What are the consequences of not using a credit card for a long time?

1. If the credit card is not used for a long time and there is no consumption record, the bank will re-evaluate the credit card and reduce the credit limit. 2. If the credit card is not used for a long time and the credit card is not canceled or reported as lost, the bank will automatically deduct the annual fee of the credit card. 3. In the credit report, there are detailed records about the credit card, such as whether the credit card is activated and whether it is overdue. If the annual fee is deducted from the credit card but is not repaid in time, it will affect the user's credit record and affect the user's future prospects. Loan and credit card applications.

Are there any consequences if you apply for a credit card but don’t use it?

The consequences of applying for a credit card but not using it are: First, there will be an annual fee. If you open a credit card and don’t use it, the annual fee will be charged. It must be paid. If you forget to pay it, it will form an overdraft, which will lead to overdue payment; secondly, it will be reflected in the personal credit report, which may affect the cardholder when applying for a mortgage or other credit services, so it is not It is recommended to cancel the credit card used in time.

The difference between credit card and debit card

The following are the differences between the two cards: 1. Credit card is a consumer credit product, which requires consumption first and repayment later. Debit cards are deposited first and then used; 2. Credit cards can be overdrafted, but debit cards cannot be overdrafted; 3. Credit cards have a revolving credit limit, but debit cards do not have a revolving credit limit ( Revolving credit refers to the limit that the bank has approved for the cardholder. The cardholder does not need to repay the balance in full if he uses it within the limit. He only needs to pay the minimum repayment amount specified to maintain good credit. If the credit record is established, the cardholder's credit limit can be used again); 4. If the credit card holder needs to repay the full amount before the final repayment date, the shopping consumption may enjoy an interest-free repayment period; 5. Credit card deposits do not accrue interest, while debit card deposits accrue interest based on the savings interest rate; 6. Credit cards are asset businesses, while debit cards are liability businesses; 7. The issuance of credit cards must meet relevant conditions (such as The situation of the work unit, assessment of repayment ability and review of personal credit record, etc.), while debit cards only require an ID card; 8. Credit cards have anti-counterfeiting logos and UnionPay logos, while debit cards only require UnionPay logo.

Consequences of overdue loans

1. Penalty interest: When signing a loan contract, some relevant provisions will generally be made for overdue loans. Overdue loans will generally result in penalty interest. Financial Different institutions have different amounts of penalty interest and interest generated. However, as an expense that should not be incurred, it is best not to incur it.

2. Credit stain: This cannot be underestimated. Once the loan is overdue, the bank will report your overdue record to the central bank's credit reporting system. Once the record is generated, it will leave a stain on your personal credit report. This small stain will cause great resistance to your future loans or credit card applications, so borrowers must not lose big for the small.

3. Unable to enjoy preferential loan interest rates: We all know that when applying for a loan at a bank, loan interest rates will fluctuate to varying degrees. High-quality customers can usually get the lowest loan interest rates. However, Users with past loan overdue records will not be able to enjoy interest rate discounts even if they are able to apply for a loan.

4. If it is overdue, it will have different effects on your credit report depending on the length of time. A credit report that is seriously overdue (more than 90 days) will become a black account. You will not be able to apply for any loan business before the overdue repayment. Overdue fees will also incur additional fees such as liquidated damages and overdue interest. Long-term overdue payments will eventually lead to interest rates greater than Principal matters are also very common, so please treat it with caution.

Will there be any impact if I apply for a credit card and don’t use it?

Generally speaking, if the credit card is not activated and used after application, it will not affect your personal credit, and no annual fee will be charged. However, if If the credit card you apply for is a high-end card or a customized card, annual fees may be incurred even if you do not use it. If you are not careful, the annual fees may be overdue, thus affecting your personal credit.

Having applied for a credit card and not using it will have the following main impacts:

1. Annual fee

Banks are not allowed to charge cardholders before activating the use of the credit card. Cardholders are charged annual fees, but for some platinum cards with higher levels of banks, annual fees may be charged even if they are not activated. Therefore, if the user applies for a platinum card, he or she will also need to pay the annual credit card fee without activation, which is very likely. Overdue behavior due to annual credit card fees;

2. Unactivated credit cards are at risk of fraud

If the credit card holder does not activate the credit card, it may be used by criminals Purchasing personal information online, forging ID cards, and using loopholes in bank customer service to activate credit cards, thereby stealing credit cards and causing financial losses to cardholders;

3. Applying for a card again will result in rejection

If a user applies for a credit card from a certain bank, but does not activate it for a long time, and later applies for a credit card from the same bank, the bank will query the user's credit card information from the credit report and may not activate it. It is considered that the user does not particularly need a credit card and the user's application is rejected.

What will happen if you apply for a credit card and never use it?

If the credit card has not been activated, it will be automatically canceled after the expiration date of the card. If you activate your credit card and never use it, it may be frozen, but it will not be cancelled. You need to call the bank customer service yourself to cancel the card. And credit cards have annual fees. Most of the annual fee exemptions require transactions. If you don't use it, you will incur the credit card annual fee.

: 1. Affect personal credit. This is mainly caused by annual fees being charged on credit cards. The fees include two aspects. One is the cost of payment for special cards, and the other is the rigid annual fee for high-end cards. These will be directly deducted from the credit card limit regardless of whether the card is opened or used, and will be included in the latest payment. One installment of the bill. At this time, everyone must repay the loan in full and on time, otherwise it will be overdue and personal credit will be damaged.

