How to spend large amounts with a credit card? Just pay attention to these tips!
I believe many friends who hold credit cards know that when using credit cards in life, you need to pay attention to certain methods and techniques, especially when it comes to the credit limit. If you are not careful, it is easy to have your card reduced or blocked by the bank's risk control. How can I make a large credit card payment count as a cash withdrawal? Just pay attention to these tips!
How to spend large amounts with a credit card?
1. Select merchants
The bank’s risk control system is also quite particular. If the cardholder spends several dollars at a time in a store such as a supermarket or Juewei Yabo, Ten thousand yuan, this is obviously against common sense, so the bank will doubt whether the cardholder is withdrawing cash. If the cardholder spends tens of thousands of yuan at one time in jewelry stores, KTVs, etc., then it is a reasonable consumption.
2. Credit card swiping time
When swiping a credit card, the usage time also needs to be paid attention to. According to bank staff, Monday to Friday are working days, and most people do not spend too much money during this period, especially before 9 a.m., when few people spend money. During holidays, people's consumption will increase greatly.
In addition to paying attention to these times, everyone should also pay attention to the business hours of merchants. Suppose A spends 3,000 yuan by swiping his card at a beauty store at 1 a.m., the bill is not that reasonable. After all, beauty stores generally do not open until early morning.
3. Credit card limit
Although everyone’s credit card limit does have that number, it does not mean that the cardholder can use up the entire credit limit when swiping the card. No matter which bank it is, it doesn't like the cardholder to empty the credit limit in the card at once. It is recommended that you reserve about 20% of your credit limit when swiping your card.
The above is the sharing of relevant content on "How to spend large amounts on credit cards", I hope it can help everyone!
How much credit card swiping is considered a large amount
How much credit card swiping is considered a large amount is generally based on the credit limit of the credit card. For example, the credit card limit is 5,000 yuan. At this time, a single swipe of the card is considered a large amount. If the credit limit is 4,000 yuan, it is considered a large credit limit; if the credit card limit is 20,000 yuan, then swiping 4,000 yuan is not considered a large credit limit. Generally, as long as a single credit card swipe does not exceed 60% of the credit limit, it is not considered a large credit limit.
Users should try to avoid large amounts of credit card payments when swiping their credit cards. This kind of single-payment credit card swiping is likely to be regarded as cashing out by the bank. If the bank determines that you have cashed out, your credit card limit will most likely be reduced or your card will be blocked. Once a credit card is blocked, you can no longer use it, and you must repay it promptly after being blocked.
When using a credit card to make purchases, try to be diversified and have a moderate limit. This consumption method can increase the fixed limit of the credit card. Generally, a newly applied credit card can only be applied for an increase in the fixed limit if it has been used for more than 6 months. However, if you use 3 You can apply to use the temporary quota if you have more than 1 month. The temporary quota has a certain period of use and will automatically restore to the original quota after expiration.
After using a credit card, you must repay it on time on the repayment date. If you cannot repay it on time on the repayment date, you can use installment repayment or the minimum repayment amount. When using these two repayment methods A certain fee is required. When using installment repayment, the choice is generally based on personal income. When funds are sufficient later, you can repay in advance.
What will happen if a person uses a credit card to cash out 2 million before his death?
In fact, it is very rare for a credit card holder to deceive the bank before his death. This is for one reason: which cardholder can predict his own death? If it was a traffic accident death, it would be impossible to foresee it and we would not do this. If the person dies due to illness due to old age, in fact, the bank will take back the credit card after the cardholder reaches a certain age and will not issue credit cards to the elderly. When have you ever seen elderly people over 70 or 80 years old still able to use their own credit cards?
Then there is only one situation left, that is, I am still young, but I am seriously ill and may die at any time. If you really want to cure a disease or have other thoughts, you may use your credit card to cash out wildly or overdraft a large amount of money before you die.
So what will the bank do in this situation?
In fact, it is impossible for credit card holders to exceed their credit limit even if they are crazy about cashing out. Generally speaking, the credit card limit for ordinary people will not exceed 200,000. Then banks will have two principles to solve the cardholder's debt problem. One principle is that if you can find a way, then try to recover all the principal with interest. One principle is to evaluate whether the time and labor costs that need to be invested in recovering the arrears are cost-effective versus the possibility of recovering the principal and interest of the arrears? Banks are also profit-oriented enterprises, so they always have to calculate economic accounts, and banks are undoubtedly the type of enterprises that are best at calculating economic accounts.
In this case, we can basically know that the bank may take the following methods.
1. If the amount of credit card overdraft debt is not large after the death of the customer, basically the bank will waive the debt after understanding the situation and obtaining the cardholder's death certificate. , that is to say, there will be no further collections, and no further requests will be made. This is what we call debts extinguished after death.
2. If the amount of credit card overdraft debt is relatively large after the death of the customer, the bank will negotiate with the family and strive to negotiate a suitable amount to settle the debt. If agreement cannot be reached, the bank will consider it in the following order.
3. The client’s family still has certain assets, which means that the family members of the deceased may receive inheritance. At this time, the bank will file a legal lawsuit to require the family to repay the debt. Then the family members, as the heirs of the estate, are indeed responsible for repayment. Of course, the amount of repayment is limited to the amount of inheritance, and the amount in excess does not need to be repaid.
4. If the customer has no assets at home, for example, the cardholder dies from a serious illness, and all the assets at home are in debt for medical treatment, the bank will actually pursue legal action because such a large amount is exempted internally. , in fact, the process is very difficult to get through, but we will reach an agreement with the family during the court mediation and settle this large debt with an amount that is mutually agreed upon by both parties.
