Canceling a China Merchants Bank credit card can be done by phone or at a business outlet.

The methods for canceling a China Merchants Bank credit card are:

1) Cancel by phone. Find the credit card customer service hotline to cancel. China Merchants Bank credit card holders can apply for credit card cancellation by calling the credit card customer service hotline at 400-820-5555. When applying for cancellation, customer service will ask the cardholder to provide some supporting information, such as ID number, bank credit card reservation phone number, company name provided during application, home phone number and other information submitted for the card application. After verifying the information, the bank will tell the cardholder: You have successfully canceled the card. Please use scissors or other tools to destroy the card. After that, it means that the card has been canceled successfully. If the cardholder does not destroy the card, it is deemed that the cardholder has the right to retain the card.

2) Logout of the outlet. The cardholder can bring his/her personal ID card to the bank where the account is opened to handle the credit card cancellation business. After the business is successfully handled, the card will be canceled successfully.

3) The credit card is automatically canceled. If there is no money in the card, the system will put the card into sleep mode and become a sleep card after 2 years.

To sum up, the method of canceling a credit card is very simple. It is worth noting that many credit cards will become overdue if they are not canceled for a long time after not being used. Because once some credit cards are activated, they will incur annual fees regardless of whether the cardholder uses them. If the annual fees are not repaid over time, the credit card debt will be overdue.

Credit card cancellation is divided into card cancellation and account cancellation. After canceling the card, it is recommended to cancel the account, otherwise there may be some problems in applying for a credit card again.

1) Card cancellation: It is to cancel a single credit card under an individual’s name. If you apply for a credit card from the same bank next time, you will not be able to enjoy the new customer treatment.

2) Account cancellation: It means canceling the entire account. That is, if you have multiple credit cards in your account, all cards will be canceled. If you apply for a credit card from the same bank next time, you can enjoy the new customer treatment (the regulations of each bank are different, and it usually requires cancellation for one year).