Taking China Merchants Bank's credit card as an example, the common reasons for credit card swiping failure are: 1. The credit card is not opened; 2. The transaction password is wrong; 3. The credit card limit is unstable; 4. The available credit card amount is insufficient; 5. The credit card limit is limited. You can log in to credit card online banking and click Card Management-Card Limit Adjustment to make adjustments.

First, the cardholder's personal behavior, the cardholder plays the trick of "others spend their own cards", swipes other people's shopping accounts into their own cards to increase points, and at the same time, the shopper returns the cardholder's cash, which can kill two birds with one stone for the cardholder. Because many banks have launched value-added services while issuing credit cards, they have carried out activities such as exchanging consumption points for gifts to show people's enthusiasm for card consumption.

Second, cardholders cooperate with merchants or some "loan companies" and "intermediary companies", and cardholders get cash by paying fees to merchants. Generally, the merchant's POS machine is used to make false transactions, and the amount on the credit card is crossed out. Merchants or "loan companies" and "intermediary companies" pay cash on the spot (paying cash to cardholders), and the handling fee paid by cardholders to merchants is lower than that of banks.

The consumption mode of using credit card is basically the same as that of using debit card, but there are some minor differences. When using a credit card, please follow the following methods:

1. When swiping your card, please don't put your credit card away from your sight to avoid misuse or theft;

2. Don't sign a blank or unfilled bill at will;

3. Before signing, please be sure to confirm whether the amount listed in the signed bill is correct, and pay attention to whether the consumption currency and the amount expressed in words and figures are correct;

When using a credit card, you must sign to confirm the consumption. Generally, you don't need to show your ID card or enter your password. However, please cooperate in the following situations:

Due to the operating standards, POS machines in some cities still need to enter passwords. Please enter 6 digits at will. If you spend a lot of money or buy goods that are easy to realize, it is recommended that you enter an accurate ATM private password.

5. When the transaction needs to be rewritten or cancelled due to the wrong signing, please ask the merchant to tear up all the original signing and keep the return voucher given by the merchant to avoid future occurrence;

6. After signing the bill, please confirm that the credit card returned by the salesperson of the special merchant is indeed his own credit card;

7. After the transaction is completed, please keep the root contact of the signing cardholder for checking with the credit card statement sent by the bank.

Why can't I swipe the balance in my credit card?

The reasons why money can't be brushed out in credit card banks are generally:

1, credit card information cannot be read: at present, the widely popular credit cards are magnetic stripe cards and chip cards, which involve the failure of magnetic stripe and chip. Generally, the long-term use of credit cards may lead to the failure of magnetic stripe and chip, and it is impossible to read the invalid credit card information, which leads to the abnormality of credit cards. In this case, the cardholder can only ask the issuing bank to change the card, and generally needs to bear a certain card replacement fee.

2. Credit card payment is limited: There are many reasons why credit card payment is limited, including the amount of credit card payment exceeds a single amount, the limit of the same day and the same month, the credit card limit is insufficient, and the credit card is frozen. In this case, the credit card can only be swiped after solving the influencing factors according to specific reasons.

3. Abnormal credit card transactions: Banks will monitor and identify credit card swiping and payment. Once the transaction is abnormal, the credit card will be frozen, which may be caused by fraudulent swiping. For example, a large amount of foreign transactions in a short period of time can be judged as fraudulent credit card swiping.

If the credit card is frozen, you can call the bank customer service or limit your high consumption.

Why can't I swipe my credit card if there is a limit? I can't swipe my card. That's why.

Today's consumption is no longer just dependent on cash payment. Credit cards, WeChat and Alipay can all be used for payment. If you pay by credit card, you can spend in advance, because the credit card itself has a limit. However, sometimes there will be cases where there is a limit in the credit card, but it cannot be used. Then, why can't credit cards be swiped if there is a limit?

First, credit cards are restricted.

If your credit card is clearly limited, but you can't swipe it, then it may be that your credit card is restricted.

For example, if you set a daily limit for your credit card, you can't swipe your card in the future even if there is still a limit in your card when your consumption has reached the limit that day.

Or if you swipe your card too frequently in a day, it will also be restricted, resulting in a limit in the card but you can't swipe your card.

Second, the card is frozen.

If your card is abnormal, such as being frozen by the bank, you can't swipe it even if there is a limit in the card.

Third, the password is wrong.

For example, when we use a credit card to spend money, we often need a transaction password, and if you enter the wrong transaction password, the card will not be able to pay for the transaction, so there will be cases where the card has a limit but cannot swipe the card.

Fourth, there is something wrong with the POS machine.

If your card is obviously limited but you can't swipe it, it may be that the POS machine of the merchant has failed, so you can't swipe it.

Verb (abbreviation for verb) card is damaged.

If you need to swipe a credit card for transactions, the magnetic stripe on the card is very important. If the magnetic stripe on your credit card is damaged, you can't swipe your card.

6. The transaction is risky.

If your credit card transaction is suspected to be risky by the bank, the bank will not let you successfully conduct this transaction in order to avoid the risk.

For example, many people use their cards improperly, which leads the bank to suspect that you are cashing in when you trade, so you can't trade, which leads to that you can't swipe your card if there is a limit in your card.

The above is the question "Why can't I use a credit card with a limit?" The answer. If you use a credit card to make a transaction and find that there is a limit in your card, but you can't swipe it, then you can see if it is caused by the above reasons.

Credit cards can't be swiped. What happened?

