What is the reason for blocked credit card?
When a credit card is blocked, it is usually because the card has abnormal conditions, is suspected of cashing out, or is overdue.
At this time, the user should proactively contact the card-issuing bank, inform customer service that the card is blocked, ask customer service to inquire about the reason for the card being blocked, and apply to unblock the card at the same time.
If there are no major problems after verification by customer service, the card can be unblocked.
If the user's card is suspected of cashing out, or the user is seriously overdue and fails to repay the card, the blocked status of the card will not be lifted at this time. The relevant problems must be solved first before the blocked card can be lifted.
Main features of credit card:
1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range. ;
2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;
3. Credit cards are high-tech products that integrate financial services and computer technology.
4. Credit cards can reduce the use of cash;
5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;
6. Credit cards It can simplify the collection procedures and save social labor;
7. Credit cards can promote product sales and meet social needs.
Main types
According to different card issuers, they can be divided into bank cards and non-bank cards
Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.
Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.
According to the different objects of card issuance, it can be divided into corporate cards and personal cards
Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.
Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.
According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards
Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.
Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits.
What behavior will cause a credit card to be blocked?
If a credit card is overdue for more than three terms, the bank will charge interest and late fees for cardholders who overdue repayments. When multiple overdues occur or the overdue amount reaches a certain amount, the bank will consider that the cardholder has malicious overdraft consumption behavior, and the risk of continuing to provide revolving credit to the cardholder is very high, and will unilaterally stop the use of the credit card.
Illegal cash-out or card maintenance risks. Many cardholders will resort to credit card cash-out when they lack cash flow. In fact, this is something that banks are very concerned about. The card-issuing bank will either reduce the cardholder's credit limit or suspend the cardholder's use of the credit card based on the cardholder's specific situation.
When a risk occurs, when the bank believes that a certain credit card has been swiped on a risky POS machine, or the system prompts that a certain credit card has been attacked by a hacker, the credit card will be suspended for security reasons.
Credit Card (English: CreditCard), also called credit card.
It is a non-cash transaction payment method and a simple credit service. Credit cards are generally 85.60 mm long, 53.98 mm wide, and 1 mm thick, special carrier plastic cards with consumer credit. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.
Are you sure? Why is the credit card blocked?
1. If you submit information through an intermediary, your card will be blocked directly if there is any suspicion.
2. Repeated operations in the same store for several months.
3. Do not make transactions with cents, such as 5000.12, 1W.5 (liquidation is inconvenient)
4. The limit of a card is 10,000, just activate it at the POS Brush it off once on the machine.
5. The same card is used on the same capping machine on a fixed date every month, occupying bank funds.
6. There are transactions beyond normal business hours, such as merchants in the wholesale market having transactions after get off work hours.
7. Use Alipay too much for payment in a short period of time. For example, CITIC’s maximum single transaction is 1,000, and multiple transactions are 998, 995, 899, 999 and other similar numbers.
8. If the credit card limit exceeds 1W, each credit card swipe should be controlled within 60. Do not swipe it all on the same machine on the same day, but swipe it over several days or machines
9. The credit card has been in a state of being empty for a long time. For example, if the repayment date is rounded up in a short period of time and then rounded up, and there is no record of card swiping at other times or less than 2 transactions, the background system can detect it after several months of operation.
10. It can also be detected if you use your own POS machine to swipe your credit card frequently.
11. Integer single transactions, such as 10000, 50000, 100050, 200040, 9998, 9995, 19999.50, 10200, 20400, 10500, 50500, are all suspected of cashing out.
12. The same card has transactions on two or more terminals within 30 minutes, regardless of success or failure, including balance check.
Under what circumstances will a credit card be blocked?
Cashing out; frequently overdue repayments; using jump code POS machines to swipe cards; applying for credit cards through intermediaries; abnormal transactions; entering the wrong password three times in a row. Banks will freeze credit cards that are used illegally. Cardholders need to use credit cards in a regulated manner to avoid overdue payments and cash out.
