The money in a credit card (credit card) is generally used for overdraft consumption. Although you can also withdraw cash, many cardholders do not use it because they need to pay handling fees and interest. Start thinking about getting cash. The reason why withdrawing cash is called illegal is because it is not allowed by banks. However, since withdrawing cash does not have an amount limit and interest payment like withdrawing cash from an ATM machine, the cost is much lower than withdrawing cash. Therefore, most cardholders will choose this method to withdraw cash.

If the cardholder is caught by the bank withdrawing cash, it will be a disaster. The bank will freeze the credit card (debit card) or directly freeze the credit card according to the degree of cash withdrawal. Punishment methods such as being included in the bank's blacklist, and the following two methods of withdrawing cash, must not be tried. It is not easy to apply for a card, and it is not easy to increase the limit, so use it and cherish it.

Method 1: Use the POS machine to swipe your credit card (credit card) to withdraw cash

Cardholders will use the POS machine provided by the intermediary company to swipe their credit card (credit card) for consumption. This transaction process is virtual, and the intermediary will give the cash directly to the cardholder and charge a certain percentage of handling fees.

Cash withdrawals in this way are generally large integer amounts, which are easily detected by banks, and consumption at POS machines with unknown origins can easily lead to the leakage of personal identity information.

Method 2: Empty card to withdraw cash

Even if the credit limit of the cardholder’s credit card (debit card) is overdrawn, certain methods can still be used to withdraw cash. Generally, credit card (debit card) intermediary companies will use virtual consumption of installment payments to withdraw cash. The process is not explained. This risk is greater than using POS machines, so the handling fee is as high as 10% to 18%.

The risks and costs of illegally withdrawing cash from credit cards (debit cards) coexist. The consequences of withdrawing cash are not only the leakage of personal information, but also the risk of falling into a card debt crisis, and are more likely to be listed. Don't try to get on the bank's blacklist unless absolutely necessary.