First, how long can credit cards be used in reverse for a long time? There are two common ways to reverse the card, one is to withdraw cash by credit card and the other is to withdraw cash by credit card. Credit card cash withdrawal Credit card cash withdrawal is to withdraw the money from card B and return it to card A before the repayment date of card A ends; When the bill for card B comes out, withdraw cash from card A and return it to card B.. This method usually does not last for three months. Because the credit line can't keep up, many banks now withdraw only half of the available credit line, and the cost is very high, which will generate fees and interest. Moreover, credit card withdrawal needs to pay off the principal+fees+interest in one lump sum, no matter how to reverse the card, the repayment pressure is great.
Second, the credit card is cashed out. People who raise cards now basically have an MPOS machine in their hands. Compared with credit card cashing, the cost of reversing the card through credit card cashing is relatively low, and you can enjoy an interest-free period. The standard interest rate for each transaction is 0.6%. The key is how much credit can be swiped. If you have multiple credit cards from different banks, it will last for a long time.
Third, under normal circumstances, you only need to bear the handling fee for reversing the card every month. In other words, as long as you can afford the monthly card reversal fee, you can continue to reverse the card. Just don't trigger the bank's risk control in the process of reversing the card in advance. Let me explain briefly first. Reversing the credit card is actually a simple process of brushing out the funds in the credit card and then returning them. Then in the process of reversing the card, you need to bear the handling fee for swiping the card. According to the general standard, the charge for swiping the card is 0.6%, that is, the bill amount of the credit card is 10000, so the 60 yuan charge is required for returning the card. If the total amount of your credit card bill is RMB 6,543,800+per month, then the fee for returning the card is 600 yuan per month. That is, as long as you have this 600 yuan, you can reverse the card at any time.