In fact, the so-called property preservation is pre-litigation preservation, that is, a measure that the bank may take after the cardholder is overdue and before suing the cardholder.
before a bank sues a cardholder in a people's court, it can apply for property preservation, but only if the cardholder has certain property, such as real estate, car products, deposits, etc., and the bank must pay an expensive property preservation fee.
Credit cards belong to the property related to the case or the scope of application for preservation. The people's court can seal up and freeze credit cards.
Legal basis:
Civil Procedure Law of the People's Republic of China
Article 11 If an interested party fails to apply for preservation immediately due to an emergency, it will cause irreparable damage to its legitimate rights and interests, and may apply to the people's court where the preserved property is located, where the respondent has his domicile or which has jurisdiction over the case for preservation measures before bringing a lawsuit or applying for arbitration.
the applicant shall provide a guarantee. if the applicant fails to provide a guarantee, the application shall be rejected. After accepting the application, the people's court must make a ruling within 48 hours; If it is ordered to take protective measures, it shall be executed immediately. If the applicant fails to bring a lawsuit or apply for arbitration according to law within 3 days after the people's court takes the preservation measures, the people's court shall lift the preservation.
article 12 preservation is limited to the scope of the claim or the property related to the case.
article 13 property preservation shall be sealed up, detained, frozen or other methods prescribed by law.
after the people's court has preserved the property, it shall immediately notify the person whose property has been preserved. If the property has been sealed up or frozen, it shall not be sealed up or frozen again.
article 14 in a property dispute case, if the respondent provides a guarantee, the people's court shall make a ruling to cancel the preservation.