What happened when the credit card suddenly became unusable?

Possible reasons why the credit card suddenly became unusable: 1. There were many violations (such as cashing out) during the use of the credit card, which triggered the bank's risk control system.

2. Consumption in other places. For out-of-town purchases, the bank system will determine that the cardholder is in an unfamiliar transaction environment and temporarily suspend the cardholder's credit card. You can use it after replying to the text message.

3. The credit card is overdue or other loans in the name of the cardholder are overdue. When a credit card expires, the cardholder's credit card will be frozen. If other loans under the cardholder's name are overdue, the bank's risk control system will be triggered.

4. The credit card limit has been reached. Cardholders can modify the transaction limit through mobile banking and online banking, and they can be used after the modification is completed.

5. Trading equipment failure. Restart the device, reconnect to the network, and then try swiping or swiping the card again.

6. Credit card failure. The credit card is degaussed or the track is damaged or the chip fails. In this case, you need to bring your ID card and credit card to the bank to replace the credit card.

If it is not for the above reasons, the cardholder can contact the bank customer service to inquire about the specific reasons why the credit card cannot be used.

According to the "Law of the People's Republic of China on the People's Bank of China", "Law of the People's Republic of China on Commercial Banks", "Interim Regulations on Cash Management" and other relevant regulations, the People's Bank of China strictly prohibits cardholders from Use credit cards, bank cards, payment cards and other new settlement tools to cash out illegally.

Why can’t I use my new credit card? Find the reasons from these aspects!

Many people are now accustomed to using credit cards for consumption, which is not only convenient but also allows them to enjoy many discounts. A user who has applied for a credit card came to inquire and asked why his new credit card cannot be used. So let’s briefly talk about this issue. I hope it can be helpful to everyone.

Why can’t I use my new credit card?

1. The credit card has not been activated. Some people apply for the first card, so they need to go to a bank offline branch to activate it before they can be used. Simply receiving the card is not enough.

2. If you enter the wrong password multiple times, you need to go to the bank to unfreeze it, so you will not be able to use it for the time being.

The computer network is unstable and the credit card cannot be used. The user can try another store. 4. It was risk controlled by the bank's backend and was evaluated as a malicious cash out. If you do this right after you apply for a card, it will be more difficult to lift the risk control or apply for a limit increase later.

5. The balance of the credit card is insufficient. If the user uses a credit card to pay, the available amount in the credit card is lower than the amount required to pay, then naturally the payment cannot be made.

6. Some banks require a card swiping password to be used for card consumption, so users can check whether the credit card they hold has been activated.

The above is the answer to "Why can't I use my new credit card?" In general, you can analyze the reasons such as whether the card has been activated, whether the available balance in the card is sufficient, whether the password was entered incorrectly, whether it has been controlled by the backend, etc., and then solve the specific reasons. If the above-mentioned reasons are all If not, but still cannot use it, the user should contact the customer service of the cardholder bank as soon as possible to ask them to help solve the problem.

Why can’t my credit card (debit card) be used?

The reason why a credit card (credit card) cannot be used depends on the actual situation. The specific analysis is as follows:

1. Equipment failure: You can restart the device, connect to the network, and then swipe the credit card again. (credit card) payment.

2. Illegal use of the card: If the cardholder illegally withdraws cash during card use or other violations, once the bank's risk control system is triggered, the card will be blocked and the amount will be reduced.

3. Out-of-town consumption: When a credit card (credit card) suddenly purchases out of town, in order to protect the security of the cardholder's credit card (credit card), the bank will usually reduce the card's balance or restrict transactions.

4. Credit card (credit card) limit: Credit card (credit card) has a single transaction and single day upper limit. If you use it up, it will be limited, so consumption cannot exceed a single day/single transaction. Quota.

Why does it show that credit cards are not supported this time?

If it shows that credit card is not supported this time when using a credit card, it is probably due to the following reasons:

1. The system detects that there are risks in the transaction, so it limits this time trade.

2. Credit card accounts carry high risks. The card-issuing bank has implemented risk control, and the card is restricted from making large purchases.

3. The transaction exceeds the prescribed single transaction/single day consumption limit (for example, Alipay credit card quick payment has limit regulations. Credit cards of different banks have different limits. For example, the limit of China Construction Bank credit card is: single transaction/ 50,000 per day, 100,000 per month; China Merchants Bank credit card limit is: 100,000 per transaction, no limit per day/month).

4. The merchant has not activated the credit card payment function.

5. The available credit card limit is insufficient.

Main features of credit card:

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range. ;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Main types

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of card issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education and other institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

According to different repayment methods, credit cards can be divided into credit cards and debit cards

Credit cards. It is a card-issuing bank that provides bank credit. When making a payment, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of the cards currently used internationally are of this type.

Credit and debit cards. It is a credit card issued by a bank that allows you to deposit money first and spend later. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.

Why the credit card cannot be used after swiping it out

The credit card cannot be swiped out, which may be caused by the following reasons: the credit card status is abnormal, such as card blocking, risk control, freezing, etc.; the credit card is set to swipe the card There is a limit. If the limit is exceeded, it cannot be swiped. The merchants for transactions are restricted. Users can only swipe their cards at designated merchants for consumption. The card is damaged and cannot be read normally, etc.

Therefore, there are many reasons why the credit card cannot be used. If the user encounters the problem of not being able to use the card, he can directly contact the customer service of the bank that issued the card, and the customer service will help the user solve the problem in time.

1 Credit card is frozen

The bank system will monitor the credit card based on the use of the credit card. If an abnormality is found in the credit card, the system will freeze the credit card to reduce the cardholder's losses.

2 Transactions are risky

When using a credit card to make a purchase, if the bank detects that the transaction is risky, the bank will not allow the credit card to complete the transaction in order to prevent the risk. , causing the credit card to be unable to be swiped for consumption.

3 Transaction Limits

Credit cards have daily transaction limits. If the credit card is swiped too many times that day and the credit card daily limit has been reached, then when the card is swiped again, it will cause Credit card cannot be swiped.

4 Chip damage

When performing a credit card transaction, the credit card relies on the chip on the credit card to complete the transaction. If the chip is accidentally damaged on the credit card, the credit card transaction will not be completed. , you can only continue to use it by changing your credit card. Personal credit cards can only be used by the cardholder for daily consumption. Credit card overdraft funds (including installment products) can only be used for consumption purposes that comply with legal regulations and cannot be used in the real estate industry (including but not limited to the purchase of houses and parking spaces), production and operations, and stocks. Investments such as bonds, funds, etc. shall not be used to repay loans, credit cards, IOUs, etc., and shall not participate in any illegal financing, lending, gambling, etc. Previously, Minsheng, Ping An, CITIC, Everbright, Agricultural Bank of China and other banks have successively issued announcements clarifying the use of credit card funds, clearly stating that personal credit card overdrafts should be used in the consumption field, and shall not be used in non-consumption fields such as production, operation, investment, etc., including house purchases, Securities investment, financial management, other equity investments and other prohibited fields, etc.

This ends the introduction on why credit cards cannot be used and why credit cards cannot be used for WeChat payment. Did you find the information you need?