Can credit cards be used for business consumption

Yes. But if you often spend a lot of money in the same merchant, or cash out. If the bank finds out, will it reduce the card quota or stop processing

Is it illegal to use a credit card to purchase goods for business?

There are many bosses who are operating on a small scale, lack liquidity, and have no mortgage to borrow money from the bank, so some bosses start to use credit cards to purchase goods. So, is it illegal to use credit cards to purchase goods?

Credit card purchase consumption is not illegal, but it is easily monitored by the bank's risk control system and thus restricted.

in the bank's risk control system, a cardholder who swipes more than 85% of the credit card limit at one time may be regarded as a large consumption, which may involve cashing out. Cash withdrawal is illegal and is not allowed by banks.

if the cardholder's long-term large consumption is used for business activities such as purchasing and purchasing, the bank will consider the risk of funds and freeze the cardholder's credit card.

It's worth mentioning that when you use a credit card to swipe your card, don't always buy the same product at a POS machine and always draw the same integer amount, which will easily be mistaken for cash withdrawal by banks.

what do business loans refer to? Flowers, credit cards?

no! Operating loans are generally relatively large, and the direction of money use is relatively clear, and banks have a special supervision system! And flowers, credit cards are consumer loans!

what consumption can't credit cards be used for

credit cards can't be used in non-consumption fields such as production, operation and investment. For example, credit cards are illegally cashed out for purchasing wealth management products, stock trading, buying funds, etc. These are all investment fields, and credit cards cannot be used in investment fields. Once the bank detects that the user has violated the rules, the user may encounter credit card reduction and card closure.

As the risk control of banks is relatively strict, it is very easy for users to be found if they violate the rules.

according to article 7 of the measures for the supervision and administration of credit card business of commercial banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.

The credit card stipulated in the relevant laws of our country (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the "Code for English Translation and Writing in the Field of Public Service".

Credit card consumption is a non-cash transaction payment method, and it is not necessary to pay cash when consuming, and the repayment will be made on the billing date.

Credit cards are divided into debit cards and quasi-credit cards, and credit cards refer to credit cards in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit.

The credit card generally refers to a debit card only.

from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate).

On May 25th, 221, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards.

The online credit card spending in Bank of Communications was suddenly stopped on the grounds that business consumption required me to send back invoices and transaction records, so I was depressed.

The risk control of Bank of Communications is abnormal, and I would rather kill by mistake than let it go. If there is no invoice for real consumption, I can provide transaction records and receipt documents, and if not, I will seal the card.

Let's stop here for the introduction of credit card business consumption.