Banks issue credit cards to allow cardholders to make overdraft purchases. However, many cardholders use credit cards to conduct false transactions to obtain cash. Although they can meet their own financial needs, the essence of false credit card transactions is to cash out. So, is it illegal to make false credit card transactions? Let’s find out together below.

1. Is it illegal to make false credit card transactions? False credit card transactions are a behavior in which the cardholder does not withdraw cash through normal legal procedures (ATM or counter), but uses other means to withdraw cash from the credit card limit without charging the bank for cash withdrawals. And we all know that cashing out on credit cards will disrupt the financial order and pose a great risk to the normal operation of banks and financial markets, so it is illegal. Once you are caught using a credit card to make false transactions, you will have to pay a price, and in serious cases you will be held criminally responsible.

2. What is the crime of false credit card transactions? This should be distinguished according to the POS owner and cardholder. According to the relevant provisions of the "Interpretations of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Obstructing the Management of Credit Cards", POS owners will be convicted and punished for illegal business operations, while credit card holders will be Punishment for the crime of credit card fraud is as follows: 1) Article 7 of the Interpretation of Illegal Business Crimes: Violating national regulations, using point-of-sale terminal machines (POS machines) and other methods to conduct fictitious transactions, false prices, cash returns, etc. If the circumstances are serious, the person shall be convicted and punished for the crime of illegal business operations in accordance with the provisions of Article 225 of the Criminal Law. 2) Credit card fraud: A cardholder who maliciously overdrafts through a POS machine for the purpose of illegal possession will be convicted and punished for credit card fraud in accordance with the provisions of Article 196 of the Criminal Law. The above is the relevant introduction to "Is it illegal to make false credit card transactions?" I hope it will be helpful to everyone. All in all, false credit card transactions are actually cash out. This is an illegal and criminal act. Once found out, you will be held criminally responsible. Please do not take it personally.