Under what circumstances will a credit card be deactivated?

The main reasons for deactivation of a credit card are:

1. Overdue repayment:< /p>

If a credit card is overdue for too long, the bank will generally determine that the cardholder has engaged in malicious overdraft behavior, which will pose a high credit risk, and will generally unilaterally terminate the use of the credit card.

2. Suspected cash out:

If a cardholder frequently uses POS machines to make large purchases or withdraw cash, the bank will doubt the cardholder's credit and will generally freeze it. .

3. Credit card fraud:

When a credit card is lost or stolen, in order to prevent losses caused by fraud, generally cardholders will ask the issuing bank to freeze the credit card. In some cases, The issuing bank will proactively freeze the credit card for the cardholder.

Extended information:

Consequences of overdue credit cards:

1. Overdue credit card late payment fees. The so-called late payment fees for credit cards refer to the fees that the cardholder should pay to the card-issuing bank according to regulations when the cardholder fails to repay before the due payment date (inclusive) or the repayment amount is less than the minimum repayment amount.

2. Overdue interest. If a cardholder's repayment is overdue, the cardholder will no longer enjoy the bank's interest-free treatment for all expenses incurred last month, and the recurring daily interest rate will be as high as 0.5%, which means the annual interest rate will reach 18%.

3. Bad credit record. Overdue credit card repayment records will enter the central bank's credit reporting system to generate bad credit records. my country's personal credit reporting records have been networked nationwide. As long as individual residents have handled loan business at banks, applied for credit cards, or provided guarantees for others, they will be credited. Then you can check your credit report at any domestic commercial bank.

4. Litigation costs. If the credit card is not repaid for more than three months, the bank will ask a lawyer to issue a lawyer's letter to the user and file a lawsuit. The litigation costs will be borne by the cardholder.

5. Criminal liability for malicious overdraft. According to Article 196 of my country's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the cardholder's behavior of overdrafting beyond the prescribed limit or within the prescribed period for the purpose of illegal possession and failing to return it after being called by the card issuer. Those who maliciously overdraft and engage in credit card activities will be held criminally responsible for credit card crimes and be subject to a sentence of not more than 5 years or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan.