Credit card pad also refers to the act of using the proceeds to repay other debts after the credit card is cashed out. Maturity also usually occurs when debts accumulate seriously, bills are overdue and high interest rates cannot be repaid. The funds obtained through the credit card pad can be used to repay mortgage, car loan, credit card debt, etc. , which can effectively avoid the adverse effects such as overdue debts.

The advantage of credit card repayment is that it can use the cash withdrawal function of credit card to solve the urgent short-term capital demand, and at the same time use these funds to repay high-interest liabilities such as bank loans, which can effectively reduce borrowing costs and alleviate economic pressure. But at the same time, it should be noted that the credit card pad will also generate certain interest and handling fees, and these extra expenses also need to be borne, so it should be carefully considered when making the credit card pad.

Generally speaking, credit card pad can also be used as an option for emergency funds, and it is also a reasonable way to use funds in some cases. If it is necessary to return the credit card, it is suggested to choose a credit card with low interest rate as far as possible, and pay attention to the amount and time of repayment to avoid extra expenses due to overdue. In addition, we should gradually improve our economic situation and reduce our dependence on credit card repayment.