What to do if your credit card is suspended

There are two main types of credit card suspension. If it is overdue for more than three months, then all outstanding balances should be repaid. If the credit card is deactivated because the bank suspects abnormal consumption transactions, the cardholder can call the card-issuing bank.

Suspended situation 1:

The bank suspects that the credit card’s consumption transactions are abnormal and may be attacked by hackers or other criminals. For the safety of the cardholder, the bank has frozen the credit card. credit card.

Solution: In this case, if the credit card is deactivated, the cardholder can call the card-issuing bank and ask the bank to reissue the credit card. After getting the new card, he can directly open the card and use it, and at the same time, transfer the original credit card to the bank. Do the cutting process.

Situation 2 of suspension:

If the credit card is overdue for more than three months, the issuing bank has the right to unilaterally suspend the credit card. In addition, even if the credit card is deactivated in this case, the late payment fees and interest that still exist on the cardholder's bill will continue to increase. If the amount reaches the bank's regulations, the bank can allow the cardholder. If the amount is larger, the cardholder will still be charged. Will be punished.

Solution: As a result, the credit card has been deactivated. It is best for the cardholder to repay the balance owed on the credit card in full. At the same time, in order to avoid a credit record blacklist, it is best to re-register the credit card. Activate, repay on schedule, and use the continuous period to offset the original bad credit record. Otherwise, the cardholder will not only be unable to apply for other credit cards, but also be unable to apply for housing loans and other financial loans.

What should I do if my credit card is suspended?

Having a credit card suspended does not mean that the card is blocked. The main thing is to find the reason. There are three common situations:

1. Overdue credit card

If a credit card is overdue for more than one month, many banks will control the credit card. Some will not directly block the card, but will suspend its use. Even if a credit card has a limit, it cannot be swiped. It is best to pay off the balance immediately and then call customer service to apply for lifting the limit. There is no guarantee whether this can be lifted.

When you call, you must say that you did not overdue the loan maliciously, and give reasons that are recognized by the bank, such as traveling abroad, the company has delayed salary payment, etc., and then promise to repay the loan on time in the future. The bank will dare to admit it. Because of the mistake, and because you usually use the card in a standardized manner, you may resume using the credit card.

2. Irregular card use

In fact, it means using a credit card to cash out. The system compares the card swiping time, amount, merchant type, etc. based on past card usage behavior. If there is any abnormality in the transaction, , such as large in and out, card swiping outside normal business hours, the amount swiped does not match the merchant type, etc., the use of the credit card will be suspended.

In this case, if you cannot provide proof of relevant consumption vouchers to dispel the bank's doubts, the card will be truly blocked and the bank will not allow you to use the card again.

3. Transactions are risky

For example, some cardholders swipe their credit cards all at once, or have transactions in other places. In order to ensure the safety of funds, banks will also suspend the use of credit cards. Usually, they will call to verify whether the purchase was made by themselves. After verification, the credit card will be restored to use.

You can also call the bank to apply for reinstatement of your credit card and prove to the bank that you are using the card. The bank will restore the card within 2 working days.

Credit card limit, also known as credit card available limit, refers to the maximum amount that can be used by your credit card. It includes credit limit (that is, the maximum overdraft limit of a credit card) and the amount deposited into the credit card. .

The limit of any credit card depends on the effective income and asset security value provided by the individual during the application process. The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income, provident fund social security, and asset guarantee statements. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.

1. Continuous and frequent card consumption

Persistence means that after you have a credit card, you must insist on long-term card consumption. It is best to have card consumption every month for more than three consecutive months. The quota is generated, don't use it for a period of time and then freeze it for a long period of time.

Frequency means to swipe your card wherever you can, no matter how big or small the amount is. The more times and merchants you use, the better. If you swipe your card all at once, it will be easy for the bank to think you are suspicious. , it is difficult to raise the quota.

2. Pay attention to the amount of credit card swiping and the temporary limit increase

Pay attention to the amount of credit card swipe and make full use of the temporary limit increase.

3. Persist in applying and seize the opportunity to apply

Persist in applying and seize the opportunity to apply, a two-pronged approach. For credit card users, you can insist on using the phone to apply to increase the credit card limit, because different customer service or staff have slightly different attitudes and principles when processing applications in this area. Maybe they failed the previous one but passed the next time, and Keeping a record of your phone application will also help you apply for a quota increase in the future.

4. Use the threat of card cancellation or sleep suspension

Use the threat of card cancellation or sleep suspension. After you have made multiple applications and been rejected, you can consider using this trick. Just tell the bank's customer service or staff directly. If the credit card limit cannot meet the actual needs, they will consider canceling the card. It is best to show some In fact, of course, the attitude should not be too bad. It is best to be soft but hard, so that it is easier to gain room for negotiation and maneuvering.

How can a credit card be suspended

1. Multiple credit card bills are overdue. Generally, if the cardholder fails to return the credit card for more than 3 periods, the issuing bank may unilaterally Stop your credit card, but it should be noted that the interest and late payment fees due to overdue credit cards will not stop. If the amount is large and the situation is serious, you may face lawsuits from the bank.

2. Illegal arbitrage of credit cards is prohibited by banks. Some cardholders will take advantage of the interest-free period of credit cards to arbitrage their credit limits through informal means. Once discovered by the bank, they will be deemed Depending on the cash-out situation, the card will be derated or even blocked, with serious consequences.

3. The transaction location is abnormal. If the cardholder is in China but the credit card does show consumption abroad, the bank may suspend the card.

4. Abnormal trading behavior. Abnormal transaction behavior is mainly reflected in the frequency of transactions and the amount of transactions. If there are multiple small amounts and high consumption in a day, the card may also be suspended. In the above two cases, the cardholder can call the card-issuing bank or go to a bank branch with relevant information to request the bank to reissue the credit card.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

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.

This type of card 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., used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of 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 institutions, national party and government agencies, military units, groups and other legal entities.

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.

The 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.

That’s it for the introduction of credit card suspension.