Credit card, also called credit card, is a non-cash payment method and a simple credit service.
A credit card is a credit certificate issued by a commercial bank or a credit card company to eligible consumers. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
So credit cards can only be used when spending. You can spend first and then repay, but you can't repay for other credit cards.
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It is illegal to cash a credit card.
Desperate for cash? Credit card debt can't be repaid in time? Need a lot of money but can't get a bank loan? We help you ... You can often see small advertisements offering loans in the streets. Is it really helping people in need, or is there any mystery? Dongli Branch of Tianjin Public Security Bureau recently cracked a suspected illegal business case involving more than 100 million yuan, reminding the public not to touch the legal red line.
Case 2065438+At the beginning of August 2005, Tianjin Dongli police got clues in their daily investigation and visit. Jiaxinhua Wealth Assets Co., Ltd. is located in an office building in Feng 'an Road, Dongli District, with complicated personnel entry and exit, and advertisements for small loans are often distributed around it. When investigating another malicious overdraft case, according to the suspect's confession, he used a credit card to withdraw cash from Xinhua Fortune Company. Two clues confirm each other, Xinhua Fortune city by the sea. The police decided to pursue it all the way.
The police seized the company's industrial and commercial registration, showing that the business scope is engaged in microfinance business, the legal representative is Xing Moumou, and other procedures are complete; An unannounced visit was launched afterwards. The police entered the company in the name of consulting business and found a POS machine on the desk of the company, with some credit card receipts scattered beside it. The employees of the company introduced that they could use credit cards, but they were extremely wary of strangers and refused to disclose details.
According to the POS information on the running list, the police retrieved the merchant information of the aircraft, which was displayed as Tianjin Yunduo Construction Co., Ltd. Later, it was found that the legal representative of the company was Xing Moumou and the registered address did not exist. I retrieved the credit card records of this POS machine and found that the amount of credit cards swiped every month is huge, and all of them are credit cards, ranging from two to three thousand to hundreds of thousands. The police initially concluded that this was a POS machine used for illegal cash withdrawal.
After further grasping the clues, the police arrested. 33 POS machines, 0/79 bank cards/KLOC-s, more than 2,500 POS machine receipts, blank credit card application forms and credit card cashing publicity materials were seized on the spot. After the trial, the suspect Xing Moumou confessed that Xinhua Wealth Assets Co., Ltd. was established in June 20 14 and began to operate illegal cash-out business. Let six nonexistent companies such as Tianjin Dingmao Wealth Assets Co., Ltd. publicize microfinance and credit card cashing, and charge a handling fee of 0.5%- 1%.
According to preliminary statistics, the amount of illegal business reached 654.38+0.2 billion yuan. The person involved has been criminally detained according to law.
Li Jianman, deputy director of Dongli Branch of Public Security Bureau, reminded that with the continuous innovation and upgrading of financial services, credit cards have become a necessity for people's consumption. However, credit card consumption should be done according to one's ability and used legally. Do not lend or transfer credit cards, and do not participate in illegal cashing. Credit card cashing interferes with the normal financial order and creates great risks. Not only the cardholder's information may be used by cashiers for illegal and criminal activities, but cashiers and cardholders with serious circumstances are also suspected of illegal business operations as stipulated in the criminal law.
The use of POS machines for settlement must be based on real transactions. Using POS machines to obtain bank funds violates the regulations on the use of POS machines and endangers the security of bank funds. From June, 5438 to February, 2009, the Supreme People's Court and the Supreme People's Procuratorate issued the Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, in which Article 7 stipulates that: in violation of state regulations, cash is paid directly to credit card holders by means of fictitious transactions, false pricing, cash return, etc., and if the circumstances are serious, it shall be in accordance with the provisions of Article 225 of the Criminal Law.
If the cardholder maliciously overdraws in the above way for the purpose of illegal possession and should be investigated for criminal responsibility, he shall be convicted and punished for credit card fraud in accordance with the provisions of the Criminal Law.
Baidu encyclopedia-credit card
People's Daily Online-Cash out with POS machine, suspected of illegal operation! (by case)