There is no need to pay any fees for credit card cancellation, but most banks require credit cards to settle the money in the card when they cancel. If they don't settle the account, there will be an annual fee, and a handling fee will be paid to withdraw the balance in the card.

Of course, it should also be noted that if your credit card is cancelled after it is overdue, the unpaid part of the credit card will still generate interest, even interest. Moreover, once the credit card is cancelled, the overdue record will always exist in the credit information system, which is unfavorable for future study and loans. If the card is not returned and the repayment is overdue, the bad record will be covered in about five years.