2, the effect is different. Cancel the bank card, and the card information can still be found in the personal account; The account information will be completely cleared by closing the account.
3. The treatment of applying for a card is different. After canceling the credit card, the account information is still there. At this time, you can't enjoy the new user discount when applying for a new card. After the account is closed, the account information is cleared. At this time, you can enjoy the benefits of new users by opening an account again and applying for a new card.
4. The recovery effect is different. If you cancel your credit card, you can apply to restore it. However, after the account is closed, it is impossible to restore the credit card by re-opening the account.
five precautions for credit card cancellation
1. Remember to redeem credit card points in advance before canceling credit cards
Every credit card will have points. Although the conversion mechanism of points in different banks is different, credit card points can be redeemed for some prizes. For those who usually spend more with credit cards, the accumulated points can be redeemed for many things. For example, mobile phones, computers, etc. may be exchanged. These points will be cleared by the bank after you cancel your credit card, but when you apply for cancellation, the bank will not remind you how many points are left, but will clear them directly. Therefore, before canceling the credit card, be sure to check the credit card points, and try to use them as much as possible to avoid unnecessary losses.
2. Pay attention to the difference between credit card cancellation and credit card cancellation
Cancelling a credit card means canceling the card you are applying for now, while canceling a credit card account means canceling all credit card accounts in the bank where the credit card is located. For example, if you apply for credit card cancellation in a bank, you will cancel all your two credit card accounts in this bank. To cancel a credit card account, you must pay off all the arrears of the credit card before you can apply for cancellation, and it will not be officially cancelled until 45 days after the account is cancelled.
3. You can't use your credit card within 45 days after canceling your account.
After you apply for canceling your account, you won't officially cancel your account until 45 days. During these 45 days, you can't use your credit card to spend money. If there is any transaction, the cancellation will fail, so don't use your credit card to make any consumption within 45 days after you apply, even if you pay off the arrears immediately. If you want to cancel your account cancellation application within 45 days, you can also go to the bank to explain the situation clearly, and you can reuse your credit card.
4. Don't write off your credit card after it is overdue.
Some people have neglected to write off their credit cards, and when they find out that they have paid off their debts, they rush to the bank to apply for cancellation of their credit cards or cancel their credit card accounts, thinking that if they cancel their accounts, they will not leave bad records on their personal credit reports. In fact, if you pay off the arrears and apply for cancellation of your credit card account immediately after the credit card is overdue, your overdue record will still appear on your personal credit report, and your record will still be kept for 5 years after the credit card is cancelled. If there is overdue, don't cancel the credit card easily. Instead, you should continue to use this credit card and ensure a good use record. In this way, your good use record will gradually cover the overdue bad record, because the general bank is looking at the credit report within two years, so as long as it keeps a good record for two years, the previous overdue will not have any impact.
5. If you apply again after canceling your credit card, you can't enjoy the treatment of new customers.
Banks have certain discounts for new users of credit cards, so many people want to cancel their credit cards and apply again to enjoy the benefits of new users. For new users of credit cards, the general rule of banks is to cancel the credit card account after half a year or one year. Note that it is not to cancel the credit card account. However, it will be more difficult for many banks to apply for a credit card again after you cancel it.
As for the cancellation of credit cards, try not to cancel them unless it is necessary, because every application will leave a record on the credit report. If it is because the credit card limit is too low, as long as you keep a good use record and there is no violation, the bank will generally increase your credit limit after a period of use. If it is really necessary to cancel the credit card, it is recommended to cancel the credit card account at the same time.