Legal credit card cashing methods are as follows:
Reasonably grasp the consumption quota of each card.
If you have three credit cards, the billing date is the 5th of each month, 1 1 and the end of each month. During the period from 6th to 12 every month, you can get the longest interest-free period by swiping the card with 5 journal days first. 12 to 30, and the bookkeeping date is 1 1. 1 5 swipes the last card every month. In this way, the large monthly consumption can be broken down to nearly three months.
Therefore, in addition to reasonably grasping the consumption quota of each card, we should also make a detailed list, which should not only record the bill diary of each card clearly, but also list the repayment date item by item to avoid being punished by the bank for delaying repayment. "Consume" on behalf of others and "generate" money with cards.
You can swipe your card as much as possible
Every time friends get together, AA system, take the initiative to ask for the bill when checking out. Then ask her friend to give her the money. Whenever a friend needs a large amount of shopping, he can also pay for his friend with his own card and then collect cash. Nowadays, many people enjoy interest-free discount with credit cards, but not many people are as smart as Yao. Of course, it is not easy for her to "pay the bill" for her friends and thus "borrow money" from the bank, because she is not always the protagonist in a friend's "cooking party", nor is there always a friend who needs a lot of money without a credit card, and some consumers can't get points, such as buying a car and building materials. Buy money funds and "earn" money with card money.
Buy government bonds and funds
After the monthly salary is paid, set aside some spare money and use the rest to buy money market funds. Usually try to swipe your card, and set the fund redemption date two days before the credit card repayment date, which is equivalent to using the redeemed fund money to pay back the credit card money. Although the current yield of money market funds is around 2%, it is still much higher than the current savings of banks. When the fund is redeemed every month, it earns the difference between the two and obtains indirect "monetary" income.
It is a good financial management skill to invest in funds indirectly with credit cards. However, investment funds have certain risks after all. If you buy a fund like this, you must consider your repayment ability.