1. What are the precautions for cardholders after the credit card expires?
Contact the issuing bank one month in advance and ask for a new card, otherwise the card will not be used when it expires. It takes time for banks to make and send new cards, so it is better to replace them in advance. The old card can still be used after the credit card expires successfully, and the old card will be invalid after the credit card expires or the new card is activated. So activate the new card in time. Cardholders can activate their credit cards through telephone activation, official website activation and online banking activation. Old cards may still be stolen. During the insurance period, after the new card is activated, the old card needs to be cut and destroyed in time. The validity period of credit cards is also set, because the longer the validity period, the greater the probability of being stolen and the higher the risk.
Second, what will happen after the credit card is deactivated?
Many people think that as long as they don't open a credit card, there will be no problem, but this is not the case. If you don't open a credit card, the annual fee will be involved first. Most credit cards do not charge an annual fee if they are not activated, but there are also a few special credit cards and senior credit cards that still charge an annual fee if they are not activated. Once you have an annual fee but don't know it, it's easy to be overdue, and you will have to charge interest and liquidated damages for the annual fee, and then the profits will roll up. Overdue repayment will also affect your personal credit report and have a bad record, so it may limit your application for mortgage and car loan. Once the credit card is processed, whether it is activated or not will be reflected in the personal credit information system. When applying for a credit card in the future, the bank will make an inquiry. Too many inactive credit cards will affect the approval of new cards.
Finally, if the credit card is activated, the bank will not cancel it, and it will also be displayed in our credit information system. So we need to take the initiative to cancel the credit card after processing it. We can cancel the call from the customer service of the electric bank, or we can go to the bank outlet to handle it.