2. After the customer submits the application for credit card cancellation, the issuing bank will not immediately cancel the account for the customer. Generally, there will be a settlement period of 45 days to observe whether there will be new bills in the future. If there is no arrears or overpayment in the card after 45 days, the bank will officially cancel the card.
Of course, if customers need to use the card in the future, it is best not to return it easily. In fact, some cards are free of annual fees, and there will be no fees if they are not used. It doesn't matter if you keep it all the time. And if you really don't want to use it again in the future, you can apply for cancellation.
: Is it serious to cancel the credit card?
First of all, canceling your credit card will not affect your credit, as long as there is no overdue record on your credit card. If the bank card has an overdue record, the bank or lending institution can find it by collecting your personal credit report. Of course, overdue records will disappear after five years. I suggest that if there are overdue records, don't rush to cancel them. In fact, as long as you cancel your credit card through proper channels and have no bad record before, then canceling your credit card has no effect.
There are many ways to cancel a credit card:
1. Before canceling the credit card, be sure to check whether there is any debt in your account and whether there is any balance in the credit card;
2. When canceling the credit card, call the credit card customer service phone to apply for cancellation;
It is completely free to cancel the credit card, and there is no cancellation fee.
In short, if you want to cancel your credit card, you have to go through formal channels. Don't just cancel your card. Before you cancel your card, you must find out your current situation. If you still owe money, don't cancel it, which will affect your future business.