Credit card is a financial tool, which can accumulate points through consumption and repayment, and these points can be exchanged for goods, services or cash on specific merchants or platforms. So before you cancel your credit card, you must consider how to deal with these points. Then, after the credit card is cancelled, can the credit card points be retained? Mainly look at the cancellation methods of credit cards, namely, credit card cancellation and credit card cancellation:
Credit card cancellation: If the cardholder holds multiple credit cards in the same bank, only one of them is cancelled, and the other cards are still kept, the credit card points will be transferred to the cardholder's other credit cards. Of course, the premise is that the card types and points types of these two credit cards are the same. If they are inconsistent, they cannot be accumulated and superimposed. For example, credit card points of standard cards cannot be transferred to joint credit cards.
Credit card cancellation: Credit card cancellation refers to the cancellation of the cardholder's entire account in the bank. After successful account cancellation, all the credit cards in the bank's name will be cancelled.
Cancel it. If you do this, the cardholder will not have any account opening record in the issuing bank, and then everyone's credit card points will be eliminated and cannot be used any more.
To sum up, in order to avoid the waste of credit card points, cardholders must carefully consider whether they are canceling their cards or accounts before canceling their credit cards. If they choose to cancel their cards, they should transfer their credit card points to other credit cards in advance. If it is a credit card cancellation, you must use up the credit card points.