Why can’t I use my credit card if I have a limit? The inability to swipe credit cards turned out to be due to these reasons

Today's consumption no longer relies solely on cash for payment. Credit cards, WeChat, Alipay, etc. can be used for payment. If you pay by credit card, because the credit card itself has a limit, you can spend in advance. However, sometimes there is a situation where there is obviously a limit on the credit card, but it cannot be used. So, why can’t I use my credit card if I have a limit?

1. Card swiping is restricted

If you clearly have a limit on your credit card but cannot swipe it, then it may be that your card swiping is restricted.

For example, if you set a daily limit for your credit card, then when your consumption for the day has reached the limit, you will not be able to use the card later, even if you still have the limit in the card.

Or if you swipe your card too frequently in a day, this will also be restricted, causing you to have a limit on your card but not be able to swipe it.

2. The card is frozen

If there is something wrong with your card, such as being frozen by the bank, you will not be able to use the card even if you still have a credit limit in the card.

3. Wrong password

For example, when we swipe a card for consumption, we often need a transaction password. If you enter the wrong transaction password, the card will not be able to pay for the transaction, so There will be a situation where the card has a limit but cannot be used.

4. There is a problem with the POS machine

If your card clearly has a limit but you cannot use it, it may be that the merchant's POS machine is malfunctioning, so you cannot use it.

5. Card Damage

If you want to swipe a credit card for transactions, the magnetic stripe on the card is very important. If the magnetic stripe on your credit card is damaged, you will not be able to swipe it. Stuck.

6. There are risks in transactions

If the bank suspects that the transaction you made with your card is risky, the bank will not let you successfully complete the transaction in order to avoid risks. .

Many people use their cards improperly, which causes the bank to suspect that you are cashing out when you make a transaction, so you are unable to make transactions. As a result, you are unable to swipe the card even though you have a limit on your card.

The above is the answer to "Why can't I use my credit card if I have a limit?" If you find that there is a limit on your card but you cannot use it when you use your credit card to make transactions, then you can see if it is due to the above reasons.

Why can’t the credit card be used?

The credit card cannot be used, which may be caused by the following reasons: abnormal credit card status, such as card blocking, risk control, freezing, etc.; credit card settings If the card swiping limit has been exceeded, swiping beyond the limit is not allowed, the merchants for transactions are restricted, and the user can only swipe the card for consumption at designated merchants, the card is damaged and cannot be read normally, etc. Therefore, there are many reasons why the credit card cannot be used. If the user encounters the problem of not being able to use the card, he can directly contact the customer service of the bank that issued the card, and the customer service will help the user solve the problem in time.

1 Credit card is frozen

The bank system will monitor the credit card based on the use of the credit card. If an abnormality is found in the credit card, the system will freeze the credit card to reduce the cardholder's losses.

2 Transactions are risky

When using a credit card to make a purchase, if the bank detects that the transaction is risky, the bank will not allow the credit card to complete the transaction in order to prevent the risk. , causing the credit card to be unable to be swiped for consumption.

3 Transaction Limits

Credit cards have daily transaction limits. If the credit card is swiped too many times that day and the credit card daily limit has been reached, then when the card is swiped again, it will cause Credit card cannot be swiped.

4 Chip damage

When performing a credit card transaction, the credit card relies on the chip on the credit card to complete the transaction. If the chip is accidentally damaged on the credit card, the credit card transaction will not be completed. , you can only continue to use it by changing your credit card.

Personal credit cards can only be used by the cardholder for daily consumption. Credit card overdraft funds (including installment products) can only be used for consumption purposes that comply with legal regulations and cannot be used in the real estate industry (including but not limited to the purchase of houses and parking spaces), production and operations, and stocks. Investments such as bonds, funds, etc. shall not be used to repay loans, credit cards, IOUs, etc., and shall not participate in any illegal financing, lending, gambling, etc. Previously, Minsheng, Ping An, CITIC, Everbright, Agricultural Bank of China and other banks have successively issued announcements clarifying the use of credit card funds, clearly stating that personal credit card overdrafts should be used in the consumption field, and shall not be used in non-consumption fields such as production, operation, investment, etc., including house purchases, Securities investment, financial management, other equity investments and other prohibited fields, etc.

What’s wrong with the credit card that can’t be used? Only by finding the cause can we prescribe the right remedy!

Many cardholders were very excited after getting the credit card, but when they swiped the card, the transaction failed and the card could not be swiped. They wanted to know what was going on. In fact, there are many situations that lead to the inability to use credit cards. The important thing is to find out the reasons so that we can take the right medicine. Let’s take a look at them together.

What’s wrong with the credit card that can’t be used?

