1, derated card
The bank found out that you were cashing in with your credit card. In order to avoid your own risks, you may reduce the amount of the cardholder or seal the card. Whether it is to reduce the quota or seal the card, the cardholder's capital chain will break and it will not be able to turn around for a while, which will make the credit card unable to pay, so it will be overdue.
As we all know, the consequences of overdue credit cards will not only bear high overdue interest and liquidated damages, but also affect personal credit information and leave bad credit records with serious consequences.
2, shall be investigated for legal responsibility
According to the law, serious credit card cashing will be characterized as "credit card fraud".
The sentencing standard for the crime of credit card fraud is: "if the amount is relatively large, it shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and a fine of not less than 20,000 yuan but not more than 200,000 yuan;" If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other particularly serious circumstances, it shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and a fine of not less than 50,000 yuan but not more than 500,000 yuan or confiscation of property. "
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It can be seen that the consequences are very serious.
In addition to these possible consequences, credit card cashing cardholders also face the following two major risks:
1, credit card information is leaked, the risk of being stolen, and the risk of third-party platforms running away to brush money;
2. Bear the high "handling fee" for credit card swiping. The handling fee for illegally sold POS machines in the market is generally 0.60%-0.85%, which is very high.
Rong 360