What does "restricted credit card" mean?

First of all, a restricted credit card is a restricted card, which means that the use of your card has been frozen, and there may be fraud or abnormal usage. Or the overdraft is overdue and has not been paid off.

What causes credit card restrictions?

1. The card status is abnormal, such as the card being degaussed or the password being entered incorrectly too many times and being locked. In this case, it is recommended to call the bank service hotline. Confirm;

2. There is no problem with the card. The POS machine signal is not good, and the transaction will fail if it is not connected to the network;

3. If you are holding an IC chip credit card, due to the closure of UnionPay Without the downgrade transaction function, if the cashier still operates the transaction by swiping the card instead of inserting the card, it will also become unusable;

4. The card does not support transactions, such as visa single logo card/jcb Single-logo cards do not support UnionPay transactions or some online transactions.

It should be noted that you must use your credit card according to your actual situation. Generally, if your credit card is restricted, it must be because you have used it improperly. Overdue is the most common phenomenon. You must know that overdue will affect your health. Credit report, so be sure to pay attention.

Types of credit card products

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., 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, 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. 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 quasi-credit cards

Credit cards. When the card-issuing bank provides bank credit, 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 these cards are used internationally.

Quasi credit card. 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.

According to the different circulation scope of credit cards, they can be divided into international cards and regional cards

International cards. An international card is a credit card that can be used outside the country of issue and is accepted worldwide.

The five major overseas groups (MasterCard, Visa International, American Express, JCB and Diners Club) issued MasterCard, VISACard, American ExpressCard and JCB respectively. (JCBCard) and DinersClubCard are mostly international cards.

Regional card. A regional card is a credit card that can only be used within the issuing country or within a certain region. Most of the various credit cards issued by commercial banks in my country are regional cards.

What does it mean when a credit card swipe shows a restricted card?

A credit card swipe shows a restricted card because it exceeds the single transaction limit for a single day, and may also be considered a risk by the bank. Transactions may be stolen, resulting in transaction restrictions. Another reason is that banks are targeting you for cashing out, which leads to restrictions on transactions.

Restricted cards refer to credit cards that are prompted as restricted during the transaction process. Restricted cards cannot be used for normal consumption. After this kind of restriction prompt appears, the cardholder must contact the card-issuing bank in time. Only by actively cooperating with the bank's investigation and submitting relevant supporting materials can the card be lifted from the restricted status.

There may be many reasons for the restricted card displayed on the ATM machine, which can be roughly divided into the following categories:

1. The card status is abnormal, such as the card has been degaussed or the password has been entered incorrectly too many times. Much is locked.

2. If there is no problem with the card, it is not good if there is a problem with the TM machine. If it is not connected to the network, the transaction will fail.

3. If you hold an IC chip credit card, since UnionPay has closed the downgrade transaction function, if you still operate the transaction by swiping the card instead of inserting the card, it will also be unusable.

4. Bank cards do not support transactions. For example, VISA single-logo cards/JCB single-logo cards do not support UnionPay transactions, nor do they support some online transactions.

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.

Credit cards as stipulated in the relevant laws of our country refer to electronic payment cards issued by commercial banks or other financial institutions that have all or part of the functions of consumer payment, credit loans, transfer settlement, cash deposits and withdrawals, etc. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

What does restricted credit card mean?

Restricted credit card swiping means that the use of the credit card is restricted during transactions. Usually the card is subject to risk control, freezing, card blocking, loss reporting, etc. A message indicating that transactions are restricted will appear. When users encounter a prompt that transactions are restricted when using a credit card, they should directly call the customer service hotline of the card-issuing bank and have manual customer service check the status of the card. If the card is restricted due to transaction risks, the restriction may be lifted by changing the POS machine and swiping the card. As for card swiping restrictions caused by other reasons, it will take a certain amount of time to resolve.

1. What causes credit card restrictions?

1. The card status is abnormal, such as the card being demagnetized or the password being entered incorrectly too many times and being locked. In this case, it is recommended to call the bank. Service hotline to confirm; 2. There is no problem with the card. The POS machine signal is not good, and the transaction will fail if it is not connected to the network.

3. If you hold an IC chip credit card, because UnionPay has closed the downgrade transaction function, If the cashier still operates the transaction by swiping the card instead of inserting the card, it will also become unusable;

4. The card does not support transactions, such as visa single-logo cards/jcb single-logo cards. UnionPay transactions are not supported, and some online transactions are not supported.

2. How to solve the problem of credit card restrictions?

If a credit card is restricted from spending, it means that the credit card is temporarily in a payment stop state, and no transactions can be made for a long time. Generally speaking, there will be different solutions depending on the reasons why the credit card is restricted from spending. The specific situation is as follows:

1. The credit card is overdue. It is recommended that you call the card issuing bank and ask the customer service to see if there is any unpaid debt. If you want to pay it off immediately, communicate with the customer service as much as possible after the payment, explain that you are not maliciously overdue, and see if you can get the customer service to lift the consumption limit. If If the overdue period is not serious, there is still a chance for it to be lifted.

