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Credit cards can buy gold jewelry. Two ways to withdraw cash from credit cards:
A way to withdraw money directly from UnionPay deposit and withdrawal machines can only get half of the credit limit. For example, if the credit line is 50,000, only 25,000 can be withdrawn at most.
Another common way to withdraw cash is to brush it out on a POS machine. In the way of virtual message, the merchant charges a small fee and gives you cash directly. The bank doesn't know how you got out. As shopping expenses. There is an interest-free period. Have a plenty of 50 days, as long as it is paid off within the specified time, it will not generate interest.
Credit cards cannot be used to buy gold for investment. Some banks said that they could not use credit cards to buy gold products such as physical gold. Gold is an investment variety, similar to stocks and futures, different from gold jewelry sold in shopping malls, and you can't overdraw your investment with credit cards. In addition to jewelry, gold bars and other products with certain investment functions are sold in shopping malls.
Does it matter if you buy jewelry and swipe your credit card?
Yes
Credit cards can be used to brush jewelry, but use them carefully and don't brush them too many times. It's ok to brush occasionally.
Jewelry merchants belong to the high-end merchants of the bank, and the rate charged is 1.25%, which makes the bank earn a lot of money and is naturally welcomed by the bank. However, since the fee of 20 16 was changed, the state banned the rate of jewelry10.25% and changed it to the standard rate of 0.6%, which is no different from other ordinary merchants, which virtually interrupted a financial path for the bank and naturally made the bank unhappy. Because they can't make money, some banks even put jewelry into the ranks of merchants without points, which is undoubtedly a "cold palace". Therefore, brushing jewelry several times a month is easy to be recognized by banks as suspected of cashing out, and it will naturally be controlled by the wind.
Does it matter if I buy jewelry with a credit card?
Credit card brushing jewelry, decoration, wholesale, building materials and other industries are easily controlled by the wind. Because these industries are high-risk industries, cardholders can easily touch the boundaries of illegal card use when swiping their cards. Credit cards are essentially consumer loans, which have limited uses and cannot be used for investment, house purchase, etc. These industries are very easy to touch. As for the jewelry industry, it belongs to the luxury industry. If the credit card is swiped frequently, it will be suspected of illegal cash withdrawal by the bank, and it is easy to reduce the quota.
So much for the introduction of buying jewelry by credit card.