Some people may not know that credit cards can go dormant. What is going on? After a credit card goes dormant, how do we restore it? Let’s take a look.

Why is the credit card dormant?

The so-called credit card dormancy status means that the cardholder's credit card has not made any consumption, cash deposits, withdrawals, transfers, etc. for more than 6 consecutive months. If there is a transaction (excluding interest settlement and inquiry), the bank will put the credit card into sleep state.

However, sleeping credit cards may also be charged fees, such as annual fees. If the cardholder fails to repay in time, it will affect the personal credit report and even generate high interest rates. . Therefore, the credit card must be reactivated when it goes to sleep.

What should I do if my credit card is dormant

The so-called credit card dormancy status means that the cardholder’s credit card has not conducted any consumption, cash deposits, withdrawals, transfers and other financial transactions for more than 6 consecutive months ( If there is no interest settlement or inquiry), then the bank will put the credit card into sleep state.

However, sleeping credit cards may also be charged fees, such as annual fees. If the cardholder fails to repay in time, it will affect the personal credit report and even generate high interest rates. . Therefore, the credit card must be reactivated when it goes to sleep.

Hibernating credit cards that have not been used for a long time

In addition to the possibility that unactivated credit cards will become dormant cards, if the user does not use the credit card for a long time after activating the credit card, the credit card may also be in dormant status. Sleep state. At this time, if the user wants to resume use, he must ensure that the card status is normal. After all, only a credit card in normal status can swipe the card for consumption and increase the credit card limit. Moreover, credit cards that have not been used for a long time are easily controlled by the bank and may not be used for offline consumption. Therefore, users can try to swipe the card first. If the transaction fails, the user only needs to apply to the bank to restore the card status. However, whether the credit card can return to normal status depends on the bank's approval results.

So, the reason why a credit card goes dormant is generally because the credit card has not been activated or has not been used for a long time. If you want to activate a dormant credit card, you must take corresponding measures according to the reason for the dormancy.