The act of cashing out credit cards is undoubtedly a potential risk game for cardholders. Once detected by the bank, the consequences may be quite serious. First of all, the credit card limit may be hit, ranging from a reduction to a direct card closure. Some people seem lucky and have not been directly punished at present, but this does not mean that they are safe. Banks may be temporarily tolerant, and once the tolerance limit is reached, the card sealing action will be inevitable.

more crucially, cashing in a credit card will be regarded as an act of dishonesty, which will cause serious damage to personal credit records. Once discovered by the bank, your credit report will be permanently stained with cash, which will have a negative impact on your loan application and may make it difficult for you to obtain loans in the future.

The most serious consequence may even be breaking the law. Cash-out behavior is regarded as credit card fraud in law. According to the provisions of Articles 196 and 225 of China's Criminal Law, if you don't pay back after cash-out, you will face three to ten years' imprisonment and a fine as high as 2, to 5, yuan. Therefore, cashing out is by no means a trivial matter, so it must be treated with caution.