Is it illegal to purchase goods by credit card?

It is not illegal to purchase goods by credit card, but when purchasing goods by credit card, it is best to make sure that the other party's pos is handled through formal channels, and the rate of credit card swiping is normal. If you swipe your card on a low-rate pos machine, it is likely to be recognized as cash by the bank, and then it will be blocked or reduced by the bank.

Credit cards should not be used to purchase goods all the time. They can also be used in other aspects in peacetime. Try to diversify the consumption of credit cards as much as possible. Such consumption is also conducive to increasing the credit card quota. Be sure to repay the loan on time after using the credit card, otherwise there will be penalty interest and personal credit information will be affected.

If the credit card can't repay on time on the repayment date, it can use installment repayment or minimum repayment amount, which can effectively avoid overdue repayment. However, when using these two repayment methods, you need to pay a certain fee, but you can repay in advance when the funds are sufficient in the later period.

users must refrain from spending more than they can afford when using credit cards. A detailed plan can be made for each month's consumption, so that the repayment can be made on time in the later period. Try not to pursue a high quota when applying for a credit card. Without a high quota, you won't spend more.

is it illegal to purchase goods by credit card?

it is not illegal, but it is restricted.

because your credit card is a personal card, if the consumption purpose does not meet the personal consumption purpose, and the long-term large-scale consumption is used for business activities such as purchasing and purchasing goods, then the bank can monitor it. The bank will freeze your credit card considering the risk of funds.

as long as you are spending normally, it's not illegal to swipe your POS machine, including purchasing goods. The so-called cashing refers to taking advantage of the subtle differences between the prices of the same product or nearly equivalent products in different markets. For example, you may not be able to withdraw a large amount of cash in a certain place for no reason, so you will transfer the money to other accounts first and then withdraw cash; Or it is realized; Or use a credit card, which is cash. Guaranteeing a certain sum of principal after cashing out means cashing in, which is the perfect result of cashing out. In order to achieve the goal of cashing out, the best way is to choose cashing out products selectively. For example, some stocks, gold, futures and even funds can be used as cash objects to achieve the goal of maintaining value.

Therefore, as long as you repay the loan on time and not overdue, it will not affect your personal credit system in the People's Bank of China!

whether the credit card purchase consumption is illegal or not depends on the situation. If you use a credit card to purchase goods, it is definitely illegal. If it is used normally, long-term large-scale consumption is used for purchase and purchase, and so on, the bank will find out about you. Although it does not constitute illegal, it may affect your use of the credit card, and if it is not good, you will be reduced and frozen.

Article 196 of the Criminal Law stipulates that those who engage in credit card activities in any of the following circumstances, involving a relatively large amount, shall be sentenced to not more than five years or criminal detention, and shall also be fined not less than 2, yuan but not more than 2, yuan; If the amount is huge or there are other serious circumstances, it shall be sentenced to not less than five years but not more than ten years, and a fine of not less than 5, yuan but not more than 5, yuan shall be imposed; If the amount is especially huge or there are other particularly serious circumstances, the offender shall be sentenced to not less than 1 years or fined not less than 5, yuan but not more than 5, yuan, or his property shall be confiscated:

Is it illegal to use a credit card to purchase goods for business?

There are many bosses who are operating on a small scale, lack liquidity, and have no mortgage to borrow money from the bank, so some bosses start to use credit cards to purchase goods. So, is it illegal to use credit cards to purchase goods?

Credit card purchase consumption is not illegal, but it is easily monitored by the bank's risk control system and thus restricted.

in the bank's risk control system, a cardholder who swipes more than 85% of the credit card limit at one time may be regarded as a large consumption, which may involve cashing out. Cash withdrawal is illegal and is not allowed by banks.

if the cardholder's long-term large consumption is used for business activities such as purchasing and purchasing, the bank will consider the risk of funds and freeze the cardholder's credit card.

It's worth mentioning that when you use a credit card to swipe your card, don't always buy the same product at a POS machine and always draw the same integer amount, which will easily be mistaken for cash withdrawal by banks.

This concludes the introduction of credit card purchase and credit card purchase. Did you find the information you need?