How to freeze a credit card

You can call the bank’s customer service number.

When I called the customer service hotline of each bank’s credit card center, I learned that many banks such as Bank of China, Shanghai Pudong Development Bank, China Everbright, and Industrial Bank have activated the temporary freezing function. If the cardholder temporarily loses his or her credit card, he or she can apply for a temporary freezing first. Once the card is recovered, it can be canceled by phone.

Some banks have a short credit card freezing service period. If the period is exceeded, the credit card will be automatically reported as lost and corresponding handling fees will be charged. According to the customer service of China Merchants Bank, no matter when you call to apply for a temporary freeze on the day, it will only be kept until 15:30 of the next day. If within that time, regardless of whether the card holder finds the card, he must contact customer service in time. If If you do not call customer service, the loss will be reported automatically and a loss reporting fee of 60 yuan will be charged.

Although temporary freezing can reduce wasted money, people in the banking industry remind that the temporary freezing function does not mean reporting a loss. The losses incurred during the temporary freezing period are still borne by the cardholder himself.

It should be noted here that the temporary freeze has a time limit, usually 24 hours. What needs special reminder here is that after the temporary freeze on the credit card expires, it will automatically turn into a formal freeze, and the loss report fee will be deducted from the credit card account. : The function of temporary freezing is to minimize risks, but it is not without risks. This risk must be borne by yourself.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

How to freeze a credit card in the hands of others

If a user wants to freeze his or her credit card, he or she can directly call the credit card customer service hotline of the corresponding bank, and then transfer to the manual customer service and explain himself to the customer service Regarding the current situation of the credit card, ask customer service to help freeze the credit card as soon as possible to avoid unnecessary financial losses.

Of course, users need to pay attention to the fact that some banks’ credit card freezing time is relatively short, so when consulting customer service, you should ask clearly about the freezing time.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay;

A quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve as required. When the reserve account balance is insufficient for payment, the card can be overdrawn within the specified credit limit. The so-called credit card generally refers to a credit card only.

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 apply to the card-issuing bank. 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, he or she must also submit relevant credit certificates 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.

Cancellation

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.

Under what circumstances will a credit card be frozen?

1. When the credit card is overdue multiple times, or there is suspicion of cashing out, and there are multiple consecutive large-amount integer card payments, overseas consumption, and two places at the same time If you swipe your card for consumption, etc., the credit card will be frozen.

2. ①Multiple overdue situations

3. Different overdue situations have different consequences. Generally speaking, if you are overdue for more than three consecutive months, the bank will freeze the credit card and report it to the bank. Central bank personal credit report.

4. It should be noted that overdue does not only refer to overdue credit cards. Multiple overdue bank loans of other types will also cause the credit card to be frozen.

5. ② Suspicion of cashing out

6. Cashing out violates the law. The bank clearly stipulates that cardholders cannot use credit cards to cash out.

7. Once the bank finds out that the cardholder’s cash withdrawal behavior is true, the credit card will be frozen.

8. ③Abnormalities in credit cards

9. If there are multiple consecutive large-amount integer card payments, overseas purchases, and card payments in two places at the same time, the bank will consider the credit card to be abnormal. , in order to prevent your credit card from being stolen, the bank will freeze your credit card.

10. ④ Entering the wrong password more than three times

11. When using a credit card to make purchases, if you continuously enter the wrong password, the credit card will also be frozen. Different banks have strict requirements for continuously entering the wrong password. The regulations are different. Some banks will freeze your credit card if you enter the wrong password three times in a row, while others will freeze your credit card if you enter the wrong password five times in a row.