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Is it legal to cash out foreign credit cards?
Overseas credit cards cannot be withdrawn in China. According to the national regulations, it is illegal to cash out, and it is not recommended for cardholders to use credit cards to cash out.

Credit card cashing refers to the behavior that the cardholder withdraws the funds in the credit limit of the card in cash by other means rather than through normal legal procedures (ATM or counter), and at the same time does not pay the bank withdrawal fee.

According to Article 177 of the Criminal Law, the crime of forging or altering financial tickets belongs to one of the following circumstances. Whoever forges or alters financial tickets 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 circumstances are serious, 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 circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(1) Forging or altering bills of exchange, promissory notes and cheques;

(2) Forging or altering other bank settlement vouchers such as entrusted collection vouchers, remittance vouchers and bank deposit vouchers;

(3) Forging or altering letters of credit or accompanying documents and documents;

(4) Forged credit cards.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.

At present, there are several ways to use credit cards:

The first type: online cash withdrawal. This kind of withdrawal method needs professionals to realize. For example, the top ten "withdrawals" are 577, then 43 and then 222.

The second type: ATM withdrawal: insert the card directly into the ATM, enter the password, click to withdraw money, select or enter the withdrawal amount, and then wait for the withdrawal.

The third type: go directly to the counter to withdraw cash, give the credit card to the teller and tell him the amount you want to withdraw, and then she will handle it for you, either withdrawing cash or transferring it to a bank card.

The fourth type: online cash transfer, login to a bank credit card account, which can be app or computer-based online banking. Find the entrance to cash withdrawal by credit card, then go through the cash withdrawal procedure and transfer the money to the savings card.

Extended data:

Regular withdrawal:

Because credit card users have a 56-day "interest-free consumption" period, once the cardholder cashes out, he can use the bank loan without paying interest during this "interest-free period". Credit card cashing makes credit card a personal loan;

For example, if a person has 10 credit cards and each credit card has a limit of 10000 yuan, then he can get a loan of 100000 yuan by cashing in. If he doesn't need it for the time being, he doesn't have to cash it, and the bank won't charge him interest.

Double cash:

Some banks' credit cards have installment payment limits, and consumption can be paid in installments. Installment payment uses the installment amount of the credit card, and the available amount in the credit card will not be reduced, so credit card holders can use the credit cards of these banks for "secondary consumption".

Pay in installments first, then use up the installment quota, and then directly swipe the card to use up the available quota in the credit card quota at one time, so that you can consume the installment quota+the available quota in the credit card quota.

Then, using the above cash-out method, you can easily cash out the installment quota and the credit card quota to realize the double cash-out of the credit card.

For example, if someone's credit card limit is 10000 yuan and the installment limit is 20000 yuan, then he can go to the designated shopping mall to buy 30000 things, thus realizing double cashing.

People's Network-Credit card cashing forms a gray industrial chain