Credit cardholders have become accustomed to using their cards at the point of sale and not having any problems. But there are times when a credit card transaction goes through, but it’s denied later on by the issuer.
In this article, we’ll loo at common reasons why your credit card might be declined and how to deal with them.
Decline Message: “Insufficient Funds”
If you’ve received this message, it’s likely because there isn’t enough money in your account to cover the transaction. This can be due to several reasons, including:
- A recent large purchase
- An automatic payment that is scheduled to come out of your account
- A large purchase was made on a different card than the one that initiated this transaction
Decline Message: “Do Not Honor”
When a merchant receives your credit card number, they may use the Do Not Honor message to inform you that they do not accept your card. This is usually seen with foreign or online merchants when shopping online or using your foreign bank-issued card on a U.S.-based website.
This is different from a declined credit card message because the merchant doesn’t support your specific type of card (whether due to a lack of funds in the account or a security issue).
Decline Message: “Invalid Transaction”
If you get a “decline message” that reads “invalid transaction,” it means that the transaction was not authorized, approved, or cleared.
In other words, your credit card company declines one of your transactions because the business has not processed your payment correctly. The information on your receipt must match exactly with their records for them to process the payment. If this doesn’t happen, they cannot know where or how much money came from and where or how much money went.to know more click Ibomma
Decline Message: “Invalid Account Number”
- Check the spelling of your credit card number.
- Double-check that you have the right number of digits and letters.
- It’s also possible that your credit card has an expiration date that’s too far in the future.
- If none are true, then it might be a good idea to contact your bank or call [the company] to make sure they haven’t canceled your account without notifying you first (this happens more often than you’d think).
Decline Message: “Restricted Card”
If you see this message, it means that the bank has blocked your credit card. There are several reasons why this may have happened. The most common is that your card number was compromised and used fraudulently. If you’re seeing this message, it’s likely that the merchant or financial institution that processed your payment has already notified your bank about suspicious activity on your account.
Knowing what a credit card decline message means can help you take action more quickly. For example, having a credit card declined at the gas station could indicate fraud on your account and warrant immediate action. Also, if your transaction was declined at the grocery store because it was over your available balance, that might mean something else is wrong with your plan or just needs a little tweak.
When it comes to credit cards, you must know about everything it entails. For instance, you might have a negative credit card balance. If this happens, you might wonder, “What does a negative credit card balance mean?” According to the experts at SoFi, “A negative credit card balance is when the credit card issuer owes the cardholder money instead of the cardholder owing money to the credit company.” Decline messages are also another aspect of using credit cards. We hope this article will help you understand what they are and how you can deal with them.