Credit card cashing is found: once the bank confirms the cardholder cashing, it will generally reduce the credit line, freeze the credit card, and even cancel the card. What's more, if cash is cashed out in bad faith, the cardholder will face criminal responsibility.
Credit card cashing:
1, the so-called credit card cashing generally refers to the fact that credit card holders collude with merchants to make false high consumption and fictitious transactions by using the POS equipment of merchants, and obtain cash after paying the so-called handling fee.
2. Generally speaking, many credit cards of banks have the limit of withdrawing cash through ATM machines or bank counters, and the maximum withdrawal amount of most credit cards can only be 50% of the total amount. For example, if the amount of a credit card is 6.5438+0 million yuan, then only 5,000 yuan in cash can be withdrawn through the bank. However, if the cardholder urgently needs 654.38+00000 yuan in cash, it is far from enough to withdraw cash through the bank, so he has to choose to collude with the merchants and use false transactions to obtain enough cash.
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How much does it cost to cash out a credit card?
Legal analysis: once the cardholder is unable to repay the credit card, it may constitute a credit card++crime. The crime of credit card++is an act of illegal possession, which violates the regulations on credit card management and uses credit cards to conduct++activities to defraud a large number of property. When using a forged or invalid credit card, you must know that it is a forged or invalid credit card; Using a credit card that others think is true and valid, but actually using a forged credit card, is an error with the same constituent elements, and does not affect the establishment of the crime of credit card++.
Legal basis: Article 196 of the Criminal Law of People's Republic of China (PRC), anyone who engages in credit card++activities in any of the following circumstances, with a relatively large amount, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other particularly serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years++or++,and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated: (1) using a forged credit card or using a credit card fraudulently obtained with false identification; (2) Using an invalid credit card; (3) Fraudulent use of another person's credit card; (4) malicious overdraft. The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. ++credit cards used together shall be convicted and punished in accordance with the provisions of Article 264 of this Law.
How to cash a credit card
I believe everyone has heard of credit card cashing, but malicious overdraft cashing will not only be blacklisted, but also bear legal responsibility. But it can still be legally cashed out now.
1, consumption, help friends pay the bill, and let friends give themselves money. This kind of use should ensure that friends can give themselves money.
2. Return cash. If a person uses a credit card to spend money and needs to return it if there is a problem, he will return it to the credit card normally, but this process is very long and takes 15~20 days. If you negotiate with the merchant to request cash back, the general merchant will agree, but the consumer will be required to bear the credit card handling fee.
3. Cash in the POS machine, find a familiar friend or personal product, swipe a credit card, and the merchant will give you cash, but the handling fee will be borne by yourself.
4. Network cashing. For example, if the credit card is transferred to Alipay, then Alipay is transferred to Alipay B, and Alipay B is transferred back, the money can be withdrawn.
This concludes the introduction of credit card cashing and credit card overdraft cashing. I wonder if you found the information you need from it?