Reference: Cash withdrawal means that credit card users do not withdraw cash through normal procedures (ATM/ counter), but negotiate with merchants to withdraw cash in the name of swiping the card. The specific method is that the merchant will refund the proceeds to the cardholder after swiping the card, so as to achieve the conversion of funds into cash. In a broad sense, cashing includes obtaining cash through credit cards through various means. In China, malicious cashing is an illegal act and should be investigated by law.
However, credit card is an important personal financial management tool. Just like tax avoidance, smart financial experts can always find an appropriate and legal way to "cash out". By cashing in, you can easily realize personal financing. At present, the domestic credit card environment is not perfect, and all kinds of "cash-out" intermediary companies are illegal and harmful.
here are some legal ways to cash out:
■ means 1: friends shop, and I pay the bill
credit card "cashing out" is a magic weapon for Du Mu. She goes shopping with her friends, swipes all her cards, and her friends return cash, and Du Mu earns points. Everything from tableware and tissue boxes to coffee pots and backpacks at home is bought by Du Mu with credit card points.
to cash out a friend's credit card and repay the loan in time, the bank only charges 1% to 2% of the settlement fee from the merchant, and the cardholder has no expenses.
this method is feasible.
■ Method 2: Cooperation between credit card and fund
On the one hand, it earned about 2.3% of the annual income of money market funds, and earned a lot of credit card points. It is more cost-effective to exchange some gifts such as Haagen-Dazs vouchers and plush toys. Moreover, some fund companies have started to jointly issue credit cards with banks, and money market funds can set a fixed date for automatic redemption and transfer to credit card repayment accounts, which makes such "arbitrage" behavior more convenient. That's a good idea!