Creating a credit card and canceling an account are two different methods and cannot be used interchangeably. Credit card cancellation refers to a single card, while account cancellation refers to all credit card accounts registered with the card issuing bank. Once you choose to cancel your account, it will take at least a 45-day "account settlement period" to take effect. During this clearing period, the card owner cannot make any transactions. Once a transaction is made, the account cancellation will fail. If you want to cancel your account again, you have to start all over again and reapply for the account cancellation process.

Compared with canceling the account, if you choose to cancel the card, the process will be simpler. Basically, you can apply successfully after submitting the application. so. The card mainly depends on its own needs, whether to choose to cancel the account completely or cancel a single card. After all, some card owners simply want to cancel a single card that is difficult to upgrade. If they choose to cancel the account, they may cancel all cards from the same card issuer.

Second point: If you cancel the card but not the account, you will not be able to enjoy the new account benefits

For credit cards, whether you choose to cancel the card or cancel the account, it is inevitable that you will have to apply again. No matter which one it is, the card owner can apply again. However, if you want to enjoy the benefits of new users, you can only do so by canceling your account. Because if you only choose to cancel the card, then, for the card issuing bank, it belongs to the old customer group. Customers who choose to cancel their accounts will normally be able to enjoy the treatment of new users and receive new account gifts as long as they meet the deadline of 6 months or one year. If they apply again, they will be able to enjoy the benefits of new users.

The third point: Be careful when canceling a credit card or canceling an account after it expires

When canceling a credit card, the card owner must pay off all outstanding balances before canceling the card or canceling the account. household. However, for card owners whose credit cards are overdue, do not expect to pay off the balance. If you plan to reapply for a credit card, the overdue record will be overwritten. This approach does not solve the problem. Because the card or account will be canceled immediately after the expiration date, but the overdue record will be retained for 5 years, so it will affect subsequent applications.