Credit Card Cash Out:

1. Cashing out an empty card is actually a method of using a credit card to withdraw cash. Empty card cash out is to withdraw cash from your credit card when your credit card credit limit is used up. The amount withdrawn can be several times your credit limit. This kind of cash-out is relatively difficult to complete, and only a few banks' credit cards can cash out empty cards, and the handling fees are relatively high, with the highest reaching 25% and the lowest being around 15%. The cash-out intermediary will take you to some merchants such as Suning Appliances or Gome to buy electrical appliances, and you can pay by credit card in installments. Then the intermediary will give you cash and charge a handling fee. As for the purchased goods, the intermediary will return them to the mall through some means. Conventional credit card cash-out means that the cardholder swipes the full amount of the credit limit on your credit card through many cash-out companies or other institutions, and then the party who swipes the card immediately gives you cash. This method of cash-out requires a fee of 1.5-3 % handling fees.

1. Double cash out. The bank’s credit card has an installment limit. Consumption can be paid in installments. The installment payment uses the installment limit of the credit card. The available limit in the credit card will not be reduced, so the credit card’s Cardholders can use these banks' credit cards to "spend twice": first pay once in installments, use up the installment limit, and then directly swipe the card once to consume the available limit in the credit card limit, so that you can consume the installment limit + The amount of available credit card limit. Then using the above cash-out method, you can easily cash out the installment limit and the credit card limit, thereby realizing double the credit card cash out! For example: someone's credit card limit is 10,000 yuan, and the installment limit is 20,000 yuan, then it You can go to a designated shopping mall and buy something worth 30,000 yuan, and you can double your cash out!

Cash out is an illegal method of using cash, which refers to the purchase without real meaning. , pay a certain handling fee, use your bank card to swipe your card at POS and other machines, and the owner of the machine will pay you cash. Not consumption in the actual sense. More common in life is credit card cash-out, which means that the cardholder does not withdraw cash through normal legal procedures (ATM or counter), but uses other means to withdraw the funds within the credit limit of the card in cash without paying the bank for cash withdrawal. fee behavior.