After all, the cancellation of credit cards cannot eliminate the bad records caused by overdue. Many cardholders cancel their credit cards after the deadline. They checked the credit information and found that the overdue records were still kept, the status of the credit card was frozen, and the credit information would not be restored after 5 years.
So before you cancel your credit card, you'd better check the overdue record of this card. If it is overdue for nearly five years, don't cancel the card in a hurry. It is best to continue to use the credit card for two years, cover the bad records with new records, and then wait for five years for the bad records to disappear completely.
As for those who have no bad records within five years, they can be cancelled, but there are also several issues to consider:
One is that it is difficult to issue cards after cancellation, like credit cards of state-owned banks. Issuing cards is not easy in itself. It is difficult to approve the card and then cancel it. It may not be approved next time. If you are really dissatisfied with your credit card, you don't need to cancel it. You might as well apply for another credit card first, and then cancel this card.
One is to cancel the account or card. Simply put, it is to cancel all the cards in this bank, or just cancel one of them. The former chooses to cancel the account and the latter chooses to return the card.
Credit card product category:
1. According to different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or they can withdraw cash at any time at the outlets of the issuing bank or at places with ATMs.
Non-bank card. This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are specially used for shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment card is a credit card issued by airlines, travel companies and other service industries, which is used for ticket purchase, dining, accommodation, entertainment and so on.
2. According to different card issuers, it can be divided into corporate cards and personal cards.
Company card. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, state party and government organs, armed forces, organizations and other legal person organizations.
Personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. The personal card is applied in the name of an individual and bears all the responsibilities for its use.
3. According to the credit status of the cardholder, it can be divided into ordinary cards and gold cards.
Ordinary card. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and the requirements are not high.
Gold card. Gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are institutions with high credit, strong repayment ability, credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are wider, so the requirements for related service fees and deposits are higher.
According to different payment methods, credit cards can be divided into credit cards and quasi-credit cards.
Credit card. That is, when the issuing bank provides bank credit, it overdraws first, and then repays or pays in installments. Most of these cards are used for international circulation. In other words, the way to allow cardholders to pay off their credit card accounts is "consume first, then deposit". Most of these cards are used for international circulation.
Quasi-credit card It is a credit card issued by a bank, which deposits first and then consumes. When applying for a credit card, the cardholder needs to deposit a certain amount of money in the issuing bank in advance as a backup. The cardholder needs to use the card on the basis of the deposit balance, and generally no overdraft is allowed.
Credit cards can be divided into international cards and regional cards according to their different circulation ranges.
International card. International card is a kind of credit card that can be used outside the issuing country and is universal. MasterCard, VISA Card, American Express Card, American Express Card, JCB Card and Diner Club Card issued by five overseas groups (MasterCard, Visa International, American Express Card and Diner Club Card) are international cards.
Area card. Regional card is a kind of credit card that can only be used in the country or region where the issuing bank is located. Most credit cards issued by commercial banks in China belong to regional cards.