In this era of early consumption, more and more young people habitually use credit cards to spend money, and some even apply for multiple credit cards. When they are temporarily unable to repay, they will choose to use this credit card to return another one. What if they apply for more credit cards and repay each other?

First of all, we should know that credit cards cannot be used directly for repayment. If you want to repay the debt of another credit card with the credit card limit, you can only withdraw it. But there is no interest-free period for credit card withdrawal. From the date of withdrawal, the bank will calculate the withdrawal interest according to the daily interest rate of 0.05%, and a certain handling fee will be paid for withdrawal. In addition, the withdrawal cannot be repaid in installments, and the user must pay off all the withdrawal amount within the specified time.

It can be seen that the cost of repayment in this way is relatively high, and the risk of overdue is relatively large. Once there is an inability to repay, it may be overdue. Overdue credit cards will not only generate overdue fees, but also affect personal credit information.

In addition, some people may cash out the credit card limit through some channels and then use it to repay the debt of another credit card. Although this method does not require interest, it usually requires a certain service fee to find someone else to help cash out. Most importantly, cashing out does not meet the bank's regulations. Once the bank discovers that the credit card user has cashed out, it will take certain measures against the cardholder, such as reducing the credit card limit, freezing the credit card account, and even suing the cardholder for legal responsibility.

For credit card users, this way of returning cards with cards will not reduce the repayment pressure of cardholders. On the contrary, it will make credit card users owe more and more money, and it is easy for cardholders to develop bad consumption habits. Once the consumption exceeds one's economic strength, a debt crisis may occur.

In fact, the more credit cards, the better. Generally speaking, holding 2-3 credit cards is enough. If there are too many credit cards in hand, it is not conducive to management. If you are not careful, you may be overdue because of the annual credit card fee. Therefore, I suggest that you apply for a credit card according to your actual needs.

Generally speaking, it is not advisable to pay credit cards by card. I advise you not to do this. In addition, remind all card friends that they should pay attention to develop good card habits in the process of using credit cards at ordinary times, and don't overdraw or cash out, so as not to cause unnecessary trouble to themselves.