is it okay to activate the credit card? There may be these consequences

We all know that credit cards need to be activated before they can be used. However, many card friends, after activating their credit cards, find that they have no consumer demand, so they put their credit cards aside and ignore them. So, is it okay to activate the credit card? Are there any bad consequences? Let's take a look at it.

is it okay to activate the credit card?

A credit card is a credit card issued by a bank for overdraft consumption in advance. After activation, it can be used for credit card consumption, cash withdrawal for emergency, and even provide cardholders with large cash installment products. Of course, after activation, cardholders can also choose not to use credit cards, but there are bound to be some effects:

1. Annual fees will be generated. Annual fee is a mandatory fee for credit cards. Except for those credit cards that are free of annual fee within the validity period stipulated by the bank, most ordinary credit cards can reduce the annual fee by swiping the card number. Therefore, if the credit card is not used after activation, the annual fee will be deducted from the credit card limit.

2. Credit will be affected. If the credit card is not swiped enough times after activation and the annual fee is deducted, and the cardholder fails to repay in time, it will lead to overdue. There are many consequences of overdue, and the most important thing is to affect the cardholder's credit.

3. It will affect the withdrawal. Many cardholders' credit cards are too low to be used after activation. They think that banks will take the initiative to increase their credit cards in order to avoid the loss of customers. Although it is possible for some banks to do so, most banks mainly depend on the cardholder's card usage, and they will not increase their credit cards easily.

4, it will affect the use of cards. Some banks will control credit cards that have not been used for a long time. For example, if there is no transaction record within 18 days from the date of activation of CCB's credit cards, the cards will be subject to transaction control, and the controlled credit cards can not be used for consumption and cash withdrawal, and can only handle counter business.

that's the introduction of "is it ok to activate the credit card?". In a word, the activation of credit cards will mainly have the above four effects, so if you do not need to use cards, you'd better cancel your credit cards.

do I have to go to the counter to activate the credit card I applied for online? What happens if it is not activated?

Although it is 22, there are still many people who want to apply for credit cards, and online application is still the preferred channel for many people to apply for cards. There is a problem: for example, credit cards must be activated before they can be used, so do credit cards applied online have to be activated at the counter? What happens if it is not activated? Let's take a look.

1. Do I have to go to the counter to activate the credit card I applied for online?

this should be discussed in different situations.

If it's the first time for a new customer to apply for a credit card of this bank online, he/she will have to go to the counter for a face-to-face interview before being activated. After all, the bank has to implement the principle of "three-witness" when approving the card. Generally, the applicant needs to bring his/her valid ID card and credit card to the counter for the bank teller to verify his/her identity, and then copy a passage and sign it. After the face-to-face interview, the credit card can be activated.

if you are an old customer of a bank, because you have already applied for a credit card of this bank before, and the bank has a better understanding of the customer's information, after the card is approved, the customer will generally not spend time going to the counter to sign, and the customer can easily activate the credit card by just making a phone call. Of course, it is ok if the customer is willing to go to the counter to activate the credit card.

second, what happens if the credit card is not activated?

no matter through which channel you can activate your credit card, you'd better activate it as soon as possible if you want to use it. After all, some banks have a credit card activation period, usually within one month after receiving the card. Of course, some banks have no activation time limit, as long as it does not exceed the validity period of the credit card.

however, if you apply for a credit card that is not activated for a long time, it will be recorded as inactive in the credit report. In this way, if you apply for other credit business in the same bank, especially for a credit card, you may be rejected. There is a cost for the bank to issue a card. It takes a certain amount of manpower and material resources from approval to issuing the card. If you don't activate the credit card after receiving it, then the bank can't recover the cost.

Do I need to activate the credit card before I can use it?

