Credit card cashing is illegal. If there is malicious overdraft, it is likely to be suspected of credit card fraud. Whoever commits credit card fraud in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan.

Classification of credit card cashing behavior:

1 is the personal behavior of the cardholder. Cardholders play the trick of "others spend their own cards", swipe other people's shopping accounts into their own cards to increase points, and at the same time, shoppers return the cardholders' cash, which really kills two birds with one stone for cardholders. Because many banks have launched value-added services at the same time as issuing credit cards, and carried out activities such as exchanging consumption points for gifts to stimulate people's enthusiasm for card consumption;

2. The cardholder cooperates with the merchant or some "loan companies" and "intermediary companies", and the cardholder obtains cash by paying the handling fee to the merchant. Generally, merchants' POS machines are used to make false transactions, and the amount on the credit card is removed. Merchants or "loan companies" or "intermediary companies" pay cash on the spot (cash to cardholders), and the handling fee paid by cardholders to merchants is lower than that of banks;

3. Cardholders use some websites or company services to get cash, such as Alipay or China Mobile's online shopping prepaid card service to get cash;

This is a small amount of free cash. The method is that in some shopping malls or other places where credit cards can be used for consumption, cardholders pay in cash when they check out, and cashiers collect cash first and then use their credit cards to swipe out the corresponding consumption, so as to achieve the purpose of small cash withdrawal.

To sum up, it is illegal to cash out credit cards. If there is malicious overdraft, it is likely to be suspected of credit card fraud. Whoever commits credit card fraud in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan.

Legal basis:

Article 196th of the Criminal Law of People's Republic of China (PRC)

Under any of the following circumstances, it constitutes the crime of credit card fraud, and if the amount is relatively large, it shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;

(2) Using an invalid credit card;

(3) Fraudulent use of another person's credit card;

(4) malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank.