Converting Credit Card Gift Cards into Cash: A Solution or a Trap?

Converting Credit Card Gift Cards into Cash: A Solution or a Trap?

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Card-ganging, also known as card recycling or card flipping, is a controversial practice where individuals use their credit cards to generate quick cash. The process typically involves buying products with a credit card and then selling those products at a loss to get cash. It’s often done in a way that exploits credit card limits to obtain immediate funds. While it may seem like a quick solution to financial issues, card-ganging can lead to mounting debts, higher interest rates, and significant credit 소액결제 현금화 score damage. This practice is illegal in some regions, and individuals who 신용카드 잔액 현금화 engage in card-ganging could face serious consequences if caught.