What is the meaning of bank sleep card?

It is in a dormant and frozen state after being not used for a long time. For example, if a personal bank account (including debit card, current passbook and credit card) and corporate bank settlement account opened by China Construction Bank has no transaction records within 6 months from the date of account opening or activation, CCB will suspend the account. For non-counter business of the account, the account owner needs to re-verify the identity of the account owner, valid ID and other account opening documents through any CCB branch nationwide before the account function can be restored.

Sleep cards are divided into debit card sleep cards, quasi-credit card sleep cards and credit card sleep cards. Debit card sleep card refers to a card that has not had any financial transactions (excluding interest settlement, inquiry) initiated by the cardholder for more than 12 consecutive months, such as consumption, cash deposits and withdrawals, and transfers, and the deposit balance is less than 10 yuan; quasi-credit Sleeping card refers to a card that has not had any financial transactions (excluding interest settlement, inquiry) initiated by the cardholder for more than 6 consecutive months, such as consumption, cash deposits and withdrawals, transfers, etc., and the deposit balance is less than 10 yuan; credit card sleeping card Refers to a card that has no active financial transactions such as consumption, cash deposits and withdrawals, and transfers (excluding interest settlements and inquiries) initiated by the cardholder for more than 6 consecutive months, and the deposit balance is less than 10 yuan. The issuance of domestic credit cards is rising every year. Banks invest a lot of manpower and material resources in the issuance of credit cards every year. However, the activation and usage rates of issued credit cards are relatively low, causing banks to waste a lot of financial and material resources. It is reported that the current credit card activation rate in my country is less than 40%, and the probability of dormant cards is very high. The issuance cost of each credit card reaches 100 yuan, which is equivalent to a bank wasting more than 60 yuan in cost for every credit card issued.

For automatic account cancellation, each bank’s management is different. China Merchants Bank needs to meet two conditions at the same time and maintain it for three years before it will automatically cancel the account: first, the account balance is zero; second, the card has not signed any other business, such as third-party custody. China Merchants Bank: We will not automatically cancel the account. If the monthly average daily total assets do not reach 10,000, we will charge an account management fee of 1 yuan per card per month. To cancel the account, the cardholder needs to bring the card to a China Merchants Bank branch and make a written application for reporting the loss. The card can be reissued after 7 days, and the account can be canceled at that time. In addition, the issue of "sleep card" charges is a matter of concern to many cardholders. Most banks will charge corresponding annual fees and small account management fees. In other words, although these bank cards are "sleeping", money will be deducted as soon as they "wake up".

What to do if the credit card is in sleep state? Depends on card needs!

With the continuous popularity of credit cards and various credit card discounts, many cardholders have more than one credit card in their hands. Some credit cards have not been used after activation, and they may be in a sleep state for a long time. It can no longer be used. So, what should we do with the credit card’s sleep state? Let’s find out together below.

The credit card’s sleep status will become a sleeping credit card. Generally, as long as the credit card does not conduct any consumption, cash deposits, withdrawals, transfers and other financial transactions (excluding interest settlement and inquiries) for more than 6 consecutive months, it will in sleep state. Although the sleep card is not used, there are security risks and may even cause bad credit.

For example, if a cardholder fails to properly manage a sleeping credit card, the card may be lost, and the card information may be illegally stolen and the credit card may be stolen. Or it may be activated and used by someone else under your name, which will virtually increase the security risk. In addition, even if the sleep card is not used for a long time, it may still be deducted, such as annual fees, and if it is not repaid in time, it will affect your credit report and even incur high interest rates.

For this reason, cardholders must handle sleep cards properly.

As for what to do, it depends on the cardholder’s willingness to use the card. If you want to use the card, it is recommended to directly call the customer service number of the card issuer to reactivate the credit card. If you do not plan to use the card, then simply cancel the credit card.

If you want to cancel the sleep card, you must first make sure there is no debt or overpayment on the credit card. If there is a debt, you must pay off the debt, and if there is an overpayment, you must withdraw the money. , and then call the card issuing bank’s customer service to cancel. It should be noted that there is a 45-day waiting period for successful credit card cancellation. During this period, it is necessary to ensure that there are no arrears and balances, otherwise the cancellation will fail.

