Users are usually advised to cancel, because unless the credit card is free of the annual fee for life, it is necessary to swipe the card to reduce the annual fee, and users will be charged the annual fee if they don't use the credit card. After the credit card is paid off, if you need to use it in the future, you don't need to cancel it. After repayment, users can cancel their business without a credit card in the future. In short, whether to cancel the credit card depends on whether the user wants to use the card in the future, and can cancel it as soon as possible without a card.
1. Since some credit cards can't avoid the annual fee for life, if they are not used in the future, the annual fee will be charged as usual. If these cards are no longer needed, they must be cancelled as soon as possible. Pay off the debt after the deadline and continue to use it. This previous record will be overwritten with the passage of time, and the previous overdue record will be kept for up to 5 years, so you must not cancel the card after paying it off. After the credit card is overdue, it will leave a record on your credit report. One is the column of debt credit, which mainly records your credit card and overdue amount. And how long it is overdue, etc. It will also be displayed in the account information behind the credit report, and there will also be a record of your overdue repayment in the repayment record. If you cancel your credit card, the overdue record will only be kept for 5 years, and then it will disappear.
Second, but the repayment record will be kept until the time node of 5 years. If your overdue time is less than five years, the overdue amount and time of your repayment record will not disappear, so that banks or financial institutions can see a series of bad repayments and overdue situations when reviewing credit information. Therefore, the cancellation of credit card will have a certain impact on your future credibility. No matter whether you apply for mortgage or car loan in the future, it is not easy to pass the examination. Therefore, although the credit card is overdue, it must be returned. Try not to cancel the credit card after paying it off. Let me tell you a more correct method. First of all, no matter what reason the credit card is overdue, we must control the time node and not overdue for too long. Although there is not much money in hand, there must be one or more repayment records every month. Even if the amount is not large, continue to use the card as a deposit after paying off the arrears.