If the cardholder fails to pay off the debt on time, it will be reflected in the personal credit report. The central bank's "Draft for Comment on Credit Management Regulations" stipulates that the longest retention period of bad credit records is 5 years, but personal credit reports will only show the records of credit cards for nearly 24 months. It is recommended that you keep the valid card status for at least years after activating the card, so as to avoid the negative impact of bad credit records on future application for credit cards or personal loans.

Credit cards are usually frozen for the following reasons:

1. The credit card is overdue for many times.

Because the cardholder fails to repay the loan on time, it will be frozen for a long time after being discovered by the bank.

For example, Ms. Sun, a citizen, holds a bank credit card and went to other places to do projects some time ago. Because she is busy at work, it is inconvenient to surf the Internet at the construction site, and the current credit card bill cannot be repaid on time. Three months later, when I finished my work, I came home and found that my credit card had been frozen by the bank!

2. Credit card cashing

If the cardholder frequently uses POS machines for large consumption or makes frequent large withdrawals, which makes UnionPay doubt the credit of the cardholder, then UnionPay will inform the cardholder that it is suspected of cashing out, and the bank will reduce your credit card limit. If the circumstances are serious, your credit card will be frozen on the grounds of being suspected of cashing out, and if it is more serious, the cardholder will be investigated for criminal responsibility.

3. Credit card theft

This situation is the cardholder's own choice. When a credit card is lost or stolen, in order to prevent the loss caused by theft, the general cardholder will ask the issuing bank to freeze the credit card, and in some cases, the issuing bank will take the initiative to freeze the credit card for the cardholder.