How to cancel a credit card after death

After the death of the credit card holder, if you want to cancel the account and cancel all the credit cards in the name of the card holder, you can do so by the card holder. The person's relatives should handle it.

1. Relatives of the cardholder can call the customer service hotline of the card-issuing bank, transfer to manual service, and apply to the customer service staff for account cancellation. First report the cardholder's identity information to the customer service staff, and then submit an account cancellation application. After verifying that the cardholder's identity information is correct, customer service staff will help cancel the account.

2. Relatives of the cardholder can bring the cardholder’s death certificate and credit card to the counter of the issuing bank’s business outlet to apply for account cancellation. After receiving the application form, fill it out, and then hand the completed form, death certificate, and card to the staff, who will help with the account cancellation procedures.

Extended information:

If there is an unpaid bill balance or excess overpayment in the credit card, there is no way to write it off. You must pay the card bill balance. The account must be paid off and the overpayment withdrawn before the account can be closed.

Telephone account cancellation

Telephone account cancellation refers to the business of terminating the product subscription agreement with the telecom operator after the user has settled the fees. There are two situations: active account cancellation and passive account cancellation.

Phone users who fail to register with their real names will be suspended or their accounts will be cancelled. From the date of shutdown, the mobile phone card will be canceled after 90 days, which is three months. In other words, if users do not register their real names within three months after the shutdown, their numbers will be automatically canceled.

1. Active account cancellation

Definition: Active account cancellation means that the user actively gives up the right to use the number and cancels the number used.

1. Business Rules

(1) When postpaid customers handle account cancellation, they should provide valid identity documents (if they entrust others to handle the process, the agent should submit valid ID documents for both the entrusting party and himself/herself at the same time. Original ID card; for corporate customers, they must present the company’s valid ID and their own valid ID).

(2) Account cancellation for users from other places is not allowed. If you are unable to handle it yourself, you can entrust someone else to handle it on your behalf, but you need to bring the original ID cards of the entruster and the entrusted person. If the account is not cancelled, resulting in the number being in arrears and then shutting down, the number holder will be blacklisted by the local business office.

(3) In principle, users within the agreement period are not allowed to cancel their accounts.

(4) Users must settle the overdue and current arrears of all user numbers under the same customer as well as the real-time phone bills of this month for the business number before they can handle the account cancellation business.

2. Passive account cancellation

Definition: Passive account cancellation means that the user passively gives up the right to use the number and passively cancels the number used.

Category: Passive account cancellation is divided into two types: post-paid passive account cancellation and pre-paid passive account cancellation.

1. Business Rules

(1) Postpaid users will be terminated if they are down for 90 days in arrears.

(2) The balance of the prepaid user account is less than or equal to zero or the validity period expires. If the user does not renew the recharge, the account will be canceled after 90 days (60 days for some brands).

2. Handling channels

The self-built business office of the telecom operator in the place where the number belongs

What happens to the credit card money when someone dies?

If a person dies, the money owed on the credit card needs to be repaid.

After the death of the cardholder, if there is any debt on the credit card, the immediate family members shall be responsible for repaying it. If the cardholder had property during his lifetime, it shall be repaid by his property. If there is an inheritance, the payment shall be made by the estate. The heir comes to return it.

According to the "Succession Law":

Article 33 The person who inherits the estate shall pay off the taxes and debts that the deceased should pay in accordance with the law. The taxes and debts paid by the deceased shall be paid by his estate. Actual value limited. This does not apply to the amount that exceeds the actual value of the estate and is voluntarily repaid by the heirs.

If the heir gives up the inheritance, he will not be liable for the taxes and debts that the deceased should pay according to law.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Main features

①Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;

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②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

③Credit cards are high-tech products that integrate financial services and computer technology.

④Credit cards can reduce the use of cash;

⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

⑥Credit cards can simplify collection Reduce payment procedures and save social labor;

⑦Credit cards can promote product sales and meet social needs.

Financial Management Strategy

1. Control the number of credit cards and only have enough.

Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered and it is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.

2. Keep the credit card receipts

Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. And many people do not set passwords on their credit cards. Discarding the credit card credentials at will may lead to theft of the credit card.

For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.

3. Reduce cash withdrawals

Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use or use it as a passbook.

4. Choose the right credit card

The choice of credit card is very important. Nowadays, many commercial institutions have bundled cooperation with banks. For example, you can apply for a joint credit card between a department store and the corresponding bank. With a credit card, you can spend points here as a member and get discounts; or some cards can provide discounts at designated merchants, including dining, movies, towing services, etc. There are various categories, and you can choose freely according to your own needs. Credit cards should be used wisely and chosen wisely.

