Credit cards will be automatically canceled if they are not used for 5 to 8 years. Because credit cards have a time limit (validity), usually 5 to 8 years, the credit card may be automatically canceled when it expires. Under normal circumstances, credit cards will not be automatically canceled.

Credit card related regulations:

1. After completing the payment, confirm that the credit card returned by the cashier is indeed your own card, and keep the stub copy of the purchase order properly for verification with the bill. And provide a basis for handling possible disputes;

At the same time, mobile banking will display the customer number to confirm the identity after the customer logs in to avoid phishing. The bank also separates the mobile banking login password and payment password to set up two safety nets for transactions. In addition, when the query password set by the user is too simple, the system will automatically prompt the user to change the password.

2. Other banks’ mobile banking also have their own unique strategies in terms of risk prevention. For example, when transferring money through ICBC’s mobile banking, a dynamic password card is required in addition to the password; while the account number of the user of China Merchants Bank’s mobile banking only needs Partial screen display can reduce the risk of account leakage due to the use of mobile phones in public places or theft of mobile phones.

3. Cash advance For overseas transactions, we will convert the transaction amount into foreign currency according to the exchange rate specified by international organizations, and charge corresponding handling fees. Some overseas banks may charge additional fees.

4. Banks can first transfer some simple services to self-service on mobile phones, such as account inquiries. According to statistics from the American Banking Association, the overall cost for users to go to the bank to receive services at the counter is US$2.7, while the cost is reduced to 1/4 through the teller machine. The cost of independent services through mobile phones is only 1/20 of the counter service.

5. When purchasing goods or services that can provide installment payment from the installment payment cooperative merchants designated by Bank of China, after selecting the installment payment business model, the merchant's cashier will proceed according to the installment payment business rules of Bank of China. Related card swiping operations. The specific installment rules are subject to the announcement issued by the merchant.

6. Long-term adjustment of credit limit: There is no need to actively apply for a long-term increase in credit limit. Cards that meet the conditions for increase will be actively increased on a regular basis.

7. In principle, users within the agreement period are not allowed to cancel their accounts.

8. Users must settle the overdue arrears, current arrears, and this month’s real-time phone bills for all user numbers under the same customer before they can handle the account cancellation business.