Although most of the outings are mobile payments, which can be done by scanning the code with a mobile phone, but individual payment apps still need to be bound to a bank card.
You may have one or two idle bank cards in your hands. There is no money in them and you don’t have to cancel them. They still keep them. In fact, this kind of card is the so-called”double zero card.”
“Double zero card” refers to a bank card with zero deposit balance and accrued and unaccrued interest.
There are two types of bank cards, one is credit card and the other is savings card. Depending on the type of card, the consequences of not canceling are also different.
What happens if the bank card has no money and the account is cancelled?
1. Savings card
If your card is a savings card and has not been used for a long time, there is still a little balance in it, such as If it is less than 300 yuan, the bank will deduct a small annual management fee (usually 10 yuan per year) until it is all deducted.
If you have also subscribed to the SMS service, then the fee will be deducted on a monthly basis. All in all, as long as you have money in your card, the bank will keep deducting the money until it is all deducted, but it will not reach the point where you owe money.
When the money has been deducted, there is no transaction for 6 months (the period of each bank is different), it will be converted into a”sleep card”, you can’t withdraw or collect money, and you want to use it again You can only go to the bank to activate.
If it has not been used for more than 2~5 years (the period of each bank is different), the bank system will automatically clean up and cancel these accounts. For most people, the lost money is only a small amount.
So, if you are a savings card, there is no money in the card and the account is not cancelled, so there is no need to worry about owing a lot of money to the bank many years later.
If your card is a credit card, the nature is completely different, so be careful.
Second, credit card
If the credit card is not used, there will be an annual fee if it is not cancelled. If the annual fee is not returned in time, it will be overdue. Penalty interest will be generated after late repayment, and the longer the time, the more penalty interest will be generated. Moreover, after the overdue repayment, it will affect the personal credit, and the bad credit will affect the processing of various loans.
When canceling a credit card, it is divided into cancellation and account cancellation. When canceling the card, only the card itself is cancelled. The user’s information in the bank will not be deleted. If you want to continue using the bank’s credit card in the future, you can directly call the bank You can apply for a new card by phone, without submitting any information.
If the account is canceled when the credit card is cancelled, all the user’s information in the bank will be deleted. When the user wants to use the bank’s credit card in the future, the user must resubmit the application materials. To a credit card, it may be rejected by the bank when applying.
When canceling the credit card, you must pay off all the arrears of the credit card, and there must be no overpaymentin the credit card >, the cancellation will not be successful when there is an overpayment in the card. When canceling a credit card, you can directly call the bank’s credit card customer service hotline, and you can cancel after verifying the user’s information.
After the credit card is submitted for cancellation, it cannot be used, otherwise the credit card will fail to cancel, and 45 days after submitting the cancellation, you must call the bank for consultation to confirm whether the cancellation is successful; after the card cancellation is successful, you must The card is cut along the magnetic strip on the back to prevent the card from being stolen.
Do I need to cancel an inactive credit card?
Generally, if a credit card is not activated, there will be no annual fee, but some high-end credit cards, such as platinum cards, will incur annual fees even if they are not activated as long as they are issued.
As long as the card is issued, whether it is activated or not, it will be reflected in your credit report, occupying your total credit limit. Once there is a record of overdue repayment, it will affect personal credit.
So if you don’t use a credit card, you must cancel it in time.
So, it is recommended that you do not apply for a card lightly, even if it is not activated, just log out!
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