however, there are the following reasons that will lead to the suspension of credit card use, but the consequences are relatively negative.
Remember to confirm the invalidation of credit cards if they expire
Although many credit card articles stipulate that credit cards should automatically expire after expiration, there are still some credit cards issued by banks that have not been stopped after expiration, which brings economic security risks to cardholders. It may be that the cards are abandoned and picked up by others for stealing, and it may also happen that "annual fees will continue to be generated" and "arrears will be caused by interest". In this case, it belongs to poor bank management, and the cardholder should pay the bill for the arrears caused by the expiration of the credit card.
Don't cancel your card yet if you have a bad credit record
Under normal circumstances, once the credit card is received and the cancellation procedures are completed, there will be no more expenses in the card. However, it is necessary to remind cardholders that the cancellation of accounts should not be "reckless".
usually, banks will check and keep the personal credit information of users within the last two years. If there are bad records before the account is closed, the information will always be in a top and prominent position, which is easy to be used as a reference by banks.
Loss reporting due to account freezing does not mean that there is no need to repay
The bad record caused by annual fee is the first record in principle, and it can be eliminated by applying for records. In addition, the freezing and loss reporting of accounts cannot be exempted conditions.