In recent years, China's credit card industry has developed very rapidly, and the number of cards issued and the scale of transactions have shown an increasing trend. Take 214 as an example. In that year, the number of new cards issued by large, medium and small banks nationwide was as high as 65 million, and the cumulative number of credit cards issued was 445 million, with a per capita card holding capacity of about .34. Nowadays, credit card business has become one of the profit growth points of major banks. However, behind the rapid development of China's credit cards, various problems are constantly emerging.

especially the existence of credit card cashing has caused serious adverse effects on the development of China's financial industry. Now "cashing out" has been banned by the state, and many banks have begun to act, which also means that it is difficult for everyone to "raise cards with cards". So what are the policies of major banks?

At present, credit card cashing in our society can be roughly divided into the following categories. One is to cash out by using POS machines. Cardholders use credit cards as cash-out tools to cash out by swiping their cards on POS machines of fixed merchants that provide POS "cash-out services" or collude with each other. This kind of cash-out behavior is ostensibly shopping and credit card consumption, but there is no real transaction in fact. It only uses credit cards to withdraw cash, and at the same time gives merchants a certain "handling fee".

this cash-out form is not restricted by credit card issuers, but the POS machines of merchants are not restricted, and all of them can be overdrawn in full. It is a traditional and typical cash-out behavior. In recent years, major banks have stepped up their efforts to crack down on the use of POS machines and cash withdrawal machines, and this kind of cash withdrawal behavior has also converged.

second, multiple credit cards are cashed out in cycles. The same cardholder applies for multiple credit cards in different banking institutions, and each credit card has an interest-free period. The cardholder skillfully sets the repayment date of each credit card, repays the overdraft of the A bank credit card with the cash of the B bank credit card at maturity, redeems the overdraft of the B bank credit card with the C bank credit card at maturity, and so on.

this behavior is also a typical card-raising behavior. Generally speaking, the host of this kind of revolving cash withdrawal may not actually have the repayment ability, so the issuing bank bears a high credit risk. The third is to help others cash out. When other people intend to use cash or debit cards to make purchases or pay fees, they pay bills instead of others by swiping personal credit cards, and put the cash of the shopper or payer in their pockets.

The purpose of this behavior is to increase personal credit card points in exchange for bank souvenirs, which usually happens between people who are familiar with each other. This cash-out method has the characteristics of low technical content and simple operation. Therefore, this cash-out method is the most common behavior in daily life.

Credit card cashing activities are mostly concentrated in Beijing, Shanghai, Guangdong, Fujian, Liaoning, Shandong and other places. In recent years, credit card cashing activities in Hunan, Hubei and other provinces have also shown a trend of rapid increase and frequent occurrence. The main reason is that the above cities are all coastal or economically developed areas, people's consumption level is high, credit cards are widely used, and people's ability to accept new things is relatively strong.

So the corresponding credit card cashing activities are also active. As local banks actively issue or prepare to issue cards, credit cards gradually spread from first-tier cities to second-and third-tier cities, and credit card cashing inevitably follows. However, we say that the harm brought by credit card cashing is multifaceted.

first, it hinders the rapid development of the whole industry. After a large number of credit card lines flowed into the market in cash, it caused a false prosperity in the consumer market in China. But we say that this prosperity is actually a bubble. When this bubble is completely burst, it will have a great impact on the development of the financial market of the whole country. Credit cashing is a serious illegal and criminal act because it violates the relevant banking regulations.

In addition, cashing in credit cards will directly lead to the continuous increase of non-performing loans and bad debts of banks, which will affect the credit environment of the whole society and hinder the healthy development of the whole credit card industry. Second, the cashing of credit cards has seriously disrupted the order of China's financial market. In recent years, all kinds of cases caused by credit card cashing in China are on the rise. Such as credit card fraud, money laundering and so on. It harms the interests of some people and is not conducive to the construction of a harmonious society.

Moreover, the high cash-out behavior can easily cause the illusion that the market has sufficient funds and insufficient supply. We say that if a large number of credit card loans cannot be repaid, it will easily lead to the emergence of subprime mortgage crisis, which is very risky. In view of the above risks of credit card cashing, many banks have begun to take actions to crack down on this kind of cashing behavior, which also means that it is difficult for everyone to rely on "keeping cards with cards".

first, severely crack down on the use of POS to cash out. At present, POS cash has formed a complete industrial chain, and even some companies directly rely on this kind of business development. In order to crack down on this kind of behavior, banks also explicitly prohibit this kind of behavior and have a clear mechanism. For individuals who use POS machines to cash out, once they are discovered by banks, they will first warn cardholders.

if it is discovered by the bank for the second time, the bank will cancel the cardholder's points, increase interest, reduce the amount and so on. If the cardholder continues to cash out, the bank will directly freeze the right to use this credit card. If the company is caught cashing in collectively, it will not only be ordered to suspend business and hand over all POS machines, but also be severely punished. If the company insists on this business, it will be closed down.

