Credit card cash is illegal, use it in three ways.
In the face of the turbulent inflation tide, ordinary residents can be said to be both at the same time. On the one hand, prices are soaring, daily expenses are increasing, and the money on hand is not enough. On the one hand, banks are tightening monetary policy, and it is difficult and costly to obtain bank loans. The problem of capital turnover is big. Under such circumstances, credit card cashing has become a realistic means and means for many people to obtain cash.
For cardholders of credit cards, they usually choose to illegally cash out, because this is a business that banks are not allowed to do, so it is called illegal, but the cash-out procedure is convenient, the overdraft limit is large, and the cost is lower than the legal cash-out. many. Due to the huge demand and profit margin, credit card cashing has become a kind of business. There are professional credit card cashing agencies to do it. They are very familiar with the rules of credit card cashing, which can help cardholders achieve the purpose of cashing. Of course, they do not There may be free services, and definitely charge according to certain standards. Generally speaking, the illegal set of credit cards can be processed in the following three ways according to the credit card status and needs of the cardholder.
The first way is to withdraw cash directly. The Card Holder of the credit card will swipe the card to the designated POS machine according to the requirements. Of course, the transaction process is virtual, and then the credit card intermediary will directly send the cash to the cardholder, and directly cash out in this way. A credit card cashing intermediary company that provides direct cash withdrawal services generally has a fixed-use account, and applies to the acquirer for a pos machine, or cooperates with a POS-based merchant. The cardholder uses the form of virtual transaction to credit the credit line within the credit card. After the transaction is completed, the credit card cashing agent will deliver the cash directly to the cardholder after receiving a certain fee. The standard charge is about 2%. Because of the fierce competition in this industry, it is generally possible to bargain.
The second way is to make the transition, because the credit card is an overdraft, as long as the money is credited to the bank's designated repayment account before the repayment date, you can continue to get a new credit line. For the cardholder, if there is no money to pay back, you can use the help of the credit card intermediary to make a one-time payment of the card debt by the credit card intermediary company before the credit card's last repayment date. Of course, your credit card is also Must be there. After the repayment date, the bank is credited, and the new credit line is credited. The credit card intermediary will transfer the funds that have been advanced to their account. Of course, a fee of about 2.5% will be charged. The remaining credit cardholders will be charged. If you want to continue cashing, you can stay in the card.
The third way is to empty the cash card. Even if the credit card's credit limit is overdraft, it can still be cashed in a certain way. The empty card is difficult to cash in, and the charging standard is also very high. The cardholder can hold the overdraft credit card, through the intermediation service and contact of the credit card intermediary company, can go to the large-scale stores that have business contacts with the bank to make virtual payment by installment, which can also achieve the goal of cashing, but because of this The method requires the cooperation of the merchants and the risk is high, so the handling fee is as high as 10% to 18%.
Regardless of the type of illegal cashout, the largest risk takers and cost bearers are cardholders, so don't use them unless you have to. The use of illegal cashing not only faces the risk of personal credit card information being leaked, but also the risk of falling into the card debt crisis. It may even be on the bank's credit blacklist. In addition to emergency use, it is best not to use illegal cashing. To get cash, the risk is high and the cost is high.
In the face of the turbulent inflation tide, ordinary residents can be said to be both at the same time. On the one hand, prices are soaring, daily expenses are increasing, and the money on hand is not enough. On the one hand, banks are tightening monetary policy, and it is difficult and costly to obtain bank loans. The problem of capital turnover is big. Under such circumstances, credit card cashing has become a realistic means and means for many people to obtain cash.
For cardholders of credit cards, they usually choose to illegally cash out, because this is a business that banks are not allowed to do, so it is called illegal, but the cash-out procedure is convenient, the overdraft limit is large, and the cost is lower than the legal cash-out. many. Due to the huge demand and profit margin, credit card cashing has become a kind of business. There are professional credit card cashing agencies to do it. They are very familiar with the rules of credit card cashing, which can help cardholders achieve the purpose of cashing. Of course, they do not There may be free services, and definitely charge according to certain standards. Generally speaking, the illegal set of credit cards can be processed in the following three ways according to the credit card status and needs of the cardholder.
The first way is to withdraw cash directly. The Card Holder of the credit card will swipe the card to the designated POS machine according to the requirements. Of course, the transaction process is virtual, and then the credit card intermediary will directly send the cash to the cardholder, and directly cash out in this way. A credit card cashing intermediary company that provides direct cash withdrawal services generally has a fixed-use account, and applies to the acquirer for a pos machine, or cooperates with a POS-based merchant. The cardholder uses the form of virtual transaction to credit the credit line within the credit card. After the transaction is completed, the credit card cashing agent will deliver the cash directly to the cardholder after receiving a certain fee. The standard charge is about 2%. Because of the fierce competition in this industry, it is generally possible to bargain.
The second way is to make the transition, because the credit card is an overdraft, as long as the money is credited to the bank's designated repayment account before the repayment date, you can continue to get a new credit line. For the cardholder, if there is no money to pay back, you can use the help of the credit card intermediary to make a one-time payment of the card debt by the credit card intermediary company before the credit card's last repayment date. Of course, your credit card is also Must be there. After the repayment date, the bank is credited, and the new credit line is credited. The credit card intermediary will transfer the funds that have been advanced to their account. Of course, a fee of about 2.5% will be charged. The remaining credit cardholders will be charged. If you want to continue cashing, you can stay in the card.
The third way is to empty the cash card. Even if the credit card's credit limit is overdraft, it can still be cashed in a certain way. The empty card is difficult to cash in, and the charging standard is also very high. The cardholder can hold the overdraft credit card, through the intermediation service and contact of the credit card intermediary company, can go to the large-scale stores that have business contacts with the bank to make virtual payment by installment, which can also achieve the goal of cashing, but because of this The method requires the cooperation of the merchants and the risk is high, so the handling fee is as high as 10% to 18%.
Regardless of the type of illegal cashout, the largest risk takers and cost bearers are cardholders, so don't use them unless you have to. The use of illegal cashing not only faces the risk of personal credit card information being leaked, but also the risk of falling into the card debt crisis. It may even be on the bank's credit blacklist. In addition to emergency use, it is best not to use illegal cashing. To get cash, the risk is high and the cost is high.
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