What is the point of exchanging bank points for money?

Currently, there is no way for banks to exchange credit card points for cash. Most of them cooperate with merchants and use credit card points to exchange coupons for some big brands. , and most coupons must use the customer's credit card limit or use cash and coupons at the same time, so credit card points become useless, resulting in the loss of a large number of domestic credit card points upon expiration.

1. First of all, the principle of redeeming credit card points for cash is very similar to the behavior of collecting junk in reality. Generally, the purchaser finds a good shipping channel and requires customers to redeem it at the credit card center or APP on the bank's official website. Designated products, gifts, coupons, etc. are then recycled and sold according to a certain proportion to earn the price difference. After all, there are tens of millions of bank credit card point gifts. A professional credit card point intermediary will help customers choose coupons or gifts that can be redeemed for free, and then purchase them. For example, a certain bank's credit card points can be exchanged for certain Dong's steel_, steel _Coupons can be used directly as cash. The purchasing merchant will directly purchase 10 yuan steel coupons for 7-8.5 meters, thereby realizing the realization of credit card points.

2. After understanding the principle of redeeming credit card points, you can easily see through the scams of redeeming credit card points on the Internet. In a word, if you want to redeem credit card points, you can only do it on the bank’s official website or APP. , it must be redeemed for gifts and then sold to be truly effective. The editor has been in this industry for 3 years and has never seen a bank credit card point that can be directly exchanged for cash (unless redeeming the credit card annual fee)!

3. Regardless of the name, or other user or account information, it is input into the mobile phone software developed by the bank, and each login requires the user’s mobile phone verification code, even for the Haoxiangdui platform. For customer service-assisted operations, you cannot log in to the user's account privately without the customer's permission or a new mobile phone verification code. This ensures the security of the user's account, and the user can operate the exchange with confidence. At the same time, we also hope that users can understand the appropriate amount of operational complexity for safety.

How to sell credit card points directly?

Credit card points can be redeemed.

After the redemption is successful,

contact the points mall and ask them to convert it into RMB for you. .

You give them the redemption code.

How to redeem credit card points for the most cost-effective products

The redemption of credit card points has shrunk seriously now. Thousands of credit card points can only be exchanged for a bottle of mineral water, but it is still a bit of a waste to throw it away. pity. So, is there any way to maximize the expected annualized return on points? Here are three ways to redeem points.

1. Try to redeem virtual goods

Credit card points can be redeemed for a wide variety of goods, but the best choice is to redeem them for virtual goods, such as mobile phone recharge cards, supermarket shopping cards or gas. Cards, etc., do not choose to exchange for physical goods. Why not choose to redeem it in kind? There are two reasons:

On the one hand, after cardholders use credit card points to redeem physical goods, in addition to needing consumption points, some banks will require cardholders to pay shipping costs, which will cause additional expenses. Many cardholders All reported that the bank's delivery speed of physical goods was slow, and some people even received the exchanged goods after a month.

On the other hand, if there are quality problems when redeeming physical goods, banks are usually not responsible for after-sales service. Generally, the cardholder is required to negotiate with the merchant providing the goods, and the goods redeemed by the cardholder use These are credit card points, and most banks cannot provide invoices, which makes cardholders encounter difficulties when returning or exchanging goods.

2. Try to exchange for high-value products

There will be many types of products on the bank points redemption website. Logically speaking, although the value of the products that can be exchanged for the same points is basically not much different, However, the prices of products that can be redeemed with the same points will still be different. Therefore, try to choose products with higher value. If you are hesitant among several products, you might as well check the prices of these products on the shopping website first, and then make a choice.

3. Try to redeem products that do not require adding money

There are many products that can be redeemed with points. In addition to credit card points, the cardholder also needs to add some cash to redeem. However, exchanging points for products is free, so try to exchange them for products that don’t require extra money.

If you particularly like this kind of product, it is not included in this range.

Is there anyone who sells credit card points? If I have points, can I sell them for money?

