Steps and methods to check the progress of credit card processing:
1, online online inquiry: log in to the bank official website, click the online inquiry channel of credit card application progress, and enter for inquiry;
2. Telephone inquiry: dial the bank credit card line, and you can inquire with your ID number.
3. Bring my valid ID card to the bank counter for enquiry.
Generally, it takes about 20-40 days from the submission of the application materials for handling the card.
Credit card validity period
At present, the validity period of credit cards is generally between 3-5 years, but there are also bank credit cards that are 8 years. For example, the credit card of Guangfa Bank has a five-year term, while the Wumart credit card of China Construction Bank has an eight-year term. So we must pay attention to this when handling credit cards.
Before the expiration of the validity period, if the cardholder fails to notify the bank to terminate the use of the card and go through the cancellation procedures, the bank will automatically issue a new credit card to the cardholder. Before the card expires, the bank will remind the cardholder by phone, SMS, email, etc. In the process of re-making a new card, there are many procedures such as checking information, mailing a new card, and re-opening the card. Although these procedures have played a role in the process of card replacement, they also require banks and cardholders to spend a lot of communication costs.
For banks, every time they issue a card, they borrow a sum of money. If the cardholder forgets to report the loss after losing the card, or the cardholder maliciously overdraws for a long time, even after the cardholder dies, the credit card has been fraudulently used, which will lead to the formation of "bad debts". In case of the above situation, the existence of "validity period" can ensure the bank's money to flow out in time.
Difference between temporary credit card limit and fixed credit card limit
1. The concept is different: the temporary limit refers to the limit that the cardholder can apply for when temporary/emergency expenses occur; Fixed line refers to the maximum credit line that the cardholder can recycle;
2. Different validity periods: the validity period of the temporary line is generally 1-3 months, and the credit card line will be restored to the original line after it expires; A fixed amount can be used within the validity period of the credit card;
3. Different repayment methods: Generally, the temporary amount can only be paid off in one lump sum, not in installments, while the fixed amount can be repaid in installments. If the economy is tight, you can also apply for a minimum loan repayment.