I can't figure out how those who use credit cards to raise their cards live.

as a senior card user, I'll tell you how to live. Usually, there are two kinds of people who use cards to raise cards: one is people who make money with cards, and they usually spend a certain amount of money to invest to earn income, exchange points for income, and earn income by helping others return cards to raise cards. The other is that there is no money to pay back, so they can only return credit cards back and forth, and return them to each other. Generally, they have several cards, some have someone to swipe them (paying a relatively high handling fee), and some have their own pos machines, and then they will get the money from card A out and return it on the repayment date of card B, and then they will return it from card C to card D, and card D to card A.

Let's not talk about the first one above, but let's talk about the second one. I have a friend whose elder sister is a typical card-raising professional household, which belongs to the second one I mentioned just now. The couple didn't have a formal job because of their good credit. They applied for several large credit cards and paid them back and forth. In the past few years, their life was really good, and they spent a lot of money on credit cards, but now their life is very frugal, and they are very nervous every month until the repayment date. My parents' pension is basically gone, and a house left at home has also been sold. Now I rent a house. This is a living example of raising cards with cards. In particular, people who have no source of income who use credit cards to raise their cards are looking for their own punishment, and they may also be sued later.

Credit cards are really convenient. It's easy to apply for approval, and you can get points and exchange things. However, as an experienced person, I still don't recommend you to use credit cards unless you are self-disciplined and can control yourself not to spend in advance and repay in time. I've seen many people who support loans with loans and cards with cards, and the final outcome is not very good. You still have to spend money that you can afford, and don't spend money that you shouldn't spend, otherwise you will be very uncomfortable later.

There are many things that you can't figure out. Even if you live for 1, years, you can't figure out many things.

Is it illegal to raise a credit card?

The behavior of "raising a card" is an illegal activity and may even constitute a crime. Raising a card means that after the credit card is overdrawn and a certain handling fee is paid, the "cardholder" pays the overdraft fee first and uses the credit card to make false consumption on the self-provided POS machine. Under normal circumstances, the principle of keeping a card by card is to stagger the repayment dates of several credit cards. Before the repayment period, the first credit card is used for daily consumption, and the second credit card is used for overdraft, and the debt of the first credit card is also paid. And so on, several credit cards are overdrawn in turn. Raising cards is an illegal activity and may even constitute a crime. Cardholders who "support their cards with cards" are only confused by the cash flow that comes at once, but ignore the subsequent cyclic interest and the penalty interest for late fees that may arise. Because of the arrears, they become the guests of the bank's credit blacklist, so the cardholders are not worth the loss, but also face the risk of credit crisis and serious suspicion. It is very undesirable to raise cards by card. At present, a considerable number of cardholders can't make rational consumption, and because of the relaxation of bidding conditions, some cardholders don't even consider their repayment ability at all, but just blindly apply for cards when they see the immediate interests, which will lay a lot of hidden dangers for the future. Measures for the Administration of Credit Card Business Article 66 If a cardholder withdraws cash in violation of the provisions of these measures, he shall be fined 3% to 5% of the amount of cash withdrawn. Measures for the Administration of Credit Card Business Article 67 If a cardholder, in violation of the provisions of these measures, rents or lends a credit card and its account, he shall be ordered to make corrections, and a fine of 5% but not less than 1, yuan shall be imposed on the amount of money leased or lent according to the account, and his illegal income shall be confiscated.

what are the risks of giving someone a credit card?

1. Although it seems that the repayment is made by cashing in between two credit cards or multiple credit cards, the total amount owed remains unchanged, but in fact, the cost is increasing. It's good that credit cards have an interest-free period, but the credit card consumption banks of pos machines need to be divided into them, that is to say, 1 yuan is swiped, but it's not 1 yuan that finally gets the account, which is lower than 1 yuan, so the total amount owed is accumulated again and again.

2. Besides, it is impossible for people to stop using credit cards completely in the future, and continue to use them, and the debts of credit cards are constantly superimposed, which will eventually lead to more and more debts that cannot be repaid.

3. It is illegal and criminal to cash out by using pos machines.

Extended information

1. Inability to repay, serious overdue

It is a desperate act to set up a credit card, and it is easy for cardholders to over-swipe their cards by relying on multiple credit cards in their hands. In addition, late repayment may also occur in the process of brushing, resulting in overdue credit cards, resulting in interest and other expenses. Too many credit cards are oversubscribed, and once the funds in the cardholder's hands are broken, it may cause a debt crisis.

2. Multiple credit cards are detrimental to credit reporting

Information such as how many credit cards have been issued and which bank's credit cards are issued will be recorded in the cardholder's personal credit reporting system, and banks can check each other. Too many cards in the credit record will "spend" your personal letter.

