The validity period of Minsheng Bank credit card is located on the front of the credit card, below the card number. Secondly: The validity period format of Minsheng Bank credit card is: MONTH /YEAR, MONTH represents the month and YEAR represents the year. 02/19 means the credit card is valid in February 2019.

The validity period of Minsheng Bank’s credit cards is generally 3-5 years. Users can activate and use the credit card within the validity period. When the credit card is about to expire, the bank will review the cardholder’s card usage records. If the card is used If the card is in good condition, the bank will send a new card one month ago. The points, functions, limits and other account information of the new card will be consistent with the original card. After the new card is activated, the old card will become invalid. If the cardholder's mailing address changes, please inform the bank in time so that the new card can be received normally.

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Cancellation status

Canceling a credit card account is something you must do if you no longer intend to use the credit card. If you do not cancel the account, the bank will cancel it annually. Annual credit card fees are charged.

As long as there is no overdraft on the card, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first and go to the bank to cancel the account after a certain number of days; if the card has expired and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. Account procedures. When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

If your card has not expired when canceling a credit card account, some banks stipulate that you need to go to a designated outlet to handle the card collection business, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days) . This is mainly because if the cardholder has made a manual card pressing transaction before canceling the account, the cardholder will have canceled the account before the merchant has submitted the card pressing form to the bank for entry into the account, and the bank will not be able to clear the account normally. ; On the other hand, if the cardholder spends money or withdraws cash overseas, it may take a few days to settle the account. If the account is closed immediately, it will also affect the bank's normal liquidation.

Product Disadvantages

Credit cards can easily lead to over-consumption. This is a common problem among people who are in credit card debt. It is painful to swipe a card without paying money, so they spend even more uncontrollably by swiping the card.

The annual interest rate on credit cards is as high as 18, which is really a usury and can make borrowers lose money quickly.

Credit card debt causes mental stress. Some card slaves report that they are often afraid to open their mailbox or mail.

With bad credit, the cost of borrowing money will be higher, and it may even be impossible to borrow money.

Credit cards provide a choice between using debt to finance debt and drinking poison to quench thirst, causing debt to get out of control.

In addition, many "benefits" are actually hidden traps.

Short-term preferential interest rates are ultimately worth the loss. A certain percentage of people let emergency financing turn into long-term debt. Therefore, don’t be tempted by short-term low interest rates and make unnecessary borrowing.

Too much personal credit limit is not only not evidence of good credit (repayment record is), but it is a risk in the eyes of financiers, which may actually push up borrowing interest rates.

Gifts from rewards programs tend to gather dust in the garage, and instead of spending money to get the freebies, it’s more economical to just save money.