Credit card cancellation process:
1. Call the bank customer service number and apply to cancel the credit card. Note that the bank customer service will usually try to retain you at this time. If you decide to cancel the card, don't listen to his "fooling" and insist on canceling it.
2. From the time you apply for cancellation by phone to the official cancellation, there will be a settlement period of 30 to 45 days. During this period, you must not use your credit card to make purchases.
3. 40 days after cancellation, call the bank customer service number to confirm whether the cancellation is successful, so as not to leave a bad record for yourself due to special reasons.
4. Do not throw away canceled credit cards. Cut the magnetic strips into pieces before throwing them away to avoid being picked up by criminals and causing losses to yourself.
Before canceling a credit card, you must ensure that there is no balance in the credit card, neither arrears nor excess deposits. Because once a credit card has a balance, it cannot be canceled.
Extended information:
There are a few points to note when canceling a credit card:
1. Pay off all outstanding debts in a timely manner. This arrears includes bill arrears and annual fees. If there are still outstanding balances in the card, just cancel the card without hesitation. After the interest is compounded, when the amount reaches a certain amount, the bank will start "debt collection"!
2. Confirm whether to cancel the account after 45 days. Credit card cancellation is usually handled through customer service, but it is not possible to cancel the card successfully at that time. When you propose to cancel the card, the account will enter the pre-cancellation state. Whether the account has been successfully canceled will not be known until 45 working days.
3. Cut the magnetic strip when deleting the card. If the card is complete, it may still be usable in some consumption places that only require the card number without verifying the information. The best way is to cut the magnetic strip into several pieces and throw them into different garbage dumps to avoid future troubles!