Credit Cards

Credit Card Codes For Declined Cards

Credit Card Codes For Declined Cards

Credit card declined? Don't panic. Credit cards can be declined for a variety of reasons ranging from a simple mis-typing of your card information to more complex issues such as fraud prevention. In this article, we'll take an in-depth look at the different credit card codes for declined cards, so you can figure out what went wrong and take appropriate steps to resolve the issue. By understanding these codes, you'll be better prepared to navigate the world of personal finance and prevent future declines. So, let's dive in!

Credit Card Codes For Declined Cards Table of Contents

Understanding Credit Card Decline Codes

Understanding Credit Card Decline Codes

In order to understand why your credit card was declined, you should first acquaint yourself with the various decline codes. These codes are generated by the card issuer or the payment processor when a transaction is denied. The decline codes can provide useful information on why the transaction was not approved and indicate what actions you should take to resolve the problem.

Common Credit Card Decline Codes and Their Meanings

  • 01, 02 – Call Issuer / Call Bank: This code indicates that the card issuer or bank needs you to contact them directly to approve a transaction. This typically arises when the bank detects unusual or suspicious activity on your account.
  • 04 – Pick Up Card: This code occurs when the bank suspects that your card has been stolen or lost, and they have put a hold on it for security purposes. The bank will request that the merchant keep the card if it is present, and you'll need to contact your bank to resolve the issue.
  • 05 – Do Not Honor: This decline code is the most generic and simply indicates that the bank has chosen not to approve the transaction. The reasons can vary widely. You may need to contact your bank for more information.
  • 14 – Invalid Credit Card Number: The card number entered is incorrect or not valid. Double-check the card number and try the transaction again.
  • 41 – Lost Card / Pick Up Card: This code is similar to code 04 and indicates that the card has been reported lost. Contact your bank for further assistance.
  • 51 – Insufficient Funds: There are not enough funds available in the account to complete the transaction. Review your account balance, and consider transferring funds from another account or making a deposit to clear the transaction.
  • 54 – Expired Card: This decline code occurs when the card's expiration date has passed. If you have a new card, double-check the date and try again. If your card is indeed expired, contact your bank, or simply use an alternative payment method.
  • 62 – Restricted Card: This code indicates that the card issuer has placed restrictions on the card, limiting its use for certain transactions. Contact your bank for more information and to resolve the issue.
  • 65 – Exceeds Withdrawal / Frequency Limit: This code signifies that you have exceeded the allowed number of transactions or the transaction amount for a given period. Review your transactions, wait for the next period, or contact your bank for more information.
  • 93 – Transaction Cannot be Completed: This decline code signals that the transaction cannot be completed for various reasons other than those listed previously. Contact your bank for further information and assistance.

Credit Card Codes For Declined Cards Example:

Imagine using your credit card at a restaurant, and the server comes back saying that it's been declined with a code "05 – Do Not Honor." You're confused because you know you have sufficient funds in your account. In this case, you should contact your card issuer or bank to get more information about why the transaction was denied. It could be due to a temporary hold on your account for security reasons, or perhaps a system malfunction. By understanding the decline code and contacting your bank, you can quickly resolve the issue and enjoy a seamless dining experience.

Now that you're familiar with the different credit card codes for declined cards, you can handle declines with ease and confidence. Remember, the key is to approach the issue with a calm and level-headed attitude, while proactively taking the necessary steps to resolve it. If you find this guide helpful, feel free to share it with friends and family who might benefit from it. And don't forget to explore other informative articles on Flik Eco for more personal finance and investing tips that can help you achieve financial success!


About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

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