What will happen if the credit card is not activated

Now many friends will go to the bank to apply for a credit card, but sometimes because the credit card limit is relatively low, the credit card has not been activated. What will happen if the credit card is not activated? How is it?

1. It may affect your next card application: Regardless of whether you choose to activate or not, your application time, applied amount and other information will be uploaded to the credit reporting system. Although it will not be considered a bad record, it will be difficult to apply for a card later, and the application may fail. If you apply for a card multiple times but do not activate it, it may affect future loans.

2. It may not be automatically canceled: Many people think that if the card is not activated, it will be automatically canceled by the bank, but this is not the case. The regulations of each bank are different. Some banks stipulate that the card will be canceled if it is not activated within a few years, and some banks stipulate that the card will be considered dormant if it is not activated. It is best to cancel the inactive card to avoid many problems.

3. The annual fee may be charged as usual: Generally speaking, no annual fee will be charged if it is not activated. But this is only for regular cards. If you are a platinum-level card or above, you will enjoy higher-level services and higher rights after activation. Even if it is not activated after application, annual fees will still be incurred. If you forget to pay, it will be treated as overdue.

4. The card may be stolen by others: Many criminals will specifically look for unactivated cards, steal the information, use the information to activate the card and then use it, and will not repay the money after the card is used. . Arrears and other bad records will be recorded in the applicant's name, which will cause great losses to the applicant.

Not activating a credit card will bring you a lot of trouble. Before applying, you must consider whether you need a card, and remember to blindly apply for a card. If it is not activated after processing, you must take the initiative to cancel the card to avoid causing losses to yourself.

Is there any impact if the credit card is not activated?

The inactivation of the applied credit card will have a certain impact on the applicant. The specific circumstances are as follows: 1. It affects the applicant’s credit report. After the applicant applies for a credit card, it will be displayed in the bank's credit reporting system. If the cardholder does not activate it for a long time, there will be a record of "The card has not been activated" in the credit reporting system, which may affect his or her future loans and other credit cards. Apply. 2. A certain annual fee may be incurred. Some banks start charging annual fees from the day the credit card is mailed, while others start charging annual fees from the second year. If the cardholder does not activate the card for a long time, resulting in arrears, he will not only have to pay penalty interest and late payment fees, but may also affect his personal credit. Finally, if the credit card is not used, the cardholder can cancel the card at the counter or over the phone to avoid any impact on the credit report.

1. How long does it take for a credit card to become invalid if it is not activated

If a credit card is not activated, it will not become invalid until the validity period of the credit card expires. Many people mistakenly believe that a credit card will become invalid if it is not activated for 2 months. This is not the case. Credit cards issued by various banks are generally valid for 3-5 years, and special cards are valid for 8 years. If the credit card is not activated, it means that you need to wait 3-5 years or 8 years before it becomes invalid. However, it should be noted that the Platinum Card will charge an annual fee even if it is not activated.

The China Banking Regulatory Commission stipulates: "Banking financial institutions shall not deduct any fees before the cardholder activates the credit card. The cardholder authorizes the banking financial institution to deduct fees in a written customer service center phone recording or electronic signature. Except. "Normally, if the credit card is not activated, there is no annual fee. But this is not the case with many platinum cards. Even if you do not activate it, you still have to pay an annual fee. To put it simply, platinum card is a higher-level card among credit cards. Platinum card provides many value-added services, such as airport transfers, airport VIP treatment, million-level aviation accident insurance, etc.

Because the Platinum Card needs to provide some high-value value-added services, the bank has to bear a large expenditure for this. Therefore, there is such a rule that even if platinum card users do not activate the card, they will still be charged the same annual fee. Therefore, platinum card users must remember that even if they do not activate, there will still be an annual fee.

For regular and gold card users, it is best to call the bank to confirm whether there will be an annual fee or other fees if it is not activated.

What will happen if the credit card is not activated?

If the credit card is not activated, it will not be used regularly. In order to enable customers to enjoy the various benefits of CCB credit cards as early as possible, it is recommended that customers open and use the card immediately after receiving it. For cards that have not been activated before the card expires, CCB will not issue a new card to the customer upon expiration. Note: If the customer applies for a CCB credit card with a rigid annual fee, the annual fee will be incurred regardless of whether the customer activates it or not.

(In case of business changes, please refer to the actual situation.)

What will happen if the credit card is not activated

The inactivation of the credit card will have a negative impact on the user

If a credit card has not been activated, it will automatically expire after the validity period. However, the validity period of different banks and different card types is different. Generally, the corresponding validity period will be marked on the card surface. If the user is not too clear, You can directly call the bank customer service to check your own validity period.

Users need to note that the expiration of a credit card is not the same as card cancellation. Therefore, if the user wants to cancel the card, he or she needs to follow the bank's requirements. We have also introduced the hidden dangers of credit card inactivation above. In fact, the validity period of credit card is still relatively long, and it is calculated on an annual basis. Therefore, it is not recommended that users do not activate the credit card for a long time after receiving it.

First, the credit report will record the number of all our cards, including inactive ones. Although the number of cards is a very small detail in the credit report and should not have any impact, this detail can reflect a large amount of information, such as the applicant's subjective intention, the amount of the card, and whether it is too many. Card holding, etc. This information will be used as reference information for future dealings with the bank.

Second, inactive credit cards may also be charged an annual fee. The China Banking Regulatory Commission stipulates that banks shall not charge annual fees if the credit card is not activated. However, if the cardholder does not carefully identify the provisions of the terms when applying and authorizes the bank to automatically deduct fees from the account, annual fees may still be incurred. The fees incurred will be recorded into the cardholder's account in the form of credit card debt. If the payment is not made on time, high interest and liquidated damages will be incurred, which will leave a stain on the personal credit record. There are some high-end cards and customized cards that charge annual fees, which require annual fees and cannot be redeemed or reduced. As long as the card is approved, the annual fee will be charged, regardless of whether the card is opened or not.

Third, the bank will refer to the applicant’s card information when applying for a card. An inactivated card may reduce the credit limit and approval rate of future credit cards. Under normal circumstances, if there is a credit card account in the credit record that has not been activated and has a low credit limit, it will have a more negative impact on applying for a credit card again. When approving a credit card, banks will generally refer to the applicant's most recent credit card application. credit limit, most unactivated cards have relatively low credit limits

What are the consequences of not activating a credit card after applying for it

Failure to activate a credit card will have the following adverse effects:

1. Inactive credit cards may also incur annual fees.

Although the China Banking Regulatory Commission stipulates that banks are not allowed to charge cardholders annual fees if their credit cards are not activated, this only applies to ordinary credit cards. If the cardholder applies for a high-level credit card or a customized card, Due to the relatively high cost of card production, this type of credit card will incur annual fees even if the cardholder does not activate the credit card.

If the cardholder is not careful, the annual fee may be overdue. Once a credit card is overdue, it will not only generate overdue interest, but also have a negative impact on personal credit due to overdue payment

2. It will affect the cardholder's ability to apply for a credit card again.

When a customer applies for a credit card from the bank, the bank will refer to the applicant's current card information. Unactivated credit cards will also account for the credit limit. If the applicant currently holds more credit cards, A higher total credit limit will result in a higher current debt ratio, which may affect your later application for a credit card.

3. Unactivated credit cards will also be reflected in the personal credit report. All our credit cards will be recorded in the personal credit report, including credit cards that are not activated. If there are more If there are too many unactivated credit cards, when applying for a credit card again, the bank may think that the applicant does not really have a need to apply for a card, resulting in rejecting the user's application for a card.

Let’s stop here to introduce what will happen if the credit card is not activated.