How to deal with unused credit cards

Credit cards should be canceled when they are no longer used. Cardholders can call the customer service hotline of the credit card center of the issuing bank to apply for cancellation of the credit card.

If you want to continue using it, as long as you make purchases with the card the number of times specified by the bank, there will be no annual fee the following year.

After using the credit card, make sure there are no outstanding debts and balances before canceling it.

There is a 45-day cycle for canceling a credit card. Do not use the credit card again during this cycle, otherwise the credit card will be in debt during this period and it will be recorded on the personal credit report.

What should I do if my credit card is no longer in use? Users can choose to cancel it

Credit cards can facilitate our lives when used in daily life. However, many people apply for several at the beginning, but after applying for If you can’t use it, what should you do if you don’t use your credit card? How would you handle it? Let me give you a detailed introduction below.

When the credit card is not in use, you can pay off all the outstanding balances and then leave it alone. Generally, the credit card will automatically expire after its expiration date. However, when leaving it, make sure that the credit card will not incur annual fees. If If the annual fee is not repaid, the bank will charge penalty interest and affect your personal credit score.

If the user leaves unused credit cards and is worried about causing a series of problems, the credit card can be canceled at this time. However, cancellation can be divided into card cancellation and account cancellation. Card cancellation is just canceling the card itself, while account cancellation is the name. All credit cards in this bank have been cancelled, which makes a big difference.

When canceling a credit card, users can directly call the bank customer service hotline. The bank customer service may retain the credit card during cancellation, but as long as they insist on canceling it, it will be fine. Generally, after verifying the cardholder's information, the customer service staff will submit a cancellation application. It usually takes 45 days to know whether the cancellation was successful.

When canceling a credit card, you need to pay off the debt, and also pay attention to the points generated by credit card consumption. These points can be exchanged for goods in the points mall. Therefore, before canceling a credit card, it is best to know how many points the credit card contains, and then use the points. If the number of points is relatively small, you can use cash plus points to purchase.

Canceling a credit card will not affect your personal credit report. However, you should be cautious when canceling a credit card that has recently expired and is on your credit report. You will usually use it for a period of time before canceling it, which can cover up the overdue record. After all, bad credit reporting affects the processing of various loans, such as car loans and home loans. It should be noted that bad credit reporting records will be kept for 5 years and will automatically disappear after 5 years.

What should I do if I no longer use my credit card?

The suggestion is that if you have multiple credit cards or debit cards from this bank, choose to cancel the card; if you only have the only credit card from this bank and will not use it in the future, If you don't want to use it again, choose to cancel the account.

The process of canceling a card or account is very simple. You only need to call the customer service number of the credit card. It will be done quickly. The credit card in hand has no use and can be destroyed by yourself. But before that, there are some things that cardholders need to pay attention to.

First of all, you need to check whether there is any unpaid balance in your credit card, and whether there is any overflow deposit. If there is any debt, you must pay it off before you can cancel the card or account. If there is an overflow deposit, , but also consume it first.

Second, look at how many credit card points you have and what gifts you can redeem them for. Otherwise, the points will be gone after canceling the card or account, and it will be a waste.

Third, check whether the credit card has any bad records in the past, such as overdue records. If so, it is best not to cancel the card or cancel the account, because the bad records cannot be eliminated and will always exist. In this case, it is recommended to continue using the credit card until the credit record is overwritten by new consumption records after 5 years.

Card cancellation process

1. Call the bank’s credit card center and ask about cancellation matters. It mainly depends on whether your card is suitable for cancellation, whether there is a balance, etc.;

2. Use the phone to cancel the credit card. After receiving the call, the bank will accept the user's application for canceling the credit card and deduct the annual fees payable for all cards under the account. If the account balance is zero or the customer explicitly gives up the remaining deposits in the account .

3. Go to the bank counter to formally cancel the credit card. Must bring

①prepare ID card;

②application form;

③credit card to be canceled. Go to the counter to collect the card and wait a month before canceling the transaction.

The first step to cancel is to collect the card. After collecting the card, you will go through the corresponding cancellation procedures one month later. However, you can also directly make an appointment to cancel the account on the day of canceling the card. In this way, you don’t have to go to the branch to apply for it after a month. The balance on the card will be transferred directly to the card that was scheduled to be closed after one month.

What is the best way to deal with a credit card that you no longer want to use?

If you no longer want to use a credit card, it is best to cancel the account or cancel the card.

Although there are ways to waive the annual fee for credit cards, if you have too many credit cards, management will be more troublesome, and you may forget to swipe the card and charge high fees. Therefore, if you have extra credit cards that you will never use again, it is best to cancel the cards or cancel your account.

1) Card cancellation refers to the cancellation of a single card. Cancellation of a certain credit card in the name of the cardholder will not affect your use of other bank cards of the bank, but the bank will retain your name, Address, credit status and other information. If you want to apply for a credit card from this bank next time, you will be treated as an old user and will not enjoy the new customer card opening discount.

2) Account cancellation means erasing all your account information in this bank. If you have two credit cards, they will be canceled together, and the bank will no longer retain your name, credit status and other information. If you apply for a credit card with this bank next time, you will be treated as a new customer and enjoy the card opening discount.

1. The process of canceling a card or account is very simple. You only need to call the customer service number of the bank’s credit card. According to the requirements of the manual customer service, it will be done quickly. If you don’t have the credit card in your hand, Once it has been used, you can destroy it yourself. But before that, cardholders still have some things to pay attention to, as follows:

1) First of all, you need to check whether there is any unpaid balance in your credit card and whether there is any overflow deposit. If If you have any outstanding balances, you must pay them off before you can cancel your card or account. If you have any excess savings, you must spend them first.

2) Second, look at how many credit card points you have and what gifts you can exchange for them. Otherwise, the points will be gone after canceling the card or account. Otherwise, it will be wasted.

3) Third, check whether the credit card has any bad records in the past, such as overdue records. If so, it is best not to cancel the card or account, because the bad records cannot be eliminated and will always exist. In this case, it is recommended to continue using the credit card until the credit record is overwritten by new consumption records after 5 years.

What should I do if my credit card is no longer in use?

If your credit card is no longer in use, you can choose to cancel it. The cancellation methods generally include cancellation by phone or bank counter cancellation.

Telephone cancellation process: The user calls the customer service hotline of the card-issuing bank and is transferred to manual service. The customer service staff will verify the user's personal information and submit the cancellation application after verifying the information. The staff will inquire about the reason for cancellation and confirm whether the user has To cancel, after confirming the cancellation, wait for the 45-day risk period. On the 46th day, the user can call the customer service hotline to inquire whether the cancellation is successful.

Bank counter cancellation process: Users can go directly to the offline bank counter with their credit card and personal ID card.

You need to pay off the debt before canceling. If you still have points, it is best to dispose of them.

Credit card cancellation is divided into two types: card cancellation and account cancellation. If you choose to cancel the card, if you still want to use it later, you can apply for a new card from the bank; if the account is canceled, all credit cards under the same bank's name will be cancelled, and If you later want to use the credit card that has been canceled by the bank, you must apply again.

Note: If your credit card has just become overdue and cannot be cancelled, you should insist on using it for two years and pay it back on time during this period. You can overwrite the overdue record. Doing so will not have any impact on your credit report.

That’s it for the introduction of what to do if you no longer use your credit card.