Yes.

The credit card itself has an expiration date. After the expiration, the credit card cannot be activated. Generally, credit cards are valid for more than three years, so you can activate them within two or three years. You can activate it within the validity period, but after it expires, the credit card will become invalid and cannot be activated. Credit cards that users apply for on the bank's official website or elsewhere are generally inactive after they are placed, and must be manually activated if they want to use them.

Consequences of overdue credit card:

1. Liquidated damages, usually 5% of the minimum repayment amount and the unpaid part.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability. Extended information

Credit card repayment methods:

1. At the card issuing bank. This method includes: card issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. After repayment, the credit card limit will be restored immediately, and the payment will generally be credited to the account after the system processes it on the same day.

2. WeBank POS mobile phone. The Weiyintong POS mobile phone is a mobile financial system personal payment terminal that can be used to directly swipe credit cards for repayment, as well as transfer and other services. Instant payment!

3. Transfer/remittance for repayment. It is mainly divided into two methods: inter-bank transfer in the same city and inter-bank transfer in different places. Regardless of the method of transfer or remittance, the remittance bank will charge a certain fee. At the same time, the time it takes for the money to arrive and the convenience of repayment are not as good as intra-peer repayment, online repayment, convenience store repayment and other methods.

4. Online repayment. The more common online platforms in China include: UnionPay Online, Kuaiqian, Shengpay, Alipay, Tenpay, etc. Depending on the platform and bank you choose, the charging standards and specific payment arrival time will be different.

5. Convenience store repayment. This method mainly completes repayment through the "Lakala" smart payment terminal installed in convenience stores. It usually takes 2 to 3 working days to receive the payment. At the same time, there is no handling fee for repayment using this method.

6. Repayment through the counter. Over-the-counter transactions refer to bank cards issued by various networked financial institutions, which allow RMB current deposits and withdrawals to be made over the counter at other bank outlets registered in the UnionPay exchange center host system.

7. Repay via Xinpaytong. The "Xinpaytong" smart card swiping phone is an innovative electronic product independently developed by China UnionPay, certified by the Bank Card Testing Center, and supported by financial services provided by China UnionPay's inter-bank information exchange network.

8. Repayment Pass. When using "Repayment Link" to repay, the fees are generally charged according to the fee standards for intra-city inter-bank transfers and long-distance inter-bank transfers stipulated by the local People's Bank of China.

9. Other methods. In addition to the methods mentioned above, card issuers have also opened their own unique repayment methods in order to facilitate cardholders' repayment.

Baidu Encyclopedia-Credit Card