With the popularity of credit cards, more and more people are looking for high-value credit cards through illegal means. Among them, the use of POS machine brushing water has become a "shortcut" for many people. However, this is not only illegal, but also carries extremely high risks. This article will reveal the risks and consequences of applying for a high-value credit card through a case study.
1. The principle of high-value credit cards by POS machines.
POS machine flashing refers to the generation of bank flow records by fictitious transactions on POS machines. Some criminals take advantage of the correspondence between the bank's transaction and credit card limit to create false bank transaction records in order to improve the success rate of credit card application.
Second, the risk of applying for a high-value credit card by the POS machine.
1.Legal risks.
It is illegal to use a POS machine to brush running water. According to the Anti-Money Laundering Law of the People's Republic of China and the People's Bank of China Law of the People's Republic of China, such acts are suspected of money laundering and illegal financial activities and will be punished by law.
2.Credit Risk.
The use of POS machines to create false bank records will cause serious damage to personal credit records once discovered by the bank. In the future, when applying for loans, credit cards, or other financial services, there will be more stringent reviews and lower success rates.
3.Economic risk.
POS machines often need to bear high handling fees and interest. At the same time, if it is discovered by the bank, it may lead to the credit card being reduced, frozen, or even recovered, resulting in economic losses.
4.Security Risks.
There are risks of personal information leakage and capital security when using POS machines. Some criminals may use personal information to commit scams or other illegal activities.
3. Case analysis.
In order to apply for a high-value credit card, a man created a false bank statement record by swiping the flow of the POS machine. In a short period of time, his bank account turnover reached hundreds of thousands. However, in the end, his actions were discovered by the bank, and the credit card application was denied, while he also faced legal sanctions and financial losses. This case tells us that using a POS machine to apply for a high-value credit card is not only illegal, but also extremely risky.
4. How to avoid the risk of running a high-value credit card at the POS machine.
1.Understand laws and regulations.
Before applying for a credit card, it is important to understand the relevant laws, regulations and bank policies to ensure that your actions are legal and compliant.
2.Be a true reflection of yourself.
When applying for a credit card, you should be truthful about your income, occupation, and other circumstances, and don't make up or exaggerate the facts.
3.Choose a formal channel to apply for a credit card.
Apply for a credit card through formal channels, such as bank outlets, credit card centers, etc., to avoid financial losses caused by fraudsters.
4.Maintain a good credit history.
Maintaining a good credit history is essential for applying for a credit card. Therefore, in daily life, you should repay the loan on time, avoid overdue and other behaviors, and accumulate a good credit history.
5.Be wary of unknown POS machines.
Don't easily use an unknown POS machine to avoid getting into trouble due to the leakage of personal information and the loss of funds.
In short, it is a high-risk behavior to apply for a high-value credit card by swiping the POS machine. We should abide by laws, regulations and bank policies, choose formal channels to apply for credit cards, and maintain a good credit history. Only in this way can we avoid risks and obtain truly safe, reliable and efficient financial services.