The so-called credit card suspension means that when the credit card holder fails to pay off the loan principal and interest on time and in full for some reason after the credit card bill expires, the bank temporarily stops calculating the interest on the outstanding amount. However, the principal bill and interest generated by the credit card are still the debts that the cardholder needs to repay. Under normal circumstances, you need to apply to the bank for credit card suspension. What are the conditions for credit card suspension? Let's get to know each other.

Credit card suspension condition

It should be noted that not all users can apply for credit card suspension and deduction. For users who apply for downtime deduction, the bank needs to review it, and only after it is approved by the bank can the downtime deduction procedures be handled.

1 First of all, cardholders must have a good sense of initiative in repayment. If the cardholder can't repay on time, he should take the initiative to contact the bank to negotiate credit card repayment.

Secondly, it is only a matter of time before the cardholder proposes a personal repayment plan to the bank or proves his repayment ability to the bank.

Finally, be sure to explain the reasons for applying for suspension of payment or temporary inability to repay.

Only when the above three conditions are met can the bank cancel the account through the cardholder.

The above is the introduction of the application conditions for credit card suspension, hoping to be helpful.