Yes, the credit card needs to be activated before I can use it. Before it is activated, the credit card cannot be used for consumption, cash withdrawal and other operations.

under normal circumstances, after applying for a credit card, you can adopt several methods, such as bank outlet activation, online activation and mobile banking activation.

most credit cards don't charge an annual fee before activation, but some high-end credit cards will also generate an annual fee if they are not activated. The annual fee will be included in the current bill, which will affect the personal credit record if it is overdue.

if the credit card is overdue, it will generate a penalty interest, and it will bear interest in full, with a daily interest rate of five ten thousandths. For example, if your credit card is overdue for 5, yuan and the overdue days are 3 days, then the penalty interest is 5,× .5 %× 3 = 75 yuan.

in addition to interest, overdue payment will also result in liquidated damages, and the collection standards of liquidated damages in different banks are different. Generally speaking, the collection standards of liquidated damages in most banks are basically set at 5% of the unpaid minimum repayment amount.

As we know, overdue is an act of dishonesty. Once the credit card is overdue, the bank will report the overdue record to the personal credit report of the central bank, and the overdue record will be kept in the personal credit report for five years. During this period, applying for a bank loan may encounter high interest rate and small amount, or even the loan application will be directly rejected by the bank.

at present, credit reports are mainly used in various consumer credit businesses of banks. With the continuous improvement of social credit system, credit reports will be more widely used in various fields such as commercial credit sales, credit transactions, recruitment and job hunting. In addition, the personal credit report also provides the inquirer with a way to examine and standardize his own credit history behavior, and forms a verification mechanism of personal credit information.

In addition, if the overdue period is particularly serious, the trip will also be affected, and it is impossible to spend money by plane, high-speed train, hotel and mobile phone, and children cannot attend key schools, so it is difficult to break their promises.

Credit card arrears are protected by law. If the cardholder maliciously overdraws and fails to pay it back within the time limit, it is suspected of credit card crime, and will be punished by law and face jail. The punishment depends on the overdue circumstances. The more serious the circumstances are, the heavier the punishment will be. Those who are particularly overdue may even be sentenced.

It is the bank that suffers the most from the cardholder's overdue payment. In order to reduce the loss, the bank will generally reduce the cardholder's credit card limit, or even directly close the card. Once the credit card limit is lowered or blocked, it is difficult to withdraw or unblock it. If you use a credit card, you must repay it on time. Overdue behavior is not desirable. You must never try your life, and you must not be lucky, otherwise the consequences will be very serious.

What will happen if the credit card is not activated?

1. There will be an annual fee. Except for credit cards that are free of annual fees within the validity period stipulated by the bank, ordinary credit cards charge annual fees, but the annual fees can be reduced by the number of swipes. Therefore, even if the credit card is not used after activation, this annual fee will be generated. 2. It will affect credit. If the annual fee is generated after the credit card is activated, and the cardholder fails to repay it in time, it will lead to overdue. There are many consequences of overdue, and the most important thing is to affect the cardholder's credit.

3. It will affect the withdrawal. Many cardholders' credit cards are too low to be used after activation. When banks see it, they will think that cardholders don't need to use credit cards, so they won't consider raising the amount for cardholders.

4, it will affect the use of cards. Some banks will control credit cards that have not been used for a long time. For example, if there is no transaction record within 18 days from the date of activation of CCB's credit cards, the cards will be subject to transaction control, and the controlled credit cards can not be used for consumption and cash withdrawal, and can only handle counter business.

1. A credit card, also called a debit card, is a credit certificate issued by a commercial bank or credit card company to qualified consumers. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

second, the credit card has not been used since it is activated. Although there will be no annual fee, it will reduce the bank's evaluation of users. Credit card business card printing and card sending all need a certain cost, and users can't recover the cost without using the card bank, and the bank will certainly lower the evaluation for such users. Therefore, users do not need a credit card, and it is best not to apply. Moreover, even if some banks cancel their credit cards, they can't enjoy the treatment of new users in subsequent applications, which means that when users apply for new cards, they will lose a lot of benefits and benefits.

will the credit card activation be rejected?

