First, it will affect the future card opening.
Whether the credit card is activated or not will be recorded in the personal credit report. If the user has handled too many inactive credit cards, the bank will consider the user's debt and repayment ability when it needs to handle the credit card again, which will affect the bank's credit card approval for the cardholder.
Second, there are security risks.
Some banks' credit cards can only be activated by verifying the ID number, so if the cardholder does not activate the credit card himself, it will increase the risk of others activating the stolen credit card. In addition, if you use the magnetic stripe information on the credit card, the user's information will also be leaked.
Third, personal credit information is affected.
If users apply for special bank cards such as platinum cards and customized cards, the bank will charge an annual fee. If the credit card is not activated, the annual fee will be recorded in the user's account in the form of arrears. If the user fails to pay this part of the fee, it will be overdue and affect the user's credit situation.
Credit card annual fee description is not activated.
According to the regulations of CBRC, under normal circumstances, banks are not allowed to charge annual fees to inactive credit card holders, but CBRC also stipulates that annual fees can still be charged unless there is a contract or agreement between the bank and the applicant, that is, if the credit card is inactive.
For some special bank cards, such as high-end cards, customized cards, etc., due to the high cost of business card printing and many value-added services, banks will charge an annual fee. In this case, the user may be overdue due to the annual fee generated by the inactive credit card.
In fact, for activated credit cards, many banks have also introduced a policy of exempting annual credit card fees. The common policy of exempting the annual fee for credit cards is to exempt the annual fee for the following year after swiping the card for a certain amount or number of times.
For the above contents, please refer to China News Network-Do you need to pay an annual fee if the credit card is not activated?