2. It affects the card use experience. If the credit card is not used after it is applied for, and there is no transaction record for more than 6 months, it will be easily controlled by the bank, and you may no longer be able to use the card to make purchases or withdraw cash. At this time, the card is in a semi-dead state. If you want to resume use, you can apply to the bank for reactivation.

3. It is difficult to raise the amount. Many people think that if the card is not used frequently, the bank will take the initiative to increase the credit limit for the user's consumption. In fact, this situation is very rare. On the contrary, if you do not use the card frequently, it will be particularly difficult to increase the limit. After all, the bank conducts a comprehensive assessment based on the user's credit conditions and card usage. If the card is not used, the bank will think that the cardholder has no need and give Excessively high amounts are also a waste.

4. Easily derated. Many banks will do this. For example, China CITIC Bank has previously issued an announcement that credit cards that have not generated any transaction records for more than 6 months will take reduction measures.

In addition to the effects introduced above, there is also the risk of credit card fraud if you never use it. Therefore, if you really don’t want to use the card, in order to avoid risks, it is recommended to cancel it as soon as possible.

Due to the existence of "multi-credit credit", it is recommended that those who plan to apply for multiple credit cards pay attention to the order in which they apply. "Multiple credit extension" means that some banks will refuse to apply for credit cards from customers with too many banks, such as China Construction Bank and Agricultural Bank of China.

ICBC and Bank of China are special. Some provinces ignore multiple banks, and some provinces restrict multiple banks. There are no fixed rules to follow.

In addition, banks such as China Merchants Bank, China Agriculture Bank, and Guangfa Bank raise credit limits quickly, and early processing will be helpful for subsequent credit limit increases.

In addition, the credit cards of Industrial and Commercial Bank of China and China Merchants Bank are relatively highly recognized in the industry, and you can apply for credit cards from other banks in the "card-by-card" method; only with a reasonable order of card application can you ensure the validity of the credit card. Maximum amount.

The general suggestions for applying for credit cards are as follows:

1. Give priority to applying for a credit card from a payroll processing bank to ensure a high initial limit;

2. Then apply for industrial and commercial, Bank cards for investment, agriculture, construction, etc., to build recognition or avoid not purchasing the card later;

3. If a card with too low a limit appears at this time, the account should be canceled directly to avoid affecting the card limit of other banks;

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The most important thing is that the above order is for reference only. You still have to determine the order of card application according to your own situation. At the same time, do not blindly apply for a card or apply for a card just when you see it.

What will happen if you open a credit card and never use it?

There will be an annual fee. The annual fee is a necessary fee for a credit card. Except for those credit cards that are free of annual fees within the validity period specified by the bank, most ordinary credit cards can reduce the annual fee by swiping the card. Therefore, if a credit card is activated and not used, the annual fee will be deducted from the credit card limit. Will affect credit. If the number of card swipes is not enough after activation, the annual fee will be deducted and the cardholder fails to repay in time, which will result in overdue payment. Being overdue has many consequences, the most important of which is that it affects the cardholder's credit. will affect the amount. Many credit card friends have credit card limits that are too low. Once activated it is no longer needed.

They think banks know they don’t use credit cards. In order to avoid losing customers, they will actively withdraw the credit card amount. While some banks may do this, most banks' withdrawals depend primarily on the cardholder's credit card usage. They use less and don’t withdraw money easily. Will affect the use of the card. Some banks control credit cards that have not been used for a long time. If there is no transaction record of the CCB credit card within 180 days from the date of activation, the CCB credit card will be subject to transaction control. The controlled credit card cannot be used for consumption or cashing, and can only handle over-the-counter services.

1. The impact of not using a credit card depends on the type of credit card you use, as follows: See if you have activated your credit card. If you have not activated it, this card type is not a credit card with a mandatory annual fee. Generally speaking, there will be no impact, at least not on personal credit. For example, some banks issue special credit cards that charge an annual fee, such as the high-end Platinum Card. Once a credit card is approved, the bank doesn't care if you open or activate them. The high annual fee will be charged as usual. If you are idle and do not pay attention to the bill, even if you do not usually use this card, the annual fee will be deducted from the credit card. First, once the annual fee is generated, it will also expire if the final repayment date is not repaid on time. Credit check records will be at risk.

2. In addition to affecting credit records, it may also affect the review of other credit card withdrawals. Therefore, I love this card. I suggest credit card friends that if they don’t plan to use a credit card, they must look at the easy card types in advance; secondly, if you don’t want to use it after getting the card, you should call to cancel the card or account, even if it is not activated, to avoid Cause trouble. If the credit card is not opened, it will not charge an annual fee. Credit card banks have inconsistent policies. Some do not offer special charges, so it is best to call customer service first to determine the type of charge.

3. If it is not opened and it is free, it is best to cut it or keep it properly. If it is not free and open, ask if you can close the account directly and cancel it when the time comes. If you need to swipe the card several times to avoid the annual fee in the first year, call to close the account after activation and swipe the card several times to repay it. Previously, the CBRC had document requirements. Unless the credit card is clearly marked when it is issued, the card issuer cannot charge an annual fee on an unused credit card. However, according to statistics, most of the platinum-level and above credit cards applied for by banking centers and Industrial Bank Credit Card Centers as well as some credit cards with special materials.

Let’s stop here to introduce what happens when you open a credit card and don’t use it.