In fact, before this, a branch of Postal Savings Bank had a large-scale cash-out event for bank employees. Because of this incident, the branch received a fine of 6, yuan from the CSRC, and the employee was also put in prison. I have to say that the state's crackdown on credit card cashing is still quite strong.

Second, major banks have given many preferential policies to the behavior of not cashing out credit cards, such as reducing the handling fee, even the minimum repayment amount, delaying repayment and so on. Although major businesses have various rewards for not cashing out. But I still hope that everyone will consume rationally and rationally, and not overdo it.

from the above analysis, the current situation of credit card cashing in China is diverse. For example, cash out of POS machines, cash out of multiple credit cards, cash out for others' consumption and so on. However, the harm brought by cashing in credit cards is various, especially this behavior will increase the non-performing loan ratio of major banks and adversely affect the development of China's financial industry.

with the control and upgrading of this behavior by major banks, credit card cashing will gradually decrease. Finally, I want to ask you, what do you think of credit card cashing? Related Q&A: Related Q&A: Is it reliable to raise a card with a credit card? What are the hazards?

everyone is familiar with credit cards, and many people use them in real life. But most people don't understand the functions of credit cards, and only use credit cards as a simple lending tool. Many people who have poor self-control and are prone to overspending and blind consumption may still hold multiple credit cards in their hands. However, the more credit cards represent the higher responsibility rate, which makes these people have to become card slaves and fall into the strange circle of raising cards with cards.

so, what is a card?

In the TV series "ipartment", menstruation Tang Youyou Jr. used cards to raise cards. The so-called card-raising is to use the difference in repayment time of different credit cards to cash out one of them and return the other credit card on the repayment date. Simply put, it is robbing Peter to pay Paul. In the TV series, Tang Youyou felt overwhelmed because he was burdened with a large amount of debt with a card and was unable to repay it. Although the problem was solved in the end, it was just a TV series after all. If in real life, it is really feasible to run more than a dozen credit cards as Tang Youyou does?

The answer is no, of course. Raising a card with a card may alleviate the temporary repayment pressure, but the harm it brings cannot be underestimated.

First, the high handling fee will crush you instantly

As we all know, credit cards can't be directly transferred, so many cardholders will take cash out. To withdraw cash by credit card, not only a high handling fee will be charged, but also an interest of five ten thousandths will be charged every day, which is 18% every year if converted into annual interest. Moreover, credit card withdrawal is not a simple superposition of interest, but will automatically count the interest of last month into this month's principal when the monthly billing date arrives, which is a terrible "rolling interest". If this rolls, the interest will roll bigger and bigger like a snowball. This means that the use of credit card cash to raise cards with cards is bound to be a lot of wool by banks.

Second, if the overdue pressure is great, the fracture will be finished

Besides the high handling fee, it is also easy to be overdue. If you keep your card with a card for a long time, if one day, a card is downgraded or blocked, it will directly lead to the break of the repayment capital chain, which will lead to the overdue of the credit card. Once one credit card is overdue, other banks may also reduce the amount of other bank cards for risk control, which will eventually lead to the overdue of multiple credit cards. If this happens, the cardholder's personal credit will also be seriously affected, affecting the future mortgage and credit card processing, and even directly entering the credit blacklist.

Third, privacy is easy to leak, and you are entangled illegally

Many card owners use "keeping cards with cards". Because of the high interest rate, they will use some illegally operated POS machines called "card-keeping professionals" to swipe their cards. But in fact, this way is very dangerous. Because POS is illegal and risky, it is easy for personal privacy on credit cards to be leaked due to credit card swiping, and these personal privacy can easily flow into the "black market" and be used to handle illegal business, triggering new financial crimes.

with the upgrading of credit information, the information in the new credit information system is more comprehensive and detailed, and the repayment information will be detailed. In the new credit report, the cardholder's repayment status+overdue status+repayment amount will be displayed, so that the bank can see the cardholder's consumption and repayment ability at a glance. To this end, many banks have also introduced stricter credit card management measures. In this case, it is even more difficult to raise a card with a card! Therefore, we must spend rationally, make a reasonable repayment plan, reduce the number of credit cards, and get ashore from the misery of raising cards with cards as soon as possible!