What will happen if you frequently use your credit card to cash out?

We all know that credit card is a relatively important card in our lives. It can solve our financial problems in time. I believe many people will use the different repayment dates of multiple credit cards to achieve this. Repayment is actually an act of cashing out. In fact, you may get into a lot of trouble by circulating cash through credit cards.

1. It is easy to be judged by the bank as arbitrage.

The bank explicitly prohibits credit card arbitrage. Once arbitrage is discovered, the card will be reduced or blocked, or the card will be held accountable. Legal liability.

2. Trouble with management

If you have too many credit cards in your hand, daily management becomes very troublesome. There is too much space, so you have to remember to repay each card in time. In addition, it is easy to lose too many credit cards. Once you cannot find them, you have to report the loss or cancel them, which is a very troublesome process.

3. Too many credit cards may affect future loans

The total credit limit given by the bank to each person is limited. The more credit cards used, the greater the credit limit consumed. If you apply to the bank Large loans can fail, so try not to apply for too many credit cards and avoid cashing out on a recurring basis.

In short, it is a lot of trouble to cash out the credit card cyclically, so everyone should just swipe the card honestly!

First of all, everyone must understand that the ultimate purpose of the bank’s card issuance is to make profits. As for you, The bank will not investigate how much of the card limit was used and how it was used, and there are no corresponding regulations to explain it, but it will definitely crack down on arbitrage. In other words, no matter what the limit of your card is or how you spend it, some people will still increase their limit despite being maxed out several times, and some people will cash out again and again, and the handling fees are not low, but they still can't escape the delimitation and blocking of the card.

Which behaviors will be classified as cash out by banks?

1. The credit span is obvious

In fact, you are not afraid of maxing out, as maxing out means that the bank’s income will be higher. But no matter what the limit of the card is, the consumption must be stable. Do not have dozens or dozens of transactions. Suddenly a large amount comes, and you also use the merchant channel where the bank does not make money, then this will be very troublesome. , this does not remind you once it appears, it usually only appears after 3 times.

2. Frequent transactions at the same merchant

For those who are professional in this matter, the POS machine turnover is very high, and they may have entered the bank's risk control system, and You still have to join in the fun.

3. Immediately charge the bill after paying off the bill

This behavior is a top priority, because once discovered, not only your card collection will be monitored, but also the merchant’s POS machine will be monitored at the same time. Monitoring, anyone with a discerning eye will know what you are doing, and the bank will definitely know it too. It will directly show on your account that you are short of money. Unless you go to standard merchants again and again, if it happens a few times, a reduction is a sure thing. .

4. Credit card swiping behavior in the middle of the night

Most merchants are generally open from 8 a.m. to 11 p.m., and some are open 24 hours a day, but you should pay attention to your frequency. It doesn't matter if you swipe your card once or twice. If you swipe your card too many times during non-business hours, the bank will notice it. Control yourself appropriately and keep swiping it during the day. After all, you can't avoid handling fees.

The risk of maxing out is still very high in the eyes of banks, so friends should try to set aside a certain amount. At least it will show on your account that you are not so short of money, and try to avoid high-risk card swiping. Behavior, rational consumption, rational use of cards.

Will the credit card with black money be frozen?

The credit card with black money will be frozen. If your credit card is suspected of money laundering, make sure you are not, so don’t worry, just call the police. Make sure the phone number you call is the official number of the bank to which the credit card belongs. If not, it may be a phone number. This process is to say that the credit card is suspected of money laundering or something, and then wire it The money goes to the account designated by the user, and then if there is a manual station, you can contact a police officer from the Public Security Bureau.

1. The black money repayment credit card will be frozen

This will cause the freeze or the limit to be halved. The bank will judge whether to issue the credit card based on the application materials and examine the applicant's various information and economic situation. Credit card to applicant.

The applicant's past credit record, the applicant's known assets, professional characteristics, etc. The specific factors and processes reviewed by the card issuer are commercial secrets. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .

2. Extended Information Since the credit card application is sent out by mail after the credit card application is approved

, there is no guarantee that the recipient is the applicant. In order to protect the applicant and the bank from theft To avoid brush losses, the credit card should set up the card opening procedure before it is officially activated. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.

To sum up, it is illegal to return credit cards to people who launder money, and most of these things are scams. There are many examples and lessons. It is recommended not to be fooled and do this. There is no benefit at all. No matter how many scams there are, in the final analysis, you still need money. If there are calls, text messages, or online chats from strangers that require money transfer, most of them are unreliable. When you encounter similar requests from acquaintances, it is best to confirm them in person.

My friend borrowed my credit card to launder 500,000 yuan. Am I legally responsible?

1. It is recommended that you do not lend personal credentials such as ID cards and credit cards. If something goes wrong, you will be responsible. . There are legal risks, and there are great legal risks. It doesn’t matter what the other party’s commitment is or what kind of relationship it is. It’s best not to do this.

Criminal law liability needs to be unified between subjectivity and objectivity. First of all, whether the other party knows it is subjective. If you know that the other party is using Providing it for illegal crimes constitutes the crime of assisting Internet criminal activities or concealing the proceeds of crime. Secondly, there is an objective requirement for a turnover limit. If the illegal proceeds reach the quota, the conviction requirements are met. Therefore, lending your bank card to others is a huge risk and you may face jail. disaster, please be careful! ! !

2. The "Notice of the Ministry of Public Security of the People's Bank of China on Punishing Individuals Who Buy and Sell Bank Cards or Accounts" issued at the end of 2019 stipulates that citizens who rent, lend, sell or purchase personal bank cards will have illegal records. It will be included in personal credit reports, affecting loan and credit card applications, and all non-counter business and payment services will be suspended within 5 years.