The first reason why the credit card is unsuccessful is that the amount is insufficient. When the POS machine prompts "password error", it must be a credit card transaction password error.

Long-term non-repayment, fraud risk and other reasons may lead to the card being locked; Magnetic stripe cards are often put together with electronic products such as mobile phones, which may lead to degaussing? A similar situation may make the card status abnormal, resulting in transaction failure.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

A real credit card has the following characteristics: cash is not allowed to be pre-deposited, it is paid after consumption, it enjoys an interest-free repayment period, and it can be repaid in installments (with a minimum repayment amount). Joining international credit card organizations such as VISA and MASTER can be used worldwide.

The object of applying for credit card can be divided into units and individuals. Applicants should be organs, enterprises and institutions, foreign-invested enterprises and individual industrial and commercial households with independent legal personality in China. When applying for a credit card, each unit can get 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 guarantees to banks. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee.

The application method is generally by filling in a credit card application form, which generally includes the applicant's name, basic information, economic situation or income source, guarantor and its basic information. And submit some copies of certificates and vouchers to the issuing bank.

After filling in the application form truthfully, the customer shall submit the completed application form and relevant credit certificate. A credit card contract is attached to the application form. The applicant authorizes the issuing bank or relevant departments to investigate the relevant information, and submit the information authenticity statement and the privacy protection policy of the issuing bank. , and must have the applicant's autograph.

After receiving the application form and related materials submitted by the applicant, the issuing bank shall review the applicant's credit standing. The contents of the audit mainly include whether the contents of the application form are true, evaluating the credit degree of the applicant, and auditing the relevant information of the personal guarantor.

What's the matter with the credit card not coming out?

Credit cards cannot be swiped, which may be caused by the following reasons: abnormal credit card status, such as card sealing, risk control, freezing, etc. ; Credit cards have a credit card limit, and you can't exceed the limit. Trading merchants are restricted, and users can only swipe their cards at designated merchants. The card is damaged and cannot be read normally. So there are many reasons why credit cards can't be swiped. In case the user can't brush it out, he can contact the customer service of the issuing bank directly, and the customer service will help the user solve the problem in time.

1 Credit card is frozen.

The banking system will monitor credit cards according to their usage. If the credit card is abnormal, the system will freeze the credit card to reduce the loss of the cardholder.

2 There are risks in the transaction

When using a credit card to spend, if the bank detects that the transaction is risky, in order to prevent the risk, the bank will not let the credit card complete the transaction, which will make the credit card unable to spend.

3 trading restrictions

Credit cards have a daily transaction limit. If you swipe your card too many times that day and reach the daily limit of your credit card, then when you swipe your card again, your credit card will not be able to swipe your card.

4 chip damage

Credit cards rely on the chip on the credit card to complete the transaction when conducting credit card transactions. If the chip is accidentally damaged by the credit card, the credit card transaction cannot be completed, and the credit card can only be replaced to continue to be used. Personal credit cards are limited to the daily consumption of cardholders. Credit card overdraft funds (including installment products) can only be used for consumer purposes according to law, and may not be used for real estate (including but not limited to buying houses and parking spaces), production and operation, investment in stocks, bonds, funds, etc. , repayment of loans, credit cards, IOUs, etc. , shall not participate in any illegal financing, lending, gambling and other activities. Previously, banks such as Minsheng, Ping An, CITIC, China Everbright, and Agricultural Bank of China issued announcements one after another to clarify the use of credit card funds, and clearly pointed out that personal credit card overdrafts should be used in the consumer field, and should not be used in non-consumer fields such as production and operation, investment, including housing purchase, securities investment, wealth management, and other equity investments.

What is the problem with credit cards that can't be swiped?

Credit card swiping is restricted for two reasons. First, there are many cash-out behaviors, which trigger the bank's risk control system, thus limiting credit card transactions. The other is that there is a risk of theft, triggering the credit card risk control system, in order to ensure the safety of funds and thus limit the use of transactions. If the credit card is restricted from trading, it is actually temporarily frozen. Need to contact the bank to consult the reasons and handle the cancellation.

credit card

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

Credit card fraud

1. Credit cards can easily lead to excessive consumption. This is a common problem for people who are caught in card debt, and swiping the card does not hurt the banknotes, so the consumption of swiping the card is even more unrestrained. Excessive personal credit limit is not evidence of good credit (repayment record is), but the risk in the eyes of financiers, which may push up the loan interest rate.

2. The annual interest rate of credit card is as high as 18%, which is true and can make the borrower lose blood quickly. Credit card debt brings mental stress. Some card slaves report that they are often afraid of opening mailboxes or emails. If the credit is not good, the cost of borrowing money is higher, and even money cannot be borrowed.

3. Credit card provides the option of raising debts by debt and quenching thirst by drinking poison, which leads to debt out of control. The short-term preferential interest rate is not worth the loss in the end. A certain proportion of people will turn emergency financing into long-term debt. Don't be tempted by short-term low interest rates to make unnecessary loans.

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

Prerequisites 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 has the ability to repay the credit card arrears on time;

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

Applicants who meet the above basic conditions have the opportunity to apply for ordinary credit cards. There are different grades of bank credit cards, which usually include ordinary cards, gold cards and platinum cards. Among them, the universal card is the easiest to handle. If you apply for a credit card with a gold card or above, you generally need the applicant to provide some financial proof materials. If it is the first time to apply for a credit card, my income is not high. I suggest it will be easier to apply for an ordinary card.

The introduction of why credit cards can't be swiped and why credit cards can't be swiped ends here. I wonder if you have found the information you need?