would like to ask whether can we cancel the cc if there still outstanding balance on the card? need to settle full amt or repay the bank monthly?

since BN implement those below 36k to haf only max 2 cards and those that haf over 2 cards haf to cancel the card and given max of 2 yrs of grace period to repay the bank?? i wonder is tis really implement on every bank?

if yes, so the monthly repayment will be charge by interest or interest free? i doubt those bank will give interest free repayment lor..