It is necessary to cancel the credit card if you are not going to continue using it. If the account is not closed, the bank will charge an annual fee for the credit card.

If the card is not overdrawn, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first, and then go to the bank to cancel the account after a certain period of time; If the card has expired and the account balance is zero, you can directly cancel the account at the designated bank outlet.

When closing the account, you should bring your valid ID card and the original card. If it's not convenient for me to close the account, someone else can help you. The agent must hold the power of attorney written by the principal (himself) and bring the original valid identity certificate to handle the account cancellation business.

If your card has not expired when you cancel your credit card account, some banks stipulate that you need to go to the designated outlets to receive the card, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days).

This is mainly because if the cardholder has done a manual card pressing transaction before closing the account, the cardholder will have closed the account before the merchant submits the card pressing form to the bank for entry, and the bank will not be able to liquidate normally; On the other hand, if the cardholder is in consumption abroad or withdraws cash, it may take several days to settle the account. If the account is closed immediately, it will also affect the normal liquidation of the bank.

Extended data:

abuse

1. Q: I can get a loan with a credit card, and my income is very low, so applying for a credit card helps me a lot.

A: No, the target customers of bank credit cards are high-end income groups. As can be seen from the above characteristics, credit cards are more convenient than saving money. Not only do you have to pay an annual fee to use a credit card, but once you miss the repayment time, the penalty interest is very high.

2. Q: Credit cards have a minimum repayment amount, so when I borrow a lot of money and still can't pay it back, I just need to pay the minimum repayment amount.

A: Wrong. Paying the minimum amount is just the bottom line for the bank not to sue you, but you need to pay interest. Credit card interest is calculated by the day, and it is rolling interest, which is higher than ordinary loan interest.

It is necessary to distinguish between installment payment and minimum monthly repayment. The annual interest rate of installment payment or commercial loan is about 5%, and the special goods will be lower. Only the minimum amount, annual interest 18% or more.

Baidu encyclopedia-credit card