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The consequences of reporting a credit card loss and not replacing it

Permanently cancel the account.

According to the query on Hualu.com, if the credit card is reported as lost, the card will not be replaced. This means that after the credit card is reported as lost, the credit card will always be in a frozen state and the account will not be automatically closed. If there is a balance on the credit card or the bill has not been paid off, especially the credit card installment, there will still be bills every month. Select this option when reporting the loss of a credit card. If you report the loss and do not replace the card, the card will be deemed to be cancelled. The card cannot be restored and the right to use it is permanently lost. It can be regarded as a permanent account cancellation. If you want to use this card, you must reapply.