If the credit card debt is not repaid in time, and the debt is owed for a long time, and the credit card is not repaid, the card will be canceled: if you pay off the debt, the card will be canceled and the credit limit will be reduced.

If you use a credit card and are suspected of cashing out, you will be disqualified from using the card: If you pay off the outstanding balance, you will be able to cancel the card use and your credit limit will be reduced.

If you lend your credit card to others and your card qualification is cancelled: explain the situation to the bank, and you will not lend your card to others for use in the future. Your card qualification will be cancelled, and your credit limit will not be reduced.

Extended information:

Closing a credit card account must be done if you do not intend to continue using the credit card. If the account is not closed, the bank will charge the annual credit card fee annually.

As long as there is no overdraft on the card, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first and go to the bank to cancel the account after a certain number of days; if the card has expired and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. Account procedures.

When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

If your card has not expired when canceling a credit card account, some banks stipulate that you need to go to a designated outlet to handle the card collection business, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days) .

This is mainly because if the cardholder has made a manual card pressing transaction before canceling the account, the cardholder has already canceled the account before the merchant has submitted the card pressing slip to the bank for entry into the account. , so the bank will not be able to liquidate normally; on the other hand, if the cardholder consumes or withdraws cash overseas, it may take a few days to be liquidated. If the account is closed immediately, it will also affect the normal liquidation of the bank.

Baidu Encyclopedia—Credit Card