the annual fee will not be charged after the credit card is cancelled. If the credit card is not activated, you can cancel it directly. If it is activated, you can apply for account cancellation without overdraft.

it is necessary to cancel the account of a credit card if you don't intend to continue using it. If you don't cancel the account, the bank will charge the annual fee of the credit card.

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 passed the validity period and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. When closing the account, you should bring the original valid identity certificate and card. If it is not convenient for me to go through the formalities of closing the account, someone else can do it for 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.

Extended information

Annual fee-free rules of banks

The annual fee-free policy of Bank of Communications is that the annual fee is free in the first year, and the annual fee is free in the following year if the card is swiped six times in a year (unlimited amount). The swiping times of the main card and the supplementary card can be calculated together. However, the credit card center may introduce a new annual fee standard, which will be announced on the website of the credit card center and the cardholders will be informed accordingly. If the annual fee-free policy changes, cardholders should not forget to adjust their credit card strategy.

The annual fee exemption policy of Shanghai Pudong Development Bank is quite special. Cardholders of standard Capka, Gold Card and some Platinum Cards (accelerated points and simple Platinum) can be exempted from the annual fee for the following year by swiping their cards six times. Standard platinum cards and co-branded cards need to earn 3, points to avoid the annual fee for the following year.

Minsheng Bank and Shenzhen Development Bank have relatively high annual fee exemption standards. The former requires cardholders to swipe 8 times a year to avoid the annual fee of the following year, while the latter raises the standard to 18 times. Moreover, both credit card centers stipulate that the number of swipes for the main card and the supplementary card should be calculated separately, and any card that fails to meet the standard needs to pay the corresponding annual fee.

reference sources; Baidu Encyclopedia-Credit Card

Baidu Encyclopedia-Credit Card Annual Fee Rules