According to Article 16 of the Regulations on the Administration of Credit Information Industry approved and promulgated by the State Council, the retention period of personal bad information by credit information agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted. During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it.

Relevant regulations and precautions for credit card cancellation:

1. If the user does not intend to continue using the credit card, he must cancel the credit card. If there is no cancellation, the bank will charge an annual fee for the credit card.

If the card is not overdrawn, you can apply for account cancellation at any time.

3. If the card has expired and the account balance is zero, you can directly cancel the account at the designated bank outlet. If the card has not expired, you need to apply first, and then go to the bank to cancel the account after a certain period of time (up to 30 days). This is mainly because if the cardholder conducts a manual card pressing transaction before closing the account, the cardholder has closed the account before the merchant submits the card pressing form to the bank for entry, and the bank cannot settle the account normally; On the other hand, if the cardholder is in consumption abroad or withdraws cash, it may take several days to settle the account. If the account is closed immediately, it will also affect the normal liquidation of the bank.

4. When canceling the account, you should bring your valid ID card and the original card. If it's not convenient for me to close the account, someone else can do it for you. The agent must hold the power of attorney written by the principal (himself) and bring the original valid identity certificate to handle the account cancellation business.