The safest way for cardholders is to report the loss first and then cancel it, because the credit card articles of many banks stipulate that the losses before the loss of credit cards are borne by the cardholders, and the losses after the loss report takes effect are borne by the cardholders.

If the cardholder is unwilling to pay the loss reporting fee and wants to cancel the credit card directly, he should also pay attention to the following three issues.

One is to confirm whether to close the account after 46 days. Credit card cancellation is generally handled through telephone banking, but telephone banking was not successful at that time. Generally, the cardholder should call the bank to confirm whether to cancel the account 46 days after returning the card, so as to avoid the bank failing to return the card for some reason, but the cardholder thinks that the card return is successful, which will cause unnecessary trouble in the future.

The second is to pay off all arrears in time. This debt includes not only the account debt, but also the annual fee. If we only pay attention to the former and ignore the latter, the cardholder's card may be in arrears after cancellation. Therefore, you must ask clearly when you cancel your card, and never leave a penny in debt.

Third, cut the magnetic stripe when selling cards. If the card is complete, it may be used in some consumer places that only need the card number and do not need to check the information. The best way is to cut the magnetic stripe into pieces and throw it into different garbage dumps to prevent people with ulterior motives from stealing it.

I'm glad to answer your question. Please keep asking questions if you have any questions.