Sihai network

Credit card smart repayment app, known as smart repayment, is actually repeatedly cashed out

most of the smart repayment platforms on the market require customers to reserve 5% - 10% of the available limit in the card every month to deal with the bill arrears, and make use of the time difference between the bill date and the repayment date to achieve the so-called perfect treatment. In other words, intelligent repayment actually means cashing out the reserved amount in the card from the monthly bill date of the credit card to the repayment date, so that the cardholder can use the funds of the reserved amount of the credit card to repay the current credit card bill. In essence, it still belongs to the bill of returning the credit card with the money of the credit card. In addition, the smart repayment platform also needs to charge a handling fee. Usually, customers need to pay a handling fee ranging from 0.5% to 0.75% of the total repayment amount to maintain the operation of repeated cash out repayment every month. For cardholders, using the smart repayment software actually increases the total expenditure burden. At the same time, there are also many risk points hidden, such as the risk that the cash out operation is found by the bank, the risk of personal information disclosure, etc.