Do I have to cancel my credit card?

yes. It also depends on the situation.

the first type is a credit card that is not activated. Generally speaking, a credit card that is not activated will not generate an annual fee, so if it is not used, the user can cancel it, which has no impact on the individual. If it is a high-end card, it may generate an annual fee if it is not activated. Therefore, if users don't use it, it's best to cancel it at the bank, so as to avoid the annual fee that leads to overdue.

the second type is an activated credit card. Then, in this case, if the number of swipes specified by the bank is not reached, an annual fee is required. Therefore, if users don't use it, they can take their ID cards and credit cards to the bank for cancellation. If the user does not cancel or use it, after deducting the annual fee from the bank, the user will be overdue, which will cause personal credit stain and have a great impact on future loans.

Extended information:

Precautions:

Generally, the cardholder should call the bank to confirm whether to cancel the account 46 days after the card is cancelled, so as to prevent the bank from failing to cancel the card for some reasons, but the cardholder thinks that the card is cancelled successfully, which will cause unnecessary troubles in the future.

cut short the magnetic stripe when canceling the credit card. The complete card may still be used in some places, and the safest thing is to discard the fragmented credit card in different places.

Baidu Encyclopedia-account cancellation

Do you need to cancel the credit card?

It depends on the situation. The first one is the credit card that has not been activated. Generally speaking, there is no annual fee for an inactive credit card, so users don't have to cancel it if they don't use it, which has no influence on individuals. However, if some high-end cards are not activated, an annual fee may also be incurred. Therefore, if the user doesn't use it, it's best to cancel it at the bank, so as not to cause the annual fee to be overdue.

the second type is an activated credit card. Then, in this case, it is necessary to charge an annual fee if the number of swipes specified by the bank is not reached. Therefore, if users don't use it, they can bring their ID cards and credit cards to the bank for cancellation. If the user does not cancel or use it, after deducting the annual fee from the bank, the user will be overdue, which will cause personal credit stain and have a great impact on future loans.

note: when users cancel their credit cards, they can't cancel them immediately after processing. Generally speaking, after going through the cancellation procedures, there will be a period of liquidation. At this time, users should not use the credit card again, otherwise it may lead to unsuccessful cancellation.

do I need to cancel my unused credit cards?

I must cancel my unused credit cards.

Before cancellation, make sure that there are several things, that is, there are no outstanding bills in the card. After confirming these two things and deciding not to use them, you can decisively call the customer service of the credit card and cancel it.

a CreditCard is a credit certificate issued by a commercial bank or a credit card company to a qualified consumer. The form of credit card is a card with the name of issuing bank, expiration date, number, cardholder's name and other contents printed on the front. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the specified amount.

the earliest credit cards appeared at the end of 19th century. In the 198s, the British clothing industry developed the so-called credit card, and the tourism and business sectors also followed this trend. However, at that time, the card could only be used for short-term commercial credit, and the money still had to be paid as needed, and there was no long-term default and no credit line. In 195s, McNamara, an American Manhattan credit expert, dined in a restaurant. Because he didn't bring enough money, he had to ask his wife to send money. This made him feel very embarrassed, so he organized DinersClub (English: Diners Club). Members can charge their expenses by bringing a dining charge card to 27 designated restaurants without paying cash. This is the earliest credit card. Franklin National Bank was the first bank to issue credit cards, and other American banks followed suit.

It is said that one day, Frank McNamara, an American businessman, entertained guests at a restaurant in new york. After eating, he found that he had forgotten his wallet with him, so he was deeply embarrassed and had to call his wife to bring cash to the restaurant to settle the bill. So McNamara came up with the idea of creating a credit card company. In the spring of 195, McNamara and his good friend Schneider jointly invested 1, US dollars to establish DinersClub, the predecessor of Diners Credit Card Company, in new york. Diners' Club provides members with a card that can prove their identity and ability to pay. With this card, members can keep accounts and spend money. This kind of credit card that does not need to be handled by a bank is still a commercial credit card.

don't I have to cancel my credit card?

there are two kinds of credit card processing: activated and inactive. it is ok to use the inactive card, and the activated card must be cancelled.

1. Inactive: If the credit card is in an inactive state after processing, it means that the card has been cancelled and cannot be used, and it will not cause any adverse effects or losses to the cardholder, so the card may not be used.

2. activated: all activated credit cards have an annual fee, which needs to be swiped for a corresponding number of times every year before it can be reduced or exempted. If activated, unused and unpaid annual fee will have a negative impact on the overdue record of credit cards, and interest will be charged, so you must cancel the card if it is not used.

Extended information:

A credit card, also called a debit card, is a credit certificate issued by a commercial bank or credit card company to a qualified consumer.

it is in the form of a card with the name of the issuing bank, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back.

consumers with credit cards can go to the special commercial service department for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

The credit card stipulated by relevant laws in China refers to an electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

On December 1, 217, the English Translation and Writing Standard for Public Service was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when spending, and the repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit.

The credit card generally refers to a debit card only.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

Main features of credit card:

① Credit card is one of the fastest-growing financial services today, and it is an electronic currency that can replace traditional cash circulation in a certain range;

② Credit cards have both payment and credit functions. Cardholders can use it to buy goods or enjoy services, and they can also obtain certain loans from card issuers by using credit cards;

③ Credit card is a high-tech product integrating financial business and computer technology.

④ Credit card can reduce the use of cash and currency;

⑤ Credit card can provide settlement service, which is convenient for shopping and consumption and enhances the sense of security;

⑥ Credit card can simplify the collection procedures and save social labor;

⑦ Credit card can promote commodity sales and social demand.

This concludes the introduction of whether credit cards need to be cancelled or not. Did you find the information you need?