Canceling a credit card does not require any money, but most banks will require that all outstanding balances be paid off and that there is no overpayment on the card before canceling the credit card. If the debt is not settled, the cancellation business cannot be successfully processed. When the bill is not repaid on time, it will become overdue, and the bad record will be recorded in the credit record of the People's Bank of China. At the same time, the annual fee must be confirmed before cancellation. If the annual fee is not settled, fees will continue to be incurred even if the card is canceled. Before canceling a credit card, you need to carefully check the following three things:

1. All credit card debts must be settled

2. There is no overpayment on the credit card

3. The annual fee of the credit card for the current year has been reduced or paid

The method of canceling a credit card is as follows:

1. Call the bank’s credit card center and ask about cancellation related matters. It mainly depends on whether your card has Suitable for cancellation, whether there is a balance, etc.

2. Use the phone to cancel the credit card. After the bank receives the call, it will accept the user's application for canceling the credit card and deduct the annual fees receivable for all cards under the account. The account balance is zero or the customer has made it clear Indicates giving up the remaining balance in the account.

3. Go to the bank counter to formally cancel the credit card. The cardholder must bring his or her ID card and the credit card to be canceled to the bank to fill out a card cancellation application form. The card may be collected first and the corresponding card cancellation procedures will be done one month later. However, you can also directly make an appointment to cancel the account on the day of card cancellation.

Warm reminder: Once a consumer discovers a bad record on a credit card, do not cancel the credit card. Instead, they should continue to use it after paying off the balance, and use good records to cover the previous negative records to prove creditworthiness. The situation is improving. Cardholders should develop the habit of regularly checking their credit reports. Once they find that they have a bad credit record, they will correct it or be encouraged to do so. If they are not clear about the cause of the bad record, they can go to credit reporting centers across the country or Log in to the Internet personal credit information service platform to make inquiries. Once you find account information that is inconsistent with the actual card holding situation, you can promptly report or correct the error to the bank to avoid taint on your personal credit. In addition, protecting personal credit requires daily accumulation, such as proactively maintaining open communication channels with banks and paying attention to updating personal information.