The above is the relevant introduction of "What to do when the credit card is in sleep state", I hope it will be helpful to everyone.

Finally, I would like to remind everyone that there are various risks in the credit card sleep state, so you should avoid credit card sleep and apply for a card according to your own card application needs, so as not to waste resources.

What does a credit card sleep card mean?

The so-called sleep card in the credit card industry is a card that has not been used at all for a certain period of time or a period of time, or for new applications. The cards you receive have no activation function and are not activated, which are called sleep cards. Or cards that have not been used once within a year after activation are regarded as quasi-sleep status or low usage status or rarely used cards. .

Sleep cards are divided into debit card sleep cards, quasi-credit card sleep cards and credit card sleep cards. Debit card sleep card refers to a card that has not had any financial transactions such as consumption, cash deposits and withdrawals, or transfers (excluding interest settlement and inquiries) initiated by the cardholder for more than 12 consecutive months, and the deposit balance is less than 10 yuan; quasi-credit Sleeping card refers to a card that has not had any financial transactions (excluding interest settlement, inquiry) initiated by the cardholder for more than 6 consecutive months, such as consumption, cash deposits and withdrawals, transfers, etc., and the deposit balance is less than 10 yuan; credit card sleeping card Refers to cards that have not had any financial transactions such as consumption, cash deposits and withdrawals, or transfers initiated by the cardholder for more than 6 consecutive months (excluding interest settlement and inquiries), and the deposit balance is less than 10 yuan.

Some bank sleep card cancellation regulations:

ICBC: If the average daily balance of the account in the current quarter is less than 300 yuan, the bank will automatically deduct a management fee of 3 yuan per quarter from the account. , 10 yuan annual fee. If you are in arrears for one and a half years, the bank will automatically cancel the account. Resumption of use requires payment of arrears.

Agricultural Bank of China: If the average daily balance of the account in the current quarter is less than 500 yuan, the bank will automatically deduct a management fee of 3 yuan per quarter and an annual fee of 10 yuan. If you are in arrears for 18 months, you will be automatically converted into a "sleeping household". The arrears must be paid when canceling the account.

Bank of China: The debit card will be charged an annual fee of 10 yuan every year. If the balance is insufficient, arrears will occur. If you want to cancel or re-use the account, you need to make up the arrears. Accounts that have a zero balance for more than a year and have not been used for three years will be canceled by the bank.

CCB: If the average daily balance of the account in the current quarter is less than 300 yuan, the bank will automatically deduct a quarterly management fee of 3 yuan and an annual fee of 10 yuan. If the account balance is zero and there is no transaction for 3 consecutive years (including 3 years), the bank will automatically cancel the card.

BoCom: Debit cards will be charged an annual fee of 10 yuan every year. If the annual fee is not deducted for 2 consecutive years, the bank will automatically cancel the card for the customer. In the meantime, if the customer cancels the card by himself, he will need to pay the outstanding balance.

China Merchants Bank: If the average monthly balance is less than 10,000 yuan, an account management fee of 1 yuan will be deducted every month, and the bank will not take the initiative to cancel the card. If the customer actively cancels the card, he must make up for the account management fee owed and go to any branch to cancel the account with his ID card and password.

What does the credit card sleep state mean?

The credit card sleep state refers to a card that has not been used for a certain period of time or a certain period of time after opening the card, or it is a new card. The applied card is not activated after being removed and the card is in the initialization state, which is called a sleep card. It should be noted that the sleep card also requires an annual fee. Failure to pay it will result in a bad credit record.

After the applicant successfully applies for a credit card, the card-issuing bank will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.

The credit card must have at least the following information:

Front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark, name in English or Pinyin, date of activation (generally calculated to months), validity date (generally calculated to months), the latest issued card is equipped with a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts.

