Why do credit cards automatically deduct money?

Why does my China Merchants Bank credit card deduct money by itself?

There may be the following reasons: 1, late payment fee, interest plus principal on the last unpaid amount. 2. Pay repeatedly and negotiate with the bank with the statement. 3. Annual fee for insufficient credit card within the specified period. 4. Customize other automatic repayment services.

What is the automatic debit of China Merchants Bank's credit card?

Users subscribe to related services, and the system will automatically deduct money on the day of deduction; The user's previous arrears were not paid off, and China Merchants Bank subsequently initiated the deduction of credit cards; Or the user's credit card charges an annual fee, then the credit card limit will be automatically deducted. Therefore, for users, there must be some factual basis before the automatic deduction of China Merchants Credit Card.

After being deducted, you can know the amount and reason of deduction according to the bill details, which is convenient for users to cancel unnecessary automatic deduction.

Credit card debit? Minsheng and China Merchants Bank credit cards will not deduct money at will, but you can check the bill details. If you find that it is not your own transaction in the bill details, you can call credit card customer service if you have any questions.

If the bank fails to return the cardholder's money in time after deducting the fee without authorization, or the cardholder is very dissatisfied with the bank's handling result, he can report the problem to the CBRC and other departments. Consumers who open paid services without their permission or are maliciously induced by the bank should complain in time and ask the bank to refund the deducted fees. In addition, if the cardholder has other losses, he can ask the bank for compensation.

Farewell to bad credit card deduction methods:

1. The annual fee of a credit card will be automatically cancelled when it reaches the number of swipes specified by the bank: the annual fee is an inevitable fee charged by a credit card, and the amount of the annual fee varies greatly, from at least ten yuan to several thousand at most. The attitude towards the annual fee will be offset by the bank in the form of encouraging consumption.

2. Repayment on time will naturally not generate interest: it is best for personal credit cards to be bound to automatic repayment accounts, so don't worry about overdue repayment. After binding the account, you must ensure that the funds in the account are sufficient, otherwise there will still be cases where the principal and interest will not be repaid in time.

3. Pay the minimum repayment amount and stay away from the late payment fee: when the bank collects the credit card arrears, it will set a minimum repayment amount, which is also to reduce the repayment pressure of cardholders. The minimum repayment amount must be kept, otherwise it will not only charge late fees, but also implicate personal credit records.

4. Never withdraw cash easily: Credit card withdrawal not only charges a one-time handling fee, but also charges interest at a daily rate of 0.5 ‰ from the date of withdrawal to the date of repayment. If the bank thinks it is a malicious cash withdrawal, it will cancel the credit card and will not be allowed to apply for a card in the future. Therefore, it is recommended not to withdraw the handling fee.

Why is the credit card deducted for no reason?

The credit card is inexplicably deducted, so we need to pay attention to these two aspects: whether the credit card is deducted from the annual credit card fee/business card printing fee or whether the credit card is stolen by others. In case of unknown deduction, you'd better call the service hotline of the issuing bank and ask the manual customer service to confirm what kind of fee is deducted, so as not to cause your own losses.

Credit loan line

Credit limit refers to the maximum overdraft limit given to your credit card by the bank when approving your credit card. You can only use your credit card within this limit. If you exceed this limit, you can't use your credit card. The credit limit is approved by comprehensive evaluation based on the information filled in when you apply for a credit card and the relevant supporting documents provided. The main card and the supplementary card enjoy the same credit limit. Under normal circumstances, the RMB limit and the US dollar limit of dual-currency credit cards are interchangeable. For example, your limit is 30,000 RMB. If you use a card abroad, your credit limit is equivalent to about 5,000 US dollars.

The bank will adjust the credit limit regularly, but you can provide relevant financial proof on your own initiative and request to adjust the credit limit. In addition, when you need to get a higher credit line in a certain period of time when traveling abroad or moving, you can ask for a higher temporary credit line.

What is the "second line"

The second line, which can only be used in stages, is an external line that does not occupy your original line. As far as I know in Aika, China Everbright Bank and China Bank also support the phased use of the second line.

Market day

The date when the cardholder actually uses the card to conduct transactions.

Billing date

Also known as the entry date, it refers to the date when the issuing bank records the transaction amount in its credit card account or the date when the issuing bank records the relevant expenses in its credit card account according to the relevant agreement. The general billing date is the second day of the cardholder's actual consumption date. For example, if you shop on 65438+February 1, then the general accounting date is 65438+February 2.

