1. The storm is coming: banks are cracking down on single POS machine credit cards
It is understood that with the landing of Document 259, the original multi-family POS machine has been changed to a fixed merchant in the regional name industry. This means that the cardholder's behavior of using this type of POS machine to swipe the card will be directly displayed on the credit card statement. However, the banking system can easily identify and determine this abnormal card use behavior, which can lead to credit card reduction or even card blocking.
At present, many banks such as ICBC and CITIC have experienced credit card reductions due to abnormal card swiping on POS machines. Some cardholders said that their credit cards were reduced by more than 30%. This undoubtedly sounded the alarm for the majority of cardholders: a single POS machine card swipe is no longer feasible!
2. Why do banks crack down on single POS machine swiping cards?
There are two main reasons for banks to strengthen credit card risk control: first, the overdue amount of credit cards remains high, and the credit card business is under pressure; Second, the relevant departments continue to strengthen the crackdown on money laundering, cash-out and other credit card violations and violations. After the compliance of the payment industry is upgraded, payment institutions can no longer manipulate the name of "merchant". Therefore, banks can only reduce their risk by cracking down on single POS machine swipes.
3. How to avoid credit card risk control?
In the face of the situation that banks are cracking down on single POS machine swiping cards, how should cardholders respond? Here are a few tips that might help you:
Enrich your billing: Under the limit of up to 15 POS machines, try to increase some real consumption, such as consumption in catering, entertainment and other scenarios, to enrich the bill.
Small-amount high-frequency cards: Avoid large-amount arbitrage behavior, and try to maintain the habit of using cards with small amounts and high frequency. This can not only meet the needs of daily consumption, but also reduce the risk of being controlled.
Avoid overdue and cash-outs: Making timely payments is key to maintaining a good credit history. At the same time, avoid irregularities such as using overpayment to cash out.
Moderate staging: Moderate instalments can increase the bank's income and also help increase the credit card limit. Of course, installments should also be reasonably arranged according to one's ability to repay.
IV. Conclusion
Banks have strengthened credit card risk control to reduce risks and protect the interests of cardholders. As cardholders, we should actively cooperate with the bank's risk control measures and regulate our own card use behavior. At the same time, you should also learn to avoid risks reasonably and protect your credit history. Finally, I call on everyone to cherish their credit card resources, use cards rationally and standardize the use of cards!
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