What are the consequences of applying for a credit card but not activating it?

Deactivating a credit card after applying for it will have the following adverse effects:

1. An unactivated credit card may also have annual consequences. fee.

Although the China Banking Regulatory Commission stipulates that banks are not allowed to charge cardholders annual fees if their credit cards are not activated, this only applies to ordinary credit cards. If the cardholder applies for a high-level credit card or a customized card, Due to the relatively high cost of card production, this type of credit card will incur annual fees even if the cardholder does not activate the credit card.

If the cardholder is not careful, the annual fee may be overdue. Once a credit card is overdue, it will not only generate overdue interest, but also have a negative impact on personal credit due to overdue payment

2. It will affect the cardholder's ability to apply for a credit card again.

When a customer applies for a credit card from the bank, the bank will refer to the applicant's current card information. Unactivated credit cards will also account for the credit limit. If the applicant currently holds more credit cards, A higher total credit limit will result in a higher current debt ratio, which may affect your later application for a credit card.

3. Unactivated credit cards will also be reflected in the personal credit report. All our credit cards will be recorded in the personal credit report, including credit cards that are not activated. If there are more If there are too many unactivated credit cards, when applying for a credit card again, the bank may think that the applicant does not really have a need to apply for a card, resulting in rejecting the user's application for a card.

What will happen if the credit card is not activated?

If the credit card is not activated, it will not be used regularly. In order to enable customers to enjoy the various benefits of CCB credit cards as soon as possible, it is recommended that customers open and use the card immediately after receiving it. For cards that have not been activated before the card expires, CCB will not issue a new card to the customer upon expiration. Note: If the customer applies for a CCB credit card with a rigid annual fee, the annual fee will be incurred regardless of whether the customer activates it or not.

(In case of business changes, please refer to the actual situation.)

What will happen if the credit card is not activated

The inactivation of the credit card will have a negative impact on the user

If a credit card has not been activated, it will automatically expire after the validity period. However, the validity period of different banks and different card types is different. Generally, the corresponding validity period will be marked on the face of the credit card. If the user is not too clear, You can directly call the bank customer service to check your own validity period.

Users need to note that the expiration of a credit card is not the same as card cancellation. Therefore, if the user wants to cancel the card, he or she needs to follow the bank's requirements. We have also introduced the hidden dangers of credit card inactivation above. In fact, the validity period of credit card is still relatively long, and it is calculated on an annual basis. Therefore, it is not recommended that users do not activate the credit card for a long time after receiving it.

First, the credit report will record the number of all our cards, including inactive ones. Although the number of cards is a very small detail in the credit report and should not have any impact, this detail can reflect a large amount of information, such as the applicant's subjective intention, the amount of the card, and whether it is too many. Card holding, etc. This information will be used as reference information for future dealings with the bank.

Second, inactive credit cards may also be charged an annual fee. The China Banking Regulatory Commission stipulates that banks shall not charge annual fees if the credit card is not activated. However, if the cardholder does not carefully identify the provisions of the terms and conditions when applying and authorizes the bank to automatically deduct fees from the account, annual fees may still be incurred. The fees incurred will be recorded into the cardholder's account in the form of credit card debt. If the payment is not made on time, high interest and liquidated damages will be incurred, which will leave a stain on the personal credit record. There are some high-end cards and customized cards that charge annual fees, which require annual fees and cannot be redeemed or reduced. As long as the card is approved, the annual fee will be charged, regardless of whether the card is opened or not.

Third, the bank will refer to the applicant’s card information when applying for a card. An inactivated card may reduce the credit limit and approval rate of future credit cards. Under normal circumstances, if there is a credit card account in the credit record that has not been activated and has a low credit limit, it will have a more negative impact on applying for a credit card again. When approving a credit card, banks will generally refer to the applicant's most recent credit card application. Credit limit, most of the unactivated cards have relatively low credit limit

Let’s stop here to introduce what will happen if the credit card is not activated.