What happens if you don’t use your credit card after it is activated? These consequences must be clear

We all know that after receiving a credit card, it needs to be activated before it can be used. However, many cardholders find that after activating their credit cards, they find that they have no consumption needs, so they put the credit card aside and ignore it. So, what happens after you activate your credit card and don’t use it? Are there any adverse consequences? Let’s find out together below.

A credit card is a credit card issued by a bank for overdraft consumption in advance. After activation, you can swipe the card for consumption, withdraw cash for emergencies, and even provide cardholders with large-amount cash installment products. Of course, cardholders can also choose not to use a credit card after activation, but there will inevitably be some impacts:

1. There will be an annual fee. The annual fee is a mandatory fee for credit cards. Except for those credit cards that are exempt from annual fees during the validity period stipulated by the bank, most ordinary credit cards can reduce the annual fee by the number of card swipes. Therefore, if you don’t use it after activating the credit card, then this The annual fee will be deducted from the credit card limit.

2. It will affect credit. If the credit card is activated and the annual fee is deducted if the credit card is not used enough times, and the cardholder fails to repay the payment in time, it will be overdue. There are many consequences of overdue payment, the most important of which is that it will affect the cardholder's credit.

3. It will affect the quota increase. Many cardholders' credit card limits are too low and they don't use them after activation. They think that when banks see that they don't use their credit cards, in order to avoid losing customers, they will take the initiative to increase the limit of their credit cards. Although some banks may do this, most banks mainly increase the credit limit. It still depends on the cardholder's card usage. If the cardholder uses the card less, the limit will not be increased easily.

4. It will affect the use of cards. Some banks will control credit cards that have not been used for a long time. For example, if there is no transaction record within 180 days from the date of activation of a China Construction Bank credit card, the card will be subject to transaction control. After control, the credit card cannot be used for consumption or cash withdrawal, and can only handle counter business.

The above is the relevant introduction to "What will happen after the credit card is activated and not used". All in all, after the credit card is activated, it will mainly have the above four aspects. Therefore, if you have applied for a card and really have no need to use it, it is best to cancel the credit card.

What will happen if a credit card is opened but not used?

1. It affects personal credit. This is mainly caused by annual fees being charged on credit cards. The fees include two aspects. One is the cost of payment for special cards, and the other is the rigid annual fee for high-end cards. These will be directly deducted from the credit card limit regardless of whether the card is opened or used, and will be included in the latest payment. One installment of the bill. At this time, everyone must repay the loan in full and on time, otherwise it will be overdue and personal credit will be damaged.

Affect the card usage experience. If the credit card is not used after it is applied for, and there is no transaction record for more than 6 months, it will be easily controlled by the bank, and you may no longer be able to use the card to make purchases or withdraw cash. At this time, the card is in a semi-dead state. If you want to resume use, you can apply to the bank for reactivation.

2. It is difficult to raise the amount. Many people think that if the card is not used frequently, the bank will take the initiative to increase the credit limit for the user's consumption. In fact, this situation is very rare. On the contrary, if you do not use the card frequently, it will be particularly difficult to increase the limit. After all, the bank conducts a comprehensive assessment based on the user's credit conditions and card usage. If the card is not used, the bank will think that the cardholder has no need and give Excessively high amounts are also a waste.

3. Easily derated. Many banks will do this. For example, China CITIC Bank has previously issued an announcement that credit cards that have not generated any transaction records for more than 6 months will take reduction measures. In addition to the effects introduced above, there is also the risk of credit card fraud if you never use it. Therefore, if you really don’t want to use the card, in order to avoid risks, it is recommended to cancel it as soon as possible.

Can my credit card be unfrozen if it is frozen?

When we use a credit card, the credit card may be frozen due to some improper behaviors. So, can a frozen credit card be unfrozen?

Even if your credit card is frozen, it can be unfrozen. It mainly depends on how easy it is to unfreeze.

1. Frozen due to overdue payment

If your credit card is frozen because it is overdue for a long time, it will be kept for a period of time after you pay off the debt. If you have bad credit, you can apply to the bank for unfreezing, and most of them can be successfully unfrozen.

2. Frozen due to cashing out

If your credit card is frozen because the bank suspects that you cashed out, if you have not cashed out, explain the situation directly to the bank. Banks generally It will help you unfreeze it. If there is indeed arbitrage, you can only wait for a while and wait for the bank to calm down before trying to apply for unfreezing. Generally, if the situation is not serious, you can still successfully unfreeze.

3. The card is frozen due to abnormality

If your credit card is frozen due to abnormal circumstances, such as the card being lost, then after you find the card, You can then apply for unfreezing. Unfreezing is very easy. For example, if your account is frozen due to fraud, the bank will unfreeze it for you after handling the relevant matters.

What will happen if the credit card is activated and not used?

1 If the credit card is activated but not used, an annual fee will be incurred, which will undoubtedly increase the cost of the cardholder. If not Using a credit card also adds to the burden on the cardholder. Instead, use a credit card to avoid the annual credit card fee.

2 If the cardholder forgets to repay the credit card after the annual fee is charged, it will have a negative impact on the personal credit report.

3 After the credit card is activated, if you do not use it for a long time, the bank will think that the cardholder has no need, and the credit limit of the credit card will be reduced over time.

A credit card is a credit card issued by a bank for overdraft consumption in advance. After activation, you can swipe the card for consumption, withdraw cash for emergencies, and even provide cardholders with large cash installment products. Of course, cardholders can also choose not to use a credit card after activation, but there will inevitably be some impacts:

1. There will be an annual fee. The annual fee is a mandatory fee for credit cards. Except for those credit cards that are exempt from annual fees during the validity period stipulated by the bank, most ordinary credit cards can reduce the annual fee by the number of card swipes. Therefore, if you don’t use it after activating the credit card, then this The annual fee will be deducted from the credit card limit.

2. It will affect credit. If the credit card is activated and the annual fee is deducted if the credit card is not used enough times, and the cardholder fails to repay the payment in time, it will be overdue. There are many consequences of overdue payment, the most important of which is that it will affect the cardholder's credit.

3. It will affect the quota increase. Many cardholders' credit card limits are too low and they don't use them after activation. They think that when banks see that they don't use their credit cards, in order to avoid losing customers, they will take the initiative to increase the limit of their credit cards. Although some banks may do this, most banks mainly increase the credit limit. It still depends on the cardholder’s card usage. If the cardholder uses the card less, the limit will not be increased easily.

If the credit card is not used for a long time, it is best to cancel it directly, because if the credit card is not used for a long time, it will not only be charged an annual fee because it does not meet the annual fee exemption rules, but also the bank will automatically reduce the limit. Once lost, the credit card will be charged. Causing losses due to theft. If you want to cancel your card, you can not only bring your ID card and credit card to the bank counter for cancellation, but you can also call the bank customer service center to explain the reason and ask to cancel your credit card. The bank staff will verify the identity of the cardholder. Once the information is correct, we will proactively cancel the account for the customer. The credit card cannot be used after pre-cancelling the account, and no other fees will be incurred. However, customers should call the bank's credit card customer service center again 45 days after the pre-cancellation to confirm whether the account has been officially closed. After successfully canceling the card, it is best to cut the credit card to prevent it from being used by others after being lost. If the bank card amount is deducted until the balance reaches zero, it will automatically be converted into a "sleeping card". In short, for "dormant cards" that are no longer used, you should go to the bank or call customer service to cancel them as soon as possible to avoid unnecessary trouble in the future.

This is the end of the introduction about what will happen if the credit card is activated and not used and what will happen after the credit card is activated and not used. I wonder if you found the information you need?