My bank card has been used for installment payment. Can I cancel the card now?

Yes, but the balance needs to be paid off.

Take ICBC as an example. How to cancel your savings card: Please bring your savings card with you (if you have a matching passbook, please bring it with you) to any business outlet nationwide to cancel the card. If the balance in the card is greater than 50,000 yuan (inclusive), you may need to adjust the account in the card or cancel the agreement, and you must provide your valid identity document. At the same time, please contact the branch in advance to make an appointment for large withdrawals.

Warm reminder: The cancellation procedures for secondary vocational student financial aid cards and military security cards are slightly different; if there is an unsettled personal comprehensive loan agreement in the card, cancellation of the card in another location is not supported. The credit card cancellation method is as follows: Please call 95588 and transfer to manual service, or go to the designated business outlet of ICBC to cancel the credit card.

Extended information

There are many hidden dangers if the bank card is not used

If the bank card is not used, you should find the card issuer to resolve it properly. Each bank has different regulations, and some users are too lazy to withdraw. Bank staff reminded that although bank cards are idle, there are many hidden dangers, such as the loss of private information.

When opening an account, our personal information will be stored on the magnetic strip of the bank card. If it is lost and handled improperly, it will accidentally cause the loss of private information. Therefore, you cannot just throw away unused bank cards. Many bank cards will incur annual fees after they are opened. If they are not used for a long time, annual fees will accumulate.

Don’t wait for the bank to contact you. The best way is to go to a bank branch to cancel your account yourself. To cancel a bank card, the cardholder only needs to take the bank card and ID card to the same bank as the card-issuing bank and apply for cancellation.

If the bank card is lost, you need to apply for a new bank card before canceling the account. After the bank teller confirms the account cancellation, he will cut the corners of the card. About a month later, the card was cancelled. If it is a credit card, you can also call the credit card center to cancel it. This avoids privacy leaks without wasting a lot of money.

ICBC - How to cancel bank cards

People's Daily Online - How to keep bank cards? This is the correct attitude

Can the credit card installment be terminated?

After the credit card installment has not been implemented by the system or within the cancellation time specified by the bank, you can directly call the customer service number or cancel the installment through online banking.

If the credit card installment has already started, the cardholder cannot cancel it. However, you can choose to repay in advance. It is worth noting that cardholders must have enough funds to repay in full before they can apply to the bank to settle the installment in advance. In addition, early repayment installment handling fees still need to be paid, but no additional early repayment handling fees will be charged.

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder, and then allows the cardholder to pay in installments The process of repaying money to the bank and paying handling fees. The bank will deduct consumption funds and handling fees from the cardholder's credit card account in installments based on the cardholder's application, and the cardholder will repay according to the monthly credit amount.

Handling fee

In general, the one-year credit card installment fee is generally lower than the 18-year cash withdrawal interest and higher than the 1-year bank commercial loan interest of 5.31. It is worth mentioning that commercial bank loan interest rates have been reduced many times in recent years, but the standards for credit card installment fees and cash withdrawal interest have rarely changed. Although the standards for credit card installment payment fees vary from bank to bank, the calculation method is roughly the same.

Assume that the installment amount is 1,200 yuan, divided into 12 installments, with each installment (month) repayment of 100 yuan, the handling fee is 0.6/month, and the actual monthly deduction is 100 1200 × 0.6 = 107.2 yuan. If other factors are not considered, the convertible nominal annual interest rate is 7.2. However, the cardholder does not always owe the bank 1,200 yuan. In the last month, he actually only owed the bank 100 yuan, but the bank still charged a handling fee of 1,200 yuan.

The main benefits of credit card installment payment:

Enjoy now, pay later.

No guarantor required and the procedure is simple.

Timed and fixed amount, easy payment.

Pay as you please with any monthly repayment amount

More space to choose payment methods.

Business type

From the perspective of the form of installment payment, when cardholders handle this business, the starting amount of a single transaction is limited, and the installment repayment grade and handling fee are limited. The standards are also different; they can be roughly divided into three categories:

The first category is carried out in cooperation between banks and special merchants, but the product types are limited;

The second category is the bank’s catalog of products , the cardholder purchases from the catalog, and the bank then entrusts the supplier to deliver the goods to the customer;

The third category is not limited to merchants and goods. After the cardholder purchases, he applies to the bank for repayment in installments. Just make a payment, and some banks even set the acceptance scope to be global.

Can I cancel a credit card if I have a balance?

Can I cancel a credit card if I have a balance?

If there is a balance on the credit card, the bank will not cancel it. The prerequisite for canceling a credit card is that all debts on the card are settled. As long as there are outstanding amounts, the bank will not cancel the card.

Therefore, if the credit card is not overdue, you can choose to negotiate repayment or borrow money to repay. No matter what, you must repay the debt, otherwise the bank will be overdue for more than 3 months.

The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged. , generally an interest of 0.05% per day.

Swiping cards for blind consumption is not like spending money one by one like paying with cash. Once you swipe, you don’t feel anything, just a few numbers, which leads to blind consumption and money flowing like water.

Excessive consumption of laptop installments, digital camera installments, and smartphone installments. While enjoying your favorite items in advance, you must also consider whether you are able to repay them.

High Interest Rates If you don’t know how to take care of your credit card and cannot repay the loan as scheduled when the final payment date comes, the bank will charge you high interest rates. (The minimum repayment for the first month of a credit card shall not be less than 10% of the overdraft amount of the month).

Credit cards that require annual fees basically have annual fees, but they basically have annual fee-free policies. For example, China Construction Bank only needs to swipe the card three times a year to waive it; but you have not swiped the card in a year to reach the bank. A specified number of times requires an annual fee.

Scam credit cards basically use password-free swiping by default. This makes it easy for someone else to swipe the card when it is lost or stolen, causing unnecessary trouble or losses; but in fact, you can also apply for a credit card. Spending by swiping the card with the password - this depends on how you manage your credit card. Of course, many people lack experience in this area and do not close the account after canceling the credit card. Some criminals re-apply for a credit card overdraft and lose money in vain. , very not worth it.

Affected personal credit record Long-term malicious arrears will naturally affect personal credit record and even be blacklisted by the bank. If you want to apply for a bank loan to buy a house or a car in the future, you may be rejected by the bank.

Cancellation Trouble CCTV once reported that a cardholder still received bank statements several months after canceling his credit card after paying off all the outstanding balances. What happened after that made him miserable. This famous article For "Credit Cards That Can't Be Repaid", he exposed the shortcomings of today's credit cards.

Although there is an interest-free period for credit cards, it is only for card consumption. There is no interest-free period for cashing out, and handling fees are also charged.

This is the end of the introduction on whether a credit card with installment plans can be canceled and how to cancel a credit card with installment plans. Did you find the information you need?