Under the background that the concept of advance consumption has long been deeply rooted in the hearts of the people, there are also many people who use Huabei, Jiebei, and credit cards to make purchases. In the past, you would only dare to buy things if you had money in hand. Now, regardless of whether your salary is paid or not, you have a credit card and Huabei to overdraft in advance, and then pay back the outstanding balance after your salary is paid. To a certain extent, this consumption model has also become the current situation of many young people today.

In fact, judging from the original intention of the birth of credit cards, it was originally to solve the problem of users urgently needing money, at least to ensure that money is available in a short period of time. Today, more and more people rely on credit cards for consumption. In addition to salary, a large amount of credit card overdraft is required every month. It is not uncommon for everyone to have a credit card.

On the one hand, the threshold for applying for a credit card is getting lower and lower, and on the other hand, the process has been simplified a lot. Under these favorable conditions, it is understandable that young people choose to apply for credit cards. In addition to many people starting to apply for credit cards, there are also many people who have applied for several credit cards at the same time.

To a certain extent, it is naturally a good thing for banks that more and more people apply for credit cards. However, due to the popularity of credit cards, the phenomenon of overdue credit cards has also emerged one after another, which has also led to a sharp increase in the bad debt rate of banks.

In response to this situation, many banks directly expressed their "attitude" and began to rectify the credit card market. "Card slaves" need to pay special attention to these two "prohibitions" when using credit cards. It’s time to say “goodbye” to these behaviors from now on.

You can "withdraw cash", but "cash out" is prohibited

It seems that the use of credit cards in the market has become an open "secret". Many people who apply for credit cards are not familiar with this function. Also tacitly aware of it. It is worth noting that banks have always banned cash withdrawals. Of course, if you need to withdraw cash from the card, credit cards also support this function.

However, users need to pay high fees. It is precisely because of this that many people knowingly use credit cards to cash out. You should know that once this kind of behavior is discovered, a reduction in the credit limit and card blocking are considered minor penalties. In serious cases, the bank may include this behavior in the credit reporting system. When the time comes, borrowing money to buy a house or a car will all be affected.

Code hopping and overlay code

Code hopping refers to the payment company using back-end technology to turn the original A-type merchants into B-type merchants or C-type merchants. The situation of similar merchants. You must know that the rates charged by UnionPay are different for different merchants. When payment companies do this, to put it bluntly, they earn income through this interest rate difference.

The bank will strictly investigate this kind of behavior. Once it is discovered, it is inevitable to reduce the limit or block the card, and I am afraid there will be no possibility of increasing the limit in the future.

The mismatched code means that the merchant name is inconsistent with the MCC. To put it simply, the industry when the card is swiped and the industry displayed on the receipt are not the same. If a user encounters code hopping, code overwriting, etc. without knowing it, he or she can contact the bank customer service in time to prevent the credit card from being reduced or blocked.

Users need to be reminded that credit cards must be used in a standardized manner. If the above situation occurs, the bank will deal with it in a "unified" manner in the future, that is, reducing the credit limit, blocking the card, and in serious cases, it will be directly included in the credit reporting system. In order to prevent our credit from being affected, we must regulate our card usage behavior.