The process of canceling a credit card is very convenient and can be operated directly through the mobile phone. Just call the customer service hotline of the card-issuing bank and indicate your wish to cancel to the customer service staff, and they will accept and process your application. After applying for cancellation, the bank will deduct the annual fees of all cards under your account to ensure that the account balance is zero or you explicitly give up the remaining deposits.

Credit cards are mainly divided into credit cards and quasi-credit cards. The characteristic of credit cards is that the cardholder has a credit limit and can consume first and then repay. There is usually an interest-free repayment period and Support independent installment repayment. Quasi-credit cards require cardholders to deposit a portion of the reserve fund in advance. When the reserve fund is insufficient, they can overdraw within a certain credit limit. In daily use, credit card is usually referred to as credit card alone because it is more common in the international payment field, such as VISA, MasterCard, JCB, etc.

As a rapidly developing financial business, credit card is not only an electronic currency, but also integrates payment and credit functions. Users can conveniently shop and enjoy the convenience of cash-free payment, and at the same time, they can also obtain a certain level of loans through credit cards. It is an innovative product that combines financial services with advanced technology. It can reduce the use of cash, simplify the collection process, promote product sales, improve shopping safety, save social labor and stimulate consumer demand.