2. The account is high risk. The bank system will monitor the cardholder's account transactions at any time. If a certain transaction is found to have possible risks, such as swiping the card for consumption at the bank's blacklisted merchant POS machine, or sudden overseas transactions without registration, etc., the bank's risk control system will be triggered. If your credit card consumption may be restricted, you generally need to provide consumption vouchers to prove that the card is used in a standard manner.

3. Exceeding the set limit. In order to protect the safety of credit card funds, many cardholders will manually set a credit card transaction limit, such as daily transaction limit and monthly transaction limit. As long as the consumption limit exceeds the set limit, consumption will be restricted, then the limit can be manually set higher. You can continue to consume, and then change it back after consumption.

What does it mean when a credit card is restricted?

A restricted credit card means that the use of the credit card has been frozen, there may be fraud or abnormal usage, or the overdraft has not been paid off. There are also situations where the card status is abnormal and the credit card does not support transactions.

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

Extended information:

After maxing out credit cards during the Spring Festival, some new charges that were rarely seen in the past appeared on cardholders’ bills, such as over-limit fees.

The so-called over-limit fee is an additional overdraft given by the bank after the cardholder has overdrafted the total amount, which is usually 10% of the original overdraft. The advantage of this is that the cardholder does not have to temporarily apply for a higher limit or be unable to swipe the card; the disadvantage is that the cardholder must pay an overdraft fee of 5% of the overdraft limit.

Reference materials: Baidu Encyclopedia - Credit Card

How to remove credit card restrictions

1. You need to repay the payment in cash at the counter with the card.

2. After repayment, you can call the credit card department to apply for unfreezing. The Card Department will handle the matter as appropriate based on the cardholder's overdue period and repayment status.

3. Three consecutive credit card defaults or one default of more than 90 will result in a bad credit report. The credit card department will freeze or stop payment nationwide based on the cardholder's bad situation to prevent cardholders from malicious overdrafts.

Reasons for credit card restrictions:

First, the card status is abnormal, such as the card being degaussed or the password being entered incorrectly too many times and being locked. It is recommended to call the bank service hotline for confirmation;

Second, there is no problem with the card, but the signal of the POS machine is not good, and the transaction will fail if it is not connected to the network;

Third, if you hold an IC chip credit card, due to the closure of UnionPay Without the downgraded transaction function, if the cashier still operates the transaction by swiping the card instead of inserting the card, it will also become unusable;

Fourth, the card does not support transactions, such as cards with single visa logo/ JCB single logo card does not support UnionPay transactions, nor does it support some online transactions.

What does it mean that credit card transactions are restricted?

The reasons why credit card transactions are restricted are:

1. When a credit card exceeding the limit is activated and used, a The limit for a single transaction in a single day. If the transaction exceeds this limit, the transaction will be restricted.

2. Risks exist. Banks will supervise the use of credit cards. If your credit card suddenly makes large purchases in other places, it may be considered a risky transaction and may be stolen, resulting in the transaction being limit.

3. Suspicion of cashing out. If the cardholder has consecutive large-amount integer credit card transactions, and they are all made in the same place, the bank will most likely be targeted by the bank as suspected of cashing out, thus restricting the use of the credit card. .

1. How long does it take for credit card restrictions to be lifted:

If the credit card is restricted due to overdue loans, suspicion of cashing out, etc., the restrictions will generally be lifted in a few working days. As long as the problem is solved, the debt is paid off or the consumption voucher is submitted to prove that you have not cashed out. If the system determines that the loan is maliciously non-repaying because it is overdue for a long time, or if the bank reminds you many times that you are still suspected of cashing out, it will be difficult to lift the restriction.

2. How to remove 24-hour credit card restrictions:

Credit card consumption is restricted. If the account is locked due to incorrect password entry, it is usually necessary to apply for unlocking and reset through the bank. It will be unlocked within 24 hours after entering the password.

However, if the credit is damaged due to overdue repayment and the account is subject to risk control and cannot be consumed, it is estimated that it will be difficult to unfreeze within 24 hours. The customer can only pay off the debt quickly and then patiently spend time to take good care of it. Credit. After your personal credit score improves, you should be able to resume using the card.

If it is due to a problem with the merchant or POS machine, it cannot be undone. However, there is no problem with the card itself. Customers can choose to directly switch to another merchant for consumption.

3. The best solution for credit card risk control:

The best solution for credit card risk control is: the user proactively contacts the card-issuing bank to inquire about the reason for the credit card being risk-controlled. ; Then solve the problem under the guidance of customer service; when the problem is solved, the user can apply to restore the card to its normal state; after receiving the application, the card-issuing bank will re-examine the card. When the card meets the conditions for releasing risk control, the card will be released Risk control status.

That’s it for the introduction to credit card restrictions.