What is the routine of exchanging credit card points for cash?

The principle of converting credit card points into cash is to convert cardholder points into gifts. Then collect the gifts in cash according to a certain proportion of the value, and then concentrate on selling the gifts. And the cardholder gets the corresponding cash in his own hand. This is the general operation flow of exchanging credit card points for cash.

Converting credit card points into cash can only be converted into a certain proportion of credit card payment with the support of individual banks, which is also considered as cash conversion. Most bank credit card points can only be redeemed for gifts or shopping vouchers preset by the system.

1, SMS tells that credit card points can be exchanged for 5%-25% cash.

This type of message exchange is a known fraud. He sent short messages by criminals using pseudo base stations disguised as bank service numbers. Is the link secure?

What's more, 5% is converted into cash. Regular points acquisition rules: you can only get 1 points if you spend 1 yuan by swiping your card. Spend 10,000 yuan to get 10000 points. According to the ratio of 5%, 500 yuan can withdraw cash, and the cardholder can spend 1 10,000 yuan normally, so the bank can get the gross profit around 45 yuan. All the infidelities are caused on the basis of greed.

2. The operation of converting credit card points into cash

Credit card points can only be exchanged for small gifts or shopping vouchers at the issuing bank.

It's actually quite simple. His principle is to convert the cardholder's points into gifts. Then collect the gifts in cash according to a certain proportion of the value, and then concentrate on selling the gifts. And the cardholder gets the corresponding cash in his own hand. This is how to convert credit card points into cash.

There are many such platforms. There is already a platform to generate and upload an APP, download the APP directly in the mobile phone application market, and then contact customer service for one-on-one exchange operation. It usually takes 5- 10 minutes to complete the exchange and get the exchanged cash.

3. The validity period of points is generally two years at the longest and one year at the shortest. There will be a SMS reminder before the point expires, and it will be automatically cleared if it is not used within the validity period. For example, if you successfully applied for CITIC Credit Card on April 5, 2007, the points generated during the period from April 5, 2007 to April 4, 2008 will expire on April 5, 2009.