I was talking to an acquaintance and he said that if you don't use your credit card for a year, it will be automatically canceled.
Is this the exact story?
From my memory, it remained the same even after more than a year, so the annual fee was withdrawn.
I haven't used it for a year, but I paid the annual fee, so I called the customer service center and got it back.
Did it change now?
2014 2017-06-05 Gentleman
Yes. I don't remember exactly when it was, but the terms and conditions of the card have changed since a few years ago, so it's automatically canceled now.
They say it's as below.
http://m.consumernews.co.kr/?mod=news&act=...
This is because credit card companies such as Shinhan Card, Samsung Card, KB Kookmin Card, Hyundai Card, Lotte Card, Hana Card, and Woori Card have reflected the "automatic cancellation system of dormant cards" in the standard terms and conditions of individual members of credit cards in April 2013.
If a credit card has no performance for more than one year from the final date of use, it will be a dormant card.
In the event of a dormant card, the card company will be suspended if it confirms its intention to maintain the contract by phone or in writing within a month and does not disclose its intention to use the card by phone or in writing until a month after being notified of the occurrence of the dormant card.
If you do not apply for the cancellation of the suspension of use by three months after the suspension of use, the card will be automatically canceled.
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