What Is a Credit Card Chargeback?

Credit card cashing means that the cardholder does not withdraw cash through normal legal procedures (ATM or counter), but uses other means to cash out the funds in the credit limit of the card without paying bank cash withdrawal fees.

Credit card cash

Credit card cashing means

ICBC Credit Card Cash Handling Fee

Local Bank: Free

Local inter-row: 2 yuan / stroke

Banks in different places: 1% of the cash amount, minimum RMB 1 per transaction, maximum 50 RMB per transaction

Inter-bank transfer: take 1% of the cash amount, minimum RMB 1 per transaction, maximum 50 RMB per transaction, plus an inter-bank transaction fee of RMB 2 per transaction

Agricultural Bank Credit Card Cash Handling Fee

Domestic Bank: 1% of the cash amount, minimum RMB 1 per transaction

Other domestic banks: 1% of cash amount + 2 yuan, minimum RMB 3 per transaction

Overseas (UnionPay Network): 1% of cash amount + 12 yuan

Overseas (non-bank network): 3% of the cash amount, minimum 3 USD / transaction (or other foreign currency equivalent)

CCB Credit Card Cash Handling Fee

Domestic: 1% of cash withdrawal, minimum RMB 2 per transaction, maximum 100 RMB per transaction

Overseas (UnionPay Network): 1% of cash amount + 12 yuan, minimum RMB 14 per transaction

Overseas (non-bank network): 3% of the cash amount, min. 3 USD / pen (Europe Travel Card: 3 EUR / pen)

Bank of China Credit Card Cash Handling Fee

1. Great Wall Global Connect series products (cash withdrawal)

Local Bank: Free

Banks in different places: 1% of the cash amount, minimum RMB 10 per transaction, maximum 50 RMB per transaction

Overseas (the Bank or non-UnionPay institutions): 3% of the cash amount, min. 3.5 USD / pen or 500 yen / pen

2. Great Wall Global Connect products (self-service terminal cash withdrawal)

Local Bank: Free

Banks in different places: RMB 10 per transaction

Local interbank: RMB 4 per transaction

Inter-bank transfer: RMB 12 per transaction

Overseas (the Bank or non-UnionPay institutions): 3% of the cash amount, min. 3.5 USD / pen or 500 yen / pen

Overseas (UnionPay): RMB 15 per transaction

3. BOC Series Products (Cash Withdrawal)

Domestic Bank: 1% of the cash amount, minimum RMB 10 per transaction

Overseas (the Bank or non-UnionPay institutions): 3% of the cash amount, min. 3.5 USD / pen or 500 yen / pen

4. BOC series products (cash withdrawal from self-service terminals)

Domestic Bank: 1% of cash withdrawal, minimum RMB 8 per transaction

Domestic inter-bank: 1% of cash withdrawal, minimum RMB 12 per transaction

Overseas (the Bank or non-UnionPay institutions): 3% of the cash amount, min. 3.5 USD / pen or 500 yen / pen

Overseas (UnionPay): 1% of cash amount, minimum RMB 15 per transaction

Bank of Communications Credit Card Cash Handling Fee

Domestic Bank: 1% of the cash amount, minimum RMB 10 per transaction

Other domestic banks: 1% of the cash amount, with a minimum of RMB 10 per transaction; plus an inter-bank handling fee of 2 yuan each

Overseas (UnionPay Network): 1% of cash amount + 12 yuan, minimum RMB 15 per transaction

Overseas (non-bank network): 1% of the cash amount, minimum USD 5

China CITIC Bank Credit Card Cash Handling Fee

Domestic: charged at 2% of the cash withdrawal amount, minimum RMB 20 per transaction

Overseas: Charged at 3% of the cash withdrawal amount, minimum USD 3 or HKD 30 or EUR 3 per transaction

Note: Except for products with special cash withdrawal fees, such as Southern Fund Card, Tuzki Card and Blue Card.

Everbright Bank Credit Card Cash Handling Fee

Domestic (RMB): 1% of the cash amount, minimum RMB 3 per transaction, maximum 200 RMB per transaction

Domestic (USD): 1% of the cash amount, minimum USD 3 per transaction, maximum USD 30 per transaction

Overseas (UnionPay Network): 1% of cash amount, minimum RMB 15 per transaction

Overseas (JCB network): 1.5% of cash withdrawal, minimum USD 3 per transaction, maximum USD 30 per transaction

Overseas (MasterCard, Visa): 1% of the cash amount, minimum USD 3 / transaction, maximum USD 30 / transaction

Minsheng Bank Credit Card Cash Handling Fee

Domestic Bank: 0.5% of cash withdrawal, minimum RMB 1 per transaction

Others in China: Take 1% of the cash amount, minimum RMB 1 per transaction

Foreign cash advance: 3% of the cash amount, minimum of USD 3 or EUR 2 or GBP 2 or AUD 4 or CAD 4 or 300 per transaction

China Merchants Bank Credit Card Cash Handling Fee

Domestic: 1% of the cash amount, minimum RMB 10 per transaction

Overseas: 3% of the cash amount, with a minimum of RMB 30 per transaction or USD 3 per transaction (American Express Card: USD 5 per transaction)

