Is it illegal to directly reduce credit cards without notice?

It's not illegal. In the credit card collection agreement, the bank will indicate that if the cardholder's credit changes, the bank can reduce the credit limit or stop the card. There is no bank default, which was explained when applying for a credit card.

There are several reasons for the decline in credit cards:

1, overdue. If the credit card is often overdue, it is easy to be reduced by the bank; When the credit card is overdue for more than three periods, or the overdue amount reaches a certain amount, the bank will think that the cardholder has malicious overdraft consumption behavior, and it is risky to continue to provide revolving credit, and will unilaterally stop using the credit card and the amount will be reduced to zero.

2. Cash out in violation of regulations. The risk of illegal cash withdrawal or card raising will make the issuing bank either reduce the credit limit of the cardholder or suspend the use of the cardholder's credit card according to the cardholder's specific situation.

3. Abnormal credit card swiping or risky trading. This kind of situation will also generally appear in "cash out". If there are a large number of credit card transactions in a certain period of time and the types are particularly concentrated, it is easy for banks to suspect that they are cashing out, or banks think that credit cards have risky transactions, and they will reduce the quota or freeze them.

4. Theft risk. When credit cards are considered to be at risk of being stolen, for example, domestic credit cards that have been used for a long time suddenly find foreign transactions, banks will take the initiative to call customers to confirm whether it is my operation. In order to avoid risks, banks may take the initiative to reduce the credit card limit, or apply for reducing the credit card limit through cardholders to prevent the credit card from being stolen, or even stop the card for security reasons.

5, the number of swipes is small. If the credit card has not been used for more than 5 months, it is easy to be downgraded by the bank. Credit cards that have not been used for a long time have serious security problems. For this kind of sleep card, lowering the quota is also beneficial. Once there is a stolen brush, the loss will not be so serious.

6. Do not use it for a long time after activation. If the credit card is not used for a long time, it is equivalent to a dormant card, and it may also be reduced. Because users apply for credit cards, even if there is no overdraft, the credit line will occupy capital and reduce the bank's capital adequacy ratio. If the cardholder does not use the credit card for a long time, the bank will think that you have no need to use the card and will lower the limit for you. The credit card limit is lowered, and the bank aims to reduce the capital occupation.

legal ground

Criminal law of the people's Republic of China

Article 196 Whoever commits credit card fraud under any of the following circumstances, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;

(2) Using an invalid credit card;

(3) Fraudulent use of another person's credit card;

(4) malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.

Whoever steals a credit card and uses it shall be convicted and punished in accordance with the provisions of Article 264 of this Law.