3. In addition, multiple credit cards are inconvenient to manage, and it is easy to bear the annual fee because they do not meet the conditions of annual fee exemption, or they are overdue because they forget to repay.

4. Credit card cashing implies legal risks

The process of raising a credit card is bound to be accompanied by cashing, and cashing a credit card is illegal. Once it is recognized by a bank, it is likely to be investigated for legal responsibility, ranging from fines for card cancellation to criminal responsibility.

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What does it mean to raise a card?

question 1: what does it mean to raise a credit card? Raising a card means that after a credit card is overdrawn, after paying a certain handling fee, the "cardholder" pays the overdraft fee first, and uses the credit card to make a false consumption on the self-provided POS machine.

"card-raising" is popular among urban white-collar workers, mainly by asking others to pay the handling fee to advance the overdraft fee of credit card, and then making false consumption, so as to ensure that the credit will not be damaged. Bankers have warned that "card raising" can easily lead to the leakage of credit card information, which is used by criminals to make profits, and "card raising" is actually a cash-out behavior and is prohibited by law.

question 2: what do you mean by keeping a credit card? The so-called "keeping a card" means that the "keeping a card" company will first repay the debt for the cardholder with its own cash, so that the credit card will show normal repayment, and then "set" the corresponding amount of cash on the card by swiping the POS machine and other false consumption methods. In this way, the cardholder's credit history will be normal, and the cash will be transferred to the "card-raising" company. If this cycle continues, the cardholder can delay paying back the money to the bank for several months and will not generate overdue interest. The "card-raising" company will charge a certain percentage of handling fee. In the final analysis, the "card-raising" company is to use the interest-free period of the bank to set out the bank's money for lending.

The personal economic risk has risen to legal risk by providing credit card holders with "card support" services directly in the form of false transactions.

How to raise a card

Cardholders only need to bring their ID cards, bills and credit cards. The bank doesn't know that the card-raising company repays for you, but it only shows that your credit card is in good credit. Moreover, in the process of' card-raising', the company can also help you increase the number of swipes, and the bank will continue to increase your credit limit and points.

Source of profit

Generally, the handling fee charged by UnionPay is between .8% and 1.5%. In order to obtain higher profits, professional card holders generally use POS machines with the handling fee capped in 2 yuan. In this way, the handling fee of 25 yuan will be charged on behalf of 1, yuan, excluding the cost of 2 yuan, and the net profit will be 23 yuan.

hidden dangers

raising a card is very risky. As long as the card-raising company knows the cardholder's credit card, password, copy of ID card, statement and other important information, it is easy to overdraw again after repayment, and may even go to other banks to impersonate a new card and maliciously overdraw, which will damage the cardholder's property.

The relevant person in charge of Jiangsu Banking Regulatory Bureau said that it is not excluded that some people will use their money for high-risk industries such as stock trading, investment and lending after cashing out by "card-raising companies". Once their capital chain breaks, cardholders will face huge debts, which will bring greater risks to the financial security of banks. The Notice of the People's Bank of China and the China Banking Regulatory Commission on Issues Related to the Prevention of Credit Card Risks clearly stipulates that it is illegal for cardholders to cash out and merchants to provide cash-out services. Financial institutions need to unite with industry and commerce, public security and other departments to form a joint force to further crack down on the underground "card-raising" behavior

Question 3: What does everyone mean by using credit cards to raise cards? How to raise it? 5 points is the right time to rob Peter to pay Paul

Under normal circumstances, the principle of keeping a card by card is to stagger the repayment dates of several credit cards, use the first credit card for daily consumption, use the second credit card to withdraw cash before the repayment period, and pay off the debts of the first credit card, and so on, and several credit cards are overdrawn in turn.

Question 4: What does it mean to raise a credit card? The main purpose of raising a credit card is to improve the credit limit, so that more credit can be used when you need money urgently in the later period!

question 5: what's the matter of raising a card? The so-called "raising a card" means that the "raising a card" company first pays back the arrears for the cardholder with its own cash, so that the credit card shows normal repayment, and then "sets" the corresponding amount of cash on the card by swiping the POS machine and other false consumption methods. In this way, the cardholder's credit history will be normal, and the cash will be transferred to the "card-raising" company. If this cycle continues, the cardholder can delay paying back the money to the bank for several months and will not generate overdue interest. The "card-raising" company will charge a certain percentage of handling fee. In the final analysis, the "card-raising" company is to use the interest-free period of the bank to set out the bank's money for lending.

The personal economic risk has risen to legal risk by providing credit card holders with "card support" services directly in the form of false transactions.

How to raise a card

Cardholders only need to bring their ID cards, bills and credit cards. The bank doesn't know that the card-raising company repays for you, but it only shows that your credit card is in good credit. Moreover, in the process of' card-raising', the company can also help you increase the number of swipes, and the bank will continue to increase your credit limit and points.

