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Credit Card Tips

Tip of using 2 credit cards without loss:

1) Using 2 credit cards backwards: How to use two credit cards, this only means that one credit card is cashed and then used for repayment A second credit card, while the balance owed on the first credit card is cashed out by the second credit card, will enter a cycle and allow for unlimited repayments. Of course, there is no free lunch in the world, and two credit cards must be cashed back and forth at a high price. At present, the normal cost of cash withdrawal by credit card is relatively high. Banks in most areas generally charge a handling fee of about 1-3 for credit card overdraft withdrawal, no matter where they are. Of course, if you want to withdraw cash, you will need a handling fee to get cash through POS machines, etc. Interest will also accrue on the resulting transaction amount if it is not repaid in full by the repayment date.

2) Tips for lossless reversal of credit cards: First of all, when setting the billing date of a credit card, it is best to set it in the middle or late month, because there are accounts that need to be counted. Notes on daily use of credit cards: Many people don’t know that if they miss a credit card repayment date, there are still opportunities to make amends. Transferring credit cards to repay each other is commonly known as "using a card to support a card". This method can help you solve your immediate needs when you are in financial difficulty, but it is not a long-term solution. You can use certain methods to cash out and then repay, such as using POS machines provided by some merchants to cash out by swiping your card. You can prepare a POS machine to transfer two credit cards to each other.

Note: It is best to repay the money as soon as possible after withdrawing cash from your credit card. Normal cash withdrawal and repayment with a credit card will accumulate cash withdrawal interest and handling fees, increasing the repayment cost. : 1. There are generally two ways to transfer credit cards to each other. Different methods have different consequences. If it is a virtual transaction through POS machine or online payment, commonly known as cashing out, it is illegal and the consequences will be as minor as possible. If the card is blocked, it may be considered as a malicious overdraft of the credit card. If it constitutes a credit card fraud crime, you will need to bear legal responsibility; the other is to withdraw the money from the credit card through cash withdrawal. This method will incur interest fees. No matter which method you use, not only will you incur a lot of interest charges, but you will also bear great risks.