Individuals can directly search for points redemption on the page, and can choose to exchange them for cash or sell points. However, whether credit card points can be redeemed for cash depends on the regulations of each bank. There are many places, but you have the wrong channel. You can get a platform to exchange points for public accounts for cash

First of all, this kind of platform, the general process is like this. Connect with major bank malls. Each mall has corresponding gifts that require points to be redeemed. Of course, these are all virtual electronic coupons, but these electronic coupons can be consumed at the corresponding entities. The platform does not directly collect your points, because major banks do not allow the buying and selling of points. The platform allows cardholders to follow the corresponding steps and exchange points for gift coupons required by the platform.

Let’s give you an example. Otherwise, you may not understand. Taking China Everbright Bank as an example, 10,000 points can be exchanged for up to 7.6 yuan, and a 50-yuan JD e-card e-voucher requires 57,000 points. Do the math, you can get an income of 43.32 yuan on 7.65.7! You only need to submit the exchanged electronic coupon code to the platform, and the platform will forward the cash to you. Points cannot be directly exchanged for cash, this is just a saying. Redeem cash in disguise

How to redeem credit card points for cash

First of all, make sure that credit cards cannot be directly redeemed for cash.

You can only redeem gifts or shopping vouchers in the card-issuing bank's mall. This can achieve the purpose of exchanging money with your credit card. For example, if you exchange a gift in the card-issuing bank's points mall, the value is 200 yuan. If you use 100,000 points, it is equivalent to exchanging the 100,000 points in your card for 200 yuan in cash.

What can be exchanged for 100,000 points on a credit card and how much value can be exchanged for? The regulations of major banks are different. For example, 1,000 points on a Bank of Communications credit card is equal to 2.5 yuan in the Points Paradise of Bank of Communications. 100,000 points can be exchanged for 250 yuan worth of goods. Bank of Communications Wal-Mart Credit Card (points can be used to offset spending in Wal-Mart stores, up to 1%), Guangfa Taobao Credit Card (accumulates 1 Jifenbao for every 5 yuan spent, and 100 Jifenbao is worth ￥1 yuan). The ratio of ICBC credit card points to cash consumption is 667 points: 1 yuan, and 100,000 points can be used to offset 149.9 yuan.

It is rare for credit card points to be redeemed for cash. Banks generally encourage cardholders to use their cards to redeem product rewards. Even if there is a discount for redeeming cash with a credit card, banks usually return the amount in points ranges, and there is very little cash that can actually be obtained.

Different bank card points can be redeemed for cash in different ways. Taking ICBC as an example, the ratio of ICBC credit card points to cash consumption is 667 points: 1 yuan, and 100,000 points can be used to offset 149.9 yuan. You can also use points to redeem Jingdong Steel. 6667 points can be exchanged for ten steels. Ten steels are equal to 10 yuan. You can use 6667 points to redeem ten yuan in cash.

How to exchange credit card points for cash?

Major banks do not support converting credit card points directly into cash.

Most of them are virtual items or physical objects from the points mall. Of course, if the points are converted into goods and then sold through the trading platform, they can naturally be converted into cash. In addition, some banks now support converting points into credit cards or instant discounts, such as in the WeChat wallet card binding interface.

You can directly exchange Shanghai Pudong Development Bank credit card points for instant discounts. The exchange ratio is 1,600 points = 1 yuan, which can be used as cash when paying. In addition, points can also be exchanged for takeout deductions in the Bank of Communications Pay Bar APP, which can be used as cash to a certain extent.

Extended information:

The credit card points are introduced as follows:

You can download each bank’s credit card APP to learn more about the rules for using points, but if you want to redeem the points for Withdrawing cash to bank cards is currently not supported through official channels. In situations like decoration, the amount of credit card swiping is relatively large, and the credit card points that can be earned are also very generous. Tens of thousands of points can generally be exchanged for goods worth 100 to 300.

In addition to credit card cash installments, you can also combine credit card bill installments with cash installments. You can use your credit card as much as possible to make various payments for decoration. You can also get credit card points by making good use of the interest-free period of your credit card.