Ever heard of credit card cashing? Credit card was originally a convenient and emergency non-cash transaction payment credit service, but it is really wrong to cash out with credit card and endanger others and yourself. So what's the harm of cashing in credit cards?

First of all, credit card cashing has increased the unstable factors of China's financial order. It violates the national laws and regulations on financial business franchising, deviates from the relevant provisions of the People's Bank of China on cash management, and may also provide convenient conditions for illegal activities such as "money laundering".

Secondly, the harm of illegal cash withdrawal to the issuing bank is enormous. As long as the cardholder makes a consumption, the bank will bear the repayment risk. Therefore, in general, banks guard against overdraft risk through high overdraft interest or cash withdrawal fees.

Third, for the cardholder personally, the credit card cashing behavior also brings great risks to himself. On the surface, cardholders get cash by cashing in. In essence, the cardholder needs to repay after all. If the cardholder can't repay the loan on time, he must bear the overdue repayment interest higher than the overdraft interest, which may cause a bad credit record. It will be very difficult to borrow money from the bank in the future, and even bear the legal risk of personal credit loss.

So, is there no harm in cashing out credit cards? The answer is yes.

1. may be subject to the risk control of the bank, and the card will be reduced or exempted.

Don't think that the bank can't find out. Banks can check all the loan amount, repayment status, number of credit cards, the amount of each credit card and how much you spent on each credit card at any time. There are some more detailed ones, which you can't find in your personal credit report, and banks can also see them.

If the credit card cashing situation is serious, it is not only not conducive to increasing the credit card quota, but also counterproductive, leading to entering the small black room of the bank, not increasing the credit card quota for a long time, and even lowering the credit card quota and sealing your card.

Sometimes banks will "remind" cash-out cardholders to handle installment. In this case, it's better to handle it obediently, or you may be punished by the bank.

2. The funds are broken, which leads to overdue.

In particular, people who use credit cards to cash in for investment speculation, once the speculation fails, the funds are cut off, not only can not earn the spread, but also may not be able to pay, resulting in overdue, affecting future mortgages, and may even go to jail.