It is necessary to cancel the credit card if you are not going to continue using it. If you don't cancel your account, the bank will charge an annual fee for your credit card.

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

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; If the card expires and the account balance is zero, you can directly cancel the account at the designated bank outlet.

When closing 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.

If your card has not expired when you cancel your credit card account, some banks stipulate that you need to go to the designated outlets to handle the card collection business, and go through the formal account cancellation procedures after a certain period of time (up to 30 days).

This is mainly because if the cardholder makes a manual card pressing transaction before closing the account, the cardholder will have 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 spends or withdraws cash abroad, it may take several days to settle. If the account is cancelled immediately, it will also affect the normal liquidation of the bank.

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1. Q: I can borrow money by credit card. My income is very low, so applying for a credit card helps me a lot.

A: No, the target customers of bank credit cards are high-end income groups. From the above characteristics, we can also see that credit cards are more convenient than saving money. Using a credit card requires not only an annual fee, but also a very high penalty if you miss the repayment time.

2. Q: Credit cards have a minimum repayment limit, so when I borrow a lot of money and can't repay it, I only need to pay the minimum repayment.

A: Wrong. Paying the minimum amount is just the bottom line for the bank not to sue you, but you need to pay interest. Credit card interest is calculated by the day, and it is rolling interest, which is higher than ordinary loan interest.

It is necessary to distinguish between installment payment and minimum monthly repayment. The annual interest rate of installment payment or commercial loan is about 5%, and special goods will be lower. Only the minimum amount is paid and the annual interest exceeds 18%.

Baidu encyclopedia-credit card