Why are credit cards blocked?

Why credit cards are frozen

Generally, it is caused by the following seven situations:

The bank card is reported lost; it is frozen; the bank card is not opened Enabled; the bank card was degaussed and unreadable; the bank card password was entered incorrectly and the card was swallowed; the bank card was canceled due to abnormal account status due to failure to swipe the card according to the regulations.

After the above situation occurs, you need to go to the counter to handle relevant business with your card and ID card to solve the problem.

If the bank card is a credit card, the card will generally be blocked if the following circumstances occur:

1. Suspected cash withdrawals lead to freezing. Frequent use of POS machines to withdraw large amounts of cash has caused UnionPay If your credit is doubtful, the bank will lower your credit card limit, and in serious cases, the bank will directly block the card.

2. The solution to multiple overdue repayments is to repay in full (the freeze will not be released before repayment), call customer service and ask for release. As a result, the credit limit may be reduced, but if the number of overdue payments is Not much, usually customer service will defrost it.

3. Second-clearance POS machine set codes and code hopping. There are currently a proliferation of second-clearance POS machines in the market. Due to some of them using the large merchant model, credit card consumption records are in a state of confusion! For example, Zhang San lives in Beijing. He made a transaction of 100 yuan in a certain store, and the bank registration information of the second-clearance POS machine used by the other party may be in another city. Once Zhang San makes purchases at the Erqing POS machines in other merchant classes on the same day, and encounters a similar situation, there will be records of credit card swiping in several different cities in one day, and it is very easy to be monitored and seized by the bank.

4. If your property is frozen or confiscated due to various reasons, your credit card will also be frozen. This situation is relatively rare. Solve the lawsuit first, and then consider unfreezing the credit card.

Why are credit cards blocked and their limits reduced? Learn the solution!

Nowadays, many people are accustomed to using credit cards for consumption, but some users will encounter situations where their card limit is reduced and blocked because they use the card incorrectly. So, why are credit cards blocked and their limits reduced? Let’s briefly talk about the reasons and solutions for those who are interested.

1. Why are credit cards blocked and their limits reduced?

1. Illegal use: If the user himself performs operations such as "cash-out" when using a credit card, the bank will reduce the user's credit card and block the card in order to avoid this behavior. , and whether it can be unfrozen and restored later is still a question, which is generally difficult.

2. Card problem: If the background detects that the credit card is at risk, such as fraudulent use, the card will also be blocked. Users can then go to the bank to apply for a new card.

3. Credit card overdue: If the user has poor repayment awareness and frequently overdues, the bank will also take measures against such risky customers. It is possible to reduce the credit limit, charge liquidated damages, and block the card. This situation can only be solved by the user himself, by paying off the amount owed as soon as possible, and then trying to apply for card unblocking after a period of time.

The above is the answer to "Why are credit cards blocked and the limit reduced?" I hope it can be helpful to everyone. Generally speaking, credit card blocking and reduction are mainly due to the risks of credit cards, and this risk may come from external factors, such as fraudulent use, or it may come from the users themselves, such as frequent overdue payments, which have hit the bank's bottom line. Or cashing out illegally, etc. Therefore, as long as we understand the reasons for card blocking and derating, we can solve them in a targeted manner.

Five Reasons/Reasons for Credit Card Blocking

Just like when applying for a card, the bank will not tell you the reasons for approval or rejection. The same is generally true when your bank card is frozen or your account is blocked. It's very sudden, so what are the reasons why your bank credit card is blocked?

For example, frequent overdue payment, cash out, and single payment method may be the reasons! It is recommended to swipe more and use more, avoid going to high-risk and high-risk places to swipe cards or cash out, and malicious overdrafts are strictly prohibited.

1. Multiple overdue repayments

When using a credit card, you must first repay on time. If you cannot repay in full, you can solve it in installments. If the expected number of times is not many, you can Call the bank to explain the situation and discuss unfreezing.

2. Cashing out leads to freezing

Frequently using the same POS machine to withdraw large amounts of cash will cause UnionPay to doubt your credit, and the bank will reduce your credit card limit. In serious cases, it will Block the card directly.