Credit cards and bank cards have the same mechanism. As long as the cardholder enters the wrong password three times in a row, the bank will freeze the credit card. Some banks provide cardholders with the opportunity to enter the wrong password five times in a row. Generally, the card will be blocked if the cardholder enters the wrong password three times in a row.
Credit cards are consumption tools. Although credit cards have the function of withdrawing cash, they do not mainly provide loans. Cardholders should avoid cashing out, as cashing out with a credit card is a serious violation of bank regulations. Even if the cardholder has not cashed out but is just suspected of cashing out, the bank will freeze the cardholder's credit card.
Using a code-hopping POS machine to swipe a card will cause the credit card to be blocked. When the cardholder swipes the card for consumption, the bank will charge part of the merchant's fee. However, when the card is swiped at the POS machine of a public welfare or hospital, the bank does not charge a fee. Some merchants use code-skipping POS machines to swipe their cards, and banks hate this behavior.
If a credit card is frequently overdue, it will definitely be blocked. An overdue credit card means that the cardholder's credit is not good and the bank is at risk of losing money. In order to avoid losses, banks will freeze the cardholder's credit card in advance.
Five Reasons/Reasons for Credit Card Blocking
Just like when applying for a card, the bank will not tell you the reasons for approval or rejection. The same is generally true when your bank card is frozen or your account is blocked. It's very sudden, so what are the reasons why your bank credit card is blocked?
For example, frequent overdue payment, cash out, and single payment method may be the reasons! It is recommended to swipe more and use more, avoid going to high-risk and high-risk places to swipe cards or cash out, and malicious overdrafts are strictly prohibited.
1. Multiple overdue repayments
When using a credit card, you must first repay on time. If you cannot repay in full, you can solve it in installments. If the expected number of times is not many, you can Call the bank to explain the situation and discuss unfreezing.
2. Cashing out leads to freezing
Frequently using the same POS machine to withdraw large amounts of cash will cause UnionPay to doubt your credit, and the bank will reduce your credit card limit. In serious cases, it will Block the card directly.
3. Second-clearance POS machine set codes and code hopping
There are many second-clearance POS machines on the market. Because some of them use the large merchant model, credit card consumption records are in a state of chaos! In such a situation, the same credit card will have credit card usage records in several different cities within one day. This situation will definitely be blocked by bank monitoring!
4. The scope of credit card swiping is small
Basically swipe cards within the scope of your business industry, and the bank's risk prevention is very sensitive.
5. Online consumption
I often consume online. Since online consumption banks have no profit, there is a high possibility of being frozen.
What does blocking a credit card mean? How to seal it?
Credit card blocking means that the credit card is frozen and can no longer be used. It is blocked by the bank.
There are usually reasons why a credit card is blocked. One is that the credit card is risky, the other is that the credit card is considered cashed out by the bank, and the other is that the credit card is overdue.
There are risks. For example, if you often spend money in China, but suddenly a large overseas transaction occurs, the bank will think that there is a risk of being swiped. In order to reduce losses, it will block the card. Overdue card blocking may be due to non-payment for three consecutive months, being on the bank's blacklist, or the account being used for illegal activities such as fraud, terrorist financing, etc.
Extended information:
Notes:
1. After blocking the credit card, you must repay it in full at once.
2. If the credit card is frozen due to overdue credit card, the overdue amount should be repaid as soon as possible;
3. After paying off the credit card balance, the cardholder can call the bank’s credit card customer service Center, explain the situation, and usually the bank will unfreeze it.
4. From now on, cardholders must repay every installment on time to avoid overdue payments.
5. If the bank thinks that the credit card has been erroneously blocked due to cashing out, you can go to the bank branch to submit your supporting materials, such as credit card payment notes. The blocking can usually be unblocked after presenting the supporting materials.