It will not be automatically canceled unless you apply to the bank to cancel your credit card. Although the credit card itself has an expiration date, this is different from the existence period of the credit card account, that is, the card will expire, but your account will still exist.

In most cases, credit cards will not charge annual fees when they are "inactive", except for one card - the Platinum Card. In the credit card level system, Platinum Card is a higher-level card type, so it will provide cardholders with many value-added services, such as airport pick-up, hotel reservation, million-level aviation accident insurance, dedicated security check channel and other VIP treatment.

To provide these services, banks have to bear a considerable expense. Therefore, banks often stipulate that even if Platinum Card holders do not activate, they must charge an annual fee. In addition, even if you apply for a regular card or gold card, it is best to consult the bank before opening the card to see if there are any additional fees if the card cannot be activated in time.

Extended information

The advantages of credit cards are as follows:

1. You can make overdraft purchases without depositing, and you can enjoy an interest-free period of 20-56 days. No interest will be charged for on-time repayment (most banks will charge an interest of 50,000 cents on the day of cash withdrawal, as well as a handling fee of RMB 2,000. Industrial and Commercial Bank of China will waive the handling fee for cash withdrawal and only charge interest).

2. Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.

3. You can enjoy discounts when using the card at the bank's designated merchants.

4. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo.

5. Spend by swiping your card, collect existing points with some credit cards, and enjoy various discounts and lucky draws throughout the year, allowing you to always be surprised just by using your card.

6. The unique supplementary card function is suitable for couples to manage finances at the same time, or to control the financial expenditures of their children.

7. The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.

8. The 400 number or the 5-digit short number starting with 9 provides 24-hour service. Loss reports are effective immediately, and there is zero risk of losing the card.

9. Use third-party platforms for business cooperation and provide preferential services to cardholders.

Baidu Encyclopedia--Credit Card