The term "point" means one percentage point. If one point is 1%, two points are 2%. For example, the cost of 1, yuan is 1 yuan.

1, the so-called credit card cash, is to use a credit card set to cash out. Because there is no cash in the credit card, but a credit line, but for now, it is not illegal to cash out with a credit card! Because there are no relevant policies and regulations to restrict this behavior! But cashing out will definitely directly affect your credit history! It will have a direct impact on the future credit card approval, quota promotion and housing mortgage loan!

2. There are several ways to cash out: cash out on the Internet. To be clear, you open a shop withNo. A, hang up some false things, and then use yourNo. B to buy it. When you buy it withNo. B, you pay by credit card. In this way, the money in your credit card is set out and all of it is converted into cash inNo. A. This form of cash withdrawal is relatively small, which is generally 18 thousand yuan, but there is no handling fee.

Extended information:

Classification of credit card cashing behavior:

First, the cardholder's personal behavior, in which the cardholder plays the trick of "others spend their own cards", swipes other people's shopping accounts into his card to increase points, and at the same time, the shopper returns the cash to the cardholder, which really kills two birds with one stone for the cardholder. Because many banks have launched value-added services while issuing credit cards, and carried out activities such as exchanging consumption points for gifts to stimulate people's enthusiasm for card processing and consumption.

second, the cardholder cooperates with the merchant or some "loan companies" and "intermediary companies", and the cardholder obtains cash by paying the merchant a handling fee. Generally, merchants' POS machines are used to make false transactions, and the amount on the credit card is crossed away. Merchants or "loan companies" and "intermediary companies" pay cash on the spot (paying cardholders cash), and the handling fee paid by cardholders to merchants is lower than that of banks.

thirdly, the cardholder obtains cash by using the services of some websites or companies, such as "Alipay" or China Mobile's "online purchase of prepaid cards" service.

Baidu encyclopedia-cash out