If the credit card has not been approved, you can notify the bank to cancel the application; if the credit card has been approved, you must cancel the credit card through other methods. If the credit card review has not been passed, the applicant can call the credit card center of the card-issuing bank and submit an application to cancel the credit card application to the customer service staff. Or go directly to the business branch of the bank where the card was issued and apply to the counter staff at the counter to cancel the card application. If the counter staff is unable to handle the transaction, you can seek further solutions from the bank manager. If the bank has already completed the user's qualification review and passed the review when the user needs to cancel the credit card, cancellation cannot be done in this case. Because once approved, the user will establish a credit file in the system of the bank applying for the credit card, and the file cannot be deleted. In this case, if you no longer want to use the bank's credit card, the only solution is to apply to the bank that issued the card to cancel the card. Before canceling a credit card, you must pay the corresponding fees or go through the corresponding procedures in accordance with the regulations of the bank that issued the card. If you cancel a credit card before using it after applying, it will affect your personal credit record, and the success rate of applying for a credit card next time will be reduced.
Credit Card
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is Credit Card.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues in the Trial of Bank Card Civil Disputes".