Introduction to the credit card cancellation process and the need to cut the card after cancellation

After applying for a credit card, an annual fee is required, and the annual fee is generally higher than that of a debit card, the higher the level. The credit card has a higher annual fee. After some friends applied for a credit card, they no longer wanted to use it and had to cancel it. This article will introduce you to the credit card cancellation process. Take care. Some friends also have questions: Do I need to cut the card after canceling it? Let’s go and see it together.

How to cancel a credit card

There are two main ways to cancel a credit card, one is to cancel by phone, and the other is to cancel at the bank counter. The procedures for the two cancellation methods are as follows:

Telephone cancellation: After paying off the credit card balance, you can call to cancel. However, it is best to make enough annual fee-free payments before canceling, otherwise you will not be able to cancel when canceling. The annual fee will be paid, and after everything is confirmed, you can call directly to cancel. The customer service may persuade you to stay, but as long as we insist on canceling, we will still handle it.

Cancellation at the bank counter: You must bring your ID card, application form, and credit card to be canceled. The bank staff will tell us the specific steps, just follow the instructions.

What needs to be noted here is: after submitting an application to cancel the card, the bank will accept it as a pre-cancellation card. After the card is canceled, the credit card can no longer be used. If there are new accounts payable within 45 days, it will still be issued. Bills require you to pay them back on time. After 45 days of card cancellation, if the account has no outstanding balance or overflow deposit, the system will automatically cancel the account without any procedures.

I would like to remind everyone that after you apply to cancel your credit card, when the bank accepts it, it will be a pre-cancelled card. Although the card can no longer be used after cancellation, the credit card account has not been closed, so if If there is a new account payable within 45 days, you need to repay it. 45 days after the bank cancels the card, your credit card account will be automatically closed if there is no problem at all. This completes the entire process of canceling the credit card.

After 45 days, you can check whether the credit card cancellation has been completed. In addition, if your credit card has a magnetic stripe, remember to cut the card, because even if you cancel it, your credit card will still have your magnetic stripe. information remains on it.

Does the card have to be cut on the day of cancellation?

Yes, the card must be cut.

This is because personal information will remain in the magnetic stripe of a credit card. If such a credit card is not deducted after cancellation, it is very likely that personal information will be leaked and the card will be leaked. The credit card that has been canceled or the credit card that is still in use has been stolen by someone else.

You must do two things before canceling the card. First, make sure that there are no arrears or overpayments on the credit card. If there is any arrears, pay all the arrears. If there are overpayments, you can withdraw cash through Take it out or swipe it away;

Secondly, use up the points in the credit card to avoid wasting the hard-earned points. You can use the points to redeem gifts at the credit card mall, or You can also give it to others.

Extended information:

When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to handle the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

If the card has not expired when canceling a credit card account, some banks stipulate that you need to go to a designated outlet to handle the card collection business, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days). This is mainly because if the cardholder has made a manual card pressing transaction before canceling the account, the cardholder has already canceled the account before the merchant has submitted the card pressing form to the bank for entry into the account.

Baidu Encyclopedia-Cancellation

Do I need to cut the credit card after canceling it?

Credit cards carry very detailed personal data and information of the cardholder, such as name, bank card, ID card, etc., so even if they are canceled, they need to be handled with caution. Many people are concerned about the cancellation of their credit cards. There is a lot of confusion about whether the card cutting operation is necessary. Let’s take a look at the detailed introduction below.

1. Canceling a credit card is equivalent to freezing the card, but the cardholder is best not to throw the card away after canceling the card, because the information on the magnetic strip is easily lost, so the cardholder should cut it off The magnetic stripe on the back of the credit card can completely invalidate the card. Otherwise, any security issues that occur after the credit card is cancelled, all losses will be borne by the cardholder.

2. Within 45 days after canceling the credit card, you need to check again whether the cancellation has been completed. You can call the bank staff.

3. After a credit card is canceled, personal information will remain in the magnetic stripe. If it is lost or stolen, the personal information may be leaked and the canceled credit card may be lost. Or the credit card you are still using has been stolen by someone else.

4. Pay attention to protecting your credit card. If the card is canceled, destroy the card. If your credit card is lost, report the loss as soon as possible and consult the bank service personnel.

The above is what I found for you about whether you need to cut the credit card after canceling it. I hope it can help you.

How to cut the canceled credit card?

The magnetic strip is the top of the back, a rectangular frame, usually black, just cut it off

How to cancel a CCB credit card

Can you cancel a CCB credit card? Find the dedicated hotline (400-820-0588) on your credit card and dial it. After calling, you can handle the card cancellation business. Of course, you can also go to an offline outlet to handle it yourself. The specific cancellation process is as follows:

1. Bring your ID card to the bank counter and go through the card cancellation procedures.

2. Bank customer service staff will verify your personal information and account information, and ask you to fill in the cancellation application form;

3. Complete the cancellation application form and sign a cancellation agreement with the bank , and take photos and archive them;

4. You need to sign and confirm on the bank cancellation registration form;

5. After the staff verifies your identity, you will cut the card in person.

Extended information

1. Do I need to cancel the credit card if it is not activated?

No need to cancel.

According to the relevant regulatory policies of the central bank, banks cannot charge fees for unactivated credit cards, including annual fees, card swiping fees, SMS notification fees, etc. These fees cannot be charged, so even if the credit card is not activated, It won't have any impact, so you don't need to log out.

But when you look at your credit record, these unactivated credit cards will be displayed in the information card column, but these unactivated credit cards are generally not viewed, so they have no impact.

2. Can military personnel apply for credit cards?

First of all, military personnel can apply for credit cards, and banks will give you priority, but it still depends on your overall score. There are many types of soldiers, such as active duty soldiers, professional soldiers and conscripts.

If you are an active military member or a professional military member, you can generally apply for a credit card with a good credit limit. Because conscripts do not have a fixed occupation and income, the credit limit may not be that high when you apply for a credit card. However, as long as you provide as much proof of financial resources as possible when applying, your credit limit will not be too low.

You can apply for a credit card through the counter, business outlets, or online application.

3. How to withdraw cash with a credit card

Generally, banks grant applicants a credit limit of 5,000 yuan, a cash advance limit of 2,500 yuan, and a consumption overdraft limit of 2,500 yuan, which can be withdrawn at a teller machine.

How to use the teller machine:

1. Insert the bank card correctly;

2. Enter the card password;

3. Query first Account balance; (can be checked or not)

4. Press the cash withdrawal column, enter the withdrawal amount, and confirm;

5. The teller machine dispenses money and counts the cash on the spot;

6. After the count is correct, you can check the balance (you can check it or not);

7. Print the transaction voucher (you can print it or not);

8. Press to exit button to retrieve the bank card.

That’s it for the introduction of how to cut credit cards.