What does it mean to cancel a credit card account? Does it mean canceling a card/credit card?

Cancellation of a card and cancellation of an account are two different concepts. Canceling a card just means that the card is no longer used, but your information is still retained in the bank. In this case, some banks can directly restore the use of the credit card. You only need to make a phone call without re-applying.

But if it is to cancel the account, the premise is that the account can only be canceled after canceling the card, which means completely canceling the previous application information. If you need to apply for a card at this bank, you do not need to resubmit the application information. credit card.

What does canceling a card mean?

Canceling a card is like applying to a bank to cancel a bank card that you no longer want to use.

In addition to the regulations that there must be no arrears or balance when canceling a credit card, some banks also need to wait for more than 40 days of "clearance period" before canceling the card.

The method of canceling a credit card is as follows:

First, go to the bank counter to cancel the credit card. You must bring your ID card and the credit card you want to cancel, and go to the bank to fill out the account cancellation application form. Generally, banks will process the card cancellation business in about 45 days. If the credit card is used during this period, the account cancellation may be unsuccessful.

Second, cancel the phone card. Call the bank's credit card customer service center directly and ask the customer service to help cancel the card. If you ask the customer service to help cancel the card, you must be mentally prepared. Most credit card staff will advise you not to cancel the card. Some people who are not determined will easily cancel the plan. .

What is the difference between credit card cancellation and account cancellation?

Nowadays, with the increase in the number of credit cards issued and the changes in people’s consumption concepts, credit cards have been generally accepted by people. It is common for people to have several cards. Everyone knows that if you don’t use credit cards, There is an annual fee, and the annual fee is not cheap. Therefore, some idle credit cards will be canceled. So what is the difference between canceling a credit card and closing an account?

1. Different natures: Cancellation of a credit card, in fact, card cancellation, means that the use rights of the credit card you want to cancel are terminated. After the card is canceled, the card can no longer be used. Closing an account is not just as simple as stopping the use of your credit card. It means clearing all the information on your bank account. Once the account is closed, all the credit cards under your account will no longer be usable.

2. The situation of applying for a credit card is different: if a credit card is canceled, because your account information is still there, you can still re-apply for the canceled credit card in the future. However, because your account information is still there, you are an old customer of the bank and can no longer enjoy the benefits of new customers. If you cancel your credit card account, because all the account information has been cleared, you will be equivalent to a new customer when you apply again, and you can also enjoy the benefits of new customers again.

3. The risk of fraud is different: after canceling a credit card, the account information is still there, so if you do not cut off the magnetic stripe of the card after cancellation, once others know the magnetic stripe information, there will be Maybe reapply and then swipe your credit card. If you cancel your account, all your account information will be cleared, so the credit card will be completely invalid and will not be easily stolen by others.

The above is an introduction to the difference between credit card cancellation and account cancellation. I hope it can give you some reference.

What does it mean to cancel a credit card account?

It means delisting, which means the same thing as shutting down your mobile phone and canceling your account. Failure to close the account will incur annual fees and other charges. If the credit card is no longer in use, the account must be closed, otherwise I will bear all the consequences

What does canceling a credit card mean?

Canceling a credit card means canceling the credit card No, you need to call a major credit card center to cancel the card. After canceling, just cut the card.

Three aspects to pay attention to when canceling a credit card:

Cancellation of a credit card does not leave a "tail". Whether canceling a credit card through telephone banking or going to a bank counter, in addition to preparing relevant documents and cards, you must also You must ensure that there is no outstanding balance in the card. If the deposit amount is small and you no longer want it, you must explain it to the staff and ask them to clear it;

After canceling the credit card, you cannot throw it away. The canceled card still has There is a lot of personal information, and it can be used only when thrown away in some places, so it must not be thrown away. If there is no need for collection, the magnetic strip should be cut and handed over to the bank counter for special shredding.

If you want to be lazy, at least cut the magnetic strip into several sections;

Call to check the cancellation status after 46 days. Whether you cancel by phone or at the counter, you should call the bank after 46 days to check the cancellation status. After getting confirmation, Only then can the deregistration be truly successful.

That’s it for the introduction of credit card account cancellation.