Credit cards can advance your own money. Many cardholders have encountered credit card payment stop. What does credit card stop payment mean? Why does credit card payment stop occur?

Credit Card Stop payment is a preventive measure taken by the bank in order to strengthen management, ensure the safety of cardholders, and avoid losses caused by counterfeit cards and lost cards being used by others, and adverse effects such as overdue cards.

At the same time, it is also an important step to stop payment of the main credit card or supplementary card at the request of the cardholder to reduce the cardholder's losses and risks.

Usually, there are four categories of credit card stop payment: cardholder's initiative to stop payment, card-issuing bank's payment stop, head office's payment stop and cardholder's initiative to cancel.

A simple understanding is that credit card payment stop is either requested by the cardholder or the bank stops payment.

Why stop payment occurs

A credit card stop payment is applied by the cardholder himself. This situation usually occurs when the cardholder discovers that his or her credit card has been lost or stolen. Stopping payment on a credit card at the counter of the card-issuing bank is somewhat similar to reporting a loss. Others can no longer use the cardholder's credit card.

The other is a stop payment by the bank, such as overdue repayment, false card application, fraudulent use or some potential risks. The bank monitors your card usage in real time. If this category occurs In case of abnormal or illegal behavior, the bank has the right to stop credit card payments.

Warm reminder: It is possible to stop payment when cashing out. It was the bank that discovered the abnormal use of the card and protected itself from losses.