Using Credit Card Balance for Cash Conversion

Using Credit Card Balance for Cash Conversion

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Card kang, also known as 카드깡, refers to a practice where individuals use credit cards to purchase goods or services with the intention of converting them into cash. This method is often used to take advantage of credit card rewards or promotional offers. However, card kang is a controversial and risky practice. The transaction is essentially a form of credit abuse, as it can lead to financial instability and an increased risk of falling into debt.

It is important to recognize that many financial institutions and credit card companies may view card kang negatively. Engaging in this type of activity can potentially 신용카드 상품권 구매 result in penalties, increased interest rates, or even credit card cancellation. For individuals considering using their credit cards for cash conversion through card kang, it’s essential to fully understand the potential consequences and consider alternative methods for obtaining cash that are more financially responsible.