If the credit card (debit card) is cancelled, it may be due to the following reasons:
1. The customer did cancel the card before, but later forgot that the card has not been cancelled.
2. The credit card (debit card) failed to repay the loan on time, which is overdue and the customer has been procrastinating. The overdue situation is so serious that the bank can't even contact anyone, so it sells the card and records the arrears as bad debts.
And everyone should pay attention to the fact that if you cancel the card actively, it will not cause any adverse effects. However, if it is cancelled by the bank due to overdue, the customer must pay off the arrears in time and keep the credit afterwards.
Second, what are the reasons for the cancellation of the loan?
Early warning status?
If there is an early warning, it should be lifted, and the cancellation of the account is a follow-up issue. It is always impossible to leave a warning there. There is an early warning state, which should be that the card has been useless for a long time, the transfer is very small, and then the balance in the card is not much. The general account system will automatically close the account.
There are also accounts that need account verification now, and transactions without verification will also be restricted.
Third, the loan card was cancelled.
Credit cards that are not examined annually are regarded as cancelled and can be ignored. But if you want to use it in the future, you have to apply to the People's Bank again. The procedure is a little troublesome. I suggest you keep the loan card valid. Unless you really have no credit business in the future. Supplementary notes: loans, signing bank acceptance bills, signing commercial acceptance bills, discounting bank acceptance bills, etc. All belong to the credit business.
4. What does it mean to cancel bank loans?
Short for account. When an institution cancels, merges or transfers an account, it shall go through the account cancellation procedures with its bank.
When the unit cancels the account, it must check the balance of the deposit (loan) account with the bank, and then leave the deposit (loan) with the relevant documents issued by the unit.