The bank found that cash has the following precursors:
1) Restricted transaction: If the cardholder finds that his credit card is restricted when using the credit card, the merchant supports the credit card transaction, and the banking system is normal, but the credit card transaction cannot be completed. This shows that the cardholder's credit card has been risk controlled by the bank, and the bank is wondering what illegal operation the cardholder has done. In order to ensure the safety of funds, cardholders' credit card transactions have been temporarily restricted.
2) Received a warning message: After the cardholder applies for a credit card, the bank will have a special system to detect the use of the credit card. Once the system detects that there is a problem with the amount, frequency or location of the credit card, the system will remind the bank to check. Similarly, the system will also send a warning message to inform the cardholder of the risks.
3) Unable to apply for installment: In addition to the above situation, if the cardholder finds that his credit card bill cannot apply for installment, he may also be subject to bank risk control. If the bank suspects that the cardholder uses a credit card to cash out, then in order to ensure the safety of funds, the bank will refuse the cardholder's bill installment and try to withdraw funds.
In short, it is absolutely illegal to cash out credit cards. Once discovered by the bank, it will reduce the amount or directly seal the card. If the cardholder is overdue, the bank can even file a civil lawsuit against the cardholder.
1. the difference between cash withdrawal and cash withdrawal: apart from the different nature, cash withdrawal and cash withdrawal methods are also different. Credit card cashing is generally realized through POS machines, false transactions or third-party institutions that provide cashing services. Credit card cash withdrawal is the same as savings card, through formal channels such as bank counters and ATM machines. The most important thing that makes many people take risks is that the cash they can get is different from the cost. Generally speaking, the maximum withdrawal amount of a credit card is 50% of the total amount in the card. In addition to the handling fee, interest is charged until it is paid off. The cash withdrawn cannot be paid in installments and needs to be paid off in one lump sum. However, credit card cashing can take out all the quotas, resulting in lower handling fees.