Credit card cash out is discovered: Once the bank confirms that the cardholder has cashed out, it will generally reduce the credit limit, freeze the credit card, or even cancel the card. What is more serious is that if the cash is malicious and it is deemed For illegal acts, cardholders will face criminal liability.

Credit card cash out:

1. The so-called credit card cash out generally means that the credit card holder does not withdraw cash through the bank, but colludes with the merchant and uses the merchant's POS machine. False high-value consumption, fictitious transactions, and the act of obtaining cash after paying so-called handling fees.

2. Generally speaking, many banks' credit cards have limits on the amount of cash withdrawals through ATM machines or bank counters. The maximum amount of cash withdrawals for most credit cards can only be 50% of the total amount. For example, if the credit limit of a credit card is 10,000 yuan, you can only withdraw up to 5,000 yuan in cash through the bank. However, if the cardholder urgently needs 10,000 yuan in cash, withdrawing cash through the bank is far from meeting the need. He has to choose to collude with the merchant and use false transactions to obtain enough cash.

If it is a malicious cash-out, it will result in the card being blocked or the credit limit reduced. As long as the repayments are good, the credit report will generally not be affected.