What should I do if my credit card is locked?

What to do if your credit card is locked

There are many situations when your credit card is locked. The following are solutions:

1. Enter the wrong password. If the credit card payment password is entered incorrectly continuously, the card will be locked. The cardholder can bring their ID card and credit card to any bank branch to unlock the card.

2. Overdue. If your credit card is locked due to overdue payment, you need to pay off the balance first, and then the system will unlock it on its own.

3. Property is frozen. This situation involves a legal lawsuit, which needs to be resolved before it can be unlocked.

4. Risky trading. Contact the bank to explain that your transaction is normal, and you can unlock it after good communication.

Let’s first look at the three reasons why your credit card is locked.

1. The password is entered incorrectly. If you enter the wrong password three times in total, your credit card will be locked. But now it is almost free of password for small amounts, and there are not many cases of being locked in this situation. If you enter the wrong password when making a large purchase and are locked, you can call the customer service of the card issuing bank to ask how to unlock it.

2. If risky transactions are detected by the bank, the card will also be locked. Frequent large-amount cash withdrawals and large-amount cash withdrawals from POS machines. Some cardholders installed their own POS machines and swiped their credit cards, but no real transactions occurred. In some cases, the consumption amount was different from the actual price of the goods. If this happens, you must use the card wisely.

3. Locked after expiration. The consequences of being overdue are very serious. Not only will your credit report be hindered, but your card will also be locked if the card is seriously overdue. Therefore, if you use a credit card, you must pay it back in time.

Normally, when a credit card is blocked after it expires, it is considered a situation where the bank freezes the card. A locked credit card means that the bank card is in a state where payment cannot be made. After the credit card is locked, the cardholder cannot make withdrawals and other spending activities, and the money in the credit card cannot be touched. Currently, there are many reasons why credit cards are locked. Users who want to unlock their cards need to first understand the reasons why their credit cards are locked.

CreditCard is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department for shopping or consumption, and then The bank makes settlements with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

What to do if your credit card is locked

If your credit card is locked, you should first find out the reason why it is locked. Once you know the reason why your credit card is locked, you can then find a solution based on the reason. Common reasons for credit card being locked include: 1. Entering the wrong password. 2. Account risk. 3. Long-term debt arrears.

1. The password is entered incorrectly. If a credit card holder enters too many incorrect passwords when using the credit card to make purchases, transfer money to others, or log in to the credit card account management center, the credit card will be temporarily blocked by the system in order to reasonably avoid risks.

You can ignore the problem of your credit card being locked and it will be unlocked on its own the next day. If you are in a hurry to use the credit card, you can take your personal ID card to the nearest bank to report the loss first, and then reset the password.

2. Account risk. If the credit card holder engages in irregular behavior when using the credit card (such as cashing out the credit card, using the card to finance loans, etc.), the credit card account will be deemed by the system to have a fund security risk or the card may be suspected of being stolen. , and lock (or freeze) it.

When a credit card account is locked due to financial security risks, the cardholder needs to bring the original ID card to the counter of the card-issuing bank to apply for unlocking (or unfreezing) in person, and inform the bank of the recent purpose of the credit card transaction. . Some banks may charge certain fees for unlocking services.

3. Long-term debt arrears. When a cardholder uses a credit card, if the credit card repayment is overdue, the bank will usually charge overdue interest as a reminder when repaying the payment, and will not block the credit card immediately. But if you fail to pay off the balance for three consecutive months, the bank will block the credit card.

If your credit card is locked due to long-term debt, the most important thing is to find a way to pay off the debt first, and then maintain normal business dealings with the card-issuing bank for at least three months. An application for unlocking can be made to the bank.