Because credit card users have a 56-day "interest-free consumption" period, once the cardholder cashes out, he can use the bank loan without paying interest during this "interest-free period". Therefore, credit card cashing enables cardholders to get cash while avoiding the high withdrawal fee of the bank, which is equivalent to getting an interest-free loan, which is very attractive. Simply put, credit card cashing is the act of withdrawing cash within the credit card limit by other means. Therefore, the way of cashing in credit cards is constantly being refurbished, and there are even many forums and hot posts on the Internet for netizens to exchange cash-out experience. The credit risk of credit card is further enlarged, and the participation of illegal merchants and illegal intermediaries has caused great impact on China's financial order. Credit card cashing

Cash in credit cards for personal credit card loans: For example, if a person has 65,438+00 credit cards, each with a quota of 65,438+00,000 yuan, then he can get a loan of 654,380+00 million yuan by cashing in. If he doesn't need it for the time being, he doesn't have to cash it, and the bank won't charge him interest. Cash-out of credit cards makes credit cards personal loans, even at a lower cost than loans, and when not in use. Therefore, banks will continue to strengthen risk management.

Note that it is illegal to do so. The key point is not the bank card but the pos machine! ! !