Before the credit card is about to expire, the issuing bank will generally remind the cardholder by customer service phone, text message, email, etc. , mainly to ask the cardholder whether it is necessary to continue to hold the card. At this time, if the cardholder clearly indicates that he will no longer hold the card, the issuing bank will take the initiative to cancel the card after the expiration. If the cardholder's clear intention is not received, the issuing bank will continue to mail a new card after the expiration, but this card must be activated before it can be used normally. In other words, the cardholder can't use the new card unless it is activated, and there will be no annual fee (ordinary card only), which is equivalent to the card cancellation status.
Credit cards that are overdrawn cannot be cancelled. As long as the credit card is overdrawn or the annual fee is not settled, the issuing bank will not cancel the card, and the cardholder is not allowed to cancel the card. Even if the credit card expires, the cardholder must be required to pay off the debt before the card can be cancelled. What needs to be explained here is that some people think that credit cards will not be overdrawn if they are not used for a long time, which is actually incorrect. If you apply for a non-annual fee-free credit card, or there are preconditions for annual fee exemption, such as swiping your card five times this year, or swiping your card to a certain amount, you will get an annual fee even if you don't use it. This annual fee, like the credit card overdraft, also enters my bill and has a final repayment date. If it is overdue, there will be credit punishment and legal responsibility.
Finally, remind me of the difference between card refund and account cancellation. Credit card cancellation refers to the cancellation of a credit card in an individual's name, while credit card cancellation refers to the cancellation of all credit cards in an individual's name, which means that a credit card account may be associated with multiple credit cards. If you use a credit card to cancel your account, the bank must ask you to show all the original credit cards, otherwise you can't cancel your account, but you can cancel your card.