Will not paying the annual credit card fee affect the credit information?
If the annual credit card fee is not paid, the bank will consider it overdue. Once overdue, the bank will upload the overdue record to the personal credit report, and the overdue record will become a bad personal credit report. Overdue records will not be eliminated until the annual fee is settled for 5 years. If it is not settled, the overdue record will remain in the personal credit report.
What is the impact of overdue personal credit report?
The direct impact on applying for car loans, mortgages and credit cards is very great. If you forget to pay the annual credit card fee, you must settle it in time to prevent personal credit information from being affected. And the longer you stay in loans overdue, the worse your credit card usage.