What to do if a credit card expires after five years

Generally, when a credit card expires, the cardholder does not need to go to the bank to replace the card, nor does he need to apply to the bank for a card replacement. The bank will change your card to a new one.

Generally, one month before your credit card expires, the bank will send you a text message notification for card expiration, and send you a new card directly to the information you filled out when applying for the card. Shipping address.

If you are not going to continue using the card, it is best to call the customer service of the card issuer as soon as you receive the SMS notification and tell them that you do not need to send the card anymore. The customer service will ask you to pay off the credit card balance. After that, no new card will be sent to you, and the old card will be automatically deactivated when it expires.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay;

A quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

Application

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply to the card-issuing bank. Apply for a credit card. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank.

After the customer fills in the application form truthfully, he or she must also submit relevant credit certificates while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

Cancellation

Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted.

What to do after the credit card usage period expires

1. You can apply for renewal or cancellation.

2. If you want to use the credit card again, you can directly Call the card-issuing bank and apply for credit card renewal. If the user's choice remains unchanged, the bank will mail the same credit card. If the user does not have this requirement, he or she can choose a brand new credit card. The old card will become invalid after expiration or after the new card is activated;

3. The customer no longer wants to use the credit card. Apply to the card-issuing bank for cancellation, and the bank will not issue a new credit card after review. If the user does not want to cause inconvenience in the future, he must settle the credit card balance and apply for account cancellation before the credit card expires. The above is related to what to do when your credit card expires.

4. The general steps for applying for a bank credit card are to choose the bank where the card is issued, apply at a bank service point or online banking, wait for bank approval, and obtain and activate a physical bank credit card. The standards for applying for a credit card vary from bank to bank. The following are the basic requirements of some banks for credit card applicants: The age of the applicant meets the requirements for applying for a bank credit card, and the applicant must be between 18 and 65 years old. ; The applicant must have a stable job, stable income, and be sure to have the ability to repay the loan; the applicant must have a very high credit score and no bad records; the applicant must be a person with full capacity for civil conduct.

1. Credit card (English: CreditCard), also called credit card. It is a non-cash transaction payment method and a simple credit service.

Credit cards are generally 85.60 mm long, 53.98 mm wide, and 1 mm thick, special carrier plastic cards with consumer credit. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.

2. Credit cards are issued to cardholders by banks or credit card companies based on the user’s creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases, and will pay back the card on the billing date (English: BillingDate). payment. Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards issued by banks and give cardholders a certain credit limit, and the cardholders can consume within the credit limit and then repay; quasi-credit cards It refers to a quasi-credit card issued by a bank, and the cardholder is required to deposit a certain amount of reserve fund. When the reserve account balance is insufficient to pay, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

How to handle an expired credit card

1. What to do if a credit card expires

1. The credit card has expired and cannot be used. You can apply to the bank for card renewal.

2. A credit card cannot be used when it expires. Usually the bank will send a notice to the cardholder to renew the card about two months before expiration. If the cardholder does not apply to terminate the card, the bank will By default, you agree to renew the card, and a new card will be printed and mailed to the billing address one month before the card expires.

3. After getting the new card, the old card can be used until the expiration date, but if the new card is activated, it will become invalid immediately. The new card carries the accounting information of the old card. Except for the validity period and security code, the credit card remains the same as before.

2. What to do if your credit card is overdue

1. Pay off the balance in full. The longer the overdue period, the more penalty interest will be incurred. In addition, if it exceeds three months, you will also be legally responsible.

2. Be sure to answer the bank’s phone call. If you don't answer the phone, the bank will think that the payment is overdue on purpose, and may even run away and treat it as a malicious overdraft.

3. Continue to use your credit card and repay it on time. If there is an overdue record on your personal credit report, it will be kept for five years. During this period, you need to use your card healthily to wash away the stain. Good card use behavior will slowly reduce your overdue record. The records were covered up.

3. How long does it take for overdue personal credit records to be eliminated

1. If there is any objection to the first type, you can apply to the central bank to eliminate the erroneous record. If there is an error in the information entered on the personal credit report, you can go to the local central bank and file a cancellation application, which can usually be resolved within ten working days after the application is accepted;

2. The second option is to wait for the bad records to be automatically eliminate. If you have had a bad record on your personal credit report due to an overdue credit card before, if you pay off the debt, the bad record will be automatically eliminated after five years. There are two types of overdue credit records. If a credit card is overdue, its overdue records will be retained for two or more years.

3. If the loan has bad credit, it will not be eliminated within five years. It is stipulated that the bank system updates the personal credit information database once a month, and the interval generally does not exceed two months. The information that can be queried in the personal credit record is 1 to 2 months ago. If there are overdue records, the time to check the credit report depends on the update time of each bank.

(1) The central bank will record 24 months of repayment information in the credit report system. If there is a record of overdue repayment, it will be recorded on the personal credit report. It is recommended that cardholders pay off the overdue repayments. After the amount is reached, if you continue to use it for more than two years and keep good records, you can eliminate the overdue credit record.

(2) Loan credit records, according to the central bank's regulations on credit management, the information retention period is to be kept for 5 years from the date of termination of the behavior, and shall be deleted after 5 years.

4. Credit reference refers to a credit evaluation of enterprises and individuals by society, which is crucial to individuals and enterprises.

5. Credit reporting business refers to the business of collecting, organizing and saving records of some credit transactions that have occurred before for enterprises and individuals, and providing inquiries to users of these credit information.

6. If you have always repaid your loan on time, but there are bad records on your credit record, you should immediately check your corresponding transactions to confirm whether the bad records are true.

Under normal circumstances, the credit report record will not be incorrect, but if there are any problems, you can raise an objection with the lending institution or the credit report center, and they will help you correct it if there are any errors.

This is the end of the introduction about what to do if your credit card expires in five years. Did you find the information you need?