What does the credit card sleep state mean?

The credit card sleep state refers to a card that has not been used for a certain period of time or a certain period of time after opening the card, or it is a new card. The applied card is not activated after being removed and the card is in the initialization state, which is called a sleep card. It should be noted that the sleep card also requires an annual fee. Failure to pay it will result in a bad credit record.

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

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.

The credit card must have at least the following information:

Front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark, name in English or Pinyin, date of activation (generally calculated to months), validity date (generally calculated to months), the latest issued card is equipped with a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts.

Back: card magnetic stripe, cardholder signature field (signature required after activation), service hotline number, last four digits or all of the number (to prevent fraudulent use), credit card security code (on the back of the credit card) On the signature line, the three digits immediately following the last four digits are used for credit card activation, password management, television, telephone and online transactions, etc.).

The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded.

After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction.

Can the credit card sleep state be used? There are two possibilities here!

A cardholder was rejected when applying for a bank loan because the sleep card under his name was overdue, but the card had never been activated. Why was it also overdue? In fact, even if the credit card is in sleep state, it may still be charged. In this case, it is recommended to activate the sleep card, pay off the balance, and use it for a period of time before applying for a loan. So, can the credit card sleep state be used? Let’s find out together below.

1. What does the credit card sleep state mean?

There are two situations here:

1. The credit card has not been used for a long time after it was opened, especially the card has not been used once within a year;

2. The newly applied credit card has not been activated and is in an uninitialized state.

2. Can the credit card be used in sleep mode?

First of all, check the validity period of the credit card. If it exceeds the validity period, it cannot be used. If you want to use the card, you must reapply. For sleep cards that cannot be used, it is recommended to cancel them. You can call the customer service of the card issuing bank. To apply for cancellation, the premise is to ensure that there are no arrears and balances in the credit card.

As long as the validity period has not expired, it can generally be used. You only need to activate the credit card to use it. As for how to activate, there are many ways, but the most reliable and direct method is to call the customer service of the card issuing bank. This way, you can inquire about the card status, and second, you can activate it with the help of customer service. It can be said that it kills two birds with one stone.

The above is the relevant introduction to "Can the credit card be used in sleep mode?" As can be seen from the above introduction, as long as the sleep credit card has not expired, it can be activated and used. If you don't know how to use it, the best way to apply for a card is to call the credit card customer service directly for consultation. It should be reminded here that sleep credit cards have certain risks. If you do not want to use the card, it is best to cancel it as soon as possible to avoid various consequences.

What does a credit card sleep card mean?

The so-called sleep card in the credit card industry is a card that has not been used at all for a certain period of time or a period of time, or for new applications. The cards you receive have no activation function and are not activated, which are called sleep cards. Or cards that have not been used once within a year after activation are regarded as quasi-sleep status or low usage status or rarely used cards. .

Sleep cards are divided into debit card sleep cards, quasi-credit card sleep cards and credit card sleep cards. Debit card sleep card refers to a card that has not had any financial transactions such as consumption, cash deposits and withdrawals, or transfers (excluding interest settlement and inquiries) initiated by the cardholder for more than 12 consecutive months, and the deposit balance is less than 10 yuan; quasi-credit Sleeping card refers to a card that has not had any financial transactions (excluding interest settlement, inquiry) initiated by the cardholder for more than 6 consecutive months, such as consumption, cash deposits and withdrawals, transfers, etc., and the deposit balance is less than 10 yuan; credit card sleeping card Refers to cards that have not had any financial transactions such as consumption, cash deposits and withdrawals, or transfers initiated by the cardholder for more than 6 consecutive months (excluding interest settlement and inquiries), and the deposit balance is less than 10 yuan.

Some bank sleep card cancellation regulations:

ICBC: If the average daily balance of the account in the quarter is less than 300 yuan, the bank will automatically deduct a management fee of 3 yuan per quarter from the account. , 10 yuan annual fee. If you are in arrears for one and a half years, the bank will automatically cancel the account. Resumption of use requires payment of arrears.

Agricultural Bank of China: If the average daily balance of the account in the current quarter is less than 500 yuan, the bank will automatically deduct a management fee of 3 yuan per quarter and an annual fee of 10 yuan. If you are in arrears for 18 months, you will be automatically converted into a "sleeping household". The arrears must be paid when canceling the account.

Bank of China: The debit card will be charged an annual fee of 10 yuan every year. If the balance is insufficient, arrears will occur. If you want to cancel or re-use the account, you need to make up the arrears. Accounts that have a zero balance for more than a year and have not been used for three years will be canceled by the bank.

CCB: If the average daily balance of the account in the current quarter is less than 300 yuan, the bank will automatically deduct a quarterly management fee of 3 yuan and an annual fee of 10 yuan. If the account balance is zero and there is no transaction for 3 consecutive years (including 3 years), the bank will automatically cancel the card.

Bank of Communications: Debit cards will be charged an annual fee of 10 yuan every year. If the annual fee is not deducted for 2 consecutive years, the bank will automatically cancel the card for the customer. In the meantime, if the customer cancels the card by himself, he will need to pay the outstanding balance.

China Merchants Bank: If the monthly average balance is less than 10,000 yuan, an account management fee of 1 yuan will be deducted every month, and the bank will not take the initiative to cancel the card. If the customer actively cancels the card, he must make up for the account management fee owed and go to any branch to cancel the account with his ID card and password.

This is the end of the introduction about sleep credit card and sleep credit card wake-up. I wonder if you found the information you need?