What impact will it have on my credit report if my credit card is blocked?

Recently, two card friends mentioned the same problem: because they used the card improperly, a certain card was blocked by the bank. I want to know if this will have any impact on my credit report? I Love Card King will briefly talk about this issue as a reference for card friends who have similar situations.

What behaviors will cause a credit card to be blocked?

This card blocking is not included in this explanation because the bank's risk control system is frozen because the credit card is suspected of being stolen. The card can be unfrozen later by applying for it. The following mainly talks about card blocking caused by irregular card usage behavior of cardholders. The most common situations are the following two situations:

1. Permanent blocking of the card holder’s credit card due to suspected risky transactions. For example, if you always make large transactions at wholesale merchants, often make payments on the same day and then withdraw all the money on the same day, etc., this will make the bank think that the cardholder's credit card is used in non-consumption areas, which will bring potential risks to the bank, and the bank will directly block the card. The cardholder will then be required to repay the amount in full.

2. The credit card has been overdue for more than 2 consecutive months and has been blocked by the bank. This kind of card is blocked due to failure to repay the loan on time. If the overdue amount is very small, for example, only a few yuan, the bank may not necessarily block the card. Even if the card is blocked, you can apply for unblocking after paying off the debt. If the overdue amount is high and the bank has not paid back the amount after collection, then the card cannot be unblocked and the card can only be canceled after paying off the outstanding balance.

Many credit cards blocked by banks are mostly caused by these two situations.

Will blocking your card affect your credit report?

Depending on what causes the card to be blocked, there are two situations:

1. If the card is blocked due to overdue, then a bad credit record will be generated. This will definitely have an impact, and the specific impact depends on the overdue duration and the overdue amount. If you are overdue for more than 3 months in a row, you will basically not be able to apply for a credit card within 2 years or 5 years, but this is not absolute. Some people can still apply for a credit card due to special circumstances, but you may never be able to apply for credit from an overdue bank. .

2. If the card is blocked due to risky transactions, it will not produce a bad record in the credit report, and it will naturally not affect the application for credit cards from other banks, but it is likely to be banned for life by this bank. If you are blacklisted, you will not be able to apply for credit cards from that bank in the future. Why are some people always rejected without exception no matter when and what the conditions are when they apply for a credit card from a certain bank? It is very likely that for some reason, it has been blacklisted by the banking system.

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Cardholders must use their cards in a standardized manner, at least not to go too far. Once the card is blocked by the bank, there is basically no good way to solve it.