Hello local friends from out of town! There is a place in Jiangbei near Guanyin Bridge (return the X card*183.7597~2280*). I’ve been there a few times and it’s affordable and safe!

How about we understand it this way:

1. The day the credit card is sent to us, it is equivalent to the bank promising to give you a corresponding amount of advance payment. This The prepayment can only be used for consumption. Banks do not encourage you to change it into cash and withdraw it because when you go to an ATM machine to withdraw cash, you can only withdraw 50% of the amount in cash, and you will also be charged 1% for this cash. The 3% handling fee is also calculated as interest at 0.5% per day.

2. In addition to directly taking the credit card to withdraw cash from the ATM machine, from another perspective, if we do not withdraw cash, but use the credit card to make purchases, there are several advantages: we can spend the full amount; Interest, you can repay the money to the bank without any interest within the interest-free period of up to 56 days.

Third, the cardholder cooperates with the merchant or some "loan company" or "intermediary company", and the cardholder obtains cash by paying the merchant a handling fee. Generally, the merchant's POS machine is used to conduct false transactions, and the amount on the credit card is transferred. The merchant or "loan company" or "intermediary company" pays cash on the spot (paying cash to the cardholder), and the cardholder pays the merchant The handling fees are lower than those of banks.