1. Inactive credit card: Once the applied credit card is not activated within the specified time, the credit card will be automatically cancelled after its validity expires. However, not all credit cards will be automatically cancelled after they are not activated. For example, high-end credit cards or customized cards issued by banks will generate annual fees even if they are not activated. If the cardholder does not pay attention to paying the annual fee, it is likely to have a negative impact on personal credit due to overdue.
2. Activated credit card: If the activated credit card is not used for a long time, it will not be automatically cancelled. But if there is no consumption after the credit card is activated, there will be an annual fee. If the cardholder does not pay attention, it may be overdue due to the failure to pay the annual fee, which will have a negative impact on personal credit. In addition, credit cards are at risk of being stolen if they are not used for a long time.
Therefore, regardless of whether the credit card is activated or not, if you don't intend to continue using it, you'd better take the initiative to contact the bank customer service to apply for cancellation of the credit card to protect personal credit security and property. When applying for credit card cancellation, you must pay off the credit card debt to avoid excessive repayment, otherwise the credit card will not be cancelled.
How to cancel an account with a credit card?
1, the cardholder calls the bank credit card center to inquire about the cancellation of the credit card;
2. The cardholder calls the customer service phone of the bank and asks to cancel the credit card. After receiving the call, the bank will cancel the credit card for the user and deduct the annual fee that the bank should charge for the account;
3. Cardholders also need to bring their ID cards and credit cards to the bank and fill out the application form for cancellation of credit cards.