Why did my SBI credit card get declined when I have money?
Share
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
If you ever get yourself in a quagmire whereby your card transaction has been declined the first thing that you ought to do is to contact your bank so that you can be informed on why it was declined. Every other problem bar the fraudulent ones can preferably be handled on the telephone. Similarly, do not attempt charging the card multiple times if it has been declined since multiple declines can warrant your bank to frozen the card over fraud. Please ensure that your phone number is correct with the credit card company so that they inform you on the transactions. Here are some common reasons for a declined transaction: Here are some common reasons for a declined transaction:
1. Tech Issues: The new credit card that many people are getting come with a chip that can only be used with a PIN number for the transaction. This can also occur if the businessman has substandard point-of-sale (PoS) machine, if you have forgotten the PIN or new in the use of the card and did not set the PIN yet.
2. Incorrect Information: When you make a wrong entry of the billing address, CVV or 3D secure password while making your purchase online your transaction will be declined.
3. Unusual Currency: If you tend to shop with one type of currency and you attempt to use your card for perhaps, a huge transaction in another sort of currency like purchasing a ticket using dollars while you use rupees, it may be declined. However, it is recommended to inform the credit card company in such purchases in advance.
Hey! If your SBI credit card got declined even though you have money, here’s a quick rundown of what might be going on and how to fix it.
1. Check Your Credit Limit:
First off, make sure you haven’t hit your credit limit. Just because you have money in your account doesn’t mean you’re not maxed out on your card. Double-check your credit limit and available balance to make sure you’re within your limits.
2. Verify the Expiry Date:
Make sure your card hasn’t expired. If it has, you’ll need to get a new one from SBI. Just give them a call or check online for a replacement.
3. Look Out for Suspicious Activity:
SBI might block transactions if they spot something suspicious. If you’re doing something unusual or traveling, let them know beforehand to avoid this.
4. Double-Check Your Info:
Sometimes, a simple typo in your PIN, expiry date, or CVV can cause a decline. Make sure all your details are correct when entering them.
5. Watch for Technical Glitches:
It could be a technical issue with the payment system. If it’s a one-off thing, try again later or use a different payment method.
6. Card Might Be Blocked:
If your card is blocked due to missed payments or other reasons, you’ll need to call SBI to sort it out. They can guide you on how to unblock it.
What to Do Next?
Check Your Credit Limit: Make sure you’re within your credit limit.
Verify Expiry Date: Ensure your card is still valid.
Contact SBI: If you’re not sure why your card was declined, call SBI for details and help.
Update Your Info: Keep your details up-to-date to avoid problems.
Try Again Later: If it’s a technical issue, try again or use another method.
Hope this clears things up!