No.

The way to redeem credit card points for cash is to use your idle points to redeem valuable goods, and then the merchant will recycle the redeemed goods at a certain recycling price. This operation is feasible and does not exist. What kind of scam, you have to identify the premise.

For example, I have done this to people many times. Of course it's not a scam, it's just that you can't get the cash, but it can actually be used to offset your consumption debt.

Overview

In order to encourage customers to spend, all banks are making a big fuss about credit cards. In addition to various value-added and preferential services, the biggest thing in common is that "integral". When a customer swipes their card, the bank will calculate points based on the customer's consumption amount. The standard given by most banks is that 1 yuan spent will earn 1 point.

Customers can use the accumulated "points" to redeem gifts at the bank, use them for consumption, etc. However, many customers forget to use these points for one reason or another after consumption. Points that can be saved permanently are fine, but some banks automatically "clear" points after one or two years, which is really a pity. Now, someone is eyeing these forgotten points.

Mr. Chen is an industry insider who is engaged in the purchase and sale of credit cards. He said that he mainly buys points to redeem airline miles. "You give me the points, I give you the money, and we will settle everything." It is said that he buys points mainly to redeem airline miles. , with the accumulated air miles, he went to various airlines to redeem free tickets, and then sold the tickets, "I earned the difference."