"Having millions of credit card points", "Selling credit card points alone earns hundreds of thousands a year" and "staying in five-star hotels at home and abroad doesn't cost a penny" ... In credit card forums or exchange groups, there are often some "great gods" swaggering between cities. In fact, these so-called "great gods" are probably the "professional wool party" or even the "sheep head" in the credit card circle.

Bankers said that cashing and arbitrage are the usual means of making money for these "professional wool parties". Cash-out refers to the withdrawal of credit card consumption quota in cash through false transactions for other purposes, and at the same time obtain corresponding credit card consumption points. Arbitrage is to convert the huge points obtained from cash transactions into air miles, hotel rights and interests, physical goods and so on. According to the points feedback plan of the issuing bank, then sell it for profit, or sell it directly to the "yellow cattle" for profit.

For banks, it is understandable for cardholders to participate in the preferential promotion activities carried out by banks and "win points" normally, and then convert points into various rights and interests. But the "professional wool party" is different. They often get points through false transactions and other behaviors, and the amount is huge. In particular, some "sheep heads" were named "DLB" by the "sheepfold" to show the cruelty of "rolling wool". With the emergence of various credit card cashing and swiping software, the current "professional wool party" is not just a few people and small organizations, but gradually develops in the direction of specialization and scale, forming a gray industrial chain. As a result, the feedback and marketing investment provided by the bank to the majority of cardholders were intercepted by the "professional wool party", which damaged the interests of the majority of cardholders and disrupted the normal financial order. Source: Xinhuanet