Credit cards can only be canceled after all the outstanding balances have been paid. As long as there are outstanding balances, the user's application for cancellation will be rejected by the bank. Therefore, users need to ensure that all outstanding balances on the credit card have been paid off, so that no other charges will be incurred during the 45-day risk period after applying for cancellation, and the credit card will be canceled successfully on the 46th day.

Credit card cancellation is divided into account cancellation and card cancellation. A canceled card cannot be restored, but a canceled card can be restored within a certain period of time.

Many people think that if they want to stop using a credit card and close the corresponding functions and charge fees promptly, they only need to cancel the card. But in fact, canceling a card is not canceling an account, and the difference between the two will directly affect the use of the credit card. Card cancellation means canceling the reserved account bound to the bank card you hold, while account cancellation means canceling your personal bank account. And when the cardholder has no other cards in the bank, the best thing is to cancel the account.

First of all, this is for security reasons. We all know that the cardholder’s personal information and consumption records are stored in the magnetic stripe of the credit card. Card cancellation only invalidates the magnetic stripe on the credit card. The personal information associated with the bank account is still stored in it. If criminals obtain the magnetic strip, they can use special means to obtain the personal information in the magnetic strip. The consequences of this will be endless.

The most likely situation is that personal information is transferred to a forged new card to make unreasonable purchases, and the bills for these purchases will be mapped to the bank account of the original cardholder. Therefore, unused credit cards must be properly disposed of or saved. If you no longer need to use other credit cards from the bank, it is recommended to close the account directly.

Secondly, for the sake of discount, it is also a good choice to cancel the account. As we all know, most banks have considerable preferential policies for new users. If you only cancel the card, the user's account still exists in the bank, and the user is not considered a new user to the bank. Therefore, when you apply for a credit card from the same bank next time, you will naturally not be able to enjoy the bank's new customer benefits.

But if you cancel your account, the bank will automatically recognize you as a new user six months later. At this time, if you handle related business, you will be able to enjoy the new user discount. Moreover, most banks have almost no cost to apply for new users and cancel accounts. Even if they do, the benefits of three or four yuan for new users are nothing compared to them.

Correct card cancellation process:

People who frequently change credit cards must master the correct card cancellation process. This is not only for benefits and discounts, but also for the security of personal information. consider. In addition, you must make all the preparations beforehand, because currently due to security issues, banks will not launch complete online account cancellation services in recent years. You must bring your ID and go to the local branch to take photos, etc. Identity confirmation.

If you have not prepared well before the departure, you will have to go back home and go to the branch again, which will be even more troublesome. Therefore, the following steps and precautions are worthy of attention by users who need to cancel their cards and accounts.

1. Cardholders can go to the corresponding bank to apply for credit card cancellation, or they can apply for credit card cancellation by calling the bank’s dedicated phone line. However, the online phone service does not include account cancellation. It is recommended that if you do not If you plan to use another card from another bank, you should go to the bank in person to cancel the account, and bring your ID card and other documents with you.

2. When applying to the bank to cancel a card, you must ensure that all balances in the card are 0. On the one hand, there should be no unpaid debts, and on the other hand, there should be no deposit balance. In any case, the card cannot be canceled smoothly. In serious cases, it may even affect the bank's assessment of personal creditworthiness, which will have a certain negative impact on subsequent applications for new cards or loan services.

3. Banks generally have a certain period of judgment after receiving an application for card cancellation, and will verify within a certain period of time whether there are unpaid balances or overpayments on the credit card held. This period of time is basically one month to one and a half months. Users do not have to worry about problems such as failure to cancel the card or account due to waiting for too long.

4. Finally, due to the security issues discussed above, it is recommended that users process the credit card entity in a timely manner after the normal card cancellation procedure to ensure that the magnetic stripe is invalid and not exploited. For us ordinary users, the easiest thing is to cut the magnetic strip.