1. Because individual users of China Merchants Bank credit cards have not repaid their loans on time for a long time, the banking system has deactivated the account in order to avoid risks and reduce possible capital losses (this card cannot be used for consumption temporarily) expenditure).

2. Method to lift deactivation: After full repayment or normal repayment for three consecutive months, you can call again to apply for resumption of normal use. In this way, the bank will judge that the user has repayment through the repayment record. With the ability to reduce the risk of bank funds, users can re-enable credit card consumption.

Your credit card can no longer be used temporarily; please check your credit card bill and repay according to the bill amount. If the card is overdue for three months, our bank will generally require the cardholder to repay it in full in one lifetime. If you have a balance on your China Merchants Bank credit card that is overdue, the sooner you pay it off, the better for you. First of all, overdue payments will generate a bad credit record, which will affect your personal credit and future credit business, such as loans; secondly, overdue repayments will generate interest and late fees, etc.

The consequences of overdue credit card repayment:

1. Bearing high penalty interest

After a credit card defaults, the penalty interest fee usually involved is the recurring interest fee. and late fees. Except for one bank, ICBC, which imposed penalty interest on balances, the other 12 banks still imposed full penalty interest. Full penalty interest means that even if the customer repays part of the amount, the repayment portion will not be deducted when calculating penalty interest, and interest charges are usually calculated at a daily interest rate of 0.5%.

2. Cause legal disputes

Customers who breach the contract may also face legal disputes. According to the provisions of the "Criminal Law", for malicious overdrafts of more than 5,000 yuan on a credit card, and the bank has not paid back after three months of collection, if the circumstances are serious, criminal liability may also be pursued for fraud. For defaulting customers, entering the judicial process will not only affect their reputation, but also incur more costs. In addition to paying off the arrears, they will also have to bear litigation costs.

3. Leaving "credit stains" in the national credit reporting system

In 2006, the central bank established a national unified basic database of corporate and personal credit information. Cards and loans will automatically generate a "credit report" of their own in the system. The "stains" in this report cannot be ignored. It will affect applications for various loans, insurance, job hunting, overseas study, etc. .