Bookkeeping date

The billing date refers to the date when the issuing bank regularly summarizes the current transactions and expenses of the cardholder's credit card account, calculates the interest and calculates the amount payable by the cardholder in the current period.

Repayment date

The date when the cardholder actually repays the credit card account to the bank.

Interest-free repayment period

For non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. The shortest interest-free repayment period is 20 days and the longest is 56 days. During this period, as long as you pay off the current payable amount on the current statement, you don't have to pay any interest on non-cash transactions (you don't enjoy interest-free discount if you borrow cash in advance).

Why is the credit card deducted for no reason?

Credit cards generally don't deduct money for no reason. After all, it's all from the bank. If the customer's credit card is deducted by the issuing bank, and the customer does not know the cost, he can call the customer service staff of the issuing bank. It is possible to deduct the annual fee, and customers should pay attention to repayment on time afterwards.

If it's not an annual fee, let's see if it's deducted after some business. Or did the credit card fail to pay off the bill on time after the cash withdrawal, resulting in interest, and the bank automatically deducted money from the card because the credit card signed an automatic debit agreement.

The customer had better check whether the card has been stolen by others. If there is a credit card risk, you must quickly lock the account, contact the bank for handling, and check the recent transaction details to see which merchant swiped the card. And if the bank only deducts money repeatedly or wrongly, the bank will return the wrong money after the customer reflects the problem.

What is a credit card?

Creditcard (English: credit card), also known as credit card. It is a non-cash transaction payment method and a simple credit service.

Credit card is generally a special carrier plastic card with consumer credit, which is 85.60mm long, 53.98mm wide and 1mm thick. It is issued by banks to individuals and units, so that they can shop, spend and deposit and withdraw cash from banks. The form is a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature on the back.

Credit cards are issued to cardholders by banks or credit card companies according to the credit and financial resources of users. Cardholders don't need to pay cash when using credit cards, they will make repayment on the bill date.

2065438+On April 5, 2006, the central bank issued the Notice of the People's Bank of China on matters related to credit card business, canceling the late payment fee for credit cards, introducing liquidated damages, and prohibiting the collection of over-limit fees. The new regulations came into effect on April 20, 2007.

Debit card is an ordinary savings card, and its account attribute is current deposit account, which can be used for consumption, atm deposit and withdrawal, etc. Credit cards can be used for spending, atm deposits and withdrawals, etc. The biggest advantage is that you can overdraw (with a certain credit limit).

Generally speaking, bank cards are divided into credit cards and debit cards.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.

Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. Special card is a special-purpose debit card used in a specific area (except for department stores, restaurants and entertainment industries). It has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.

How to deduct money from the credit card every month? It will be clear after reading it.

Under normal circumstances, credit cards will be deducted only after they are activated, but many people have never used their cards, or used them but paid back the money, but credit cards will still be deducted every month, so I want to know why? Then, how much is the monthly deduction from the credit card? Let me analyze it for you today.

How to deduct money from the credit card every month?

As we all know, credit cards will not be charged at will. If you deduct money every month, it is very likely that the cardholder has opened some value-added services, and the selected deduction method is monthly deduction. The most common is the SMS service fee. There will be no SMS reminder for consumption below 500 yuan in every bank, and only those who have opened SMS notification service will have a pen reminder.

The cost of this service is not high, 3 yuan per month, including quarterly payment and monthly deduction. If the payment is made on a monthly basis, the automatic deduction will be included in the current bill, so there will be cases where money will be deducted without using the card. As long as the credit card is deducted, it must be returned, regardless of the amount, to avoid overdue credit.

However, if you really don't know why the fee has been deducted, it is recommended to call the bank's customer service for consultation. If you don't think this service is needed, you can also cancel it by the way, so that it will not be deducted again next month. If it is found that the bank deducts money privately, the attitude is tough and the bank is allowed to return it. It is said that the card withdrawal threat will be more effective.

In a word, it's best to check the reason of credit card deduction every month. If you start your own business, you must pay back the money after deducting it, even if you only owe a few dollars. Although some banks have tolerance service, it is not overdue if it does not exceed 10 yuan, and interest will be calculated.

This is the end of the introduction about why credit cards are automatically debited and why they are not paid in time after automatic debiting. I wonder if you have found the information you need?