5. Use your credit card as much as possible within the maximum limit for credit card consumption

Every credit card has a limit. If you use your card within this maximum limit, you are safe. So, within this controllable range, please swipe as many cards as possible. Because a credit card is like when you buy something, the bank will pay you first, so why not? Just pay it back to the bank on time on the repayment date. On the one hand, it is more convenient to consume, on the other hand, it can also accumulate credit, and the bank can also charge merchants fees from the amount of your credit card, which is a win-win situation.

6. Don’t repay until the repayment date

Use the last repayment date to earn more interest. After all, the money is placed in your own account, and the interest generated is also yours, so You should make full use of the opportunity of having money in your hands to make it generate more money. In addition, if you are unable to repay due to some special reasons on the repayment date, please call the bank's credit card customer service hotline to explain the situation and request a delay in repayment. 1 to 2 days, usually this situation will be allowed.

What to do with the credit card owed after someone dies

The first is if an older person dies suddenly, and when he dies, there is still a debt on his credit card . Then if he leaves an inheritance after his death, and his children or spouse want to inherit the inheritance, they must inherit his debts. In other words, the estate must give priority to repaying the debt. After the debt is repaid, the remaining portion will be left to the heirs for distribution. If the cardholder dies and there is no estate left and there is a debt on the credit card, then the debt on the credit card will be It will become a bad debt;

In the second case, if the cardholder dies suddenly and there is a debt on the credit card, the insurance company will first pay compensation. This is also relatively common.

When it comes to the use of credit cards, some people think that if an accident happens to them, they are not responsible anyway, so it is better to overdraft all the money in the credit card, which can be regarded as making money.

Normally, banks will take some precautions when issuing credit cards. For example, there are restrictions on the age of cardholders. According to our country's laws, the age for applying for a credit card must not exceed 65 years old. In other words, the maximum age of the person applying for a credit card is 65 years old. This provision is mainly intended to prevent the elderly who are at the highest risk.

Legal basis: Article 33 of the "Succession Law" stipulates: The inheritance of an estate shall pay off the taxes and debts that the deceased should pay according to law. The taxes and debts paid shall be limited to the actual value of his estate. . This does not apply to the amount that exceeds the actual value of the estate and is voluntarily repaid by the heirs. If the heir gives up the inheritance, he will not be liable for the taxes and debts that the deceased should pay according to law.

What to do if a person dies suddenly and owes a credit card

Don’t worry, because when customers apply for a credit card, the bank will apply for an accident insurance, which also prevents accidental losses. main means.

1. Under normal circumstances, banks will take some precautions when issuing credit cards. For example, there are restrictions on the age of cardholders. According to our country's laws, the age for applying for a credit card must not exceed 65 years old. In other words, the maximum age of the person applying for a credit card is 65 years old. This provision is mainly intended to prevent the elderly who are at the highest risk.

2. If an older person dies suddenly, and when he dies, there is still a debt on his credit card. Then if he leaves an inheritance after his death, and his children or spouse want to inherit the inheritance, they must inherit his debts. That is to say, the estate must give priority to repaying the debt. After the debt is repaid, the remaining part will be left to the heirs for distribution;

3. If the cardholder dies and there is no estate left, and there is a credit card in the credit card. If you are in debt, the debt in the credit card will become a bad debt;

4. If the cardholder dies suddenly and there is a debt in the credit card, the insurance company will first pay compensation. This is also relatively common. In fact, generally everyone does not need to worry about this kind of trouble. Because these situations rarely happen, and banks mainly prevent a small number of people who maliciously overdraft their credit cards.

1. A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

2. Credit cards stipulated in the relevant laws of our country ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

What should I do if the credit card is not paid back and the cardholder dies?

If the credit card is not paid back and the cardholder dies, the payment shall be repaid by the legal heir who inherits the estate, or by the spouse. If the legal heir does not inherit the inheritance, he does not need to repay the credit card debt. If the cardholder does not have a spouse or a legal heir to inherit the estate, the bank will not pursue the credit card debt from his relatives.

Bank regulations on death arrears are not comprehensive, and only some banks have relevant regulations on death arrears. Our country's "Succession Law of the People's Republic of China" and "Marriage Law of the People's Republic of China" have clear provisions on death arrears.

According to Article 33 of the "Succession Law of the People's Republic of China": The inheritance of the estate shall pay off the taxes and debts that the deceased should pay in accordance with the law. The actual value of the inheritance is limited. This does not apply to the amount that exceeds the actual value of the estate and is voluntarily repaid by the heirs. If the heir gives up the inheritance, he will not be liable for the taxes and debts that the deceased should pay according to law.

According to Article 19 of the "Marriage Law of the People's Republic of China": If a husband and wife agree that the property acquired during the marriage shall be owned by each other, the debts borne by either husband or wife shall be regarded as If the three parties are aware of the agreement, the payment shall be settled with the property owned by either husband or wife.

Since death debts involve many issues, cardholders should go to banks and law firms to consult specific matters.

This is the end of the introduction about what to do with credit cards after death and what to do with credit cards after death. I wonder if you found the information you need?