How to Avoid Having your Credit Card Declined
It is possible that your credit card purchase request can be declined when you are out shopping. This is due to a number of reasons. As much as you shall attend to those transactions through other options, it is good to know what led to the declination. Here are the things that could cause it.
You could be out of credit. This is one of the main reasons. Whenever your current transaction is bound to cross your credit limit, the card shall automatically get declined. There is also the fact that you may have stopped making the expected monthly payments. A credit card will remain active as long as you make the necessary payments. There is a minimum amount expected each month under which the card is automatically declined.
The account may have also been flagged. This is done so that you are aware you need to contact them for further details. It is mostly done to stop fraudulent activities on your account. You may have performed some strange activities enough for them to be suspicious. A classic case is when the card is used in a location or a store you are not known for visiting. Flagging your account is to keep you safe, in case hackers have taken over your profile. They may also close the account. Card issuers shall keep the right to do so, with no warning or reason for their actions. This happens mostly on inactive accounts. You shall discover more about it when you read more on credit card processing.
You may also be handling an expired card. You should make a point of checking if the card is expired when you are told it is declined. You can then collect the new card to keep enjoying this service. At the same time, your card may be on hold. When you check into a hotel or rent a car with the card, it shall remain on hold. You will be back to using it once you complete your stay, or take back the car.
When you notice the card is declined, there are certain things you can do thereafter. You can use another card to pay and worry about the embarrassment later. You need to contact the issuer to get to the bottom of the issue. These cards normally have a customer service number you can use. By knowing which of these reasons led to the decline, you can address it accordingly. By being more careful going forth, you will not be caught off-guard. A bit of financial discipline is a good place to start. This site shall allow you to learn more about how to manage dents and other financial scenarios.