With the popularity of credit cards, many people have applied for credit cards, and even applied for several credit cards. When the credit card is not enough, many people will cash out the credit card to repay, so the credit card will be repaid repeatedly. What are the consequences of cashing out and repaying?

The consequences of repeatedly cashing out and repaying

1 Being risk controlled by the bank

When using a credit card, the bank will treat For credit card testing, once it is discovered that the credit card has been cashed out, the bank will conduct risk control on the credit card, resulting in the credit card being unable to handle various installment and other services.

2 Permanently block the card

Credit card cashing is prohibited by banks. Once the bank discovers the credit card cashing behavior, the bank will monitor the credit card and prohibit credit card consumption. If the credit card is found If you repeatedly cash out and repay, the bank will directly block the credit card.

The consequences of repeated cash out and repayment are very serious. Banks are also very strict about this kind of cash out. Once cash out and repayment occurs, the credit card will definitely be affected. In more serious cases, the credit card will be affected. It will affect an individual's credibility with the bank.