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What other risks will occur after the credit card is cancelled?
As for the risks that cardholders still face after the direct cancellation of credit cards, the insiders believe that commercial banks are mainly to prevent moral hazard. On the one hand, after the cardholder cancels the credit card, the information on the magnetic stripe of the credit card still exists. If the criminals collect personal information and then resubmit the credit card application to the bank, there may be a danger of being stolen.

on the other hand, if some unscrupulous cardholders deliberately lie to the bank about the loss of their credit cards, they will directly cancel them and then revive them by other means, so the bank will face certain risks.

the safest way for a cardholder is to report the loss first and then cancel it, because many banks' credit card articles stipulate that the losses caused by the loss of a credit card before the loss is reported shall be borne by the cardholder, and the losses caused after the loss report takes effect shall not be borne by the cardholder.