Why are credit cards so popular? The author summarizes the following reasons: first, you can overdraw without carrying cash with you. This is equivalent to a temporary loan and can be used at any time.

Second: There are many preferential activities and many gifts. Credit cards are still in the stage of vigorous promotion by banks, and there are many opportunities for cooperation between credit cards and merchants. You can naturally enjoy these benefits with credit cards.

Third: help you build a good personal credit. If you have a good credit record, the bank will be happy to deal with you. For a simple example, you are much more likely to apply for a mortgage loan.

Fourth, invest with sufficient interest-free period and liquidity. Credit cards generally have an interest-free period of up to 55 days. After the overdraft, you can use the cash on hand as working capital and invest it where you need it more, or invest it without paying any interest during this period.

Fifth, every bank will charge a handling fee of about 1% for ordinary bank card remittance in different places, with a maximum of 50 or 100. But if it is remitted to a credit card, it is free of charge. If it is often remitted to relatives and friends from other places, it is also a big expense.

To sum up, the prevalence of credit cards is a natural thing. The prevalence of credit cards gave birth to a new industry, so the credit card portal came into being.

The mission of credit card portal is to advocate and enrich the life with credit card as the theme; Be a bridge between consumers, card-issuing banks and merchants.

Today, I will share my investigation in the past three months with you on this kind of portal website, hoping that my suggestions can be used as a reference for friends who intend to apply for credit cards.

Now in the credit card industry, the most famous Yangke credit card processing company.

Credit card pad or something

Credit card pad is also called credit card repayment, which generally means that credit card users can't pay off all the money in the current month and want to repay in full to get interest-free or points. Or the user is unable to repay, and delays the repayment time by paying the prepayment fee every month.

Credit card repayment process:

The specific process of credit card repayment is: the payer takes your credit card and goes to the repayment bank first. Wait about ten minutes after paying back the money, and then cash out all the money just paid back on his POS machine. The credit card holder pays the handling fee (65438+ 0%-3% of the repayment amount) to the repayment agent, and the bank determines that the credit card user has fully repaid and spent. Interest-free and send the next bill

Extended data

It is not illegal to repay on behalf of others. However, the credit card pad also involves repayment, which is brushed out in the form of cash. However, in the recently issued Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, it is clearly stipulated that cashing out is illegal.

The Interpretation also stipulates: "In violation of state regulations, cash is paid directly to credit card holders by means of fictitious transactions, false pricing, cash return, etc. by means of point-of-sale terminal equipment (POS machines). If the circumstances are serious, it shall be punished for the crime of illegal business operation in accordance with the provisions of Article 225 of the Criminal Law. "

The essential feature of credit card cashing is to directly convert the credit limit in credit card into cashing through deception. Cash-out funds are out of the normal credit management channels of banks and the management sight and control of regulatory authorities, which seriously undermines the management order of China's financial market and lays an unstable factor for the overall financial order of the country.

Punishment:

The essential feature of credit card cashing is to convert the credit limit of credit card into cashing by deception. Cash-out merchants collude with cardholders to make false transactions with credit cards, which is actually an act of disturbing and violating financial order.

Previously, due to the lack of a clear legal basis, the relevant departments could only take back POS machines, stop trading and other soft penalties for cash-out businesses, making it difficult to effectively curb the spread of cash-out from the source.

References:

Baidu Encyclopedia-Credit Card Pad Return

How to judge the credit card pad

Credit card pad is generally not illegal, but it may be illegal if it is swiped in cash or maliciously overdrawn after repayment.

If the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and fails to return it after two effective collections by the issuing bank for more than three months, it shall be deemed as malicious overdraft.

legal ground

Article 6 of the Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management stipulates that if a cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and fails to return it for more than three months after being effectively collected by the issuing bank twice, it shall be deemed as "malicious overdraft" as stipulated in Article 196 of the Criminal Law.

Whether illegal possession is the purpose should be judged according to the credit history of the cardholder, repayment ability and willingness, the application and overdraft of credit cards, the use of overdraft funds, the performance after overdraft, and the reasons for not repaying according to regulations. It is not allowed to identify the purpose of illegal possession just because the cardholder fails to repay the loan according to the regulations.

In any of the following circumstances, it shall be deemed as "for the purpose of illegal possession" as stipulated in the second paragraph of Article 196 of the Criminal Law, unless there is evidence to prove that the cardholder does not have the purpose of illegal possession:

(a) knowing that there is no repayment ability and a large amount of overdraft can not be returned;

(2) After applying for a credit card with a false credit certificate, it is overdrawn and cannot be returned;

(3) Escaping after overdraft or changing contact information to avoid bank collection;

(4) evading or transferring funds, concealing property or evading repayment;

(five) the use of overdraft funds for criminal activities;

(six) other illegal possession of funds, refused to return.

skill

The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.

What is a credit card pad? How to deal with it?

Credit card pad, also known as credit card repayment, generally means that credit card users can't pay off all the money in the current month and want to repay in full to get interest-free or points. Or the user is unable to repay, and delays the repayment time by paying the prepayment fee every month. The specific process of credit card repayment is: 1. The payer takes your credit card and goes to the repayment bank first; 2. Wait for about ten minutes after paying back the money, and then cash out all the money just returned on his POS machine; 3. The credit card holder pays the handling fee (65438+ 0%-3% of the repayment amount) to the repayment agent, and the bank determines that the credit card practitioners have fully repaid and consumed. 4. interest-free, send the next bill. In fact, according to bank regulations, credit cards cannot be delayed for one day. Otherwise, it is expected that late fees and interest will be charged. You can't just pay interest, you must also pay the minimum repayment amount, otherwise it will be overdue and there will be phone calls from bank personnel. When credit card users can't pay the minimum repayment amount in a short time, or can pay the minimum repayment amount, but don't want to pay high interest, they will generally choose credit card repayment.

Is it illegal to return the credit card?

It doesn't exist. It is not illegal to repay on behalf of others. However, the credit card pad also involves repayment, which is brushed out in the form of cash. Credit card pad, also known as credit card repayment, generally means that credit card users can't pay off all the money in the current month and want to repay in full to get interest-free or points. Or the user is unable to repay, and delays the repayment time by paying the prepayment fee every month. The specific process of credit card repayment is: the payer takes your credit card and goes to the repayment bank first. Wait about ten minutes after paying back the money, and then cash out all the money just paid back on his POS machine. The credit card holder pays the handling fee (65438+ 0%-3% of the repayment amount) to the repayment agent, and the bank determines that the credit card practitioners have fully repaid and spent. Interest-free and send the next bill. Due to bank regulations, credit cards cannot be delayed for one day. Otherwise, it is expected that late fees and interest will be charged. You can't just pay interest, you must also pay the minimum repayment amount, otherwise it will be overdue and there will be phone calls from bank personnel. When credit card users can't pay the minimum repayment amount in a short time, or can pay the minimum repayment amount, but don't want to pay high interest, they will generally choose credit card repayment.

The introduction of Nanchang credit card cushion ends here.