Yes.
Generally, banks freeze cardholders’ credit cards due to the following reasons:
1. Severe overdue credit cards, cash-out of credit cards, credit card fraud, etc.;
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2. The credit card is frozen due to serious overdue credit card, and the cardholder is frozen by the card-issuing bank because the cardholder fails to repay the loan on time, has a long overdue period or has a large overdraft amount;
3. Cashing out the credit card As a result, the credit card is frozen and it is illegal to cash out the credit card. After the credit card is issued, the bank will supervise and record the credit card transactions. Obvious credit card arbitrage behavior can be easily identified by the card-issuing bank. Once the card-issuing bank discovers that there is credit card arbitrage, the bank will freeze the credit card. In serious cases, the cardholder will be held criminally responsible;
4. Credit card fraud leads to the credit card being frozen. After a credit card is stolen, in order to prevent further losses from the fraud, generally the cardholder will request the card-issuing bank Freeze the credit card. In some cases, the issuing bank will take the initiative to freeze the credit card for the cardholder.
Credit card unfreezing:
1. If the credit card is frozen due to overdue credit card, the overdue amount should be paid off as soon as possible. After paying off the credit card debt, the cardholder can call the issuing bank. The customer service center explains the situation. Under normal circumstances, the bank will unfreeze the card. After that, the cardholder must repay every installment on time and avoid overdue payments, because overdue credit cards will be included in the personal credit system, and too many overdue times will affect future loan applications;
2. Credit card freezes caused by cashing out of credit cards should be considered on a case-by-case basis. If it is not a subjective cash-out but a cash-out that the bank mistakenly believes, the cardholder can call the credit card customer service center of the card-issuing bank to explain the situation and apply for the credit card to be unfrozen;
3. The credit card is frozen due to credit card fraud, usually after the fraud. After the matter is processed, the card-issuing bank will unfreeze it.