What happens to a credit card after its owner dies? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What happens to a credit card after its owner dies?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Stop using the card and notify the bank of the death.

Steps

  1. Existing debt does not disappear upon death; the bank will determine its settlement and the effect of any insurance according to the contract.

  2. The heirs will not use the card after the death.

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