The consequences of not canceling the credit card are:

1. There may be a risk of theft. Many credit cards now have the function of small-amount free payments enabled by default, which is also known as the "quick pass" function. Although it facilitates people's use to a certain extent and improves efficiency, at the same time if If the credit card is not used for a long period of time, it will be in a sleep state and may be lost or stolen.

2. The annual fee will be deducted. As we all know about credit cards, unless there are some credit cards that are free of annual fees for life or within a certain period of time, they do not need to pay annual fees. Other credit cards need to pay annual fees after opening the card. At present, most credit card annual fees range from 50 to 200 yuan, which means that even if you do not use these cards, fees will be deducted. Although many banks generally advertise that these fees can be reduced by swiping the card the number of times, how many people can achieve that number of times? Most banks have such regulations. If you cannot pay the fees within the specified time, they will be recorded on your personal credit record, and interest will be added to these fees. When you finally repay the loan, it will be It was discovered too late.

3. It will affect personal credit. As long as an individual goes to the bank to apply for a card, your card application record will be entered into the credit report. If after applying for the card, you only have a record of applying for the card but no record of using the card, it will be difficult to apply for a credit card in the future. . Banks use manpower and material resources to help you apply for a card. If you don't use it, not only will the bank not be able to make money from it, but it will also waste time and energy on applying for you. In the future, it will be very difficult to handle loans and other business in banks. In fact, there are some techniques and methods for using credit cards, and the following book contains relevant content.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.