Why can’t my credit card be used suddenly?

The reasons may be: card issues; consumer merchants; card organizations; limit issues.

Card problem: If your credit card is not activated, or the card status is abnormal, frozen, stopped payment, etc., or the card is worn and degaussed, etc., naturally it cannot be used.

Consumer merchants: The state has restrictions on credit card housing transactions. In addition, there are also restrictive requirements on consumption of building materials, wholesale, etc.

Card organization: All credit cards have card organizations, such as UnionPay and MasterCard. Different card organizations can only use credit cards with relevant logos.

Limit issue: Each bank sets a single transaction limit, a single-day transaction limit, and a monthly cumulative transaction limit for credit cards.

Extended information:

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. Apply to deduct consumption funds in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount. In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Most domestic banks in China have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion. .

Mail order installment means that the cardholder receives the installment mail order catalog manual sent by the card-issuing bank (or the bank's online installment mall) and chooses from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order. There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to do more comparisons before purchasing.

Bill installment is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent. However, it should be noted that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully. The disadvantage of bill installment is that the handling fee is not waived. The longer the number of installments, the higher the handling fee, all of which must be borne by the cardholder.

What’s wrong with the credit card that can’t be used? Only by finding the cause can we prescribe the right remedy!

Many cardholders were very excited after getting the credit card, but when they swiped the card, the transaction failed and the card could not be swiped. They wanted to know what was going on. In fact, there are many situations that lead to the inability to use credit cards. The important thing is to find out the reasons so that we can take the right medicine. Let’s take a look at them together.

What’s wrong with the credit card that can’t be used?

There are many reasons why the credit card cannot be used. It may be a problem with the credit card itself, or it may be some external factors. The specific situation is as follows:

1. Card problem:

If your credit card is not activated, or the card status is abnormal, frozen, stopped payment, etc., or the card is worn and degaussed, etc., naturally it cannot be used.

2. Consumer merchants:

Countries have restrictions on credit card-related housing transactions. In addition, there are also restrictive requirements on consumption of building materials, wholesale, etc. If you are restricted or prohibited in these countries Even if you spend money at merchants, you won’t be able to use it.

3. Card organization:

All credit cards have card organizations, such as UnionPay and MasterCard. Different card organizations can only use credit cards with relevant logos. For example, UnionPay cards can only be used at POS machines with the UnionPay logo, and MasterCard cards can only be used at POS machines with the VISA logo.

4. Limit issue:

Each bank sets a single transaction limit for credit cards, or a single-day transaction limit, and a monthly cumulative transaction limit. For example, China Construction Bank's The single transaction limit does not exceed 10,000 yuan. If your single transaction exceeds 10,000 yuan, naturally you cannot swipe the card.

The above is the relevant introduction to "What's wrong if the credit card cannot be used?". The above are the common reasons why the card cannot be swiped. There are other reasons, such as the line is busy or malfunctions when the card swipe machine is in use, or the card swipe machine itself is faulty and cannot complete the transmission of transaction information. The card cannot be swiped. We still have to find the cause and prescribe the right medicine to solve the problem.

Why can’t the credit card be swiped?

The reasons why the credit card cannot be swiped at the POS machine are summarized as follows: 1. The card is degaussed. The inspection method is to test a purchase in other regular supermarkets; 2 . UnionPay automatically identifies risky transactions, that is, cash-out transactions. For example, if you have traded on the machine multiple times, the UnionPay system determines that there is suspicion of cash-out and automatically withdraws cash for payment; 3. Personally set online banking or transaction restrictions.

Of course, in an emergency, if you are not sure why your credit card cannot be used, Kabaobao.com believes that the most useful method at this time is to call the customer service number of the credit card issuer in time and consult the customer service staff. Reasons and solutions, freeze credit cards at critical times to avoid property losses.

The main reason why credit card funds cannot be withdrawn is the reasons listed above. Strengthen the study of credit card knowledge on a daily basis and develop good card usage habits. No matter what problems arise when using your credit card, we can handle them calmly.

Why can’t the credit card limit be withdrawn?

The credit card limit cannot be withdrawn, which may be caused by the following reasons: the user’s consumer finance has reached the daily limit or single consumption limit; the user’s consumption The behavior is detected by the system and poses a risk of fraud; the bank has implemented risk control on the credit card; the credit card is overdue and cannot be overdrawn for consumption; the bank believes that the transaction is risky and rejects the transaction, etc.

In general, there are many reasons for credit card limits. If the user cannot judge by himself, he can directly call the customer service hotline of the card-issuing bank.

Extended information:

What are the methods and precautions for using credit cards?

The methods and precautions for using credit cards mainly include the following aspects:

1. After receiving the credit card, the cardholder needs to activate it first. If the credit card is applied online, Go to a bank branch to activate; if you apply for a credit card at a bank, you can activate it online;

2. Normally, ordinary credit cards will not be charged annual fees if they are not activated, but high-level credit cards will also be charged annual fees if they are not activated.

3. Generally, when using a credit card, you swipe the card at the mall, enter the card password, and sign;

4. Do not lend the credit card to others. If others use the card, the credit card will be damaged. If it is overdue, the bank will hold the cardholder responsible;

5. When using a credit card, cardholders should not spend blindly, but should pay attention to the credit limit. If they feel that they cannot repay it, they should stop consumption as soon as possible. Otherwise, overdue credit will be recorded in the credit reporting system, causing the cardholder to fail to pass approval for subsequent bank credit services.

This is the end of the introduction about why the credit card cannot be swiped out and what is happening if the credit card cannot be swiped out. I wonder if you have found the information you need?