It also costs a lot of money to cash out two credit cards. At present, the cost of normal withdrawal of credit cards is relatively high. No matter where the credit card is overdrawn, most banks generally charge about 1%-3%. Of course, if you want to cash out, you still need to pay the cost of getting cash through the POS machine. If the transaction amount generated is not fully repaid before the repayment date, it will also generate interest.
It is really convenient to cash out two credit cards back and forth, which can solve the problem that many card friends can't repay in time and spend more than the budget. However, because this method is not free, in the long run, cashiers will have to pay a high handling fee.
Most importantly, cashing in credit cards is illegal. Once the repayment is discovered by the bank, it may be reduced, the card may be stopped, and it may be sued.
Pay off the debt before the bill rises, and the debt level in the credit report will be very low. For example, if the monthly billing date is 15, then pay off the arrears before 15. We will continue to spend money after the date of 15, and the credit card debt ratio on the credit report will be very low every month.
Phoenix. Com- how to get two credit cards back and forth? What are the risks?