What are the consequences of applying for a credit card but not activating it?

Deactivating a credit card after applying for it will have the following adverse effects:

1. An unactivated credit card may also have annual consequences. fee.

Although the China Banking Regulatory Commission stipulates that banks are not allowed to charge cardholders annual fees if their credit cards are not activated, this only applies to ordinary credit cards. If the cardholder applies for a high-level credit card or a customized card, Due to the relatively high cost of card production, this type of credit card will incur annual fees even if the cardholder does not activate the credit card.

If the cardholder is not careful, the annual fee may be overdue. Once a credit card is overdue, it will not only generate overdue interest, but also have a negative impact on personal credit due to overdue payment

2. It will affect the cardholder's ability to apply for a credit card again.

When a customer applies for a credit card from the bank, the bank will refer to the applicant's current card information. Unactivated credit cards will also account for the credit limit. If the applicant currently holds more credit cards, A higher total credit limit will result in a higher current debt ratio, which may affect your later application for a credit card.

3. Unactivated credit cards will also be reflected in the personal credit report. All our credit cards will be recorded in the personal credit report, including credit cards that are not activated. If there are more If there are too many unactivated credit cards, when applying for a credit card again, the bank may think that the applicant does not really have a need to apply for a card, resulting in rejecting the user's application for a card.

Is there any impact if the credit card is not activated?

The inactivation of the applied credit card will have a certain impact on the applicant. The specific circumstances are as follows: 1. It affects the applicant’s credit report. After the applicant applies for a credit card, it will be displayed in the bank's credit reporting system. If the cardholder does not activate it for a long time, there will be a record of "The card has not been activated" in the credit reporting system, which may affect his or her future loans and other credit cards. Apply. 2. A certain annual fee may be incurred. Some banks start charging annual fees from the day the credit card is mailed, while others start charging annual fees from the second year. If the cardholder does not activate the card for a long time, resulting in arrears, he will not only have to pay penalty interest and late payment fees, but may also affect his personal credit. Finally, if the credit card is not used, the cardholder can cancel the card at the counter or over the phone to avoid any impact on the credit report.

1. How long does it take for a credit card to become invalid if it is not activated

If a credit card is not activated, it will not become invalid until the validity period of the credit card expires. Many people mistakenly believe that a credit card will become invalid if it is not activated for 2 months. This is not the case. Credit cards issued by various banks are generally valid for 3-5 years, and special cards are valid for 8 years. If the credit card is not activated, it means that you need to wait 3-5 years or 8 years before it becomes invalid. However, it should be noted that the Platinum Card will charge an annual fee even if it is not activated.

The China Banking Regulatory Commission stipulates: "Banking financial institutions shall not deduct any fees before the cardholder activates the credit card. The cardholder authorizes the banking financial institution to deduct fees in a written customer service center phone recording or electronic signature. Except. "Normally, if the credit card is not activated, there is no annual fee. But this is not the case with many platinum cards. Even if you do not activate it, you still have to pay an annual fee. To put it simply, platinum card is a higher-level card among credit cards. Platinum card provides many value-added services, such as airport transfers, airport VIP treatment, million-level aviation accident insurance, etc.

Because the Platinum Card needs to provide some high-value value-added services, the bank has to bear a large expenditure for this. Therefore, there is such a rule that even if platinum card users do not activate the card, they will still be charged the same annual fee. Therefore, platinum card users must remember that even if they do not activate, there will still be an annual fee. For regular and gold card users, it is best to call the bank to confirm whether there will be an annual fee or other fees if it is not activated.

What will happen if the credit card is not activated?

If the credit card is not activated, it will not be used regularly. In order to enable customers to enjoy the various benefits of CCB credit cards as early as possible, it is recommended that customers open and use the card immediately after receiving it.

For cards that have not been activated before the card expires, CCB will not issue a new card to the customer upon expiration. Note: If the customer applies for a CCB credit card with a rigid annual fee, the annual fee will be incurred regardless of whether the customer activates it or not.

(In case of business changes, please refer to the actual situation.)

