Gathering wool is taking advantage of small things. It refers to those behaviors that delve into the rules and then exploit the rules or loopholes in the rules to make profits. Moreover, the act of gathering wool has become a group and organizational activity, and these people are collectively called wool partyers. Since there are currently a lot of credit card activities and merchant discounts, enthusiasts are always rolling up their sleeves and getting ready to grab a handful.

What does shedding wool mean?

Credit cards are very active in promoting new cards. I believe you have seen them in shopping malls. There are many gifts, such as electric baking pans and air fryers. , backpacks, scooters, trolley cases, etc., each bank is different. The Wool Party usually goes to every bank to apply for a credit card, and even invites family members to apply. Points collection mainly refers to the marketing activities carried out by card issuers. They take advantage of loopholes in the activities to spend wildly. In addition to obtaining their own points, repayment-free spending, and airline miles, they will also use the loopholes in the activities to claim points or waive repayments from the bank. Payment amount, etc. are usually initiated in an organized manner, and then sold online to obtain profits. For some malicious behaviors such as cashing out points, it will affect the cardholder's credit rating in the bank, and will also affect future limit increases, installment applications, and small credit card loans. In serious cases, the credit limit will be reduced and card consumption will be restricted. .