What do you mean by credit card replacement?

Credit card repayment, also known as credit card repayment, generally means that credit card users can't pay off all the money in the current month and want to repay in full to get interest-free or points. Or the user is unable to repay, and delays the repayment time by paying the prepayment fee every month. The specific process of credit card repayment is: the payer takes your credit card and goes to the repayment bank first. Wait about ten minutes after paying back the money, and then cash out all the money just paid back on his POS machine. The credit card holder pays the handling fee (65438+ 0%-3% of the repayment amount) to the repayment agent, and the bank determines that the credit card user has fully repaid and spent. Interest-free and send the next bill. Due to bank regulations, credit cards cannot be delayed for one day. Otherwise, it will be overdue, and late fees and interest will be charged. You can't just pay interest, you must also pay the minimum repayment amount, otherwise it will be overdue and there will be phone calls from bank personnel. When credit card users can't pay the minimum repayment amount in a short time, or can pay the minimum repayment amount, but don't want to pay high interest, they will generally choose credit card repayment.

Credit card pad or something

Credit card pad is also called credit card repayment, which generally means that credit card users can't pay off all the money in the current month and want to repay in full to get interest-free or points. Or the user is unable to repay, and delays the repayment time by paying the prepayment fee every month.

Credit card repayment process:

The specific process of credit card repayment is: the payer takes your credit card and goes to the repayment bank first. Wait about ten minutes after paying back the money, and then cash out all the money just paid back on his POS machine. The credit card holder pays the handling fee (65438+ 0%-3% of the repayment amount) to the repayment agent, and the bank determines that the credit card user has fully repaid and spent. Interest-free and send the next bill

Extended data

It is not illegal to repay on behalf of others. However, the credit card pad also involves repayment, which is brushed out in the form of cash. However, in the recently issued Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, it is clearly stipulated that cashing out is illegal.

The Interpretation also stipulates: "In violation of state regulations, cash is paid directly to credit card holders by means of fictitious transactions, false pricing, cash return, etc. by means of point-of-sale terminal equipment (POS machines). If the circumstances are serious, it shall be punished for the crime of illegal business operation in accordance with the provisions of Article 225 of the Criminal Law. "

The essential feature of credit card cashing is to directly convert the credit limit in credit card into cashing through deception. Cash-out funds are out of the normal credit management channels of banks and the management sight and control of regulatory authorities, which seriously undermines the management order of China's financial market and lays an unstable factor for the overall financial order of the country.

Punishment:

The essential feature of credit card cashing is to convert the credit limit of credit card into cashing by deception. Cash-out merchants collude with cardholders to make false transactions with credit cards, which is actually an act of disturbing and violating financial order.

Previously, due to the lack of a clear legal basis, the relevant departments could only take back POS machines, stop trading and other soft penalties for cash-out businesses, making it difficult to effectively curb the spread of cash-out from the source.