1. Although it seems that the total amount of arrears remains unchanged through mutual cash-out and repayment between two credit cards or multiple credit cards, in fact the fees are constantly increasing. It is good that credit cards have an interest-free period, but the consumer bank needs to take a share of the credit card swiped at the POS machine. That is to say, if you swipe 100 yuan, the final amount received is not 100 yuan, but is less than 100 yuan, so you are owed The total amount is continuously accumulated and superimposed.

2. Moreover, it is impossible for everyone to completely stop using credit cards for consumption in the future. With continuous use, credit card debts will continue to accumulate, which will eventually lead to more and more debts that cannot be repaid.

3. Using POS machines to cash out is itself an illegal and criminal act. Extended information

1. Inability to repay, serious overdue payment

The use of credit cards is a desperate act. Cardholders can easily use multiple credit cards in their hands to overuse their cards. . In addition, during the process of swiping, late repayment may occur, causing the credit card to become overdue, resulting in interest and other charges. If there are too many credit cards, once the funds in the hands of the cardholder are broken, it may cause a debt crisis. ?

2. Multiple credit cards will damage your credit report

How many credit cards you have applied for, and which bank credit cards you have applied for, etc. will be recorded in the cardholder’s personal credit report. In the system, banks can view each other. Too many card holders in your credit report will "spoil" your personal credit report.

3. In addition, it is inconvenient to manage multiple credit cards. It is easy to bear annual fees because you do not meet the conditions for annual fee exemption or to overdue due to forgetting to repay.

4. Credit card cash-out implies legal risks

The process of maintaining a credit card is inevitably accompanied by cash-out behavior, and credit card cash-out is illegal. Once identified by the bank, legal liability will likely be pursued. It can range from fines for card cancellation to criminal liability.

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