What does it mean when my credit card shows invalid card?

Usually, when a credit card shows invalid card, it means that the credit card in the cardholder’s hand cannot be used normally. There are many reasons why a credit card is invalid. Among them, the credit card is not activated, the magnetic stripe of the credit card is worn, and the card or account status is abnormal. These are the reasons why the credit card displays an invalid card. In the event of an accident, all credit cards have a useful life. If the useful life is exceeded, the credit card will also show invalid status.

Credit card application

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can issue cards to Apply for a credit card. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.

Credit cards are usually only used by the cardholder himself, and lending them to others is generally a violation of the use contract.

Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted.

What happened when the credit card suddenly became unusable

1. There were many violations (such as cashing out) during the use of the credit card, which triggered the bank's risk control system.

2. Consumption in other places. For out-of-town purchases, the bank system will determine that the cardholder is in an unfamiliar transaction environment and temporarily suspend the cardholder's credit card. You can use it after replying to the text message.

3. The credit card is overdue or other loans in the name of the cardholder are overdue. When a credit card expires, the cardholder's credit card will be frozen. If other loans under the cardholder's name are overdue, the bank's risk control system will be triggered.

4. The credit card limit has been reached. Cardholders can modify the transaction limit through mobile banking and online banking, and they can be used after the modification is completed.

5. Trading equipment failure. Restart the device, reconnect to the network, and then try swiping or swiping the card again.

6. Credit card failure. The credit card is degaussed or the track is damaged or the chip fails. In this case, you need to bring your ID card and credit card to the bank to replace the credit card. If it is not for the above reasons, the cardholder can contact the bank customer service to inquire about the specific reasons why the credit card cannot be used. According to the "Law of the People's Republic of China on the People's Bank of China", the "Law of the People's Republic of China on Commercial Banks", the "Interim Regulations on Cash Management" and other relevant regulations, the People's Bank of China strictly prohibits cardholders from using credit cards, bank cards, payment New settlement tools such as cards are cashed out illegally.

Content Overview

1. Credit card Credit card is a non-cash transaction payment method and a simple credit service.

Credit cards are generally plastic cards with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. They are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when making purchases with a credit card. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.

2. Credit cards are issued by commercial banks to individuals and organizations. They are used to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with a stamp on the front. A card with the name of the issuing bank, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.

3. A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoy an interest-free payment period, and can repay in installments independently (with a minimum repayment amount), join VISA , MASTER and other international credit card organizations so that it can be used globally.

What does it mean when a credit card shows invalid card?

Usually, when a credit card shows an invalid card, it means that the credit card in the cardholder's hand cannot be used normally. There are many reasons why a credit card is invalid. Among them, the credit card is not activated, the magnetic stripe of the credit card is worn, and the card or account status is abnormal. These are the reasons why the credit card displays an invalid card. In the event of an accident, all credit cards have a useful life. If the useful life is exceeded, the credit card will also show invalid status.

Extended information:

Credit card application:

If customers want to apply for a credit card, they can directly bring their personal ID and proof of income (such as bank statements, pay slips ) and other relevant information, go to the counter of the selected bank's offline business outlet to ask the staff to apply for a card, then get the application form to fill in, and then hand the completed form together with the information to the staff, and then just wait patiently for the bank Just review

After the bank has completed the approval, it will naturally send a message to notify the customer. If the approval is passed, a card will be printed for the customer, and then the prepared card will be mailed to the customer. Customers can activate it after receiving the card.

Of course, in addition to applying at branches, customers can also apply directly on the bank's official website, mobile banking client or credit card APP. However, everyone needs to be aware that if you apply for a credit card from a bank online for the first time, you may have to go to the bank for an interview later.

Customers should pay attention to keeping the phone open after submitting the card application, because some banks may call the customer to ask for some relevant information during the review. In this regard, if the call is not received in time, it may have a certain impact on the card approval.

Credit card limit increase:

When applying for a credit card, the bank will approve the limit based on the applicant's comprehensive qualifications, and the credit card can also be used to increase the limit. The method is as follows:

1. Use more credit cards to spend money

If you want to increase your credit card limit, you should use more credit cards to make purchases. Try to use your card where you can. It is best to keep the credit card before applying for the limit increase. Have a stable consumption record for several months, and it is best to make about 20 transactions every month. The merchants where the card is swiped should also be diversified.

2. Appropriate installment arrangements

Appropriate installment arrangements are conducive to credit card limit increases, but it is best not to make the installments too long. 3 to 6 installments are enough, and the installments are The amount should not be too large either. For example, it is very suitable to apply for installment after consumption during some holidays, and the success rate of increasing the amount is also high.

3. Keep good card usage records

If you want to increase your credit card limit, good card usage records are essential, because if you have a bad record on your credit report, you will not be able to increase your credit limit. Yes, so when repaying a credit card, you must pay it back on time to avoid overdue payments and avoid illegal operations such as cashing out.

This is the end of the introduction on why credit cards always fail and why credit cards fail. Have you found the information you need?