BENGALURU: ‘Transaction declined’ nine out of ten people must have seen this statement in the ATM. There are many probable reasons why a transaction could be declined—some are known some are unknown. Whatever may be the reason for a failed transaction people are always advised to contact the bank. More often than not, issues as such can be resolved over a phone call, unless it is a fraudulent issue.

However, there could be many reasons for a card decline. Read further to learn more on those reasons—as compiled by Rediff:

The Most Obvious Reason: Credit Limit:

Everyone reading this is definitely well aware of this reason. Exceeding a fixed credit limit is a strict ‘’No’ as per the bank norms. For nothing but security reasons, large amounts cannot be transferred in a day. Any transaction which crosses the credit limit or very close to that limit is bound to declined. To avoid such circumstances, the best one could do is to keep a track of spending and never ever forget the credit limit.

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