Credit card payment stop is a preventive measure used by banks to ensure the security of credit cards and prevent losses caused by counterfeit and lost cards being used. Many cardholders have stopped payments during the use of credit cards. So why does a credit card have a payment stop?

Why does a credit card have a payment stop

1. The bank detects that the credit card is used up every month and then remains idle for a long time. This kind of card will carry out derating and stop payment.

2. The credit card is overdue and the bank will stop payment on the credit card if multiple reminders are invalid.

3 There is cash arbitrage on credit cards. Banks will prevent credit card cash out. Once they detect cash arbitrage on a credit card, they will immediately stop payment on the credit card.

Once a credit card payment is stopped due to overdue payment or illegal cash withdrawal, banks generally do not accept applications for reinstatement. Unless the cardholder can provide a strong reason or it is caused by force majeure, the credit card payment stop status cannot be restored.