What will happen if the credit card is not activated after receiving it?

Many users think that there is no problem if the credit card is not activated. In fact, not activating will have the following effects:

1. It will affect future credit card applications: If you do not activate the card after application, there will be suspicion of malicious card application. There are costs for bank card production and logistics, so not activating the card is definitely not done well in the bank's eyes.

2. Unable to obtain new user benefits: New credit card users usually have a series of preferential benefits. If you do not activate the credit card, you will not be able to enjoy these benefits.

3. Annual fees may be incurred: Most cards do not charge annual fees if they are not activated, but some high-end cards or platinum cards will charge annual fees as long as the card is purchased, regardless of whether the user has activated it or not.

4. Impact on personal credit: Inactive credit card application records will also be included in the credit report. Although there is no fee, if the application is too frequent, it will affect personal credit.

Advantages of credit cards

Compared with ordinary bank savings cards, the most convenient way to use credit cards is that they can be used for ordinary consumption without cash in the card. In many cases Just repay the consumed amount on time.

1. You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days to pay back on time without any interest charges (most banks will charge an interest of 50,000 cents on the day of cash withdrawal. There is also a handling fee of 2. ICBC cash withdrawals are free of handling fees and only charge interest).

2. Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.

3. You can enjoy discounts when using the card at the bank's designated merchants.

4. Accumulate personal credit and add integrity records to your credit file, which will benefit you throughout your life.

5. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumption. It is best not to withdraw cash. The cash withdrawal fee is very high. Very uneconomical)

6. Spend by swiping your card, some credit cards can collect existing points, and there are various discounts and lottery activities throughout the year, so you can always be surprised as long as you use the card; (most credit cards do not have points for online payment, But online shopping and payment are very convenient and fast)

7. Free monthly mailing of statements, allowing you to transparently control every consumption expenditure; (now promoting green environmental protection, paper statements can be canceled and changed to electronic statements) Bills)

8. The unique supplementary card function is suitable for couples to manage finances at the same time, or to control the financial expenditures of their children.

9. The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.

10, 400 or the 5-digit short number starting with 9 provides 24-hour service. Loss reports are effective immediately and there is zero risk of losing the card.

11. Have validity period: It is known that the validity period of domestic credit cards is generally three or five years.

12. Use third-party platforms (the domestic platform that supports credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services to cardholders.

What will happen if the credit card is not activated?

Nowadays, many friends will go to the bank to apply for a credit card, but sometimes because the credit card limit is relatively low, the credit card has not been activated. What will happen if the credit card is not activated? How is it?

1. It may affect your next card application: Regardless of whether you choose to activate or not, your application time, applied amount and other information will be uploaded to the credit reporting system. Although it will not be considered a bad record, it will be difficult to apply for a card later, and the application may fail. If you apply for a card multiple times but do not activate it, it may affect future loans.

2. It may not be automatically canceled: Many people think that if the card is not activated, it will be automatically canceled by the bank, but this is not the case.

The regulations of each bank are different. Some banks stipulate that the card will be canceled if it is not activated within a few years, and some banks stipulate that the card will be considered dormant if it is not activated. It is best to cancel the inactive card to avoid many problems.

3. The annual fee may be charged as usual: Generally speaking, no annual fee will be charged if it is not activated. But this is only for regular cards. If you are a platinum-level card or above, you will enjoy higher-level services and have higher rights after activation. Even if it is not activated after application, annual fees will still be incurred. If you forget to pay, it will be treated as overdue.

4. The card may be stolen by others: Many criminals will specifically look for those unactivated cards, steal the information, use the information to activate the card and then use it, and will not repay the money after using it. . Arrears and other bad records will be recorded in the applicant's name, which will cause great losses to the applicant.

Not activating a credit card will bring you a lot of trouble. Before applying, you must consider whether you need a card, and remember to blindly apply for a card. If it is not activated after application, you must take the initiative to cancel the card to avoid causing losses to yourself.

Let’s stop here to introduce what will happen if the credit card is not activated.