If the card is no longer needed, please destroy it completely. You can use fire, sulfuric acid corrosion, scissors, or any other method to torture the credit card until it is completely intact. The key point is to remove the card magnet. It is safest to destroy both the strip and the chip so that others cannot extract the information.

Some banking experts pointed out that credit cards are products with overdraft functions, so banks have very strict management of credit card information. Everyone’s credit card-related information will be backed up at the People’s Bank of China. Even after the credit card is cancelled, these information will be lost. Will not be deleted.

Experts say that as long as the applicant’s credit card application is approved, all the credit card information will be stored in the bank, and a record will be generated on the credit report. The cardholder’s information will also be retained on the canceled card. A lot of people's information can be extracted by people with ulterior motives through some technologies, which will still cause security issues.

So after canceling a credit card, if you want to collect it or keep it as a souvenir, please keep it well and don’t leave it casually

1. How to cancel a credit card?

Canceling a credit card is very simple. You can call the 24-hour customer service number on the back of the credit card and make a request to cancel the credit card. The customer service will verify your identity and will handle it for you; or you can go directly to a bank branch with your credit card and ID card. The counter asked the bank staff to log out.

You must do two things before canceling the card. First, make sure that there are no arrears or overpayments on the credit card. If there is any arrears, pay all the arrears. If there are overpayments, you can withdraw cash through Take it out or swipe it away; secondly, use up the points in the credit card to avoid wasting the points you have accumulated so hard. You can use the points to exchange for gifts in the credit card mall, or transfer them to others. OK.

2. Will canceling a credit card affect your credit?

In the process of using a credit card, a credit record will be generated, but whether canceling the credit card will affect your credit depends on the situation.

If you do not use the card illegally, repay it on time after consumption, and cancel the card when there is no debt and balance, it will not affect your credit. However, if you only cancel the card but not the account, your credit will not be affected. Canceled credit cards will be recorded in the credit department; and if your credit card is overdue and you cancel the credit card after paying off the balance, then the bad credit record will follow you for a lifetime. In this case, it is recommended to continue to use the card. Swipe your card frequently and spend more. After 2 years, the new credit record will cover the bad credit record, and you will have no problem canceling the card.

3. Can the credit card be restored if it is canceled?

There are two types of credit card cancellation: account cancellation and card cancellation. If you only canceled the card but not the account, you can restore the canceled card.

Go to the bank counter and ask customer service to restore your credit card, and provide your ID card and some information registered when opening the card for verification. After confirmation, the staff will handle the credit card reactivation procedures for you in a timely manner. Generally, if you apply on the same day, you can restore it on the same day, as long as your credit card is still there and has not been cut or damaged.

4. How long after canceling a credit card can you apply for it again

If you cancel a credit card from a bank and want to reapply, or cancel an old card and want to apply for another card type, generally There is no time limit. Anyway, as long as you make sure that your credit card has been canceled successfully and you have no bad credit record, you can apply at any time. However, the editor recommends that you apply at least six months apart.