Back: Card magnetic stripe, cardholder signature field (signature required after activation), service hotline number, last four digits or all of the number (to prevent fraudulent use), credit card security code (on the back of the credit card) On the signature line, the three digits immediately following the last four digits are used for credit card activation, password management, television, telephone and online transactions, etc.).

The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded.

After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction.

How to activate the credit card sleep card? Failure to activate may cause these hazards!

Nowadays, it is not uncommon for people to have several credit cards, and many of them may be dormant cards. Although these cards may have never been activated, they will still have various effects on the cardholders. Yes, so it’s better to deal with the sleep card as soon as possible. If you need the card, activate it. If you don’t want to use the card, just cancel it. Let’s introduce how to activate the credit card sleep card.

1. The dangers of not activating the credit card sleep card

1. The sleep card may also be deducted:

Although the sleep card is not activated, some high-end platinum cards The annual fee will be deducted directly if the card and unlimited card are approved successfully. In addition to deducting the annual fee, there are also some special credit cards that involve card production technology. Card production fees will be charged. If the card is successfully verified, it will be directly deducted from the credit card account. If the repayment is not made in time, it will be overdue, affect your credit, and may lead to a breach of contract. money and interest.

2. The sleep card will also be included in the credit report:

If the credit card is successfully reviewed, it will appear in the credit transaction information details in the personal credit report, regardless of whether it is activated or not. Such cards are wasteful for individuals and banks, increase risks, and may affect subsequent credit business processing.

In addition, sleep cards are easy to be stolen, so everyone should activate the sleep card as soon as possible. If you really don’t want to use it, don’t waste it, just cancel it.

2. Credit card sleep card activation method:

Before activating the sleep card, you must first check whether the card has expired. If it has expired, there is no need to activate it. If it is within the validity period, you can choose the activation method according to the card application channel. For example, applying at the counter generally does not require an interview. You can directly call to activate after getting the credit card. If you apply online, you may need to go to the counter for an interview before you can activate.

If you really don’t know how to activate it, then call the credit card customer service directly to consult the credit card customer service. If you can activate it by phone, you can ask the customer service to help you.

The above is the relevant introduction to "How to activate the credit card sleep card". All in all, sleeping credit cards are extremely harmful. If you need to use the card, you should activate it as soon as possible. If you don’t want to use the card, cancel it as soon as possible. However, in the end, I still want to remind everyone to try to apply for a credit card based on your own needs, so as not to waste resources and bring various consequences when getting a credit card.

Can the credit card sleep state be used? There are two possibilities here!

A cardholder was rejected when applying for a bank loan because the sleep card under his name was overdue, but the card had never been activated. Why was it also overdue? In fact, even if the credit card is in sleep mode, it may still be charged. In this case, it is recommended to activate the sleep card, pay off the balance, and use it for a period of time before applying for a loan. So, can the credit card sleep state be used? Let’s find out together below.

1. What does the credit card sleep state mean?

There are two situations here:

1. The credit card has not been used for a long time after it was opened, especially the card has not been used once within a year;

2. The newly applied credit card has not been activated and is in an uninitialized state.

2. Can the credit card be used in sleep mode?

First of all, check the validity period of the credit card. If it exceeds the validity period, it cannot be used. If you want to use the card, you must apply again. For sleep cards that cannot be used, it is recommended to cancel them. You can call the customer service of the card issuing bank. To apply for cancellation, the premise is to ensure that there are no arrears and balances on the credit card.

As long as the validity period has not expired, it can generally be used. You only need to activate the credit card to use it. As for how to activate, there are many ways, but the most reliable and direct method is to call the customer service of the card issuing bank. This way, you can inquire about the card status, and second, you can activate it with the help of customer service. It can be said that it kills two birds with one stone.

The above is the relevant introduction to "Can the credit card be used in sleep mode?" As can be seen from the above introduction, as long as the sleep credit card has not expired, it can be activated and used. If you don't know how to use it, the best way to apply for a card is to call the credit card customer service directly for consultation. It should be reminded here that sleep credit cards have certain risks. If you do not want to use the card, it is best to cancel it as soon as possible to avoid various consequences.

That’s it for the introduction of sleep credit card.