It should be noted that even if the credit card being applied for can be canceled, it will still be affected. Especially for credit cards that have entered the review status, the bank is likely to check the credit report. Even if it is canceled or the card application is not successful, a credit card approval inquiry record has been left in the credit report.

These types of records, loan approvals, and guarantee qualification reviews are all hard inquiry records, which are directly related to the quality of the credit report. If there are too many inquiries in a short period of time, it will confuse the credit report and cause problems for the credit report. If an institution has the impression that an applicant is strapped for money and is short of money, the applicant may be classified as a high-risk client.

Therefore, it is recommended that you think carefully before applying for a card. Don’t apply for a card blindly. You must apply according to your own needs to avoid canceling the card after applying, which is time-consuming and labor-intensive, and also affects your credit.

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The credit card being processed cannot be canceled manually. You need to call the bank and ask customer service to help cancel it, but whether the cancellation can be successful depends on the situation.

For example, some bank credit cards can quickly approve the card. The application can be approved as quickly as 5 minutes after submitting the application. This cannot be canceled. You can only ask the bank not to send the card or wait until the card is received without activating it. Cancel; if the credit card has not been reviewed yet, or is under review, it can usually be canceled.

Before canceling, please check the card application progress through the bank’s official channels. The method is relatively simple. Find the card application progress, enter the ID number reserved when applying for the card, and get the verification code to check. , it is best to check 2 to 3 days after submitting the application, otherwise it may not be found.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Main features

①Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation to a certain extent;

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②Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

③Credit cards are high-tech products that integrate financial services and computer technology.

④Credit cards can reduce the use of cash;

⑤Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

⑥Credit cards can simplify collection Reduce payment procedures and save social labor;

⑦Credit cards can promote product sales and stimulate social demand.

Financial Management Strategy

1. Control the number of credit cards and only have enough.

Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered and it is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.

2. Keep the credit card receipts

Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. And many people do not set passwords on their credit cards. Discarding the credit card credentials at will may lead to theft of the credit card.

For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.

3. Reduce cash withdrawals

Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use a credit card to withdraw cash or use it as a passbook.

4. Choose the right credit card

The choice of credit card is very important. Nowadays, many commercial institutions have bundled cooperation services with banks. For example, you can apply for a joint name between a department store and the corresponding bank. With a credit card, you can spend points here as a member and get discounts; or some cards can provide discounts at designated merchants, including dining, movies, towing services, etc. There are various categories, and you can choose freely according to your needs. Credit cards should be used wisely and chosen wisely.

5. Use your credit card as much as possible within the maximum limit for credit card consumption

Every credit card has a limit. If you use your card within this maximum limit, you are safe. So, within this controllable range, please swipe as many cards as possible. Because a credit card is like when you buy something, the bank will pay you first, so why not? Just pay it back to the bank on time on the repayment date. On the one hand, it is more convenient to consume, on the other hand, it can also accumulate credit, and the bank can also charge merchants fees from your card swiping amount, which is a win-win situation.

6. Don’t repay until the repayment date

Use the last repayment date to earn more interest. After all, the money is placed in your own account, and the interest generated is also yours, so Make full use of the opportunity of money in your hands to make it generate more money. In addition, if you are unable to repay due to some special reasons on the repayment date, please call the bank's credit card customer service hotline to explain the situation and request a delay in repayment. 1 to 2 days, usually this situation will be allowed.