Illegal. Whoever commits credit card fraud and the amount is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years. , and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the sentence shall be not less than 10 years of fixed-term imprisonment or life imprisonment, and also a fine of not less than 50,000 yuan but not more than 500,000 yuan, or property confiscation. .

Cash-out, short for cash withdrawal, generally refers to the exchange of cash benefits through illegal or false means. Mostly used for cashing out credit cards, provident funds, securities, etc. According to the "Interpretation of Several Issues Concerning the Specific Application of Laws in Criminal Cases Obstructing the Management of Credit Cards" by the two top governments, cashing out refers to violating national regulations by using point-of-sale terminals (POS machines) and other methods to conduct fictitious transactions, false prices, cash returns, etc. Direct cash payments to credit card holders. China UnionPay's "UnionPay Card Acquirer Merchant Risk Management Rules" defines cash-out behavior as: merchants collude with bad cardholders or other third parties, or the merchants themselves use virtual transactions to obtain cash.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit.

It is in the form of a card with the issuing bank name, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

1. Pre-depositing cash is not encouraged. Spend first and repay later. You enjoy an interest-free repayment period and can repay in installments (with a minimum repayment amount). Join VISA, MasterCard, JCB and other international credit card organizations. for global use.

2. It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation within a certain range.

3. It has both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using their credit cards.

Legal Basis

"Criminal Law of the People's Republic of China"

Article 196 The crime of credit card fraud falls under any of the following circumstances. Whoever commits credit card fraud and the amount involved is relatively large shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years. and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or have his property confiscated. /p>