"Empty card cashing" is to withdraw cash from your credit card when your credit limit is used up, and the amount obtained can be several times that of your credit limit. Credit card management loopholes have now become a tool for some people to collect money.

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There are two main points to realize empty card cashing: one is to swipe the card, and the other is to rely on the relationship.

The key to swiping a card is to drill holes. Originally, the middleman used the installment amount (the amount has been spent) given by the bank to the cardholder to make false consumption through the POS machine, helping some people who are in urgent need of cash to quickly convert the installment amount in the credit card (generally 1 to 50,000 yuan) into cash, and charge a commission as high as 17%-25% from it.

This kind of false consumption is an integer of cashier overdraft in the past. If the consumption data displayed on the POS machine is always an integer, it will be included in the suspect list. But now middlemen are becoming more and more "smart" and rarely brush integers, which is difficult for banks to find. It doesn't matter if you just swipe your card. You can't cash out. These middlemen are generally inextricably linked with the finance and executives of large shopping malls, because only in this way can they get bank loans smoothly.

In the past, credit card cashing was mainly realized by "organizing" credit cards with false identities. Intermediaries have made a lot of false positions for some leather bag companies, handling a large number of credit cards for the company and swiping credit cards to cash in working capital.