The first thing to look at is what caused the credit card to be deactivated.
1. If the credit card is restricted due to the overdue credit card, the overdue amount should be repaid as soon as possible, and after paying off the credit card debt, the cardholder can call the credit card customer service center of the bank to explain that the bank will lift the restriction under normal circumstances, and then the cardholder will repay the loan on time every period, so as not to cause overdue.
2. If the credit card is restricted due to credit card cashing, if it is not subjective cashing out, but cashing out mistakenly by the bank, the cardholder can call the bank's credit card customer service center to explain the situation and apply for the credit card to be lifted.
If it is a virtual transaction through POS machine or online payment, commonly known as cashing out, it may be determined to be a malicious overdraft of the credit card, constituting the crime of credit card fraud and need to bear legal responsibilityThe other is to withdraw the money from the credit card by withdrawing cash, which will incur interest payments, either way, there will be a lot of interest and other fees for reversing the card, and it will also bear great risks.
3. If the credit card is restricted due to credit card fraud, the bank will generally lift the restriction after the fraud is handled.
If your credit card is overdue, you will have the following consequences:
1. Generate high penalty interest and liquidated damages: Once the credit card is overdue, the bank will charge high penalty interest and liquidated damages, and these fees will increase with the increase of overdue time.
2. Affect personal credit history: Credit card overdue will cause personal credit history to be damaged, which will have a negative impact on future loans and credit card applications.
3. Unable to enjoy interest-free period and preferential activities: Credit cards have interest-free periods and various preferential activities, but once they are deactivated after the expiration date, these privileges will also disappear.
4. Harassment by collection: The bank may collect through **, text messages, etc., which will have a certain impact on the life and work of individuals.
5. Facing legal action: If the overdue amount is large or the overdue time is long, the bank may take legal measures to recover, which may lead to the freezing or auction of personal assets.
6. Affect other loan applications: Overdue credit cards may result in other loan applications being rejected because the bank will consider your credit profile to be poor.
To avoid these consequences, it is advisable to pay attention to the following points when using a credit card:
1. Make repayments on time: Make sure to pay off your credit card balance before the repayment date to avoid overdue. If you encounter difficulties in repayment, you can apply to the bank for special services such as installment repayment or deferred repayment.
2. Avoid large overdrafts: Avoid large overdrafts of credit cards to avoid being unable to repay on time.
3. Understand the preferential policies of credit cards: understand the preferential policies such as interest-free period and preferential activities of credit cards to make full use of the advantages of credit cards. Do not lend your credit card to others to avoid unnecessary disputes and financial losses.
Having a credit card overdue can have a negative impact on an individual's credit history and life. Therefore, when using a credit card, you should pay attention to repaying on time, avoiding large overdrafts, and understanding preferential policies to avoid unnecessary troubles.