After 5 failed transactions with the Bank of Communications credit card, it shows that consumption is refused on that day

This means that the bank has restricted the consumption function of the credit card and consumption cannot be made. The Bank of Communications credit card shows a single card limit. The reasons for consumption are as follows: First, the card status is abnormal, such as the card is degaussed or the password is locked after entering the wrong password too many times. It is recommended that the poster call his service hotline to confirm; second, there is no problem with the card and the POS machine signal is not good. , not connected to the network will also cause the transaction to fail; thirdly, if you hold an IC chip credit card, since 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 cause failure. Fourth, the card does 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.

What happens when a credit card transaction is declined by the bank?

1. Consult the bank customer service staff. Generally, you can use WeChat to conduct transactions. If the bank refuses the transaction when you transfer money on WeChat, it means there is a problem with your bank card and the bank will freeze the corresponding business. The reason for this is to better safeguard the safety of customers' funds and protect the interests of consumers. Don't be nervous. If you encounter this situation, you can consult the bank's customer service to see if there is any problem with the bank card, and just follow the customer service staff.

2. See if it is your problem. This situation is most likely due to the previous use exceeding the limit, so the bank will reject the transaction the next time it is used. Then, when you use your bank card to transfer money in the future, WeChat will remind you that there is no way to make the transaction because your amount has reached a certain limit and there is no way to make another transaction. Of course, this situation may also be caused by you entering the wrong password multiple times, so payment failure may occur during the payment process, so you need to check whether there is any problem with the operation of the mobile phone. If this happens, you don't have to worry, the transfer can usually be made the next day.

3. Consult WeChat customer service personnel. If it is not due to your own operation or your bank card, you can consult WeChat customer service to see if there are any errors during the payment process and see how the customer service responds. After that, you can make the next decision based on the customer service staff’s feedback.

The bank rejects the transaction, which may also be due to the following problems:

1. The credit card has expired.

2. The magnetic stripe is damaged and the chip card data fails to be read.

3. The credit card is used for purchases at merchants that are not supported by the bank. Many banks now strictly control the use of credit cards for home purchases. Transactions in consumer fields such as investment and investment. For example, China Construction Bank stipulates that credit cards are not allowed to be traded with domestic real estate merchants and real estate tax merchants, and there are restrictions on timeshare merchants, personal insurance merchants, domestic property, and tobacco business merchants. Transaction amount.

4. Credit cards with bad transaction records. The card used by consumers to pay has bad transaction records, such as chargebacks, etc. When encountering this situation, the transaction will be directly rejected by the bank. You need to contact the bank to replace the invalid credit card with a normal credit card before you can continue the transaction.

Excuse me, what does it mean that a transportation credit card is restricted?

Reasons for credit card swiping showing restrictions:

1. Exceeding the limit: Credit cards have a single transaction limit and a single transaction limit. Daily transaction limit, if the limit is exceeded, it will be displayed as restricted when swiping the card.

2. Risky transactions: Every credit card transaction is monitored. If the current transaction is risky, the transaction will be restricted.

3. Credit card cash-out: If the bank detects that the transaction is cash-out, the bank will immediately restrict the credit card transaction.

4. Bank reason: If the card issuer rejects the transaction, it will also be displayed as restricted.

5. If you swipe the card when there is a network failure or equipment failure, there may also be a message that the card is restricted.

Extended information:

Bank of Communications' credit card products are named "Pacific", such as: Pacific Dual Currency Credit Card, Pacific Y-power Credit Card, Bank of Communications Pacific Walmart Credit Card, Bank of Communications Pacific Suning Appliances Credit Card, Bank of Communications Hong Kong New World Department Store Credit Card, Pacific Business Card, etc.

Platinum Credit Card

Bank of Communications Platinum Credit Card provides you with a full range of business travel or family travel services, covering airport VIP lounges, alcohol-based driving, roadside assistance, and high-income families Comprehensive travel protection and many other exclusive services provide you with a platinum life experience.

Standard Credit Card

Bank of Communications Standard Credit Card provides comprehensive credit card financial services, password signature, free choice, interest-free repayment period up to 56 days, and a "privileged life" ”, “Exclusive Advantages” and many other preferential plans allow you to enjoy the endless fun of swiping your card.

