What is the method for exchanging credit card points for cash?

The principle of converting credit card points into cash is to convert the cardholder’s points into gifts. The gifts are then recovered in cash according to a certain proportion of their value, and then the gifts are sold centrally. The cardholder gets the corresponding cash in his or her hands. This is the general operation routine for converting credit card points into cash. Only certain banks support the conversion of credit card points into cash. They can be converted into a certain proportion of card swiping funds, which can be regarded as redeeming cash. Most bank credit card points can only be redeemed for gifts or shopping vouchers preset by the system.

1. The text message informs that credit card points can be exchanged for 5%-25% cash. This type of redemption text message is a known fraud method. He sent text messages through fake base stations disguised as bank service number ranges by criminals. Is the link secure? Not to mention the 5% rate of redemption into cash. Regular points acquisition rules: Only 1 yuan spent by swiping the card will earn 1 point. Spend 10,000 yuan to get 10,000 points. According to the 5% ratio, you can get 500 yuan in cash by redeeming it. However, if the cardholder spends 10,000 yuan with the card normally, the bank will only get about 45 yuan in gross profit. All deceptions are caused by taking advantage of others.

2. The operation of exchanging credit card points for cash. Credit card points can only be exchanged for small gifts or shopping coupons at the issuing bank. It's actually very simple. His principle is to redeem cardholders’ points into gifts. The gifts are then recovered in cash according to a certain proportion of their value, and then the gifts are sold centrally. The cardholder gets the corresponding cash in his or her hands. This is how credit card points are redeemed for cash. There are many such platforms. Some platforms have already generated and uploaded the APP. You can download the APP directly from the mobile application market, and then contact customer service to perform one-on-one redemption operations. It usually takes 5-10 minutes to complete the exchange and get the cash you exchanged.

3. Points are generally valid for a maximum of two years and a minimum of one year. Normally, you will receive a text message to remind you before the points expire. If they are not used within the validity period, they will be automatically cleared. For example: If you successfully apply for a CITIC credit card on April 15, 2007, the points generated from purchases from April 15, 2007 to April 14, 2008 will expire on April 15, 2009.