Question 6: What is the meaning of mobile card raising? 1. Mobile card raising means that the mobile company issues the card selling index to the cooperative store, and when the store can't complete the task, the mobile company will buy and raise these cards by itself.

2. Mobile companies directly insert uncut SIM cards into devices with dozens or hundreds of card slots, and then automatically activate them, and can call each other, send short messages to each other, and order services. The information reflected in the mobile background is that these cards have been sold and are in use.

3. Mobile card maintenance is actually the illusion that mobile "creates" performance growth.

Question 7: What does it mean to raise a card? The so-called "raising a card" means that the company will pay back the arrears for the cardholder with its own cash, so that the credit card will show normal repayment, and then "set" the corresponding amount of cash on the card by swiping the POS machine and other false consumption methods. In this way, the cardholder's credit history will be normal, and the cash will be transferred to the "card-raising" company. If this cycle continues, the cardholder can delay paying back the money to the bank for several months and will not generate overdue interest. The "card-raising" company will charge a certain percentage of handling fee. In the final analysis, the "card-raising" company is to use the interest-free period of the bank to set out the bank's money for lending.

The personal economic risk has risen to legal risk by providing credit card holders with "card support" services directly in the form of false transactions.

How to raise a card

Cardholders only need to bring their ID cards, bills and credit cards. The bank doesn't know that the card-raising company repays for you, but it only shows that your credit card is in good credit. Moreover, in the process of' card-raising', the company can also help you increase the number of swipes, and the bank will continue to increase your credit limit and points.

Source of profit

Generally, the handling fee charged by UnionPay is between .8% and 1.5%. In order to obtain higher profits, professional card holders generally use POS machines with the handling fee capped in 2 yuan. In this way, the handling fee of 25 yuan will be charged on behalf of 1, yuan, excluding the cost of 2 yuan, and the net profit will be 23 yuan.

hidden dangers

raising a card is very risky. As long as the card-raising company knows the cardholder's credit card, password, copy of ID card, statement and other important information, it is easy to overdraw again after repayment, and may even go to other banks to impersonate a new card and maliciously overdraw, which will damage the cardholder's property.

The relevant person in charge of Jiangsu Banking Regulatory Bureau said that it is not excluded that some people will use their money for high-risk industries such as stock trading, investment and lending after cashing out by "card-raising companies". Once their capital chain breaks, cardholders will face huge debts, which will bring greater risks to the financial security of banks. The Notice of the People's Bank of China and the China Banking Regulatory Commission on Issues Related to the Prevention of Credit Card Risks clearly stipulates that it is illegal for cardholders to cash out and merchants to provide cash-out services. Financial institutions need to unite with industry and commerce, public security and other departments to form a joint force to further crack down on the underground "card-raising" behavior

Question 8: What is the meaning of credit card-raising? It means that you can't pay off the money you owe by swiping the card for a while, so you can ask the card-raising professionals to help you drag on the time, that is, they will go in and cash it out so as not to produce bad records! There is also a kind of card-raising, which refers to using a special mobile commerce POS machine to cash your credit card, so that the consumer bank will give you a quota! Hope to adopt!

Question 9: What's the difference between raising a card by others and raising a card by yourself? What is "raising a card"?

because there is a group of people who can't repay the overdraft of credit cards in society, a group of "cardholders" have emerged to relieve the repayment period of credit cards for others and withdraw the corresponding handling fees. In the agreed period, the cardholders will pay off the credit card debts in cash first, so that the credit cards can show normal repayment. This group of "professional card owners" or "card companies" not only use POS machines to help others withdraw cash, but also help "borrowers" repay money before the end of the interest-free period of credit cards, and then realize cash withdrawal again. The one-stop service is completely similar to "loan banks".

"In fact, the cashing behavior of' professional card keeper' not only faces great legal risks, but also is likely to be' black-eaten'. If the cardholder reports the loss of the card immediately after the cardholder deposits, the cardholder may suffer property losses if he cannot brush back the money. " Tang Bin, the police chief of Qianqiao Police Station, said that for cardholders, they need to provide their credit cards and personal information while looking for a "professional cardholder" to handle business, and it is very likely that their credit cards will be stolen by the other party through cards or other means.

What does it mean to raise a card with a card?

Question 1: What does it mean to raise a card with a credit card? Raising a card means that after the credit card is overdrawn, after paying a certain handling fee, the "cardholder" pays the overdraft fee in advance and uses the credit card to make false consumption on the self-provided POS machine.

"card-raising" is popular among urban white-collar workers, mainly by asking others to pay the handling fee to advance the overdraft fee of credit card, and then making false consumption, so as to ensure that the credit will not be damaged. Bankers have warned that "card-raising" can easily lead to credit card information leakage and be used by criminals for profit, and "card-raising" is actually a set of practices.