3. Second-clearance POS machine set codes and code hopping

There are many second-clearance POS machines on the market. Because some of them use the large merchant model, credit card consumption records are in a state of chaos! In such a situation, the same credit card will have credit card usage records in several different cities within one day. This situation will definitely be blocked by bank monitoring!

4. The scope of card swiping is small

Basically swipe cards within the scope of your business industry. The bank's risk prevention is very sensitive.

5. Online consumption

I often consume online. Since online consumption banks have no profits, there is a high possibility of being frozen.

What is the reason for blocked credit card?

When a credit card is blocked, it is usually because the card has abnormal conditions, is suspected of cashing out, or is overdue.

At this time, the user should proactively contact the card-issuing bank, inform customer service that the card is blocked, ask customer service to inquire about the reason for the card being blocked, and apply to unblock the card at the same time.

If there are no major problems after verification by customer service, the card can be unblocked.

If the user's card is suspected of cashing out, or the user is seriously overdue and fails to repay the card, the blocked status of the card will not be lifted at this time. The relevant problems must be solved first before the blocked card can be lifted.

Main features of credit card:

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range. ;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Main types

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of card issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits.

Are you sure? Why is the credit card blocked?

1. If you submit information through an intermediary, your card will be blocked directly if there is any suspicion.

2. Repeated operations in the same store for several months.

3. Do not make transactions with cents, such as 5000.12, 1W.5 (liquidation is inconvenient)

4. The limit of a card is 10,000, just activate it at the POS Brush it off once on the machine.

5. The same card is used on the same capping machine on a fixed date every month, occupying bank funds.

6. There are transactions beyond normal business hours, such as merchants in the wholesale market having transactions after get off work hours.

7. Use Alipay too much for payment in a short period of time. For example, CITIC’s maximum single transaction is 1,000, and multiple transactions are 998, 995, 899, 999 and other similar numbers.

8. If the credit card limit exceeds 1W, each credit card swipe should be controlled within 60. Do not swipe it all on the same machine on the same day, but swipe it over several days or machines

9. The credit card has been in a state of being empty for a long time. For example, if the repayment date is rounded up in a short period of time and then rounded up, and there is no record of card swiping at other times or less than 2 transactions, the background system can detect it after several months of operation.

10. It can also be detected if you use your own POS machine to swipe your credit card frequently.

11. Integer single transactions, such as 10000, 50000, 100050, 200040, 9998, 9995, 19999.50, 10200, 20400, 10500, 50500, are all suspected of cashing out.

12. The same card has transactions on two or more terminals within 30 minutes, regardless of success or failure, including balance check.

What are the reasons why bank credit cards are frozen?

Many people are suddenly notified by the bank when using their credit cards that the card has been frozen or has become a high-risk card. Logically speaking, normal use of a credit card will not cause it to be frozen, so what reasons will attract the bank's attention? What are the reasons for credit card freezes?

1. If you submit information through an intermediary, your card will be blocked directly if there is any suspicion.

2. Repeated operations at the same POS machine for several months.

3. The limit of a card is 10,000. Just swipe it out at the POS machine as soon as it is activated.

4. The same card is used on the same capping machine on a fixed date every month, occupying bank funds.

5. There are transactions beyond normal business hours, such as merchants in the wholesale market having transactions after get off work hours.

6. Use Alipay too much for payment in a short period of time. For example, CITIC’s maximum single transaction is 1,000, and multiple transactions are 998, 995, 899, 999 and other similar numbers.

7. The credit card has been in a state of being empty for a long time. For example, if the repayment date enters the whole number in a short period of time, the whole number comes out, and there is no record of credit card swiping at other times or less than 2 transactions. If the background system is operated like this for several months, it will be a problem. can be detected.

8. It can also be detected if you use your own POS machine to swipe your credit card frequently.

9. Integer single transactions, such as 10000, 50000, 100050, 200040, 9998, 9995, 19999.50, 10200, 20400, 10500, 50500 are all suspected of cashing out.

10. The same card has transactions on two or more terminals within 30 minutes, regardless of success or failure, including balance check.