Will be found. "Credit card cashing" refers to the behavior that the cardholder withdraws the funds in the credit line of the card in cash by other means instead of normal legal procedures, and at the same time does not pay the bank withdrawal fee. It is illegal to withdraw cash. The bank has the right to freeze your account according to the regulations on the use of credit cards, which will affect your credit history.

If periodic funds are needed, if it is a credit card of China Merchants Bank, customers can handle cash withdrawal business. The personal credit card of a bank has the function of borrowing cash in advance, and the cash of the credit card can be withdrawn through the ATM and bank counter of this bank or other banks. At the same time, they can transfer the money from their credit cards to their own savings cards through online banking and telephone voice.

If you want to use the cash withdrawal function, you need to set the transaction password and turn on the cash withdrawal function.

Credit card advance cash will be charged with handling fee and interest (including ATM, counter, online banking and telephone advance cash of the Bank or other banks): handling fee: 65,438+0% for each transaction in RMB, with a minimum charge of ￥ 65,438+00/transaction, and 3% for each transaction abroad (including Hong Kong, Macao and Taiwan), with a minimum charge of ￥30/ transaction.

Interest: advance cash does not enjoy interest-free repayment. From the trading day to the settlement day, interest will be charged at a daily rate of 0.5 ‰, with compound interest on a monthly basis.