A credit card sleeping card is a credit card that has not been used for a long time or has not generated a transaction for a long time. The credit card goes dormant due to the cardholder's failure to maintain a certain amount of spending or withdrawal behavior. These cards are often considered idle or invalid by banks, so they may be charged a fee or cancelled.
A credit card sleep state means that the credit card has not been used for a period of time, resulting in the function of the card being restricted or invalid. There are two situations in which the credit card sleeps state: 1. The credit card is not activated after application. 2. The credit card is not used for a long time after activation.
The credit card is not activated after application and is in an unactivated state, i.e. the credit card has not been connected to the banking system and cannot make any transactions. Credit cards do not incur any fees and do not affect personal credit reporting. However, if the credit card is not activated after application, especially for more than one year, the bank will consider that the user has no need for the credit card, and will cancel or withdraw the credit card. Users lose the opportunity to use a credit card, which may affect the success rate of applying for a credit card again in the future.
After the credit card is activated, the credit card is in the initialized state, that is, the credit card has been connected to the banking system and can be used for transactions. If the user does not use the credit card after activation, the bank will consider that the user is not interested in the credit card or has a credit risk, and will reduce or suspend the credit card limit. Users will not be able to enjoy the benefits and convenience of credit cards, which may affect personal credit reporting. If the user forgets to repay the loan or pay the annual fee while not using the credit card after activation, the penalty interest such as overdue or late fees will be incurred, which will further damage the personal credit report.
A dormant credit card is usually caused by the cardholder no longer using the card or forgetting to use the card, resulting in no transactions for a long time. Some cardholders may fail to cancel their credit cards in a timely manner due to negligence or forgetfulness, which can also lead to the creation of credit card sleepers.
Due to long-term inactivity, these cards may be considered invalid by the bank, cancelled or charged a fee. The presence of a credit card sleeping card can take up the cardholder's credit limit, affecting their credit history. Some criminals may use sleep cards to commit fraudulent acts and cause unnecessary trouble to cardholders.
In order to avoid the occurrence of credit card sleeping cards, cardholders should pay attention to the following points. First of all, cardholders should check their credit card statements regularly to stay informed about how their credit cards are being used. Secondly, cardholders should avoid applying for a credit card when they don't need to use it, so as to avoid creating unnecessary idle cards. In addition, cardholders can cancel credit cards that are no longer used in a timely manner through the cancellation service provided by the bank to avoid the occurrence of credit card sleep.
The presence of a sleep card can have a certain impact on a person's credit history. Since credit cards cannot produce any transaction history while dormant, it is difficult for banks to assess the credit status of cardholders, which can lead to a decrease in credit scores. In addition, there may also be some fees associated with the sleeping card, such as annual fees, late fees, etc., which can also negatively impact an individual's credit history if the cardholder fails to pay these fees in a timely manner. This can affect the approval of future loan or credit card applications.
In order to avoid the impact of the sleeping card on personal credit history, it is recommended that cardholders regularly check their credit card usage and maintain a certain frequency of consumption or cash withdrawal, so as to prevent the credit card from becoming a sleeping card. If the cardholder finds that his or her credit card has become a dormant card, he or she should contact the bank in time to understand the conditions for canceling or activating the card, so as to avoid unnecessary fees and affect personal credit history.
If the cardholder has not used the credit card for a while, it is recommended to reactivate the card or apply for a new card. Avoiding the negative effects of a sleeping credit card can also improve your personal credit score, making it easier to get approved for a loan or credit card.
A dormant credit card is an unhealthy state of credit card use, and cardholders should take timely steps to avoid its negative effects. By maintaining active credit card usage, you can build a good credit history and avoid unnecessary fees.
Sleeping cards themselves do not negatively affect an individual's credit history, but if the cardholder has not used the credit card for a long time, the bank may perceive the cardholder as lacking credit awareness or in poor financial condition.
For banks, sleeping cards can increase the bank's operating costs and management difficulties. Because banks need to regularly maintain and manage these long-term unused credit cards, dormant cards can also take up the bank's credit limit, which can affect the bank's profitability.
In order to avoid the negative impact of the sleeping card, cardholders should use the credit card regularly for purchases and repayments to keep the credit card active. In addition, cardholders should also pay attention to the annual fee, late fee and other fees of the credit card to avoid overdue or outstanding credit card due to negligence.
Cancellation of a sleeping card: If the cardholder is sure that their credit card has become a sleeping card, they can cancel it by calling the bank's customer service** or visiting the bank's counter. Cardholders should ensure that they have paid off all outstanding amounts before canceling them, otherwise they may incur additional fees or affect their credit history.
The presence of a sleeping card not only takes up bank resources, but it can also pose a potential risk to the cardholder. Many banks regularly clean or limit sleeping cards.
Cardholders also have the option to reactivate their dormant card, first of all by understanding the bank's specific regulations. Some banks may require a visit to an offline branch, while others offer online activation.
Prepare the necessary documents: Depending on the bank's requirements, you may need to prepare some documents such as proof of identity, credit card, and other supporting documents required by the bank.
Contact your bank's customer service: If you're not sure how to activate or run into any issues, you can contact your bank's customer service. They can provide detailed guidance.
Follow the activation process: Follow the steps provided by your bank. This may include filling out the necessary **, uploading proof of identity, etc. Ensure that the information provided is accurate and that all guidance is followed.
Keep an eye on the activation result: Once you have completed the activation process, pay attention to the bank's notification. Usually, the bank will let you know via email or text message if the card has been successfully activated.
Pay attention to card usage: Once activated, make sure to continue using the card for necessary transactions to avoid becoming a sleeping card again.
Different banks may have different activation processes and conditions. Generally speaking, cardholders need to go to the bank counter or through the bank's official **, mobile app and other channels to activate. At the time of activation, some personal information or identification documents may be required to ensure that the cardholder's identity matches the credit card information.
To activate the sleep card, you can choose to:
1. Call the bank's customer service** for manual activation. This is the easiest and most straightforward way to provide information such as identity information and card number for the customer service to activate and restore the credit card function.
2. Go to the bank counter to complete the activation procedures. The cardholder should bring a valid ID card and credit card to the bank counter to fill in the relevant ** and submit the identity document. The bank staff will verify the identity of the cardholder and complete the activation process.
3. Activate through the bank's official ** or mobile app**. Log in to the bank's official website** or mobile app, fill in the relevant information, upload the identity document, and set the password according to the prompts on the page. The banking system will review the cardholder's information, and complete the activation after the review is passed.
4. Activate at the ATM. Insert your credit card into the ATM and follow the prompts. Enter information such as password and verification code, and select Activate feature.
Before activating a dormant card, cardholders should ensure that there are no outstanding or overpayments in their credit card account. If there is any arrears, you need to pay off the arrears first; If there is an overpayment, you can consult the bank's customer service to withdraw the overpayment before activating. Cardholders should also be aware of the bank's regulations on activation fees, some banks may charge a processing fee or annual fee.