1. Don't rush to cancel the credit card if you have a bad credit record
Under normal circumstances, once the credit card is received and the account cancellation procedures are completed, there will be no more expenses in the card. However, it is necessary to remind cardholders that the cancellation of accounts should not be "reckless". Usually, banks will check and keep users' personal credit information within the last two years. If there are bad records before the account is closed, the information will always be in a top and prominent position, which is easy to be used as a reference by banks. In this case, it is suggested to continue to use credit cards, develop good repayment habits, gradually accumulate good records, and compress the bad records to the corner until they quit the information records in the past two years.
2. If the credit card expires, it must be confirmed to be invalid
Although many credit card articles stipulate that the credit card should automatically expire after expiration, there are still some credit cards issued by banks that have not been stopped after expiration, which brings economic security risks to cardholders. It may be that the cards are abandoned and picked up by others for stealing, and it may also happen that "annual fees will continue to be generated" and "arrears will be caused by interest". In order to prevent this kind of trouble, it is best to confirm whether the credit card has expired with the issuing bank when the card expires, and cut the magnetic stripe of the expired credit card.
3. Loss reporting due to account freezing does not mean that repayment is not required.
The bad record caused by annual fee is the first record in principle, and you can apply for record cancellation. In addition, the freezing and loss reporting of accounts cannot be exempted conditions. When the cardholder wants to freeze or report the loss of the credit card he is using, if there are still debts to be repaid in the card, he should also continue to repay before the repayment date until it is paid off. The default behavior caused during this period will also be applied for entry as bad credit information.
I shared the information about the expiration of the credit card above, so please continue to pay attention.