01 Multiple overdues

Different overdue situations will have different consequences. Generally speaking, if overdue for more than three consecutive months, the bank will block the card and report it to the central bank. Personal credit report. At the same time, there will be stains on the credit report. ?

It should be noted that overdue does not only refer to overdue credit cards. Multiple overdue bank loans of other types will also cause the credit card to be blocked.

On-time repayment is the most basic requirement of banks for cardholders. For cardholders who repay overdue payments, banks will charge interest and late fees. When a cardholder is overdue multiple times or the overdue amount reaches a certain amount, the bank will consider the cardholder to have malicious overdraft consumption behavior and continue to provide revolving credit to the cardholder. The risk is very high and the bank will unilaterally terminate the use of the credit card. , which means that cardholders will find that their credit cards have been blocked and unable to make purchases.

02 Suspicion of cashing out

Some cardholders use their credit cards to cash out when they are unable to turn over funds. Cashing out is against the law and will harm the interests of the bank. The bank also expressly stipulates that cardholders cannot use credit cards to cash out. But in real life, some cardholders always cash out with a sense of luck, thinking that the bank cannot detect it.

Since the risk of illegal cash-out of credit cards is very high, which can easily lead to bad debts of banks, the China Banking Regulatory Commission has long stipulated that banks have the right to reduce the credit limit, stop payment, and suspend payment for cardholders who have been confirmed to have cash-out behavior. Measures such as entering relevant information into the credit reporting system and the established shared fraud information database between banks.

It can be said that every card holder’s card swiping behavior is under the supervision of the bank. As long as the card holder cashes out, it will be easily discovered. Once the bank finds out that the card holder’s cash out behavior is true, Then it is a "certainty" that the credit card will be blocked.

If you really have not cashed out and want to unfreeze your credit card at this time, you can provide the bank with recent credit card consumption vouchers and consumption invoices to prove that you have not cashed out and ask the bank to unfreeze.

03 Credit card abnormality

If the credit card has multiple consecutive large-amount integer card payments, overseas purchases, and card payments in two places at the same time, the bank will consider the credit card to be abnormal. In order to prevent the credit card from being used If the card is stolen, the bank will block the credit card.

04 Entering the wrong password three times

When using a credit card to make purchases, if you continuously press the wrong password, the credit card will be blocked. Different banks have different regulations for continuously entering the wrong password. , some banks will block your credit card if you enter the wrong password three times in a row, and some banks will block your credit card if you enter the wrong password five times in a row.

Extended information:

If the bank freezes the card due to improper use of the credit card, overdue payment, etc., the cardholder needs to apply to the bank for unfreezing. If you need to lift the freeze on the day you pay off the debt, you need to bring your card and ID card to the local card center counter to apply directly. If it can be lifted, it can be lifted on the same day. If it cannot be lifted, it means that the card has been forcibly canceled by the bank. Can no longer be used.

First: Apply through customer service to lift the freeze. If the freeze can be lifted, it will usually be processed within 2 working days. If the freeze cannot be lifted, the bank's credit card center may contact the customer to inform them of the reasons and processing results (which vary by location).

Of course, if the customer’s reservation information is incomplete and the bank is unable to notify the cardholder, the only option is to go to the card center counter to apply. Therefore, you can call the bank’s customer service number to inquire about the reason for the freeze, so that corresponding measures can be taken to deal with it.

Second: If you want to use your credit card smoothly, you must repay no less than the minimum payment amount on the final payment date every month. Otherwise, not only will late payment fees be charged, but your personal credit record will also be affected. In serious cases, your account may be frozen by the bank, or your card may even be blocked.

Baidu Encyclopedia - Overdue

Baidu Encyclopedia - Credit Card Cashout