The way the two credit cards repay each other is that the user withdraws cash from card A to repay the balance owed to card B. In this way, Card A and Card B can repay each other, but there are certain risks in this repayment method. For example, if the cash withdrawal limit of Card A or Card B is insufficient or unable to withdraw cash, it will directly cause the other card to become overdue.

Therefore, it is best not to use two credit cards to repay each other. Such repayments are not only risky, but also lead to increasing repayment amounts.

Extended information:

Disadvantages of using two credit cards backwards

Credit cards generally provide a credit limit, which allows cardholders to spend in advance, so they are favored by many people. welcome. But in order to enjoy shopping without spending money, many people choose to apply for several credit cards and then use them backwards. First use one credit card to make purchases, then withdraw the limit from the other credit card to pay back the previous credit card. After the previous credit card is paid off, the limit is restored, and then the payment is returned, and the cycle repeats.

Although this method seems feasible, it will bring many disadvantages. Because this operation will generate a lot of handling fees, although the credit card has an interest-free period, you cannot enjoy it when withdrawing money. Interest will start accruing from the day of withdrawal. If a cardholder uses two credit cards backwards, a lot of handling fees will be incurred, and the financial burden will become larger and larger.

And this method is very labor-intensive because it is difficult to maintain balance. There are many variables in real life. If a cardholder fails to repay on time, this balance will be broken. At that time, he may have to face two credit card bills at the same time. If he cannot repay in time, he will be stuck in repayment. If you are in a strange circle, you may be trapped into a "card slave".

This method of "tearing down the east wall and repairing the west wall" is not advisable. Some people may use it and their desires will grow. When they feel that their credit limit cannot satisfy their shopping desires, You will apply for more credit cards, which will only make you sink deeper and deeper.