Is it dangerous if I sell credit card points?

Selling credit card points is against the rules.

Although the law does not clearly stipulate that selling credit card points is illegal, selling credit card points is risky. Selling credit card points is likely to reveal the password of the credit card, and there is a risk of being swiped.

Also, selling points is an informal business after all, so the security is very low. It is very likely that you will encounter a scam and end up losing all your money. Customers also pay attention to the security of personal information and financial accounts and strengthen risk awareness. If personal information is leaked during the process of reselling credit card points, it will cause security risks.

Credit card points are originally a value-added service that rewards cardholders for swiping their cards. Naturally, such virtual values ??cannot be exchanged as commodities. If you want to make more money, you can engage in formal businesses and should not transfer or sell credit card points.

Do I need to change my address to sell credit card points?

Do I need to change my address to sell credit card points? Everyone knows that points can be accumulated after spending with a credit card, and the points accumulated by a credit card can be redeemed for goods in the credit card point mall. Normally, after completing the redemption of credit card points, the bank's credit card center will mail the gift by express delivery to the address reserved by the cardholder when applying for the credit card. If the address changes, how to modify the points redemption address? Let’s find out together.

How to change the address for points redemption at Hua Xia Bank?

There are two situations in which the address for Hua Xia Bank credit card point redemption can be modified. One is to modify it before the points are redeemed; the other is to modify it before the points are redeemed; Modifications after redemption have been completed.

1 Modify the address before redeeming credit card points: Users need to log in to the Hua Xia Bank Credit Card Center, enter the customer service page, and find query/modify customer contact information; then enter the page and modify the reserved address.

2 Modify the address after redeeming credit card points: You cannot modify the reserved address after redeeming points. You can only contact the official customer service of Hua Xia Bank Credit Card to inform them of the current address and apply for re-delivery.

Is it illegal to exchange credit card points for money?

It is not illegal to exchange credit card points for cash. When people use credit cards to make purchases, they can generally accumulate a certain amount of points, and these points can It is used to redeem some gifts, miles, etc., and it is not illegal to exchange credit card points for cash. To be precise, there is basically no such thing as converting credit card points to cash in banks, and the law does not clearly stipulate that it is illegal. Selling credit card points is risky. Selling credit card points is very likely to reveal the credit card password, and there is a risk of being stolen. "Credit card points exchange business" is originally a value-added service provided by banks to customers. It involves buying and selling credit card points and making profits from it. This has violated the bank's regulations, and users need to be responsible for all consequences.

If users find any promotions that offer credit card points redeemed for cash, they need to pay attention. This is likely to be a scam, set up specifically to defraud customers of their personal information and steal their credit cards. trap.

So when you encounter text messages or phone calls about redeeming credit card points for cash offers, you must be vigilant. Ignore the other party, don't click on the link sent by the other party easily, and be careful to avoid leaking personal information to the other party.

People must take extra precautions when using credit cards. They must take good care of their credit cards, and do not share their information, card transaction passwords with others at will, and do not disclose their information to others from unknown sources. Swipe your card at the POS machine.

Function of credit card:

1. Use points to offset annual fees

For some credit cards that require annual fees, using points to offset annual fees is the best option. For example, for high-level credit cards from some banks, the annual fees can be offset or partially offset with points.

2. Redeem points for gifts

Everyone should be familiar with this. You can search for credit card points options on the official website of the bank that issued the card and see that the points of this bank can be redeemed. products and the point prices of the products.

Of course, the products of each bank may be different. In addition to the physical items, there will also be some commodity coupons, experience coupons and the like. But relatively speaking it is not very practical.

3. Points can be converted into airline miles

This is very suitable for business travelers who often need to fly. In fact, it can be understood that airline miles are airline points, and this Points can be redeemed for free tickets on the airline. So that means credit card points can be exchanged for free air tickets.

4. Points Lottery

Many bank credit card centers have launched points lottery activities. For example, with a China Merchants Bank credit card, you can participate in the drawing of iPad Mini with 9 points, but the winning rate is not high.

5. Points can be used to offset expenses

You can also redeem gifts at designated merchants and supermarkets. This part of the redemption is provided by the merchant, and the merchant has the final say.

There are also points that can be directly offset against cash, which can only be redeemed in bank cooperative stores. Points can be used as cash to buy things. For example, you can redeem it in some department stores, Starbucks, etc. However, in general, it still depends on the type of credit card. Some credit cards can be redeemed a lot, and some can be redeemed less.

6. Points for oil exchange

Some banks will also launch credit card oil cards, such as China Construction Bank Longka Auto Card. The points of this credit card can be exchanged for oil. Not only can it be exchanged for gas, which means it can be used to offset gas expenses, but it can also be exchanged for tolls. For example, the redemption ratio of car card points for oil change is: the portion above 50,000 points (exclusive) is calculated as 4‰ to be redeemed for refueling (that is, the portion of points exceeding 50,000 points is redeemed for 40 yuan for refueling for every 10,000 points), and the portion below 50,000 points is calculated as 2‰ exchange for gas fees (i.e. every 10,000 points can be redeemed for 20 yuan in gas fees).

Credit card points recovery, what is the use of their recovery?

Most credit card points can be redeemed for airline miles. Many people take advantage of this and convert the acquired points into air tickets for sale. Moreover, this information was all found online. You can only discuss points recovery through phone calls or other contact methods. Sellers and buyers do not meet in person.

However, the cardholder needs to provide the name and account number of the card-issuing bank first, contact the card-issuing bank, redeem the credit card points and accumulate air miles, and then transfer the air miles to the account number provided by the buyer. Banks do not support this situation. Credit card points are not allowed to be bought or sold and can only be used by the card owner himself.

Extended information:

Notes on credit card points:

1. Pay attention to the validity period of points. Although for most bank credit cards, consumption points are valid as long as the credit card is within the validity period. However, there are still a few banks whose credit card points are only valid for 2 or 4 years and cannot be used after expiration.

2. If the whole family scores points together, it will be easier to score points. It should be noted that the credit card points from the supplementary card can be transferred to the main card. In this way, even if the points are not valid for a long time, you can collect higher points in a short period of time, and there are no restrictions on the use of the card by family members.

3. Pay attention to points activities. During store celebrations or discounts, many shopping malls will jointly launch promotions with banks to earn double points by swiping your card. Then during this period, you can get 2 times the points by swiping your card for consumption, which is of course more cost-effective. You can also enjoy double points by paying in installments with a bank credit card to purchase designated products.

4. There are free and paid points for exchanging points for gifts. This really needs to be included in the considerations for credit card points, not only for credit cards, but also for points on many other software. There are many ways to redeem credit card points, and most banks offer free redemptions. However, some banks will charge certain fees for specific exchange products, so cardholders should pay special attention.