Will the withdrawal of credit cards by mobile phone affect credit reporting?
In fact, whether the withdrawal of credit card by mobile phone will affect the credit information mainly depends on the reasons why banks check the credit information. After all, every time a bank checks a credit report, it will leave a query record on the credit report. What needs to be noted here is that when we handle credit cards, the reasons for withdrawing cash from credit cards to conducting bank credit investigation are different, and the impact on credit investigation is also different.
1. When applying for a credit card, the bank makes a credit inquiry on the grounds of "credit card approval", and loan approval and guarantee qualification examination are both hard inquiries. Too many such records will ruin the credit information in a short time, so they are considered as negative records, which will affect the credit. It is difficult to apply for loans and credit cards in the future.
2. Cash withdrawal by credit card: The bank checks the credit information for the reason of "post-loan management", with the purpose of understanding the current credit status and liabilities of the cardholder, which is not a negative record and will not directly affect the credit information. After all, post-lending management is the most commonly used method for banks to check risks, and supervision also requires banks to conduct post-lending management regularly.
In short, mobile phone credit card withdrawal will not directly affect credit reporting, but it is not in favor of everyone applying for credit card withdrawal at multiple banks at the same time. In this way, credit information will be managed by many banks after lending in a short period of time, and banks may think that cardholders are at risk.