Usually, the bank will stop the cardholder's credit card because of overdue repayment and non-repayment. If the credit card is overdue for repayment in multiple periods, timely repayment is the most basic requirement of the bank for the cardholder, and the bank will charge interest and late fees to the cardholder who is overdue for repayment. When the cardholder is overdue for many times or the overdue amount reaches a certain amount, the bank will think that the cardholder has malicious overdraft consumption behavior and will unilaterally terminate the use of the credit card.

Credit is suspected of illegal cashing, and many cardholders will make the idea of cashing in credit cards when the cash flow is insufficient. Due to the high risk of illegal cashing of credit cards, it is easy to cause bad debts in banks. If the bank thinks that the cardholder is suspected of illegally cashing out, it will reduce the credit limit of the cardholder or suspend the use of the cardholder's credit card according to the cardholder's specific situation.

When credit cards are at risk, banks will have a special system to manage the issued credit cards. When the bank thinks that the credit card has been swiped on a risky POS machine or the system prompts that the credit card has been hacked, it will stop paying the credit card for security reasons.

Ping An Bank, the full name of Ping An Bank Co., Ltd., is a cross-regional joint-stock commercial bank controlled by China Ping An Insurance (Group) Co., Ltd., one of Chinese mainland 12 national joint-stock commercial banks and one of the three business pillars of Ping An Group. Its headquarters is located in Shenzhen, Guangdong.

General business items include: handling RMB deposit, loan, settlement and remittance business; Acceptance and discount of RMB bills; All kinds of trust business; Issuing or trading RMB securities with the approval of the regulatory authorities; Foreign exchange deposits and remittances; Domestic and foreign loans; Issuing or acting as an agent to issue foreign currency securities at home and abroad; Trade and non-trade settlement; Acceptance and discount of foreign currency bills; Foreign exchange loans; Buying and selling foreign exchange and foreign currency securities on behalf of clients, and buying and selling foreign exchange on their own; Credit investigation, consultation and witness business; Insurance concurrent agency business; Gold import business; Other businesses approved or allowed by the relevant regulatory authorities. Business philosophy: adhere to the "three invariants", that is, adhere to the direction of retail transformation, adhere to the two core advantages of "comprehensive finance and technological empowerment", and adhere to the idea of balanced and coordinated development; Focus on creating three business cards of "digital bank, ecological bank and platform bank".

Under what circumstances will the credit card be stopped?

The main reasons for suspending credit cards are:

1. Overdue repayment:

If the credit card is overdue for a long time, the bank will generally assume that the cardholder has malicious overdraft behavior, which will have a high credit risk and will generally unilaterally terminate the use of the credit card.

2. Suspected of cashing out:

If cardholders frequently use POS machines to make large purchases or cash withdrawals, banks will doubt the credit of cardholders and generally freeze it.

3. Credit card theft:

When the credit card is lost or stolen, in order to prevent the loss caused by the theft of the credit card, the general cardholder will ask the issuing bank to freeze the credit card, and in some cases, the issuing bank will take the initiative to freeze the credit card for the cardholder.

Extended data:

Consequences of overdue credit card:

1, credit card late fee. The so-called credit card late payment fee refers to the fee that the cardholder should pay to the issuing bank in accordance with the regulations when the repayment date is overdue or the repayment amount is lower than the minimum repayment amount.

2. Overdue interest. If the cardholder's repayment is overdue, all the expenses of the cardholder last month will no longer enjoy the interest-free treatment of the bank, and the circulating daily interest rate is as high as five ten thousandths, that is, the annual interest rate reaches 18%.

3. Bad credit record. Credit card overdue repayment records will enter the central bank's credit information system to generate bad credit records. China's personal credit information records have been networked nationwide. As long as individual residents have handled loan business in banks, applied for credit cards, or provided guarantees for others, credit reports can be found in any domestic commercial bank.

4. Litigation costs. If the credit card is not repaid for more than 3 months, the bank will ask a lawyer to send a lawyer's letter to the user and file a lawsuit against the cardholder, and the litigation expenses will be borne by the cardholder.

5. Criminal responsibility for malicious overdraft. According to Article 196 of China's Criminal Law and relevant judicial interpretations, malicious overdraft refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. Those who engage in credit card activities with malicious overdraft shall be investigated for criminal responsibility for credit card crimes, sentenced to fixed-term imprisonment of not more than five years or criminal detention, and fined not less than 20,000 yuan but not more than 200,000 yuan.