Recently, some netizens reported that Ping An has been very strict in risk control recently. For some credit cards with large transactions, formal invoices or transaction receipts are required to lift the restriction.

According to feedback from netizens, credit cards may be downgraded, blocked or restricted after risk control; among them, restricted use is the most uncomfortable, because restricted use is equivalent to blocking the card.

For a long time, Ping An Bank has been favored by cardholders for its fast card application, high credit limit and fast withdrawal speed. But at the same time, Ping An Credit Card’s risk control sensitivity is very high. If your card usage behavior is slightly irregular, you are likely to receive a risk control text message from Ping An Bank, or even be downgraded and blocked.

In response, Ping An Bank has issued multiple announcements prohibiting cash out and strengthening the standardized use of credit cards.

On January 26, 2023, Ping An Bank issued the "Announcement on Further Clarifying the Use of Credit Card Overdrafts", which clearly stipulates that credit card usage limits must not be used in non-consumption areas and must not be cashed out.

On July 10, 2020, Ping An Bank issued the "Announcement on Strengthening the Standardized Use of Credit Cards", which clearly stipulates that cardholders are not allowed to withdraw money from the bank through any illegal or false consumption methods such as cashing out, fraud, malicious billing, etc. Credit funds, points, rights, prizes or value-added services. Cardholders are not allowed to maliciously obtain rights and interests through any fraudulent means or illegal tools; credit card overdrafts should be used in the consumption field and not in non-consumption fields such as the securities market, production and operation, real estate development, investment, etc.

It is worth noting that Ping An Credit Card is the first to offer no points for swiping cards at offline POS machines. Unlike other banks that directly cancel offline POS transaction points.

As long as Ping An believes that the cardholder is suspected of cashing out or has potential repayment risks, it will take a series of measures such as credit card reduction, card blocking, freezing, and limit.

In fact, due to the impact of the epidemic in recent years, the overall economic environment is not good, credit cards are not stable, and the overdue rate is increasing. The current situation of cashing out in the domestic credit card market is very rampant. There are many people who hold more than a dozen credit cards to "use their cards to support their cards." Major state-owned banks and joint-stock banks have launched the strongest risk control management and adopted strict risk control measures for credit card users such as credit card reduction and card blocking.

As early as 2020, the China Banking Regulatory Commission issued recommendations on the reasonable use of credit cards, prohibiting the use of credit cards to support loans. The upgrading of risk control by various banks also started this year.

With the strengthening of risk control and policy regulation, banks have also issued relevant announcements, clearly prohibiting cash withdrawals, and warning cardholders not to engage in illegal activities. Therefore, to make your credit card safer, you must at least pay attention to the following points:

(1) First, do not have overdue behavior;

(2) Basic personal information must be consistent;

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(3) Credit card consumption must be done, the more authentic the better;

(4) Personal credit information must be maintained for a long time.

In short, it is crucial to remember bad credit card usage habits, put an end to unreasonable and uncontrolled consumption behaviors, develop good credit card usage habits, and avoid being downgraded or blocked. Related Q&A: How long does it take for Ping An Bank Card risk control to be lifted? If a user's credit card is risk controlled, Ping An Bank will usually lift the risk control after 24 hours as long as the circumstances are not particularly serious. There are illegal operations such as cashing out and theft, which are quite serious, and it usually takes more than half a year to lift the risk control. If Ping An Bank determines that there are serious violations, the card may be blocked. Once the card is blocked, it cannot be lifted. Therefore, once you receive a text message from Ping An Bank stating that there is an illegal operation, you must use your credit card normally to avoid risk control due to repeated violations.

Extended information: Ping An Bank, whose full name is Ping An Bank Co., Ltd., is a cross-regional joint-stock commercial bank controlled by Ping An Insurance (Group) Co., Ltd. of China. It is one of the 12 national joint-stock commercial banks in mainland China. One of the banks. The registered capital is RMB 5.12335 billion, with total assets of nearly 1.37 trillion yuan. It is headquartered in Shenzhen, Guangdong Province. Ping An Insurance (Group) Co., Ltd. of China (hereinafter referred to as "Ping An") and its holding subsidiaries hold a total of approximately 2.684 billion shares of Ping An Bank, accounting for approximately 52.38%, and are the controlling shareholders of Ping An Bank. It has 34 branches across China and a representative office in Hong Kong.

In January 2012, Shenzhen Development Bank, the predecessor of Ping An Bank, acquired Shenzhen Ping An Bank, a subsidiary of Ping An Insurance Group. After the acquisition was completed, Shenzhen Development Bank changed its name to the new Ping An Bank and established a new Ping An Bank to officially open its business. On June 26, 2019, eight banks including Ping An Bank were among the first batch to launch online corporate information verification systems. In terms of corporate business, Shenzhen Ping An Bank aims to provide high-quality and efficient services to small and medium-sized enterprises, and strives to build a small and medium-sized enterprise financial brand (SME). With professional teams, professional products, professional services, and professional management, Shenzhen Ping An Bank has A number of innovations have been carried out in corporate business areas. Through in-depth market research, we formulate flexible credit policies that meet market needs, continuously simplify business processes, and improve approval efficiency; we expand financial service channels for small and medium-sized enterprises by effectively integrating diversified service platforms such as business outlets, online banking, and telephone banking. , helping Chinese customers solve financing problems, improve the efficiency of fund use, and leverage the resource advantages of Ping An Group of China to provide a package of comprehensive financial services to create maximum value for customers. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date. Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to a credit card only.