Beware of credit card limit increase scams! 12 people were defrauded of RMB 130,000 in urgent withdrawal of credit card limit

There are small advertisements for credit card limit increase in the circle of friends every day. Such an obvious credit card limit increase fraud method has 12 fish taking the bait, and 130,000 yuan has been transferred to the scammer. The tuition fee can be huge. Come on, no one can make such a mistake again!

To talk about why the credit card limit increase scam successfully defrauded 130,000 yuan, we have to start with why the bank increases the credit card limit. When a bank raises a credit card limit, it is either because the consumer demand has increased recently and the credit is good, or the personal assets in one's name are substantial. Scammers take advantage of this to cheat. Let’s take a look at the scammers’ tactics.

In July 2018, Wang packaged himself as a staff member of a financial company and said to the victim Hu who wanted to raise his credit limit: "Your credit card must be handed over to our company, and we will give it to you." Use turnover, transfer the money out and then deposit it, and the turnover will increase one by one to increase your limit."

Seeing that Wang was very professional, Hu gave the Minsheng Bank credit card and password. Wang gave Wang his China Construction Bank credit card and password in August. Because the two credit card transactions were steadily accumulating, in mid-October, Hu told Wang his CITIC Bank credit card and password.

After Wang took away three credit cards, he first withdrew the credit limit from the card, and then paid back part of the withdrawn amount, creating the illusion that he had been helping Hu with his turnover. In fact, the three cards contained Money is getting less and less. In the end, Hu owed 35,000 yuan on three credit cards and failed to pay it back, causing it to be overdue.

Police investigation found that Wang pretended to be a staff member of a financial company, overdrafted other people's credit cards and charged "related handling fees" for fictitious purposes such as applying for credit cards, loans, and increasing credit card limits, and defrauded 12 victims. The total amount of money was more than 131,000 yuan, which constituted the crime of credit card fraud and fraud.

So, be careful about the professional people around you who raise your credit limit. They are either scammers or unscrupulous intermediaries. Credit cards have never been used to falsely raise your credit card limit or use bad accounts. Don’t be fooled by other people’s rhetoric.