Credit card cashing
First, empty card cashing
Empty card cashing is actually a method of cashing by credit card. Here is a brief introduction to the empty card cashing of credit cards.
Conventional credit card cashing means that the cardholder draws the full amount within the credit limit of your credit card through a number of cashing companies or other institutions, and then the cardholder immediately gives you cash. This method requires a handling fee ranging from 1.5-3%.
Empty card cashing is to withdraw cash from your credit card when your credit line runs out, and the amount withdrawn can be several times that of your credit line. This kind of cashing is relatively difficult to complete. Only a few banks can cash out their credit cards empty, and the formalities cost is relatively high, with the highest 25% and the lowest about 15%. Usually the cashier takes you to Suning Appliance or Gome and other businesses to buy electrical appliances, and pay by credit card in installments. Then the agent will give you cash and charge you a handling fee. As for the goods bought, the intermediary will return them to the mall in some way.
Second, 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 decrease, so credit card holders can use the credit cards of these banks for "secondary consumption": first pay by installment, use up the installment amount, and then directly swipe the card to consume the available amount in the credit card limit at one time, so that they can consume the installment amount+the available amount in the credit card limit. Then, using the above cash-out method, you can easily cash out the installment quota and credit card quota, and realize the double cash-out of credit cards! 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 cash!
No matter which way you cash your credit card, it is strictly forbidden by the bank. Once discovered by the bank, it may lead to the freezing of your credit card and even affect your personal credit record, so you must think carefully before implementing cash withdrawal.
Third, third-party payment.
The growing third-party payment institutions have gradually invaded the bank card acquiring market. According to statistics, banks account for 70% of the transaction volume in the acquiring market, and third-party payment institutions account for 30%. As a new force in the acquiring market, third-party payment institutions must seize the opportunity to expand the issuance scale. However, personal third-party payment has laid a hidden danger for credit card cashing when promoting personal POS machines. Some readers reported to beijing business today today that a mobile POS machine can swipe its card with a credit card and import funds into a debit card. As long as the cardholder pays 1% of the credit card handling fee, he can easily "steal" the funds in the card.