What does credit card mean to repay for many people?

It refers to the way that the cardholder chooses to entrust others (individuals or some intermediaries) to repay on his behalf when the final repayment date of the credit card expires, and the minimum repayment has to pay high interest. After that, the cardholder will brush out the repayment amount in the form of credit card consumption and return the funds to the repayment helper.

Is it a crime to return the credit card?

1. According to the current credit card regulations of major banks, as long as the customer repays, that is, as long as the customer's card is normal, the credit card limit will be restored. 2. The repayment agency can pay back the credit card money on my behalf, and you can brush it out immediately. 3. In this way, I have not only repayment records, but also consumption records, plus some small consumption, which can increase your credit limit more quickly. And you can enjoy the interest-free period forever. Credit card repayment is essentially like credit card cashing. Because credit card repayment belongs to this gray area now, laws and regulations do not clearly stipulate that credit card repayment is illegal.

What are the risks of credit card repayment?

1, 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. 2. 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, which made it difficult to effectively curb the spread of cash-out behavior from the source. According to statistics, in 2009, China UnionPay alone helped to confirm nearly 30,000 cash-out cases, amounting to several billion yuan. 3. The Interpretation 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 introduction of this judicial interpretation has filled the gap in the legal provisions of credit card cashing, and will also deal a heavy blow to the increasingly rampant credit card cashing behavior.