What does the SMS reminder mean when the credit card is swiped?

First of all, you should confirm the authenticity of the short message, then check your credit card operation record to see if there are frequent consumption behaviors, or you can directly call the credit card customer service phone for consultation.

If it is normal behavior or caused by other reasons, ask the staff what the solution is.

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False credit card transaction is the behavior that the cardholder does not withdraw cash through normal legal procedures (ATM or counter), but lists the cash within the credit card limit by other means, but does not withdraw the handling fee from the bank. If false transactions are found through cash withdrawal, the bank's risk control system will control, reduce the amount or seal the card according to the seriousness of the case, and may even pursue criminal responsibility. After all, withdrawing cash is an act that disrupts the financial market and poses great risks to the normal operation of banks and financial markets.

False credit card transactions are illegal cashing, which will be banned after the bank finds out, and those involving a large amount will be investigated for criminal responsibility. If the cash amount is more than 5 million, resulting in a loss of more than 500,000 for the lending institution, or the overdue amount is more than 6,543,800+0,000, it shall be sentenced to fixed-term imprisonment of more than 5 years.

In fact, the essence of credit card is overdraft consumption, and it is impossible to withdraw cash. However, many cardholders and merchants cash in their credit cards through false transactions, such as swiping cards on POS machines with credit cards, and then asking merchants to transfer money to their bank cards, so that they can enjoy the interest-free period and meet the capital needs. There is also the practice of buying goods online and paying by credit card, and then asking merchants to transfer the money to themselves. Such behaviors are all false transactions, and to put it bluntly, they are cash.

Is it illegal to make false credit card transactions? False transactions of credit cards are illegal and easily detected by banks. Once it is detected by the bank, the bank will immediately control the risks, from reducing the amount to sealing the card, and more seriously, it will be investigated for criminal responsibility. This is not an alarmist. After all, cashing out is an act of disrupting the order of the financial market, and there are great risks.

Illegal use of credit cards. Credit cards are issued to allow cardholders to spend normally, not to make false transactions to get cash. Therefore, once the bank finds that the credit card transaction is abnormal, it can send a short message to remind it to standardize the use of the card at the first time, and it can seal the card for those who refuse to change.