In fact, even if the bank discovers that the customer's overdraft amount was obtained through cashing out, because the cardholder has passed away, the bank will not pursue it further, and the economic effect of collecting money will be achieved. That's it. Everyone should remember that in China, death is a big deal, so most of the time the situation is about the same. If the two sides can get along, they can settle it through negotiation.
Is there any impact of using a large credit card amount?
The impact of using a large credit card amount:
1. It is easy to be targeted by the bank’s risk control personnel. The banking industry is aware of the financial crisis of cardholders who are unable to repay and whose borrowing risks are too high. Maybe in the blink of an eye, downgrading or even blocking the credit card will become a problem.
2. In addition, if you frequently use credit cards to spend lavishly, once your funds are broken, it is easy for large-scale overdue payments to occur.
Credit Card Large Amount Standard: What is the amount of credit card swiping amount that counts as a large consumption? The definition of a single consumption amount refers to a large amount of credit card consumption. Under normal circumstances, a one-time payment of more than 75% of the credit card amount is counted as a large amount of credit card consumption.
For example, Xiao K has a credit card with a limit of 30,000 yuan, and he swiped it 23,000 times at one time, which is considered a large consumption bill.
The limit of a regular credit card is generally between 1,000 yuan and 10,000 yuan; the limit of a gold card is generally between 10,000 yuan and 50,000 yuan; the limit of a platinum card depends on the different upper limits of the bank. It will also be different, generally starting from 50,000 yuan; black card is a credit card with a million-level limit, and the upper limit of each bank will be different, ranging from 1 million to 5 million.
The credit card limit will vary according to the card level. Currently, credit cards are mainly divided into regular cards, gold cards, platinum cards, black cards, etc. Depending on the card type, the credit card limit is generally between 1,000 yuan and 1,000 yuan. It ranges from ten thousand to one million yuan. The higher the card level, the higher the corresponding credit card limit.
At present, the credit card limit is generally between 1,000 yuan and 10,000 yuan, the gold card limit is generally between 10,000 yuan and 50,000 yuan, and the platinum card limit depends on the bank. The upper limit will also vary, generally starting at 50,000 yuan. Black cards are all credit cards with a million-level limit, and the upper limit of each bank will be different, ranging from 1 million to 5 million.
The credit card limit depends on the effective income and asset security value provided by the individual during the application process.
The credit limit of a credit card is positively correlated with the applicant's income and secured assets, that is, the higher the income and secured assets, the higher the credit limit obtained. Therefore, applicants must provide proof of income and statements of asset security. Asset guarantees include fixed assets such as real estate and cars, as well as current assets such as savings and bonds.
Is it illegal to cash out 160,000 yuan with a credit card?
If the cardholder uses the above method to maliciously overdraft for the purpose of illegal possession, and should be investigated for criminal liability, he shall be held criminally responsible according to Article 196 of the Criminal Law. According to the provisions of the article, the person shall be convicted and punished for credit card crime. 1. Cardholders can use credit cards to pay as much as possible in daily consumption, especially to increase large-amount consumption expenditures (except for wholesale consumption. Frequent payment for wholesale consumption is not only not conducive to increasing the credit limit, but may also be suspected of illegal cash out).
2. After several months of continuous consumption, you can actively apply to the bank. The card department will decide whether the limit needs to be increased based on the cardholder's consumption record. After the credit limit is increased and used for a period of time, about three months later, you can apply to the bank again to gradually increase the credit limit.
3. Provide proof of asset income. Take the initiative to provide proof of asset income to the bank, and the more detailed the proof materials you provide, the higher the income, and the higher the credit limit that may be approved by the bank.
4. Repay the loan in full and on time. Try to repay your loan in full and on time each month. The repayment status is an important item in the credit card record. Cardholders should try to avoid paying interest beyond the interest-free period due to untimely repayment. Otherwise, it will not only be detrimental to increasing the credit limit, but may also cause stains on the credit record.
"Interpretation of the Supreme People's and Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards" Article 7 violates national regulations by using point-of-sale terminals (POS machines) and other methods to fictitiously Direct cash payments to credit card holders through transactions, false prices, cash returns, etc., and if the circumstances are serious, they shall be convicted and punished for the crime of illegal business operations in accordance with the provisions of Article 225 of the Criminal Law.
How to convert credit card limit into cash?
One: Use a credit card to pay for a friend’s consumption to realize cash-out for free. When a friend uses cash to consume, he uses his own credit card to cash out for his friend and repays it in time. The bank’s income is only 1 collected from the merchant. % to 2% settlement fee, the cardholder does not have to pay any fees.
Two: Using e-commerce websites such as Taobao and Paipai to cash out online for free is mainly to take advantage of the extremely convenient consumption and cash withdrawal features of e-commerce websites, by recharging and withdrawing money (use this method with caution), after false shopping and consumption You can cash out for free by withdrawing money again, and all handling fees are waived in this process. This is also due to the great benefits that the fierce competition of e-commerce websites brings to our consumers.
Three: Use your credit card to purchase air tickets to cash out free first-class tickets on Air China or China Southern Airlines. It is stipulated that as long as the first-class ticket is refunded 24 hours before departure, a full cash refund is required, but no missed flights are included. A first-class ticket that has been changed while in the state. So some people came up with the crooked idea of ????the two airlines. They can easily realize their wish to cash out for free by swiping their cards at the local self-built business halls of the above two airlines and issuing tickets, and then following the refund process.
Four: Use China Mobile to swipe your card to buy large-value recharge cards to cash out free of charge. China Mobile can currently swipe your card to buy recharge cards in the business hall, or even bind the credit card and mobile phone through mobile phone text messages through the current green business hall. You can transfer the money to your mobile phone number, and then use your credit card to recharge the mobile phone number, and then bring your ID card and mobile phone card to the China Mobile business hall to cancel the number and get a refund.
That’s it for the introduction of large-amount credit cards.