What is credit card cashing out?

by 188199 on 2009-03-03 19:02:00

I: What is credit card cashing?

A: Credit card cashing refers to credit card users not withdrawing cash through normal procedures (ATM / counter), but instead negotiating with merchants to withdraw cash under the guise of a card swipe. In layman's terms, after you swipe your card, we don't give you goods but directly give you cash, and the bank won't charge you a penny in interest.

II: Why cash out credit cards?

1. Emergency help, need cash. It's hard to ask friends for money due to face-saving issues, and you don't want to owe anyone favors. Moreover, in Beijing this realistic place, it's really difficult to borrow money;

2. Bull market stock trading, lack of funds. The more capital you have in a bull market, the more you earn. Entering the stock market carries risks and must be done with caution, but there is also a saying in China: "Wealth comes from taking risks." The risks involved still need to be judged by yourself;

3. Business turnover, need short-term funds. Many small and medium-sized enterprise owners used to take high-interest loans, but actually, credit card cashing is a better choice. High-interest loans often have mafia-like characteristics and extremely high interest rates, whereas we are a legitimate company with reasonable charges.

Cashing fee: 2% of the cashed amount, minimum charge 50 yuan

4. Interest: The bank does not charge any interest. You only need to pay us the corresponding handling fee, which is much lower than loan companies like Beijing Xinanyi Loan and Zhongan Xinye; since prices often fluctuate, please feel free to call for specific fees.

5. Safety: Absolutely safe. Malls have full video surveillance throughout the process. Those with concerns can make appointments to observe the entire process several times; all transactions are real and involve actual consumption, providing machine-printed invoice copies. All consumption earns points, double points for Minsheng cards, so banks will have no suspicions at all. It's equivalent to buying appliances on installment and then selling them to us at a discount. Actually, we buy the appliances you purchased at the mall's wholesale price.