Common Reasons for Declined Payments:
1. Incorrect Information:
- Issue: Incorrect password, PIN, OTP, CVV, card number, or expiry date can cause a transaction to be declined.
- Tip: Double-check your details before finalizing the transaction. Store your card details securely if you often forget them.
2. Exceeding the Card Limit or Using an Expired Card:
- Issue: Transactions exceeding your credit limit or using an expired card will be declined.
- Tip: Keep an eye on your credit limit and card expiration date. Request a replacement card before your current one expires.
3. Suspicious Activity or Technical Glitches:
- Issue: Unusual transactions or technical issues in the bank’s server or payment gateway can cause declines.
- Tip: If you’re traveling or making high-value transactions, inform your bank in advance. Ensure stable internet connectivity for online transactions.
4. Blocked Card:
- Issue: Your card may be blocked due to security concerns, fraud alerts, or multiple incorrect PIN entries.
- Tip: Contact your bank to unblock your card or reset your password if needed.
How to Avoid Declined Payments:
1. Monitor Your Credit Limit and Usage:
- Regularly check your balance and credit limit. Use bank alerts or apps to keep track of your spending.
2. Be Aware of Expiry Dates:
- Know when your card is expiring and request a new one well in advance. Follow up if you haven’t received your replacement card.
3. Notify Your Bank When Traveling:
- Inform your bank if you’re traveling abroad to avoid your card being flagged for suspicious activity. Set travel notifications via your bank’s app or customer service.
4. Pay Your Bills on Time:
- Ensure timely payments to keep your card active and maintain a good credit score. Set up auto-debit instructions and review statements for unauthorized transactions.
5. Ensure Network Connectivity:
- For online or POS transactions, make sure you have a stable internet connection or that the terminal is working properly.