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why does my credit card keep getting declined

When President Obama mentioned that he d recently at a New York City restaurant, the news was kind of funny. The leader of the free world getting his card rejected? But all joking aside, it can happen to anybody, for any number of reasons. I guess I don t use it enough, so they thought there was some fraud going on, the President said. That s actually a pretty common reason issuers will freeze a card, experts say. Here are some other unexpected reasons your card could be declined. Here are some others they say you should watch out for, so you re not stuck standing at a payment terminal trying to explain, like Obama, that no, you really
do pay your bills on time. You hit the road. [If] you make purchases the same day in distant locations you buy breakfast in Toledo and then you re shopping in New York that evening your card issuer may not know you re traveling and could decline the purchase, says Gerri Detweiler, director of consumer education for Credit. com.

You re paying a foreign company. If you re traveling overseas, especially in a country where card fraud is more prevalent, or if you re making a payment to a business based overseas, that could get your card flagged, experts say. Your limit was cut. If you got a limit decrease on a credit card that you forgot about, or if you missed the notification, you could be denied if a purchase would push you over that new limit, says Odysseas Papadimitriou, founder and CEO of. On a related note, if your card has expired and you re not using the new one, you could be declined. Your funds are tied up in a hold. Businesses including gas stations, hotels and rental car companies often put a hold for a certain amount which can be hundreds of dollars onto your card when you initiate a purchase, warns Edgar Dworksky, founder of.

If you are near your limit before this, these temporary charges could put you at your limit, and subsequent purchases elsewhere will be denied, he says. You re spending big. A large purchase like electronics, appliances or an expensive vacation all could trigger a decline if it s outside your normal spending pattern, Detweiler says. Likewise, if you re spending big bucks on luxury goods popular with credit card crooks like jewelry or electronics, your issuer might suspect fraud. If you've had a debit or check card payment declined and you have enough money in your account to cover the payment, there are four conditions that can prevent your payment from going through: The payment amount exceeds your daily spending limit. The payment is larger than the maximum transaction allowed for your account.

Your debit card has been locked by your issuing institution. This often happens when you enter an incorrect PIN at an ATM more than a few times. The charge is larger than what you usually would put on your card. The solution to any of the above problems is to contact your payment card's issuing institution and ask them to adjust your daily spending limit, maximum transaction size or to unlock your card. Most payment card issuers can make these changes and have them take effect immediately allowing you to complete your payment. If your issuing institution will not lower your maximum transaction or daily spending limit, consider making a series of smaller payments that are under your limit including the VPS convenience fee. Virtual Payment Systems is an online payment processing service. We help businesses accept credit card, debit card and ACH payments.

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