After the HSBC credit card expires, it can only be automatically cancelled after the record expires:
1. After the credit card is overdue, you must first pay off the arrears.
Once HSBC's credit card is overdue, it is recommended to pay off the arrears in one lump sum. The sooner you pay off the arrears, the sooner your overdue record will be refreshed.
It's best to continue to use credit cards and pay attention to repayment on time.
Credit card overdue records are kept in the central bank's credit information system and cannot be eliminated artificially. However, when the bank examines the application for credit business, the credit record only shows the credit status of nearly 24 months. So the credit stain can be refreshed after two years.
Therefore, the cardholder should continue to use the card for at least two years after overdue repayment, and keep a good repayment record of the card within two years. Good repayment records will be kept instead of old ones, which is a more reasonable way to "eliminate" overdue records.
3. Credit card overdue records are generally kept for five years.
The central bank stipulates that the retrospective time of personal credit records is valid for 5 years, and it will be automatically eliminated after the expiration, but only if the cardholder pays off the arrears.
In reality, many people think that if a credit card has a bad record of overdue repayment, the bad record will be cancelled after the money is paid. This idea is wrong. If the card is cancelled, the overdue bad records will be kept permanently, which is the most undesirable.
To sum up, the overdue records of credit cards have a certain storage time, and cardholders must repay in time after discovering the overdue records.