Anyone who has used credit knows that credit cards (debit cards) can be used to withdraw cash. For example, if you apply for a credit card (debit card) with a limit of 10,000 yuan, you can basically withdraw 5,000 yuan in cash. China Merchants Bank has a card that allows you to withdraw cash at RMB 100, which has attracted many fans. In other words, the limit for applying for this is 10,000 yuan, so the cash withdrawal limit can also be 10,000 yuan.

What is cash withdrawal and what is arbitrage?

Withdrawing cash with a credit card (debit card) is different from withdrawing cash with a credit card (debit card): Withdrawing cash with a credit card (debit card) is one of the inherent functions of the credit card (debit card) itself. The cardholder You can use a credit card (debit card) to withdraw cash from the bank. Cash withdrawal by credit card (debit card) mainly includes overdraft withdrawal and overpayment withdrawal. Overdraft withdrawals require interest, and interest is calculated from the day you withdraw cash, while overdraft withdrawals do not require interest.

Credit card (debit card) fraud: It means that the cardholder does not withdraw cash through normal legal procedures (ATM or counter), but uses other means to transfer the funds within the credit limit of the card in cash. The act of making money without paying bank withdrawal fees. Regarding the credit card (debit card) fraud that has become more and more serious in recent years, the central bank stated that it is illegal to commit credit card (debit card) fraud. The central bank will also record the cardholder's fraud behavior in the personal credit system, which will directly affect their personal credit information. Credit history. If it is serious, it will affect future personal loans, applying for credit cards (debit cards), flying, taking trains, etc.

Since it is legal to withdraw cash by credit card (debit card). So why don’t people withdraw cash, but choose an illegal arbitrage behavior?

1. The fees are very different.

For example, if you also use a credit card to withdraw 10,000 yuan, if you want to withdraw cash, choose one with a lower handling fee. Yes, if you pay it back after one month, you only need to pay a handling fee of 100 yuan; if you withdraw cash from the bank, you will also be charged an interest of 150 yuan a month, and you will also be charged a handling fee of about 1 when withdrawing cash. It also costs the bank 10,000 yuan a month. , it may cost 250 yuan to withdraw from the bank, which is 250 yuan for cash withdrawal. If the cardholder uses a credit card (debit card) from China CITIC Bank or Shanghai Pudong Development Bank, a handling fee of 3 yuan will be charged, which may be It will cost 450 yuan. That is to say, when a credit card (debit card) withdraws cash from a bank, each bank charges different standards. In addition to charging a cash withdrawal fee, it also charges an interest of 0.5% per day.

However, companies on the market that provide credit card (debit card) cash withdrawal services charge a handling fee of between 1 and 2. Which one is more important or less important will be decided by the cardholder.

2. The quotas are different.

If you withdraw, you can only withdraw half. For those who have capital turnover, of course they want to use up all the money in it.

3. The pressure of repayment is low when withdrawing cash

Because cash withdrawals from credit cards (debit cards) cannot be made in installments, they must be paid off in one go as long as the repayment date is reached. This can also easily cause greater pressure, but if you use X, it can be considered as normal credit card (debit card) consumption. That is to say, the amount of cash withdrawn can be applied for bill installment to alleviate the repayment pressure.

Because of the above points, many cardholders will desperately choose illegal arbitrage rather than legal withdrawals. So how does the bank determine that you are using a credit card (debit card) to withdraw cash?

1. Max out the credit card (credit card) limit

The card is emptied every month. This frequently swipes the credit card (credit card) empty. The bank knew what was going on at a glance.

2. The number of swiping credit cards (credit cards)

The number of swiping credit cards (debit cards) is small, and the POS machines of merchants who often withdraw cash are swiped, and the people who swipe cash are There is a habitual behavior.

I often go to the same store to swipe credit cards (debit cards). To facilitate calculation, I always swipe credit cards (debit cards) in whole numbers, such as 10,000, 5,000, and 1,000. This is a complete cash withdrawal without explanation.

3. Areas where credit cards (debit cards) are swiped

Credit cards (debit cards) are swiped across many cities on the same day. A cardholder once used a small credit card machine to swipe a credit card. He just made a swipe at a local merchant in Guangzhou, and within 10 minutes he made another swipe at a merchant in Beijing. The bank will call immediately. Ask what's going on. This is definitely the rhythm of entering a small dark room.

I have to remind you here. Try to make the best use of the card and avoid using it as much as possible.