The serious overdue of the credit card leads to the freezing of the credit card, and the cardholder is frozen by the issuing bank because of long-term failure to repay the loan on time or large overdraft amount.
It is illegal for credit cards to be frozen due to cashing out. After the credit card is issued, the bank will supervise and record the credit card transactions, and the obvious credit card cashing behavior is easily recognized by the issuing bank. Once the issuing bank finds that there is a credit card cashing behavior, the bank will freeze the credit card. If the circumstances are serious, the cardholder shall be investigated for criminal responsibility.
Credit card theft caused the credit card to freeze. In order to prevent the loss of credit card theft from further expanding, the general cardholder will ask the issuing bank to freeze the credit card, and in some cases, the issuing bank will take the initiative to freeze the credit card for the cardholder.
What if the credit card is frozen?
First of all, if the credit card is frozen due to overdue credit card, the overdue amount should be returned as soon as possible. After paying off the credit card debt, the cardholder can call the credit card customer service center of the issuing bank to explain the situation. Under normal circumstances, banks will thaw. After that, the cardholder must repay each installment on time and not overdue, because overdue credit cards are accounted into the personal credit information system, and too many overdue times will affect future loan applications.
Secondly, the credit card freeze caused by credit card cashing depends on the situation. If it is not a subjective cashing, but a cardholder that the bank mistakenly thinks is cashing, you can call the credit card customer service center of the issuing bank to explain the situation and apply for credit card unfreezing.
The credit card was frozen because it was stolen. Generally, after the stolen credit card is processed, the issuing bank will unfreeze it.