There are many reasons why the credit card cannot be used. It may be a problem with the credit card itself, or it may be some external factors. The specific situation is as follows:

1. Card problem:

If your credit card is not activated, or the card status is abnormal, frozen, stopped payment, etc., or the card is worn and degaussed, etc., naturally it cannot be used.

2. Consumer merchants:

Countries have restrictions on credit card-related housing transactions. In addition, there are also restrictive requirements on consumption of building materials, wholesale, etc. If you are restricted or prohibited in these countries Even if you spend money at merchants, you won’t be able to use it.

3. Card organization:

All credit cards have card organizations, such as UnionPay and MasterCard. Different card organizations can only use credit cards with relevant logos. For example, UnionPay cards can only be used at POS machines with the UnionPay logo, and MasterCard cards can only be used at POS machines with the VISA logo.

4. Limit issue:

Each bank sets a single transaction limit for credit cards, or a single-day transaction limit, and a monthly cumulative transaction limit. For example, China Construction Bank's The single transaction limit does not exceed 10,000 yuan. If your single transaction exceeds 10,000 yuan, naturally you cannot swipe the card.

The above is the relevant introduction to "What's wrong if the credit card cannot be used?". The above are the common reasons why the card cannot be swiped. There are other reasons, such as the line is busy or malfunctions when the card swipe machine is in use, or the card swipe machine itself is faulty and cannot complete the transmission of transaction information. The card cannot be swiped. We still have to find the cause and prescribe the right medicine to solve the problem.

What happened when the credit card suddenly became unusable

1. There were many violations (such as cashing out) during the use of the credit card, which triggered the bank's risk control system.

2. Consumption in other places. For out-of-town purchases, the bank system will determine that the cardholder is in an unfamiliar transaction environment and temporarily suspend the cardholder's credit card. You can use it after replying to the text message.

3. The credit card is overdue or other loans in the name of the cardholder are overdue. When a credit card expires, the cardholder's credit card will be frozen. If other loans under the cardholder's name are overdue, the bank's risk control system will be triggered.

4. The credit card limit has been reached. Cardholders can modify the transaction limit through mobile banking and online banking, and they can be used after the modification is completed.

5. Trading equipment failure. Restart the device, reconnect to the network, and then try swiping or swiping the card again.

6. Credit card failure. The credit card is degaussed or the track is damaged or the chip fails. In this case, you need to bring your ID card and credit card to the bank to replace the credit card. If it is not for the above reasons, the cardholder can contact the bank customer service to inquire about the specific reasons why the credit card cannot be used.

According to the "Law of the People's Republic of China on the People's Bank of China", the "Law of the People's Republic of China on Commercial Banks", the "Interim Regulations on Cash Management" and other relevant regulations, the People's Bank of China strictly prohibits cardholders from using credit cards, bank cards, payment New settlement tools such as cards are cashed out illegally.

Content Overview

1. Credit card Credit card is a non-cash transaction payment method and a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.

2. Credit cards are issued by commercial banks to individuals and organizations. They are used to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with a stamp on the front. A card with the name of the issuing bank, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.

3. A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoy an interest-free payment period, and can repay in installments independently (with a minimum repayment amount), join VISA , MASTER and other international credit card organizations so that it can be used globally.

What’s the matter if the credit card cannot be used to withdraw money?

Why can’t I withdraw money from my credit card?

If you have money on your credit card but cannot withdraw it, it may be due to the following reasons:

1. The card is damaged or demagnetized;

2. The POS machine is malfunctioning or the signal in the merchant's environment is poor;

3. The credit card is subject to risk control and the limit is frozen, resulting in the card being temporarily unusable;

4. System Risks were detected in the transaction, so the transaction was restricted

5. The available credit limit of the card is lower than the transaction amount or the transaction amount exceeds the set consumption limit;

6. The card has expired. Can no longer be used.

If it is the first and last reason, it is recommended that the customer contact the bank to change the card. If it is the second reason, you can only change POS machines or change merchants.

If it is the third or fourth reason, it is recommended that the customer directly use another payment method to pay. Among them, if the card is frozen, the customer should pay attention to inquire about the reason for the freeze, and then solve the problem, such as overdue payment. If so, then you should pay off the debt as soon as possible and then take good care of your credit.

For the fifth reason, it is also recommended that customers use other payment accounts to pay for transactions. If the limit is exceeded, if the customer sets it himself, the customer can log in to online banking to adjust the limit. It is stipulated by the bank, so there is no manual intervention. For example, if the single-day consumption limit is exceeded, the customer can only use it the next day.

This ends the introduction on why credit cards cannot be swiped and why credit cards cannot be swiped. Have you found the information you need?