Extended data:
If your credit card is not activated after receipt, or the number of activated swipes does not meet the requirements of the bank, the bank will charge an annual fee of a specified amount after one year. The annual fee is included in the bill. If you can't repay on time, the bank will treat you as unpaid in every bill before you repay the annual fee, and report it to the personal credit information system of China People's Bank. Once you have a bad record in the personal credit information system, it will affect you to apply for loans or credit cards from all financial institutions in the next two years.
Therefore, if you don't use a credit card, it will also cause annual fee deduction. If you don't pay attention to it, it may form overdue records of arrears, which will eventually affect the credit report. What if the credit card is not used? If you don't want to use this card and don't want to incur any expenses, there is only one way to cancel it by calling the bank. After cancellation, there will be no charge for this card.
If you tell the bank that your credit card is lost, the bank will not waive your annual fee, and will ask you to report the loss of your credit card and pay a fee for it. If you want to keep using it, it's easy. As long as the credit card consumption reaches the number stipulated by the bank, there will be no annual fee next year.
Many people accidentally throw away their credit cards, resulting in the accumulation of annual fees and overdue personal accounts. Therefore, it is particularly emphasized here that you must not apply for credit cards at will. Once the application is successful, you must make good use of them. After not using them, make sure that there is no debt and balance before canceling them.
Credit card cancellation also has a 45-day period. Never use your credit card again during this period, otherwise it will be recorded in your personal credit report.