What does an invalid credit card mean?

If a credit card shows an invalid card, it may be that the credit card has expired. At this time, the credit card cannot be used anymore. The credit card is generally valid for 3 to 5 years. Different banks have different regulations. If it is not an issue with the validity period, users can call the credit card service hotline for consultation. Generally, customer service will give specific reasons and solutions.

Users must repay on time when using credit cards on a daily basis, and there must be no overdue repayment, because overdue repayment will generate penalty interest. The longer the time, the more penalty interest will be generated, and there are After overdue repayment, the bank will collect the debt until the user has paid off the credit card debt.

Late repayment of credit cards will also affect the personal credit report. A bad credit report will affect various loan applications. Furthermore, when the credit card overdue amount is large and the time is long, the bank will judge the cardholder. The user must return it on time, otherwise it will be enforced and the cardholder's property will be sold to return it.

What does it mean when my credit card shows invalid card?

Usually, when a credit card shows invalid card, it means that the credit card in the cardholder’s hand cannot be used normally. There are many reasons why a credit card is invalid. Among them, the credit card is not activated, the magnetic stripe of the credit card is worn, and the card or account status is abnormal. These are the reasons why the credit card displays an invalid card. In the event of an accident, all credit cards have a useful life. If the useful life is exceeded, the credit card will also show invalid status.

Credit card application

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can issue cards to Apply for a credit card. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.

Credit cards are usually only used by the cardholder himself, and lending them to others is generally a violation of the use contract.

Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted.

Why does a credit card swipe show an invalid transaction? The reasons are as follows

Many card friends think that they can make transactions if they have a limit in their credit card. In fact, this is not necessarily true. There are often card friends who have money in their credit card, but when swiping the card, it shows an invalid transaction. It is most likely that the card If it is caused by abnormal status, you must find the cause and solve it. Let’s take a look below.

Why does a credit card swipe show an invalid transaction?

First of all, it is recommended to check whether the cardholder’s personal information is incorrect, such as a blank name, wrong ID type, expired identity, etc. If there is one of these situations, you must promptly resolve the issue. Incorrect information will be corrected promptly.

The ID card can be updated through the online channels of each bank. After the update is successful and effective, the credit card can be resumed.

If it is not the ID card information, the problem may lie with the credit card.

For example, if the card is invalid and you take an expired card, or a card that has been reported lost, and you swipe it, the card will definitely show an invalid transaction, so you have to swipe it with a card with a normal validity period; and The credit card has been demagnetized and cannot be swiped at the POS. You can try to bind the card to pay, or scan the QR code to pay.

For another example, if the card is frozen, or payment is stopped, and transactions are restricted, the card will also prompt an invalid transaction. In this case, you must first pay off the outstanding balance, then call the card issuing bank to see Can the credit card be restored to normal? If it can be restored, you can continue to use the card. If it cannot be restored, it is recommended to cancel the credit card. After all, the account exists, and the annual fee will still be deducted even if the card cannot be used.

Finally, by the way, there are certain things to pay attention to when canceling a credit card, especially whether you have to choose correctly between canceling the card or canceling the account. Generally, if you have multiple cards in the same bank, you only need to cancel the card. The card will be canceled directly.

What does it mean when a credit card shows an invalid transaction?

1. When a credit card shows an invalid transaction, it means that the card swipe was unsuccessful. There are many reasons for this, the most common one is : The card is invalid, the card is frozen, the card is not activated, the card or account status is abnormal, and the network is unstable.

2. If you want to solve the invalid transaction, you need to find out the reason. If you can't find the reason, you can also call the card issuer. After the problem is solved, you can continue to use the card to make purchases.

3. If the credit card shows invalid transactions, it is also possible that the credit card has been demagnetized and cannot be swiped on the POS. You can try to bind the card to pay, or scan the QR code to pay. If the card is frozen due to overdue repayment, the cardholder needs to pay off the outstanding balance first and then call the card issuer to see if the credit card can be restored to normal.

What does it mean when a credit card shows invalid card?

Usually, when a credit card displays an invalid card, it means that the credit card in the cardholder's hand cannot be used normally. There are many reasons why a credit card is invalid. Among them, the credit card is not activated, the magnetic stripe of the credit card is worn, and the card or account status is abnormal. These are the reasons why the credit card displays an invalid card. In the event of an accident, all credit cards have a useful life. If the useful life is exceeded, the credit card will also show invalid status.

Extended information:

Credit card application:

If customers want to apply for a credit card, they can directly bring their personal ID and proof of income (such as bank statements, pay slips ) and other relevant information, go to the counter of the selected bank's offline business outlet to ask the staff to apply for a card, then get the application form to fill in, and then hand the completed form together with the information to the staff, and then just wait patiently for the bank Just review

After the bank has completed the approval, it will naturally send a message to notify the customer. If the approval is passed, a card will be printed for the customer, and then the prepared card will be mailed to the customer. Customers can activate it after receiving the card.

Of course, in addition to applying at branches, customers can also apply directly on the bank's official website, mobile banking client or credit card APP. However, everyone needs to be aware that if you apply for a credit card from a bank online for the first time, you may have to go to the bank for an interview later.

Customers should pay attention to keeping the phone open after submitting the card application, because some banks may call the customer to ask for some relevant information during the review. In this regard, if the call is not received in time, it may have a certain impact on the card approval.

Credit card limit increase:

When applying for a credit card, the bank will approve the limit based on the applicant's comprehensive qualifications, and the credit card can also be used to increase the limit. The method is as follows:

1. Use more credit cards to spend money

If you want to increase your credit card limit, you should use more credit cards to make purchases. Try to use your card where you can. It is best to keep the credit card before applying for the limit increase. Have a stable consumption record for several months, and it is best to make about 20 transactions every month. The merchants where the card is swiped should also be diversified.

2. Appropriate installment arrangements

Appropriate installment arrangements are conducive to credit card limit increases, but it is best not to make the installments too long. 3 to 6 installments are enough, and the installments are The amount should not be too large either. For example, it is very suitable to apply for installment after consumption during some holidays, and the success rate of increasing the amount is also high.

3. Keep good card usage records

If you want to increase your credit card limit, good card usage records are essential, because if you have a bad record on your credit report, you will not be able to increase your credit limit. Yes, so when repaying a credit card, you must pay it back on time to avoid overdue payments and avoid illegal operations such as cashing out.

This is the end of the introduction to what happens when a credit card is invalid.