What does a set of credit cards mean?

A set of credit cards generally refers to two or more credit cards. Generally, in addition to the RMB credit card, there is also a matching limit*** credit card, or several different types of credit cards launched by the bank. You can use these cards in combination. After applying for a set of cards, some banks can repay the set of cards together, but some banks still require each credit card to be repaid separately, so you must pay special attention when repaying. To put it simply, you use informal means to withdraw more cash from the credit card overdraft limit given by the bank, without paying the corresponding interest to the bank. Under normal circumstances, when users use credit cards to make purchases and withdraw cash, they have to pay a certain fee to the bank. However, there is no need to pay for cash out, which is equivalent to an interest-free loan. However, instead of withdrawing cash through normal legal procedures (ATM or counter), cardholders use various other means to withdraw the funds within the credit limit of the card in cash without paying bank withdrawal fees. behavior. Or, by conducting some false transactions on illegal POS machines and other equipment, the credit limit of the credit card is used for other purposes. This in itself is an illegal act.

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The dangers of using credit cards to cash out:

1. Cashing out with credit cards is an illegal act. If the cardholder does so, he or she will be fined. It will be recorded on your personal credit report, and if the situation is serious, it may also involve legal liability. The behavior of using credit cards to cash out will be entered into the cardholder's personal credit report, which will affect the cardholder's future business operations such as loans or credit cards. However, it must be noted that cashing out is illegal. Cashing out a credit card will cause losses to the bank. If it is a small amount, the bank may not investigate it, but if it is a large amount, the bank is likely to.

2. Cashing out with a credit card is an illegal act, but withdrawing cash with a credit card is a legal act. The reason why some people take risks and cash out instead of withdrawing cash is to avoid all kinds of problems with withdrawing cash. kind of expenses. The general handling fee of machines on the market is above 0.6. The handling fees for cash withdrawals vary from bank to bank. The general amount is between 1 and 5. Secondly, there will be interest after withdrawing cash.

3. Cashing out of credit cards will also be suspected of illegally granting loans and operating beyond the scope, disrupting the normal financial order.

4. In addition, cashing out on credit cards can easily induce credit card behavior, causing innocent people to suffer losses. Some individuals even have their identities used by others to apply for credit cards without even knowing it.

How to use a credit card to get urgent money

There are many correct ways to withdraw money from a credit card, such as ATM withdrawals, bank counter withdrawals, transferring credit card limits to bank cards through mobile banking and online banking, etc. . These methods will not cause risk control and are also the correct cash withdrawal methods for credit cards.

In addition to the above methods, credit cards also have indirect cash withdrawal methods. For example, a user uses a credit card to help relatives and friends buy things online. After receiving the things, the relatives and friends will pay cash to the user, which is considered a successful withdrawal. Of course there are risks with this approach, friends may owe you money.

There are two ways to withdraw money by credit card.

1. When withdrawing cash by credit card, it depends on whether your credit card has the cash withdrawal function. Generally, credit cards have cash withdrawal limits, and you can withdraw cash directly at an ATM or counter.

If there is no cash withdrawal amount, then if you want to withdraw cash, you can do so in two ways. The first is to use the credit card APP or call customer service to ask for the cash withdrawal amount.

The second method is to swipe T with a credit card machine.

Due to the convenient payment methods of credit cards, there are more and more credit card users, so the phenomenon of cashing out of credit cards is increasing. So how do you withdraw money from your credit card? I tell you. 1. Credit card cash withdrawals require payment of handling fees and interest. The cash withdrawal fee is generally 0.5 of the cash withdrawal amount, and the interest is calculated on a daily basis, and the daily interest rate is about 0.05%. 2. Withdraw the excess money from the credit card and transfer it to my companion savings card. This time it is not free, a certain handling fee is required, usually 0.5-3.

3. You can also transfer money to the UnionPay passbook of any bank at designated bank ATMs in designated cities, but you must have a debit card from that bank and open one of telephone banking, online banking, and mobile banking. 4. The cash installment limit is different depending on the cardholder’s credit limit and card usage history. After the cash installment is successfully processed, the money will be transferred to the debit card in the name of the cardholder. 5. Credit cards must be used rationally and repaid in time, because seriously overdue credit cards will be included in the conference blacklist. This can do more harm than good. Please remember. Simply put it is 1. Overpayment Transfer 2. Direct credit card transfer. Cash installment transfer.

Xiaoman is a compliant credit service platform and is trustworthy. Small, the maximum loan amount is 200,000 yuan, the daily interest rate is 0.02, the annualized interest rate is 7.2, and the lowest interest rate for borrowing 10,000 yuan a day is only 2 yuan. At present, Du Xiaoman and financial institution partners have served more than 10 million small and micro business owners and individual industrial and commercial households.

What are the penalties for using a credit card?

Legal basis: If a person commits the crime of loan re-loaning, his illegal income reaches 100,000 yuan, or although it does not reach 100,000 yuan, he has transferred the loan at high interest within two years. If a person has received administrative punishment for two or more times and then commits the same criminal act, it constitutes a re-lending and a case shall be filed for prosecution.

Article 175 of the "Criminal Law of the People's Republic of China"

For the purpose of making profits through on-lending, it is illegal to obtain credit funds from financial institutions and on-lend them to others at high interest rates. If the amount of income is relatively large, he shall be sentenced to not less than three years or criminal detention, and shall also be fined not less than one time but not more than five times the illegal income; if the amount is huge, he shall be sentenced to not less than three years but not more than seven years, and shall be fined not less than one time but not more than five times the illegal income. If a unit commits the crime in the preceding paragraph, the unit shall be fined, and the person directly in charge and other directly responsible persons shall be sentenced to not more than three years or criminal detention.

"Regulations of the Supreme People's Procuratorate and the Ministry of Public Security on the Standards for Filing and Prosecution of Criminal Cases under the Jurisdiction of Public Security Organs (2)"

Article 26: Extortion for the purpose of re-lending for profit If a financial institution's credit funds are transferred to others at high interest rates and are suspected of one of the following circumstances, a case shall be filed for prosecution:

(1) If the amount of illegal gains is more than 100,000 yuan, the amount of illegal income is more than 100,000 yuan;

p>(2) Although the amount does not meet the above-mentioned amount standards, the applicant has been subject to administrative penalties for re-loaning at high interest rates more than twice within two years, and then re-loaned at high interest rates.

This is the end of the introduction about credit card application and how to use credit card application for more than 50 days. I wonder if you found the information you need?