Balance compensation means that the credit card of Bank A is directly repaid to the credit card of Bank B, right?

First of all, the China Banking Regulatory Commission has been controlling this risk. Although two years is said to be relaxed. But most people who play cards, especially those with large-value cards, have POS. Even if they don’t, their friends must have them. Using POS to make transactions, the handling fee is extremely low, and there is an interest-free period. The functionality of this balance compensation does not make much sense

Personal opinion