Credit card payment stop means that the payment function of the credit card is stopped. Some friends occasionally experience the phenomenon of credit card "stop payment". So, what are the reasons for credit card payment stop? Let's learn more below. Go ahead!

What are the reasons that cause credit card payments to stop?

1. Severe overdue payment

If the cardholder does not repay the card after frequent use, it will be The bank questions the cardholder's ability to repay, so in order to avoid further increase in the bad debt rate, it takes payment stop measures on its credit card, so that the cardholder can no longer use the credit card for transactions.

2. Illegal card use

According to regulations, credit cards can only be used for daily consumption, and credit card arbitrage is prohibited. If such behavior is detected by bank risk control, it will Place a stop payment on your credit card.

3. Abnormal transactions

Risk transactions mainly include sudden overseas transactions, inconsistent transaction locations twice on the same day, or excessive transaction amounts. The bank’s risk control system combines the usual Conduct risk checks on card behavior. If potential risks are found, payment will be stopped on the credit card.

4. Counterfeit credit cards

Many criminals imitate the quality and model of credit cards to illegally create blank credit cards for transactions. If this behavior is recognized by the POS machine, payment will be stopped. , and may even be held criminally responsible for constituting credit card fraud.

Once credit card payments are stopped due to overdue or illegal withdrawals, banks generally do not accept reinstatement applications. Unless the cardholder can provide strong reasons or irresistible reasons, the stopped status of credit card payment cannot be restored.

How to lift the stop payment on a credit card?

1. If the overdraft is overdue, the cardholder can apply to the card-issuing bank to lift the stop payment after promptly repaying the overdue principal and interest. However, the bank has the right to reduce the limit before lifting the stop payment at its discretion, and even has the right to reduce the limit of high-risk overdue cardholders by 0 and not lift the stop payment;

2. Potential risk customers If a payment is stopped, the bank must conduct a risk check and verification on the cardholder. After eliminating potential risks, the bank will then lift the payment stop as appropriate.

3. The bank will not lift the payment stop for false card applications, counterfeit cards, etc.