1. Ensure that the cancelled credit card has been repaid, so as to avoid credit rating degradation after card cancellation;

2. Ensure that the cancelled credit card has been swiped enough times;

3. After the cancellation of the credit card, be sure to cut the cancelled credit card along the magnetic stripe. If the credit card is not destroyed, there is a risk that it will be stolen.

Legal basis

Article 11 of the Interim Measures for the Administration of Personal Loans

An application for personal loans shall meet the following conditions:

(1) The borrower is a citizen of the People's Republic of China with full capacity for civil conduct or an overseas natural person who meets relevant state regulations;

(2) The purpose of the loan is clear and legal;

(3) The amount, duration and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower's credit status is good and there is no significant bad credit record;

(6) Other conditions required by the lender.