GF Bank Credit Card Cash Handling Fee

Domestic (RMB card, dual currency card): 2.5% of cash withdrawal amount; minimum RMB 10 per transaction

Domestic (USD card, HKD card): 2.5% of cash withdrawal

Overseas (RMB card): 3% of the cash amount, minimum RMB 15 per transaction

Overseas (USD card): 3% of the cash amount, minimum USD 5 per transaction

Overseas (HKD card): 3% of the cash amount, minimum 40 HKD / transaction

Overseas (Dual Currency Card): 3% of the cash amount, minimum RMB 15 per transaction or USD 3 per transaction

Shenfa Bank Credit Card Cash Handling Fee

1. Develop handling fees for credit card withdrawals

Domestic: 2.5% of cash withdrawal, minimum RMB 25 per transaction

Overseas: RMB 40 per transaction

2. Develop international cash withdrawal fee

Domestic and overseas: 3% of cash withdrawal, minimum USD 3 /

3. Platinum card, retail card withdrawal fee

Domestic: 2.5% of cash withdrawal, minimum RMB 25 per transaction

Overseas (UnionPay Network): RMB 40 per transaction

Overseas (VISA network): 3% of the cash amount, minimum USD 5 per transaction

SPDB Credit Card Cash Handling Fee

Domestic: 3% of cash withdrawal, minimum RMB 30 per transaction

Overseas: 3% of cash withdrawal, minimum USD 3

Industrial Bank Credit Card Cash Handling Fee

Withdraw 2% of the cash amount, minimum RMB 20 / pen or 2 USD / pen (regardless of different cities and places)

Shanghai Bank Credit Card Cash Handling Fee

Domestic Bank: 2% of the cash amount, minimum RMB 30 per transaction or USD 4 per transaction

Other domestic ATMs (same city): RMB 2 per transaction

Other domestic ATM machines (off-site): 1% of cash amount + 2 yuan; minimum RMB 3 per transaction, maximum 52 per transaction

Overseas: 1% of cash withdrawal, minimum USD 2 per transaction

Bank of Beijing Credit Card Cash Handling Fee

Domestic: 1% of the cash amount, minimum RMB 10 per transaction

Overseas: 1% of the cash amount, minimum RMB 10 per transaction or USD 2 per transaction

Bank of Ningbo Credit Card Cash Handling Fee

Domestic: 2% of cash withdrawal (commercial card: 0.5%), minimum RMB 20 per transaction

Overseas (MasterCard counter): 3% of the cash amount, with a minimum of $ 10 per transaction

Overseas (MasterCard ATM): 2% of the cash amount, minimum 3 USD per transaction

Hong Kong, Macau and overseas (UnionPay ATM): RMB 15 per transaction ^[4]

First, credit cards

1. Commercial banks should strengthen credit card business risk management from four aspects

1. Reorganize the division of responsibilities of the current credit card business line to achieve up-down linkage. At the head office level of each bank. Should target

About "Credit Cards

Suspect of credit card scam existing credit card, credit card is essentially a small amount

Credit card cash, banks are also responsible

credit card

To be included in the personal credit information system

The central bank's Shanghai headquarters pointed out that the current practice of credit card sleeves is to illegally circumvent the higher cash withdrawal costs set by the banks, which has crossed the bank's precautionary threshold. Once the cardholder is unable to repay the cash amount, the bank loses not only interest, but also may form bad assets, which brings huge risks to the bank and seriously damages the interests of the card-issuing bank. In addition, some credit card sleeves are currently likely to harm the interests of cardholders of stolen information, which has led to public concerns about the security of credit cards and even the Chinese banking system. It may also facilitate illegal activities such as "money laundering" and become a breeding bank The hotbed of card crimes seriously disrupts China's financial order.

In 2006, the People's Bank of China and the China Banking Regulatory Commission jointly issued the "Notice on Preventing Credit Card Risks", which clarified a number of measures to prevent and combat illegal acts such as credit card cashing. At present, China UnionPay has established a "risk information sharing system", and commercial banks have also established their own risk monitoring systems, which has greatly improved the ability to identify and control cardholders' cash-out risks. Once the card issuer finds that there is a credit card with a current behavior, it will immediately take payment stop measures and report the cardholder information to China UnionPay to realize the sharing of bad cardholder information.

In addition, the central bank's Shanghai headquarters revealed that the People s Bank of China is studying the issue of cardholders current crediting to the Personal Credit Information Basic Database . Bad behaviors of cardholders illegal cashing may be recorded in the personal credit reporting system, which will directly affect Its personal credit report. "Once the cardholder's suit is found and listed in the" blacklist "of the credit report, it will seriously affect its credit history and will bear the legal risk of lack of personal credit. It will also be very difficult to borrow funds from banks in the future." Relevant sources said.

In addition to incorporating the negative information of merchants and cardholders involved in credit card cash into the corporate and personal credit information database, the central bank's Shanghai headquarters also said that in the next stage, it will cooperate with relevant units to further crack down on bank card cash and other illegal activities, including strict investigation of illegal cash Advertising, "empty shell" company registration, etc .; establishment of bank card case information release mechanism, etc.