3. Article 16 of the "Resident Identity Card Law" Regarding the issue of years of imprisonment for others using my bank card, if any of the following acts occurs, the public security agency will give a warning and impose a fine of 200 A fine of not more than RMB 10,000 will be imposed, and any illegal gains will be confiscated:

(1) Using false certification materials to defraud a resident ID card;

(2) Leasing, lending, or transferring residents ID card;

(3) Illegal seizure of other people’s resident ID cards. Article 17 Anyone who commits any of the following acts shall be fined not less than RMB 200 but not more than RMB 1,000 by the public security organ, or detained for not more than ten days. If there is any illegal income, the illegal income shall be confiscated: (1) Falsely using another person’s resident identity card Or using a fraudulently obtained resident identity card; (2) Buying, selling, or using a forged or altered resident identity card. Forged or altered resident identity cards and resident identity cards obtained fraudulently shall be confiscated by the public security organs. Article 18 Anyone who forges or alters a resident identity card shall be held criminally responsible in accordance with the law. Anyone who commits any of the acts listed in Articles 16 and 17 of this Law and engages in criminal activities shall be investigated for criminal responsibility in accordance with the law.

What should I do if Alipay says my credit card is suspected of cashing out and refuses to charge it to me?

You need to contact customer service to inquire about the details of unblocking before you can continue to use it.

There are three main reasons why Alipay freezes the account limit for "Credit Card Cash Out":

1. E-wallet limit for third-party payment platforms

1. Risk control Limits

In order to avoid or cash out behaviors, the wallet's risk control center will analyze the merchant's industry and transaction records initiated, and set limits for suspected or cash out behaviors. From the user's perspective, in order to avoid arbitrage behavior, personal consumption behavior will be judged, mainly focusing on the single limit of the credit card.

2. Fixed limits for different personal accounts

Based on the completeness of the materials submitted by the user and the user's personal credit analysis, the wallet will have a classification for the user's account, such as Alipay, The quota of users who have not undergone real-name authentication will definitely be relatively low.

2. Card issuing bank limits

1. Limits for all online transactions of cardholders (mainly for online transactions of bank card accounts of financial institutions):

Credit card issuing banks have default limits for online transactions (bank wallets, UnionPay payment, quick payment, etc.). Usually the limit for a single transaction is around tens of millions. Users need to call the customer service of the card issuing bank to request an increase. Online transaction limit. If this is excluded and scan-code payment is still limited, then refer to the above.

2. Limits for WeChat Alipay transactions (mainly for transactions with third-party payment accounts of non-financial institutions):

Currently, the four major banks have restrictions on personal use of Alipay and WeChat Quick Payment. The single transaction and daily limit are both limited to less than 10,000 yuan. The credit card limit is even lower, and the single transaction limit is basically less than 2,000 yuan. Other banks vary slightly higher. The main reason is that the policies of various banks or central banks are driven by factors such as transaction security. However, conspiracy theories are also rampant, and the editor will not comment.

3. Limits for operators of Convergence Payment QR code products

1. Regardless of whether the operator of Convergence Payment QR code payment products is from other payment companies, banking institutions or other places The accessed WeChat Alipay channels are all accessed through merchants or platforms. This is true, and transactions under their names will inevitably be subject to the supervision and risk control of the WeChat Alipay platform.

2. Since the operators of aggregated payment QR code products need to provide T0 payment services, they need to have cash advances.

I spent 17,400 yuan with my newly opened credit card. I don’t know if it will be found to be cashing out. And I bought it at the company store.

Hello.

You are thinking too seriously, no. If a credit card is just opened and the one-time consumption exceeds 80% of the credit limit, the bank will call the cardholder to check the relevant information and confirm whether it is you who swiped the card. This is to protect the safety of cardholders' funds and is also an evasive protective measure to prevent cash withdrawals.

If the bank suspects that you have arbitraged money, it will carry out risk management and control on your credit card, that is, suspend the payment function of your credit card (freeze funds), and it will not catch you... Don't worry, Unless the amount involved is very large and there is suspicion of money laundering.

In addition, to avoid being suspected of arbitrage by banks, do not always swipe your card at a POS machine, or swipe your card close to your credit limit every time.

If you don’t understand, please ask. If you are satisfied, I hope to adopt it.

How to erase the signature on the back of a credit card?

Erasing the signature on the back of the credit card:

1. Alcohol;

2. Nail nail polish remover;

3. Erasable pen Signed rubber.

If that doesn’t work, you can only cancel it and apply for a new credit card.

Related to signatures on the back of credit cards:

1. Although credit cards used daily are set with passwords, as the number of times the credit card is used increases, the risk of password leakage increases accordingly, and in credit cards After the password is lost, checking the "back signature" becomes the last barrier to protect the security of the card owner's credit card.

2. According to relevant requirements, the cashier must check whether the cardholder's signature is consistent with the signature on the credit card. If they are different, the consumption transaction cannot be confirmed. It is an irregular operation for merchants not to verify signatures. Cardholders should also establish awareness of safe credit card consumption and consciously sign their names on the back of the credit card to prevent credit card theft.

3. In addition to verifying the "back signature" of the credit card when swiping the card for consumption in the mall to ensure the safety of the card owner, when withdrawing money from a bank ATM machine, if there is a problem with the machine and the card is swallowed, the bank staff will not be able to When verifying the identity of the owner, you can also check the signature on the back of the bank card with the signature on the registration book, and use this as a basis to handle card refund and other services.

4. After receiving the new bank card, you should sign your name in the signature column on the back of the card as soon as possible. It is best to keep the font consistent with your usual signature, and try to avoid too neat fonts. , otherwise it is easy to be imitated.

That’s it for the introduction of credit card washing materials.