1, credit card reverse card means that several credit cards repay each other in reverse, which can solve the urgent need when the repayment period comes. Its essence is credit card cashing. The main way is to realize credit card cashing with very low handling fee by means of POS machines and other tools, and pay off credit card bills with the money cashed out by credit cards. Because the essence of reverse card is cash, it will also bring some risks. One is that credit card cashing itself is illegal and there are legal risks. Finding an intermediary to cash out may also reveal credit card information and encounter theft. Second, credit card reverse repayment is easy to miss the credit card repayment period, leading to overdue.

2. On the expressway or the expressway with toll, it means that drivers of different trains illegally exchange the pass cards of different trains and change the entrance position, thus causing the illusion of shortening the driving mileage and achieving the purpose of avoiding the toll. This method of exchanging access cards with each other is called reverse card.

Is it illegal to use credit cards for a long time?

1. There are generally two ways for credit cards to reverse each other. One is to use the point-of-sale terminal equipment (POS machine) and other methods to brush out the credit card money through false transactions, which is also commonly known as cashing out;

One is to withdraw the money from the credit card by withdrawing cash.

The former is obviously illegal because the purpose of issuing credit cards by banks is to promote consumption. Although the use of cash is also supported, it is required that cash must be withdrawn through ATM machines or counters. It is absolutely not supported to withdraw the funds in the credit line of the card in cash by this or other means.

2. What happens when the credit card is reversed?

No matter how you flip the cards, it's robbing Peter to pay Paul, which can't solve the problem from the root. I have to pay a handling fee every month, and I still owe so much money to my credit card.

If you withdraw the counter-card, the debt will be more and more, and in addition to the principal, interest and handling fees will also be generated. Credit card cashing is easy to be controlled by bank risks. After all, banks have their own anti-fraud departments and risk identification systems, which can identify risky transactions through big data+manual verification. If it is recognized by the bank as cashing out, the amount will be reduced and the card will be sealed, and the legal responsibility will be investigated.