Death is unlikely to offset debt, but there are two situations. One is the cardholder's death, and the other is the cardholder's incapacity or inability to work, so he can apply for relief of the huge debts owed by the credit card. For credit card debt, you can apply to the bank for partial fee reduction in both cases, but the success of the application still depends on your own efforts.

In addition to the above two special circumstances, if the cardholder dies normally or accidentally, the huge debt owed must be repaid. After the death of the cardholder, all his property will be regarded as priority inheritance. As long as someone inherits his inheritance, he must take out part of it to pay off his previous debts.

If all his property is less than the debt he owed before his death, the bank will auction the corresponding property if the heir gives up his inheritance right at this time. If the money allocated by auction still cannot repay the debt owed by the credit card, the bank will include the outstanding money in the proportion of non-performing loans, which is an irrecoverable debt.

Judging from the rate of non-performing loans disclosed in the annual reports of major banks, the number of such incidents is very small, and generally speaking, banks will assess the corresponding risks when issuing credit card applications to you, which is what we often call bank risk control. The bank will not give you a credit card with an overdraft limit of up to 1 million for no reason.