What should I do if I no longer want to use my credit card?

Some friends have too many cards, so they just want to get rid of a few and keep a few that they use frequently. Some people are afraid that the temptation of credit cards will be too great for them, and they want to cancel the card if they accidentally lose it.

Once you plan to no longer use a credit card,min pay it is best to cancel the card to avoid unnecessary trouble.

First, let’s understand the difference between canceling a card and canceling an account.

Card cancellation means that the credit card is canceled, but the bank still retains personal account opening information. Generally,ofw quick cash loan online after a card is canceled, it can be re-opened within a short period of time.

To cancel an account, you must first delete all card discounts (or deposit receipts) on hand, and then apply to the bank to delete your personal account.debt consolidation After the account is closed, all information except bad credit information will be deleted.

Normally, we usually choose to cancel the card:

Unactivated credit card: Even if you do not plan to activate it, you must cancel the card, otherwise you will still be charged an annual fee every year. It is recommended to cancel the credit card within one month after the card is issued, and no more than 12 months at the latest.

Credit cards in normal use: For credit cards in normal use, if you no longer want to use them, you need to pay off all overdrafts and then apply to cancel the card. Generally, when you call the customer service hotline to cancel your card, you will be asked to retain it. If you really don’t want to use it anymore, you must stand firm.

Expired credit card: If the credit card has expired and the cardholder no longer wants to use it, he or she needs to call the customer service center on the back of the credit card before it expires to inform them that they do not need to send a new card.

In addition, I would like to remind everyone that canceling a card cannot eliminate credit stains. So if you have a stain on your credit, try to continue using the card. Only by using it for two years can the credit stain be covered, and by using it for five years can the credit record be covered.

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