What are the consequences of mutual credit card repayments? There are many ways to repay each other on credit cards, the consequences will be different, and the risks will be greater or less. 1. Money loss: Generally refers to the use of POS machines to swipe each other's cards to repay each other, that is, using the POS machine to swipe the money out of one credit card and return it to another card, and then repay each other's cards. If you choose an irregular POS machine, it is possible that the money will not be credited after swiping the card. Once the POS machine merchant withdraws the money and runs away, it will inevitably cause financial losses to the cardholder. 2. Pay more and more: This usually refers to using multiple cards to withdraw cash from each other to repay the loan. Although from an operational point of view, the bank supports the use of credit cards to withdraw cash, but if you do this in the long run, you will pay more and more. After all, withdrawing cash with a credit card There is a cost, the cash withdrawal fee is essential, and the interest will be calculated on a daily basis, with a daily interest rate of 0.05%. The larger the cash withdrawal amount, the more fees you have to pay. 3. Information leakage: Some people will find some third-party companies to repay on their behalf. The operation method is to use POS machines to swipe the card to repay the card. If you encounter some irregular companies, it is likely to lead to information leakage and be exploited by malicious people. It is difficult to recover losses if a counterfeit card is used. 4. Block the card and reduce the limit: If you often use the money in the credit card limit to repay each other, this is an abnormal use of the card, and it is easy to touch the bank's risk control point, which may reduce the limit or block the card. In short, mutual credit card repayments can temporarily avoid overdue payments, but there are various risks, so you should not try it easily, lest you get yourself into a quagmire.