To cancel a card, the credit card debt must be paid off in full, and it will take 45 calendar days before the bank will handle the formal card cancellation procedure for the cardholder.

1. When canceling the card, the cardholder needs to pay off all arrears and submit an account cancellation application to the bank. After 45 natural days, the bank will handle the formal account cancellation procedures for the cardholder. A state-owned bank has also formulated regulations for officially canceling credit cards after 45 days. Only a few banks can cancel cards immediately after verifying that the credit card debt has been paid off.

2. Regardless of whether the customer makes an application for credit card cancellation over the phone or at the counter, the credit card can be officially canceled at that time only when all the outstanding balances and other charges on the credit card account at the time of application are paid off and there are no overdue or negative records. All functions are stopped. However, if the customer has unpaid related expenses or is overdue in repayment, he or she will generally have to wait about 45 days until the final bill is released before the card can be officially cancelled.

3. After applying for a credit card, the bank will set up a bank account based on the cardholder's information. The card is only a manifestation of the account. Cancellation of the card does not mean cancellation of the account. If you only cancel the card, you will not be able to enjoy the benefits and benefits of new customers if you apply for a credit card from the same bank next time. This problem can be avoided by canceling the account. Therefore, when canceling the card, it is best to also cancel the account corresponding to the card.

Extended information:

Notes on credit card cancellation

1. During the card cancellation period, in addition to normal repayments, the canceled credit card cannot be If the canceled credit card still has outstanding balances and the cardholder fails to repay within the cancellation period, then even if the cardholder cancels the card, it will still result in the credit blacklist.

2. Many friends just throw away their credit cards after canceling them. In fact, this is very bad. After cancellation, the credit card still retains a lot of personal information, which may be stolen if you are not careful. Therefore, after the card is deactivated, the magnetic strip must be cut and scraped.

3. Another thing is, if you decide to cancel a credit card, you must pay attention to the issue of arrears. Do not throw it away immediately after canceling the card. You must confirm whether fees will be incurred during the card cancellation period 45 days after the card is cancelled. , and only after confirming that the card cancellation is successful can you choose to cut the card.

People's Daily Online - It is easy to apply for a credit card but difficult to cancel it? Some banks have to wait for the "clearance period" to cancel the card