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.

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.

What to do if the credit card cannot be swiped?

The credit card cannot be swiped, which may be caused by the following reasons: the credit card status is abnormal, such as card blocking, risk control, freezing, etc.; the credit card is set to swipe There is a limit. If the limit is exceeded, it cannot be swiped. The merchants for transactions are restricted. Users can only swipe their cards at designated merchants for consumption. The card is damaged and cannot be read normally, etc. Therefore, there are many reasons why the credit card cannot be used. If the user encounters the problem of not being able to use the card, he can directly contact the customer service of the bank that issued the card, and the customer service will help the user solve the problem in time.

1 Credit card is frozen

The bank system will monitor the credit card based on the use of the credit card. If an abnormality is found in the credit card, the system will freeze the credit card to reduce the cardholder's losses.

2 Transactions are risky

When using a credit card to make a purchase, if the bank detects that the transaction is risky, the bank will not allow the credit card to complete the transaction in order to prevent the risk. , causing the credit card to be unable to be swiped for consumption.

3 Transaction Limits

Credit cards have daily transaction limits. If the credit card is swiped too many times that day and the credit card daily limit has been reached, then when the card is swiped again, it will cause Credit card cannot be swiped.

4 Chip damage

When performing a credit card transaction, the credit card relies on the chip on the credit card to complete the transaction. If the chip is accidentally damaged on the credit card, the credit card transaction will not be completed. , you can only continue to use it by changing your credit card. Personal credit cards can only be used by the cardholder for daily consumption. Credit card overdraft funds (including installment products) can only be used for consumption purposes that comply with legal regulations and cannot be used in the real estate industry (including but not limited to the purchase of houses and parking spaces), production and operations, and stocks. Investments such as bonds, funds, etc. shall not be used to repay loans, credit cards, IOUs, etc., and shall not participate in any illegal financing, lending, gambling, etc. Previously, Minsheng, Ping An, CITIC, Everbright, Agricultural Bank of China and other banks have successively issued announcements clarifying the use of credit card funds, clearly stating that personal credit card overdrafts should be used in the consumption field, and shall not be used in non-consumption fields such as production, operation, investment, etc., including house purchases, Securities investment, financial management, other equity investments and other prohibited fields, etc.

What's wrong with credit card swiping?

The number one reason for unsuccessful credit card swiping is insufficient credit. When the POS machine prompts "wrong password", it must be that the credit card transaction was entered incorrectly. Password.

Long-term non-repayment, fraud risk and other reasons may cause the card to be locked; magnetic stripe cards are often placed together with mobile phones and other electronic products, which may cause degaussing? Similar situations may cause the card to become abnormal. , causing the transaction to fail.

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 prescribed credit limit. The so-called credit card generally refers to a credit card only.

A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), join VISA, MASTER Wait for international credit card organizations to make it universally applicable.

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.

Individuals applying for credit cards 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, he or she must also submit relevant credit certificates 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.

After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. The creditworthiness of the applying unit must be evaluated, and the relevant circumstances of the guarantor must also be reviewed for individuals.

What’s the matter if the credit card cannot be used to withdraw money?

Why can’t I withdraw money from my credit card?

If you have money on your credit card but cannot withdraw it, it may be due to the following reasons:

1. The card is damaged or demagnetized;

2. The POS machine is malfunctioning or the signal in the merchant's environment is poor;

3. The credit card is subject to risk control and the limit is frozen, resulting in the card being temporarily unusable;

4. System Risks were detected in the transaction, so the transaction was restricted

5. The available credit limit of the card is lower than the transaction amount or the transaction amount exceeds the set consumption limit;

6. The card has expired. Can no longer be used.

If it is the first and last reason, it is recommended that the customer contact the bank to change the card. If it is the second reason, you can only change POS machines or change merchants for consumption.

If it is the third or fourth reason, it is recommended that the customer directly pay with another payment method. If the card is frozen, the customer should pay attention to inquire about the reason for the freeze, and then solve the problem, such as overdue payment. If so, then you should pay off the debt as soon as possible and then take good care of your credit.

For the fifth reason, it is also recommended that customers use other payment accounts to pay for transactions. If the limit is exceeded, if the customer sets it himself, the customer can log in to online banking to adjust the limit. It is stipulated by the bank, so there is no manual intervention. For example, if the single-day consumption limit is exceeded, the customer can only use it the next day.

Why is the credit card unable to be used and restricted?

Credit card swiping is usually restricted for two reasons. First, there are multiple card swiping behaviors that trigger the bank's risk control system, thus restricting card swiping transactions. The other is that there is a risk of being swiped, which triggers the credit card risk control system and restricts the use of transactions in order to ensure the safety of funds. If your credit card is restricted from transactions, it is actually temporarily frozen. You need to contact the bank to inquire about the reason and handle the cancellation.

Credit card

Credit cards are divided into credit cards and quasi-credit cards. A credit card means that the cardholder has a certain credit limit and can consume within the credit limit and then repay later. A credit card for payment; a quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the quasi-credit card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

Disadvantages of credit cards

1. Credit cards can easily lead to over-consumption. This is a common problem among people who are in credit card debt. It is painful to swipe a card without paying money, so they spend even more uncontrollably by swiping the card. Not only is too much personal credit limit not evidence of good credit (repayment record is), but it is a risk in the eyes of financiers, which may actually push up borrowing interest rates.

2. The annual interest rate of credit card is as high as 18, which is true and can make borrowers lose money quickly. Credit card debt causes mental stress. Some card slaves report that they are often afraid to open their mailbox or mail. If you have bad credit, it will be more expensive to borrow money, or you may even be unable to borrow money.

3. Credit cards provide a choice of using debt to support debts or drinking poison to quench thirst, causing debts to get out of control. Short-term preferential interest rates ultimately do more harm than good. A certain percentage of people let emergency financing turn into long-term debt.

Don’t be tempted by short-term low interest rates and make unnecessary borrowing.

4. Too much personal credit limit is not only not evidence of good credit (repayment record is), but it is a risk in the eyes of financiers, which may push up the borrowing interest rate.

Necessary conditions for applying for a credit card for the first time:

1. The applicant is over 18 years old and has full capacity for civil conduct;

2. The applicant has a stable job and income, and the ability to repay credit card debts on time;

3. The applicant’s personal credit status is good.

Applicants who meet the above basic conditions may have the opportunity to apply for an ordinary credit card. Bank credit cards are divided into levels, usually including regular card, gold card, platinum card and other levels. Among them, the easiest to apply for is the regular card. If you are applying for a gold card or above credit card, the applicant generally needs to provide some information. Proof of financial resources. If this is your first time applying for a credit card and your income is not high, it is recommended that it would be easier to apply for a regular card.

This is the end of the introduction about why credit cards cannot be swiped and why credit cards sometimes cannot be swiped. Have you found the information you need?