The bank will think that you are "tearing down the east wall to pay for the west wall" and have no ability to repay. If you need to go to a bank for a loan in the future, you are likely to be rejected. If you cash out frequently, your credit card limit will be reduced. Once a credit card is overdue in the future, the bank may investigate whether it is a malicious overdraft - a "crime of fraud." Rejected by the bank for lending

Why are credit cards often cashed out? In fact, to put it bluntly, most people are demolishing the east wall to make up for the west wall. Essentially, it means there is no ability to repay. The bank's credit card department is actually well aware of this. If you buy a house or a car in the future, you will need to get a large loan from a bank. As soon as the review department checks your credit card record, it will immediately label you as "unable to repay."

If you don’t have the ability to repay, the bank will never lend. Many people are rejected when they go to the bank for a loan. I am particularly confused. I am not overdue or in debt, so why does the bank refuse to lend? Because the bank has found that your credit card is frequently cashed out, it doubts your ability to repay. Reduce the credit card limit

Some people think they are smart and use various means to maintain their cards and increase their credit card limit. In fact, the bank knows it very well. You think it is supporting your card, but in fact, the bank is also secretly "supporting you". Once the bank inquires about your finances, a situation has arisen. Then the bank will start to close the network, and as long as your limit is still up, it will immediately reduce the limit. Some people slowly "raise" their credit card limit to hundreds of thousands. Suddenly overnight, the credit card limit dropped to only a few thousand or a few hundred yuan. Because the bank feels that the time has come to "close the net". If it is overdue, you may be prosecuted by the bank for "fraud"

It is a very common situation for credit cards to be overdue. Especially in the past two years, many people have had no income due to the epidemic. Many people who are in debt make up the holes by tearing down the east wall and repairing the west wall. Once the bank withdraws the loan or the credit card limit is reduced, you will have no choice but to overdue the loan.

Under normal circumstances, you will not go to jail if your credit card is overdue. But as long as your amount reaches 50,000 yuan, the bank will launch a "fraud" investigation. If you cash out frequently, and often completely deplete your credit limit in one stroke, you may be suspected of fraud. Although very few people are convicted of "fraud" because their credit cards are overdue. However, don't be careless, because you will really go to jail. Finally, if you frequently cash out your credit card and transfer money to your debit card, it may also cause the debit card to be frozen

I work in a grassroots bank, and every day when I go to work, I encounter many customers asking, Why is my bank card blocked? Some people are suspected of money laundering, and some are involved in virtual currency transactions. But some people use it normally and do not break the law. Why is it frozen? Later, an inquiry revealed that the frozen bank card was the bank card that this customer often used to cash out his credit card and then make deposits.

Everyone should pay attention: cash out your credit card and then transfer the money to your savings card. The debit card into which the money is deposited is very likely to be frozen. Similarly, many people like to use Huabei to cash out, but their bank cards will also be frozen. Therefore, frequent cash-out on credit cards may bring many negative consequences. There are many risks, and it is really undesirable behavior!