the small impact can not be ignored. Be careful when applying for a credit card. Don't blindly follow the trend. If necessary, you can choose a bank or a formal third-party institution.
How long does the credit card expire when it is not activated?
Credit cards will not be invalid if they are not activated. Credit cards are usually valid for three years, after which they will automatically expire. The validity period of credit cards is generally counted from the date of approval, and the validity period is generally marked at the bottom of each credit card. The standard format is the previous year and the next month. No matter which bank issues the credit card, as long as you verify it successfully, the bank will not automatically void the credit card for you whether you activate it or not. Generally, the credit card will automatically expire after it expires. In other words, the credit card can be activated before the expiry date. If you don't want to use the credit card after receiving it and don't activate it, you'd better cancel it, because some special credit cards will charge an annual fee if they are not activated. Cannot be exchanged or reduced. As long as the nuclear cartoon passes, an annual fee will be charged, regardless of whether the card is opened or not. The only solution is to make it clear to the staff that they did not activate the card for other reasons when they answered the bank's return call after handling the card. In general, there are several ways to apply for a credit card.
Network activation: bring my ID card to the bank counter to activate.
Phone activation: Call the customer service phone on the back of the credit card to activate. Activate according to customer service prompts.
Online activation: log on to the credit card center website. Each bank's website is different, but the activation steps are roughly the same. For example, Everbright Credit Card, log in to Everbright Bank Credit Card Center online and directly select the "Online Activation" option to activate the credit card. 1, online banking is activated
The cardholder can log in to the online bank of the issuing bank, activate the page online, fill in the relevant information according to the prompts, and then set the transaction password. When you are finished, click Activate.
How long before the credit card expires?
If the credit card is not activated, it will automatically expire after the validity period of the card. As for the validity of credit cards, it is generally three to five years, and some cards can be used for seven or eight years, depending on the regulations of the issuing bank.
Consequences of not activating the credit card:
1. Affect personal credit. If the credit card is not activated, it will sometimes be charged. Non-repayment will lead to overdue, and overdue will stain your credit history. You may not quite understand, how to charge if the credit card is not activated? Of course, this will not happen on ordinary credit cards, but it will happen on high-end credit cards, such as platinum cards.
2. Subsequent card use will be affected. If you get a credit card from the bank, but it has not been activated for a long time, or even sold it without activation, the bank is likely to refuse you to apply for a credit card again in the future. Of course, if you are a quality customer, the impact is not that great.
3. Cause potential safety hazard. Credit card information is sometimes obtained by criminals. They can use the same credit card and then activate it to steal it. Without your knowledge, it is often easy to cause economic losses. It can be seen that the consequences of not activating the credit card are still very serious.
When the credit card expires, you can apply for a new card from the issuing bank. -After the general credit card expires, the cardholder should immediately contact the issuing bank and ask for a new credit card, because the credit card cannot be used again after it expires. After receiving a new credit card application, the bank will make and send a new credit card. After receiving a new credit card, the cardholder needs to go through the activation formalities at the service outlets of the issuing bank with the credit card, and destroy the old card at the same time. The above is what to do if the credit card expires.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).
On May 25th, 2002/KLOC-0, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.
How long will the credit card expire if it is not activated?
During the validity period of the credit card, the credit card is not activated and will not automatically expire.
The bank has no time limit for credit card activation. Credit cards can be activated and used at any time during the validity period. If it is not activated after the validity period, the card will be cancelled and invalid. Credit cards are usually valid for 3 to 5 years, marked on the front of the credit card, as long as they can be activated before that.
After the credit card application is successfully approved, even if the card is not opened, the approval time and specific amount of this card will be displayed in the personal credit report, and the words "This card is not activated" will be displayed. Although it is not a bad credit record, if there are too many "inactive" records, it may affect the success rate and amount of credit applications in the future, because the financial institutions that review your credit information will think that you lack the demand for loans.
Extended data:
Because the credit card application is approved by post, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from being stolen, credit cards have card opening procedures before they are officially opened.
Card opening is mainly through telephone or internet. , check the relevant personal information provided at the time of application, and go through the card opening procedures after meeting the requirements. At this time, the applicant becomes the cardholder and can officially start using it after signing on the back of the card. After a credit card is opened, it is generally necessary to set a password for the card.
After accepting a credit card, a credit card merchant or bank shall review the validity of the credit card and the identity of the cardholder.
References:
Credit card-Baidu encyclopedia
This concludes the introduction of how long the credit card will be cancelled and how long it will be cancelled. I wonder if you have found the information you need?