How to use credit cards to pay off credit cards, master the skills and become a millionaire

1. In fact, two credit cards can be exchanged for cards. As the name suggests, use the money from card A to pay back card B. card, and then use the money that has been returned to card B to return it to card A when card A expires. Of course, the more credit cards you have, the more room you have to pay back the cards.

2. For example: If you have three credit cards with a limit of 50,000 yuan, you can transfer A to B, B to C, and C to A, and you will have a surplus of 100,000. of funds are available to invest and make money with money. In other words: the more cards there are, the more space there is to manipulate.

3. The interest-free period of credit card, the interest-free period of the card will create profit space for yourself. This is a big profit, if the funds are large enough.

4. Make good use of the activities of the card issuer. This kind of activity requires you to pay attention to the credit card page of the card issuer to see what activities you can participate in and which are profitable.

5. Make good use of the card-issuing bank’s credit card points. The things you exchange for points can also be exchanged for real money. For specific exchange rules, please refer to each card-issuing bank.

Can credit card repayments be paid with a card?

Credit cards have a fixed monthly repayment date, and cardholders need to repay on the monthly repayment date at the latest. . There are many ways to repay a credit card: 1. Bind a savings card and the payment will be automatically deducted upon maturity; 2. Use the bank’s APP to make self-service repayments; 3. Use UnionPay or third-party platform repayment channels to operate repayments; 4. Credit card repayments can also be made at bank branches, self-service equipment, customer service hotlines, etc.

If your credit card limit is not enough, you can consider using big-brand credit products such as Alipay, Tencent Weilidai, and Duxiaoman Financial Youqianhua. Youqianhua is a credit brand under Du Xiaoman Financial, which provides users with safe, convenient, unsecured, and unsecured credit services. To borrow money, go to the Du Xiaoman Financial APP.

Duxiaoman Financial will effectively implement the country’s call to support small and micro enterprises to overcome difficulties. Its credit service brand has money to fully support the production and operation of small and micro businesses. Duxiaoman Financial is the owner of most small and micro businesses. first choice. It is reported that 70% of Duxiaoman Financial’s credit users are small and micro business owners. Up to now, Duxiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of loans to small and micro business owners.

This answer is provided by Kangbo Finance. Kangbo Finance focuses on interpretation of hot financial events and popularization of financial knowledge. It adheres to professionalism and pursues fun, and produces financial content that people can understand, using vivid and diverse methods. Deliver financial value. Hope this answer is helpful to you.

Repay a credit card with a credit card

Can I repay a credit card with a credit card?

1. Credit cards can be repaid, but this operation is very risky. Although there is no express prohibition on credit cards not being able to repay each other, if the cardholder does not manage well, it will have a great impact on his or her own credit investigation. Therefore, even if there are no clear regulations from the card issuer, it is very undesirable to return the credit card.

2. It should be noted that once one of the credit cards of the cardholder fails to repay the other credit card on time, the failed credit card will accrue overdue interest and liquidated damages, thus affecting personal credit . To sum up, credit cards can be returned or exchanged, but there are many problems in subsequent traction. In short, most people who choose to withdraw money do not know that credit card withdrawals can be very harmful. However, the impact of expired credit cards on cardholders is manifold.

Extended information:

Is it illegal to keep a credit card?

1. The act of “card raising” is an illegal activity and may even constitute a crime. Card raising means that after overdrafting a credit card, after paying a certain handling fee, the "card holder" will first advance the overdraft fee, and then use the credit card to make false purchases on the self-provided POS machine. Under normal circumstances, the principle of using a card to maintain a card is to stagger the repayment dates of several credit cards. Use the first credit card for daily consumption. Before the repayment period, use the second credit card to overdraft and withdraw cash to repay the debt of the first credit card. , and so on, several credit cards rotate overdraft.

2. Card raising is an illegal activity and may even constitute a crime.

Cardholders who "use their cards to maintain their cards" are only deceived by the immediate cash flow in front of them, but they ignore the ensuing cyclic interest and the possible late payment penalties and interest, etc. due to default in arrears. As a result, the cardholder becomes a guest on the bank's credit blacklist. In this way, the cardholder loses more than he gains, and faces the risk of credit crisis, which is a serious crime.

3. It is very undesirable to use the card to support the card. Currently, a considerable number of cardholders are unable to consume rationally, and due to the relaxed application conditions, some cardholders do not even consider their repayment ability at all, but just blindly apply for a card based on the immediate benefits. This will There will be a lot of hidden dangers in the future.

Will I go to jail if I don’t pay up my credit card?

1. If you owe a bank credit card, you will not go to jail.

2. According to the law, if a credit card overdraft amount of more than 50,000 yuan is not repaid for more than three months after two collections by the bank, it will constitute a credit card crime and criminal liability shall be investigated in accordance with the law.

How to pay off a credit card?

You can handle credit card repayment through the following channels:

1. Palm Bank: Please log in to the Palm Bank APP and click "Credit Card → Repayment" on the homepage to make your own Agricultural Bank of China credit card payment , repay other people's Agricultural Bank of China credit cards; click "Credit Card → Repayment → Set Agreed Repayment" to apply for automatic repayment of your own Agricultural Bank of China credit card debt.

2. Online banking: Please log in to personal online banking, click "Credit Card → Repayment → One-click Repayment" to repay your Agricultural Bank of China credit card debt; click "Credit Card → Repayment → Agreed Repayment", You can apply for automatic repayment of your own Agricultural Bank of China credit card debt; click "Credit Card → Repayment → Repay Other People's Cards" to repay other people's Agricultural Bank of China credit card debt.

Warm reminder: If you need to repay credit cards from other banks, you can do so through "transfer".

(Answer time: June 25, 2021. In case of business changes, please refer to the actual situation.)

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