Some cardholders who applied for Ping An Bank credit cards had their credit cards frozen. Some people think it’s not a big deal and just don’t need a credit card. Is this really the case? Ping An’s credit card is frozen What will happen?

What will happen if Ping An’s credit card is frozen?

Freezing a Ping An credit card has adverse consequences, and there are various reasons for freezing a credit card. Depending on the reasons, the consequences are also different. The specific introduction is as follows:

1. Re-apply for a new credit card

This is the lightest consequence of the credit card being frozen. In fact, it has no impact. Since your credit card has an abnormal status or is frozen in case of risk, in order to protect your property from loss, it is best to apply for a new credit card.

2. Pay late fees and interest

A common reason why credit cards are frozen is due to overdue payments. We all know that overdue credit cards will incur late fees and interest. If you want to unfreeze, you must first pay off the outstanding balance and pay late fees and interest.

3. Affects credit reporting and is on the credit blacklist

Frequently not repaying on time, that is, there are more overdue times, or the overdue amount is large, and it is also recognized by the bank Cash out your credit card. In these cases, not only will a bad personal credit record be produced, but it will also affect the credit record and may even be on the credit blacklist.

4. Being held criminally responsible

If the overdue amount is large, the bank will first freeze the credit card and conduct collection. If it still refuses to pay back the debt. Then, the bank will call the police and hand over the shutdown materials to the public security department. Once a crime of credit card fraud is committed, criminal liability will be pursued.

The above is an introduction to the reasons and consequences of the freezing of your Ping An Bank credit card. If your Ping An Bank credit card is frozen, I hope you can pay attention to it and solve it properly to avoid unnecessary trouble.