What to do if your credit card is restricted?

Solutions to your credit card being restricted:

1 When using a credit card, if it is due to the credit card consumption limit on the day If you exceed the limit required by the bank or set by yourself, you can usually resume normal use after 12 o'clock in the evening.

2 If the use of the credit card is restricted due to overdue repayment of the credit card, the user first needs to fulfill the repayment obligations and pay off the overdue balance, and then apply to the bank to lift the restriction and resume normal use of the credit card. Generally, if the overdue situation is serious, the bank will not restore the user's credit card even after fulfilling the repayment obligation. In this case, it often means that the user has been included in the bank's blacklist.

3 If a credit card is restricted due to suspected cash-out, the cardholder needs to provide relevant consumption vouchers to the bank before the restriction can be lifted.

4 If the credit card involves card security issues, the cardholder needs to go to the bank to go through the relevant procedures to lift the restriction. Generally, in this case, the bank wants to avoid credit card theft, and the cardholder must prove to the bank Once the credit card account is safe, the restrictions can be lifted and normal use can be resumed.

What happened when the credit card suddenly became unusable?

The credit card suddenly became unusable, which may be caused by the following reasons:

1. The credit card transaction amount exceeded the setting Limit

Nowadays, most bank credit cards can set transaction limit limits, such as how many transactions can be made per day, what is the transaction limit, or what is the total transaction limit in a billing cycle. This function mainly plays a role in protecting the safety of funds and preventing excessive losses during theft. If the cardholder has set a transaction limit, he can log in to online banking or mobile client, modify the limit limit there, or close the limit, and then he can use it normally. After swiping the card, you can also modify the limit to ensure the safety of credit card funds.

2. The credit card limit was reduced by the bank

Due to various reasons, the credit card limit was reduced by the bank, but the bank did not notify the cardholder. For example, if the cardholder's original credit card limit is 20,000, if he has overdrafted 10,000, the remaining limit will be 10,000. But the bank suddenly reduces the credit card limit from 20,000 to 10,000, so the remaining limit is 0. When the cardholder swipes the card for consumption, he will not be able to make transactions. In this case, the cardholder needs to call the bank to ask the reason for the reduction and see if he can apply to restore the limit.

3. The use of credit cards is not compliant

According to regulations, credit cards can only be used for normal consumption, but many cardholders often swipe their cards at wholesale merchants. After too many times, they will Being restricted by the system to certain categories, especially wholesale merchant transactions, for example, being unable to continue swiping cards at wholesale merchants; or being limited in the amount of a single transaction.

4. There are risks in credit card transactions

A certain transaction may have risks, triggering the bank's risk control system and causing the transaction to fail. Common situations include swiping cards at the POS of merchants that are blacklisted by banks, sudden overseas transactions without registration, etc. In this case, you can switch to another merchant for consumption. If it is overseas consumption, some banks need to call in advance to register. This is also to ensure the safety of credit card funds.

5. Transaction equipment failure problem

If there is a problem with the transaction system, such as network delay, equipment problems, etc., generally you can just swipe the card again after a while.

How to restore a credit card that cannot be used

1. If the credit card is overdue, you can pay off the balance first, and then contact the bank customer service to apply for cancellation of the restriction. When explaining the reason for the overdue, Banks will generally agree to lift the restriction.

2. If the credit card is used irregularly, the cardholder can contact the card-issuing bank to explain the situation and submit real transaction vouchers to prove that he has no abnormal transaction behavior, thereby eliminating the bank's worries. The bank is likely to would agree to lift this restriction.

3. If the card is swiped out of town or the available balance is swiped at once and the service is suspended, the cardholder can contact the bank customer service and clearly indicate that he is using the credit card, and the bank will quickly restore it after verification. Use a credit card.

It can be seen from this that if you want to effectively avoid being suspended by the bank, you must maintain good behavior when using your credit card and pay back the card in full and on time. payment.

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit limit. In the 1950s, McNamara, a credit expert in Manhattan, was dining in a restaurant. Since he did not bring enough money, he had to ask his wife to send money. This made him feel very embarrassed, so he organized the "Diners Club" (English: Diners Club). Members can bring a dining charge card to 27 designated restaurants to record their consumption without having to pay cash. This is the earliest credit card. Franklin National Bank was the first bank to issue a credit card, and other U.S. banks later followed.

It is said that one day, American businessman Frank McNamara was entertaining guests for a meal in a New York hotel. After the meal, he found that he had forgotten his wallet with him. He was deeply embarrassed and had to call his wife to bring it with him. Pay cash at the hotel. So McNamara came up with the idea of ??starting a credit card company. In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the "Diners Club" in New York, the predecessor of Diners Club. Diners Club provides members with a card that can prove their identity and payment ability. Members can use the card to record their purchases. This kind of credit card that does not require bank processing is still a commercial credit card.

In 1952, Franklin National Bank in California, USA, was the first financial institution to issue a bank credit card. In 1959, Bank of America issued the Bank of America card in California. Since then, many banks have joined the ranks of card-issuing banks. By the 1960s, bank credit cards were quickly welcomed by all walks of life and developed rapidly. Credit cards became popular not only in the United States, but also in the United Kingdom, Japan, Canada and European countries. Since the 1970s, developing countries and regions such as Hong Kong, Taiwan, Singapore, and Malaysia have also begun to issue credit card services.

The word "credit card" originally refers to the financial product introduced in this post, but because there were no credit cards in China before, or even debit cards without any credit card functions became very popular. Therefore, real credit cards can only be given the nondescript name of "credit card". A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), and joins VISA, MASTER, JCB and other international credit card organizations to benefit the world. Universal.

This is the introduction of what to do if your credit card cannot be used.