Conventional credit card withdrawal means that the cardholder swipes the full amount of the credit card limit of your credit card through many withdrawals or other institutions, and then the cardholder immediately gives you cash. This method requires a handling fee ranging from 1.5% to 3%.
and "empty credit card withdrawal" is to withdraw cash from your credit card when your credit limit is used up, and the amount obtained can be several times that of your credit limit. Credit card management loopholes have now become a tool for some people to collect money.
the key to swiping a card is to exploit loopholes. Originally, the middleman used the installment amount given by the bank to the card owner (when the amount has been brushed up) to create false consumption through pos machines, helping some people who are in urgent need of cash to quickly convert the installment amount in the credit card (generally 1, to 5, yuan) into cash, and charge a commission of up to 17%-25% from it.
this kind of false consumption is an integer that was overdrawn by the previous cashiers. If the consumption data displayed on a POS machine is always an integer, it will be included in the suspect list. But today's middlemen are more and more "smart" and rarely brush integers, so it is difficult for banks to find them. It doesn't matter if you just swipe your card, and you can't withdraw cash. These middlemen are generally inextricably linked with the financial and senior executives of large shopping malls, because only in this way can they successfully obtain bank loans.
In the past, the withdrawal of credit cards was mainly achieved by "organizing" credit cards with false identities. Intermediaries made many false positions for some purses, and handled and swiped credit cards for a large number to withdraw cash and obtain liquidity in their hands.
for example, suppose that man A and man B agree to withdraw 8, yuan in cash with a credit card with a limit of 8, yuan, and the location is in a large chain electric appliance supermarket in the city.
after entering the shopping mall, man b came to the counter of digital products with a good knowledge, directly selected three digital cameras with a total value of about 8, yuan, and instructed the salesman to fill in the bill as December installment payment. Because according to the regulations of the relevant banks, installment shopping can temporarily increase the credit limit by 2 times, which is exactly what he used to withdraw excess cash by credit card.
After some operations in the supermarket by man B, he finally used a credit card with a limit of 6, yuan to withdraw a total of more than 9, yuan in cash, but the price was also amazing. In more than an hour, man B charged a so-called handling fee of more than 2, yuan from man A..
Credit card is essentially a small credit loan, while the essence of withdrawing empty credit card is that the intermediary conspires with the cardholder to maliciously withdraw a certain amount of loan from the bank in the name of consumption. To some extent, this is suspected of fictional loans. If the cashier refuses to repay the money, it also violates the provision of malicious overdraft in the Criminal Law of China, and the maximum penalty is life imprisonment.
According to an insider in the banking industry who asked not to be named, at present (29), there are tens of millions of personal consumption loan customers in every domestic bank, so banks can't track the loans of so many customers one by one, and many installment payment quotas are automatically generated by banks according to customers' past credit records. In order to increase the market share of credit cards, many banks do not strictly control the issuance of credit cards, resulting in some people who do not have the ability to repay credit cards, and these people are likely to become the "protagonists" of empty card withdrawals. The loopholes in the bank's management of credit cards and POS machines are the key reasons for the opportunity to withdraw cash from credit cards.
the staff of China unionpay 95516 customer service center said that "withdrawing cash from empty credit cards" is an illegal act, and it is hoped that cardholders will call the unionpay customer service wire to withdraw cash, and unionpay will cancel the qualification of special merchants according to the investigation.
It is understood that as early as April 26, the People's Bank of China and the China Banking Regulatory Commission issued the Notice on Issues Related to the Prevention of Credit Card Risks, which clearly stipulated that it was illegal for cardholders to withdraw cash and merchants to provide cash withdrawal services, requiring financial institutions to jointly crack down and deal with it with the departments of industry and commerce and public security.
It is understood that since January 26, the central bank has officially launched the personal credit information system. If you fail to repay the credit card within the time limit or default on the annual fee, it will be recorded in the bad credit record, and the "stain" will not be eliminated for life.