after the credit card application, it needs to be activated in person at the counter, and it may be rejected in this process. Usually, it needs to be activated at the counter after the online application, and the reasons for rejection usually include the application for a card in a different place and the activation in a different place. This situation will be judged by the bank as not stable enough, so it will be rejected, which is an important reason.

a CreditCard is a credit certificate issued by a commercial bank or a credit card company to a qualified consumer.

a credit card is a card with the name of the issuing bank, expiration date, number and cardholder's name printed on the front. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the specified limit.

credit card application process

application

In most cases, citizens with full capacity for civil conduct (citizens aged 18 or above in Chinese mainland) and a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, legal persons can also act as applicants.

information

(1) the information of the principal cardholder.

(2) supplementary card applicant information.

(3) information of the guarantor.

(4) other information.

(5) statements and signatures of the main card applicant and the supplementary card applicant.

(6) special column for banks.

review

after receiving the application form and relevant materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the review mainly include whether the contents of the application form are true or not, evaluating the credit degree of the applicant, and reviewing the relevant information of the guarantor for the individual.

card issuance

after the applicant successfully applies for a credit card, the card issuer will open a separate credit card account at the card issuing bank for shopping, consumption and settlement after cash withdrawal.

card opening

card opening is mainly through telephone or internet, etc., to check the relevant personal information provided at the time of application, and then complete the card opening procedure. At this time, the applicant becomes the card holder, and can officially start using it after signing on the back of the card.

generally, after a credit card is opened, a password must be set for the card.

Identify

The credit card has at least the following information on its face:

Front: name and logo of the issuing bank, credit card type (organization logo) and holographic anti-counterfeiting mark, English or pinyin name, activation date (generally calculated to month) and effective date (generally calculated to month). The newly issued card is attached with a chip on its front, and the chip account and the card magnetic stripe account are two relatively independent accounts.

back: card magnetic stripe, cardholder's signature column (which must be signed after activation), service hotline, the last four digits or all (to prevent fraudulent use), and credit card security code

authorization

After receiving the authorization notice, the card-issuing bank will issue an authorization instruction according to the balance of the cardholder's deposit account and the agreement that the bank allows overdraft, and reply whether to agree to the transaction.

the use of

credit cards is usually limited to the cardholder's own use, and lending them to others is generally a violation of the use contract.

card cancellation

before the credit card is cancelled, the account balance must be cleared, and the card cancellation process should be completed within 45 days after the application is made.

will credit card activation be rejected?

Hello, going to the bank to activate the credit card will not be refused.

Entering the bank credit card activation link means that the credit card has been issued and the applicant has received the card. At this time, the activation procedure is a normal card opening procedure, and you can handle it as long as you receive the credit card. The bank cannot refuse the applicant's application for activation for any reason. After the general credit card is activated successfully, you can spend, withdraw cash and repay normally.

: 1. What is a credit card

A credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. The form is a card with the name, expiration date, number and cardholder's name printed on the front, and the magnetic stripe and signature strip printed on the back. Consumers with credit cards can shop or spend in specialized commercial service departments, and then banks will settle accounts with merchants and cardholders. Cardholders can overdraw within a specified amount.

the credit card stipulated in the relevant laws of China (the NPC Standing Committee's interpretation of the provisions on credit cards in the People's Republic of China and the Criminal Law of the People's Republic of China) refers to the electronic payment card issued by commercial banks or other financial institutions. It has all or part of the functions of consumption payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 217, the English translation and writing standard for public services was officially implemented, and the name of the credit card that stipulates English as the credit card standard is credit card.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when spending, and repayment will be made on the day of receipt.

credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can repay before spending within the credit limit; Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of petty cash according to the regulations, and when the balance of petty cash account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer only to credit cards.

from January 1st, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .5% of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

On May 25th, 221, the Supreme People issued and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

This concludes the introduction about how to apply for credit card activation and whether to apply for credit card activation in the bank. Did you find the information you need?