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. The card opening process 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.

What happened when the credit card suddenly became unusable

1. There were many violations (such as cashing out) during the use of the credit card, which triggered the bank's risk control system.

2. Consumption in other places. For out-of-town purchases, the bank system will determine that the cardholder is in an unfamiliar transaction environment and temporarily suspend the cardholder's credit card. You can use it after replying to the text message.

3. The credit card is overdue or other loans in the name of the cardholder are overdue. When a credit card expires, the cardholder's credit card will be frozen. If other loans under the cardholder's name are overdue, the bank's risk control system will be triggered.

4. The credit card limit has been reached. Cardholders can modify the transaction limit through mobile banking and online banking, and they can be used after the modification is completed.

5. Trading equipment failure. Restart the device, reconnect to the network, and then try swiping or swiping the card again.

6. Credit card failure. The credit card is degaussed or the track is damaged or the chip fails. In this case, you need to bring your ID card and credit card to the bank to replace the credit card. If it is not for the above reasons, the cardholder can contact the bank customer service to inquire about the specific reasons why the credit card cannot be used. According to the "Law of the People's Republic of China on the People's Bank of China", the "Law of the People's Republic of China on Commercial Banks", the "Interim Regulations on Cash Management" and other relevant regulations, the People's Bank of China strictly prohibits cardholders from using credit cards, bank cards, payment New settlement tools such as cards are cashed out illegally.

Content Overview

1. Credit card Credit card is a non-cash transaction payment method and a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.

2. Credit cards are issued by commercial banks to individuals and organizations. They are used to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with a stamp on the front. A card with the name of the issuing bank, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.

3. A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoy an interest-free payment period, and can repay in installments independently (with a minimum repayment amount), join VISA , MASTER and other international credit card organizations so that it can be used globally.

Why will my Bank of China credit card be suspended?

My bank's credit card may be suspended due to the following reasons:

(1) Our bank's work When the staff is checking the transaction with you on the phone, if the staff refuses to acknowledge the transaction/refuses to cooperate with the verification/the contact information is invalid/the card is used by someone else, the staff will stop paying the card;

(2) Occurrence The situation of overdue repayment;

(3) The local branch stops payment of the card after comprehensive evaluation;

(4) A transaction is denied and the customer takes the initiative to call the customer service hotline to apply for stop payment.

The above content is for your reference, please refer to actual business regulations.

This is the end of the introduction about why credit cards become invalid and why credit cards become invalid. Have you found the information you need?