Baidu Encyclopedia - Bank of Communications Credit Card

Why Bank of Communications Credit Card is Restricted

Reasons for Credit Card Swiping Display Restrictions:

1 . Exceeding the limit: Credit cards have a single transaction limit and a single-day transaction limit. If the limit is exceeded, the limit will be displayed when the card is swiped.

2. Risky transactions: Every credit card transaction is monitored. If the current transaction is risky, the transaction will be restricted.

3. Credit card cash-out: If the bank detects that the transaction is cash-out, the bank will immediately restrict the credit card transaction.

4. Bank reason: If the card issuer rejects the transaction, it will also be displayed as restricted.

5. Other reasons: If you swipe the card during network failure or equipment failure, there may also be a message that the card is restricted.

Extended information:

Notes:

1. It is best not to raise the temporary limit. If you raise it, you will not be given a good loan or a platinum invitation. Card.

2. In the first two months of the new transportation card, remember not to spend more than 7k in a single transaction.

3. For customers who don’t like installment plans, it’s best not to do them consecutively. The best installment time is 3-6 months.

4. Bank of Communications has blocked and frozen cards without warning. Now it is blocking and reducing credit cards on a large scale for unknown reasons. The magnitude is larger and wider than before. Cardholders who have held Bank of Communications credit cards for many years and Anyone who uses the card normally may be within the scope of accidental damage.

5. Be sure not to use up all the limit as soon as you open the card. Leave a limit of 30 for the new card, and do not make installments in the first 3 months when you apply for the card.

Baidu Encyclopedia-Bank of Communications Credit Card

Baidu Encyclopedia-Transaction Risk

Baidu Encyclopedia-Credit Card Cashout

Transactions with Communications Credit Card are frequent and then rejected What to do with transactions

After credit card transactions are restricted, the cardholder can solve the problem based on the reasons for the restriction. The reasons and solutions for the restriction are: 1. Suspected cash out. If your credit card is restricted by the bank on suspicion of cashing out, the cardholder can provide relevant consumption vouchers to the bank and then apply to lift the restriction; 2. The consumption limit has been exceeded. If the cardholder has set a transaction limit before, it may be that the limit has been reached, so the transaction is restricted. The cardholder can increase the limit further; 3. The limit is not enough. If the cardholder's current transaction amount exceeds the credit card's available limit, the transaction will not be successful.

How to recover a transaction rejected by the credit card bank

There are many reasons why the credit card bank rejects the transaction, and you need to take appropriate measures to deal with it:

1. Abnormal transactions occur on the credit card. It differs from the cardholder’s card usage habits. For example, if a cardholder often spends money in China, the place where the card is swiped is where he or she lives, and the amount swiped is not very high.

Suddenly large overseas transactions occur. For the sake of financial security, the bank Consider that the transaction will be directly rejected and the credit card will be temporarily frozen. This requires the cardholder to contact the bank and explain that the transaction was made by himself before it can be unlocked and the transaction can be continued.

2. Credit cards are used for consumption at merchants that are not supported by banks. Many banks now strictly control credit card transactions in consumer fields such as house purchase and investment. For example, China Construction Bank stipulates that credit cards are not allowed to be used at domestic real estate merchants and property developers. For tax merchant transactions, the transaction amount is limited for domestic property, time-sharing merchants, personal insurance merchants, tobacco business merchants, etc.

3. If the credit card has expired, or because the magnetic stripe is damaged or the chip card data fails to be read, transactions using these types of credit cards will be directly rejected by the bank. You need to contact the bank to replace the invalid credit card with a normal credit card. to continue trading.

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.

Main features

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Financial Management Strategy

1. Control the number of credit cards and only have enough.

Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered, which is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.

2. Keep the credit card receipts

Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. Moreover, many people do not set passwords on their credit cards, and carelessly discarding the credit card credentials may lead to credit card theft.

For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.

3. Reduce cash withdrawals

Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use or use it as a passbook.

That’s it for the introduction of transportation credit card refusal.