How to deactivate a credit card

To apply for deactivation of a credit card, you can apply over the phone or go to the business office to apply for deactivation.

Canceling a bank credit card by phone:

(1) The principal card holder must apply for cancellation of the main credit card, while the supplementary card can be canceled by the principal cardholder. The application can also be made by the supplementary cardholder.

(2) If there is a secondary card attached to the account, after the user cancels the credit card, the secondary card will also be cancelled.

(3) When applying for a credit card, users who have paid a deposit should first go to the card issuer's outlet to release the pledge, and then cancel the credit card.

(4) If the user makes a deposit transaction within 30 days from account cancellation to official account cancellation settlement, the user needs to bring the ID card used when applying for the card to the card-issuing business outlet to complete the account cancellation settlement procedures.

(5) After the credit card is successfully canceled, the user needs to destroy the unused credit card by himself. The destruction methods include: cutting corners, drilling holes and other methods that can damage the magnetic stripe.

How to deactivate the card at a bank branch: You need to bring your ID card and credit card to a nearby bank branch to cancel the credit card.

How to cancel a credit card when it is no longer in use

If the user no longer uses the credit card, there are two ways to cancel: 1. Call the customer service hotline to cancel. We can cancel our credit card by calling the 24-hour hotline on the credit card. Of course, when we call to cancel the card, we must pay off the previous balance on the credit card.

2. Go to the bank counter to cancel the card. We can hold our own ID card and credit card and go to the local bank to cancel it. When canceling, be sure not to have arrears or excess deposits, otherwise the cancellation will not be possible.

Notes on credit card cancellation: (1) When canceling a credit card, while paying off the debt, you also need to reach the number of card swipes specified by the bank that year. This is to prevent the annual fee from being deducted without our knowledge during the process of canceling the credit card, resulting in credit card debt.

(2) When we apply for credit card cancellation, there will be a settlement period of about 45 days. During this period, users must not swipe their cards for consumption. It is enough for us to guarantee that there is no outstanding debt. Because if you swipe the card again during the settlement period, the card cancellation may fail.

How to cancel a credit card if you no longer want to use it

If you no longer want to use a credit card, the user can choose to cancel the card or cancel the account. If the user only has one card under a certain bank's name, he or she can directly cancel the account because the next time he applies for a credit card, he can enjoy the benefits of a new user. If a user has multiple credit cards under the bank's name, a single credit card can only be used to cancel the card.

Users can cancel the card by directly calling the bank’s customer service hotline without going to the bank counter in person. There is a 45-day risk period after applying for cancellation, and the cancellation is considered successful on the 46th day.

Extended information:

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back.

Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with the merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards as stipulated in the relevant laws of our country refer to electronic payment cards issued by commercial banks or other financial institutions that have all or part of the functions of consumer payment, credit loans, transfer settlement, cash deposits and withdrawals, etc.

On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit.

The credit card generally refers to a credit card.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

The main features of credit cards:

①Credit cards are one of the fastest growing financial services today. They are an electronic currency that can replace traditional cash circulation within a certain range;

②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

③Credit cards are high-tech products that integrate financial services and computer technology.

④Credit cards can reduce the use of cash;

⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

⑥Credit cards can simplify collection Reduce payment procedures and save social labor;

⑦Credit cards can promote product sales and meet social needs.

How to suspend the use of a credit card

1. Suspended situation 1: The bank suspects that the credit card has abnormal consumption transactions and may be attacked by hackers or other criminals. For the sake of the cardholder's safety, Safe, the bank has frozen the credit card.

2. Suspended situation 2: The credit card has been overdue for more than three months, and the issuing bank has the right to unilaterally suspend the credit card.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card.

This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card.

The gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

How to cancel a credit card

There are two ways to cancel a credit card:

1. Cancel the card at an outlet and apply at a bank outlet with your credit card and ID card. Cancel the card.

2. Call the bank’s customer service number to cancel the card. Remember to cut the card after canceling it.

Credit cards can be canceled under the following circumstances:

1. The applicant does not receive the credit card. The applicant has just applied online, and the bank has not yet rushed to send the card or apply through agency channels. The salesperson did not submit the information. At this time, the cardholder can call the customer service center of the card issuer to cancel the credit card application. In this case, canceling the credit card has basically no impact on the individual.

2. The applicant has received an invalid credit card. For newly applied credit cards, if it has not been activated, there is no need to cancel the card. The general activation period is one year from the date of issue. If not activated for a specified period of time, the credit card will automatically expire.

3. Credit card in use. You must be prepared before canceling your credit card. First, you need to pay off any balance you owe on your credit card. If you save more money, you should also spend it. Make sure there is no more than a penny in your credit card account, and then call the customer service number according to the voice prompts to manually apply to cancel the credit card reservation. After the next billing date, if your account is flat, i.e. not much, not much, then your credit card can be canceled. Or you can cancel at the counter and bring the necessary documents, ID, credit card and cash. Explain the situation truthfully to staff.

Main functions of credit cards:

1. Credit cards are one of the fastest growing financial services. It is an electronic currency that can replace traditional cash flow to a certain extent;

2. Credit card has both payment and credit functions. Cardholders can purchase goods or enjoy services, or use credit cards to obtain certain loans from card issuers;

3. Credit cards are high-tech products that combine financial services with computer technology.

4. Credit cards can reduce the use of cash and money;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards can simplify payment procedures and save social labor;

7. Credit cards can promote product sales and social demand.

That’s it for the introduction of how to stop using a credit card.