What should I do if I receive a risk control warning text message from Industrial Credit Card? See here for how to deal with it

Industrial Credit Card is easier to get, and the risk control is relatively loose. However, many cardholders have received risk control warning text messages from Industrial Bank, prompting them to use their credit cards for daily consumer transactions. Does this mean that Industrial Bank will also reduce the limit and block cards in large quantities? How should cardholders respond? Let’s take a look.

It must be said that the risk control text messages of Industrial Credit Card were sent during the sensitive period. After all, the second-generation credit reporting function should be activated in May. In order to screen risky users and reduce the non-performing rate, Industrial Bank We will conduct post-loan management on cardholders to understand their credit conditions, debt status, etc.

Therefore, if you receive a risk control text message from Industrial Credit Card, there may be the following reasons:

1. It may be that the credit report is overdue. This includes not only Industrial Bank, but also If you have other banks, in addition to credit cards, they may also be small loans listed on the credit report;

2. The loans and credit card liabilities shown on the credit report are relatively high, for example, the average monthly repayment amount in the past six months has exceeded the monthly If the income is more than 80%, the bank will consider the cardholder's funds to be relatively tight and the risk to be relatively high.

3. The number of hard inquiries on the credit report within half a year exceeds 3 times, that is, if the credit report is inquired for reasons such as credit card application, loan application, guarantee qualification review, etc., it will also be considered to be short of funds. Continue to use credit card , small loan turnover, are risky customers.

However, apart from sending risk control warning text messages, Industrial Bank has not taken any action, and no cardholders have had their cards reduced or blocked. However, everyone should not take it lightly, especially those with poor credit, overdue credit, and long-term empty cards. Cardholders are advised to use the card regularly in the near future, repay on time and avoid large purchases. If possible, it is best to optimize their credit report, such as repaying and reducing debt, etc.

Can I still use my Bank of China credit card after receiving a warning text message?

Yes.

Because this is a warning message, your bank card has not been frozen and you can continue to use it.

If bad card usage is detected after receiving the warning text message, the Bank of China Credit Card will directly freeze the card and it will no longer be able to be used.

What are CITIC’s general warning text messages like?

1. Warning text messages. Dear customers of CITIC Credit Card, according to regulatory requirements, if there are abnormalities in the use, repayment or personal credit of credit cards, the bank may take measures such as reducing the credit limit and restricting the use of credit cards. We remind everyone to use cards properly, repay on time, and cherish your credit history.

2. Send group text messages. CITIC Credit Card Reminder: Credit cards are only for personal daily consumption, and you need to swipe the card or withdraw cash through regular channels (cash withdrawals will incur fees). Regarding illegal POS cash withdrawals, according to regulatory requirements, banks have the right to take measures such as reducing the amount and locking the card to ensure the safety of credit cards.

3. Risk control text messages. Dear customer of China CITIC Bank Credit Card, after monitoring, we found that your credit card is suspected of cashing out. If you use the card in violation of regulations, the bank has the right to take measures such as reducing the credit card limit and restricting the use of the card in accordance with regulatory requirements. We would like to remind everyone to use cards in a standardized manner.

1. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card where the cardholder has a certain credit limit and can make purchases before repaying within the credit limit; a quasi-credit card refers to a cardholder who deposits a certain amount of petty cash as required, and when the petty cash account balance is insufficient to pay , a quasi-credit card that allows overdraft within a specified credit limit. Credit card generally just refers to credit card. Credit card consumption is a non-cash transaction payment method. No need to pay cash when consumption, repayment on the day of payment. According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a cardholder that records relevant information about the cardholder's account, has bank credit limit and overdraft functions, and provides related banking services to the cardholder.

2. China’s credit card market is still one of the fastest growing product lines in China’s personal financial services market. Although the economic benefits of the industry are full of challenges, driven by economies of scale and growth in consumer spending, the average annual growth rate of China's credit card issuance will remain at around 14 in the next 10 years, and profitability will be further improved.

It also tends to improve; according to a report released by the Payment and Settlement Department of the People's Republic of China, as of the third quarter of 2021, the number of credit and debit cards held was 798 million, a month-on-month increase of 0.97, with each person holding 0.57 credit cards as well as debit and credit cards.

CITIC Credit Card risk control information will be sent several times

Usually it will be sent twice.

Generally, there are three types of credit card risk control text messages, one is group text message, the other is warning text message, and the other is risk control text message. Some risk control text messages can be ignored for the time being. Some risk control text messages clearly tell you that it is very dangerous. Generally, CITIC credit card risk control information will be sent twice.

Let’s take a look at the types of risk control text messages. , what does each text message mean?

1) Mass text messages: If you receive this kind of text message, you can ignore it. This kind of text message only reminds you to use the card safely and is an information message.

2) Warning SMS: If you receive this kind of SMS, it means that your serious behavior of cashing out has been warned by the bank. I believe many cardholders should have received this kind of text message. This is a warning text message. After receiving this kind of text message, you must pay attention to the way you swipe your card, because the next step may be to block the card and reduce the limit. If you receive this kind of text message, it is recommended that you make an installment plan and re-plan your credit card swiping posture. You must combine large and small amounts, and coordinate card swiping and online payment methods.

3) Risk control text messages and warning text messages are relatively targeted, clearly informing "you" that there is a problem with the way you use the card. There are also some risk control text messages with a name at the beginning and a clear target, which are usually risk control text messages. It is very dangerous to receive this kind of text message. It is recommended that you do not swipe large amounts of credit cards for the time being. Also, generally if you receive this kind of text message, it means that the POS you usually use to swipe your card has also been risk-controlled. It is recommended that you change to a safer POS. Receiving risk control text messages is a precursor to derating, so please use it and cherish it, because once the limit is reduced, it means that many cardholders will soon be overdue.

1. If you receive a risk control text message, the suggestions are as follows:

1) Use the card normally for a few months and observe it, and do not use the card frequently.

2) Do appropriate staging. If you are unwilling to pay the money, you can think about it yourself without further explanation;

3) Go shopping at some of CITIC’s cooperative merchants or CITIC’s own mall;

4) If conditions permit You can spend a few handfuls of foreign currency. Go shopping in Hong Kong and Macau, and make a few special purchases when traveling overseas. In fact, it is to turn abnormal consumption into normal and stop it for a period of time, so as to avoid some risks.

What should I do if my credit card receives a risk control text message?

1. Call the bank customer service immediately to communicate and learn about the specific situation of the risk control.

2. When you appeal to the bank and ask for the lifting of risk control, you should emphasize that you are making normal consumption and explain the consumption process clearly. However, the bank may require you to provide consumption vouchers.

3. Card swiping receipts, invoices and other receipts can be uploaded to the bank, so receipts are very important at this point. Cardholders usually use POS machines with receipts to swipe their cards, and invoices can be It was said that the merchant did not issue an invoice and there was a discount but it was not issued.

In short, don’t panic if your credit card is subject to risk control. Consult your bank’s customer service first to understand the root cause and then take appropriate actions to remove the risk control.

This concludes the introduction to credit card warning text messages and credit card warning text message templates. Have you found the information you need?