No payment will be deducted after cancellation

Credit card cancellation conditions:

1. Whether the debt has been paid off

When canceling a credit card , check whether the debt has been paid off. Before canceling, you generally need to check whether there is any debt in the credit card. However, in some cases, you cannot see the bill, which can easily make people mistakenly think that the debt has been paid off.

2. Whether the fees are paid in full

Whether other fees are paid. Before canceling the credit card, first confirm the annual fee reduction and exemption, followed by management fees, such as SMS notification fees. Some banks do not Deduct early, but deduct last. During the intervening time, it will not be reflected on your credit card statement.

3. Whether to confirm after cancellation

After 45 days of canceling the credit card, check with the bank again to confirm whether the cancellation is successful. Generally, the credit card cancellation cycle of banks is about 45 days.

In the meantime, even if the credit card is canceled, the information on the card's magnetic stripe will still be there. If criminals use it for investment and financial management, and then submit an application for a new credit card to the bank, there will be a risk of it being stolen.

Therefore, it is best to call the bank’s credit card customer service number 45 days after cancellation to confirm whether the cancellation was successful, so as to avoid unnecessary trouble caused by failure to cancel due to special reasons.