Reasons for credit card repayment failure: 1. Incorrect bank account information; 2. Abnormal account status; 3. Bank system suspension of service. Incorrect bank account information: The cardholder may have entered incorrect bank account number or name due to carelessness, causing repayment failure. It is recommended that cardholders re-verify whether the entered bank account information is consistent with the information of your account opening bank, and try repayment again.

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.

Reasons for credit card repayment failure

1. Incorrect bank account information

The cardholder may have entered the bank account number or name due to carelessness. There is an error, causing the repayment to fail. It is recommended that cardholders re-verify whether the entered bank account information is consistent with the information of your account opening bank, and try repayment again.

2. Abnormal account status

After the cardholder discovers the abnormality, he needs to contact the bank as soon as possible to verify the status of the bank's credit card account. Whether there is any freeze, account cancellation, need to activate, etc. For example, if a credit card is overdue for a long time, the bank will usually freeze the credit card directly. Therefore, the cardholder will temporarily be unable to find this credit card when making repayment. At this time, it is recommended that the cardholder proactively call the bank service hotline to negotiate repayment.

3. The banking system is suspended

It is very likely that the credit card issuer's system is busy or is in an upgrade state, causing repayment to fail for a while. At this time, the cardholder can refresh page and reapply for repayment. If that doesn't work, you can choose other repayment methods, such as over-the-counter repayment.

What are the benefits of credit cards?

1. Save money

Nowadays, many banks’ credit cards have cooperation or promotions with merchants. For example, when the consumption reaches a certain limit, There are discounts such as points and cash back when purchasing, so using a credit card for consumption actually saves money from a certain perspective.

2. Convenience

Using credit cards is very convenient. Not only is it convenient for domestic consumption, but many credit cards support direct card consumption abroad. For people traveling abroad, It is very convenient to use a credit card to make purchases.

3. Relieve financial pressure

Using a credit card for consumption can also relieve financial pressure. For example, if you want to buy a new mobile phone, but you happen to be short of money, you can use it. Credit card installment payment not only allows you to enjoy your favorite items in advance, but also relieves financial pressure.