Use Credit Cards Responsibly: Don’t Use Them Just for the Sake of Using Them
Recently in the credit card industry, some people are processing credit card transactions for others to complete spending requirements or earn rebates. Generally speaking, without a trust relationship, this kind of work is hard to do, especially since credit card spending usually involves large amounts.
However, there are always some people who, to complete credit card spending requirements (spend a certain amount to waive annual fees, get cashback, receive lounge access, etc.), force themselves to process orders using credit cards' interest-free periods to advance funds. They help others buy flights, shopping carts, and other things. If they're just losing money buying one thing and selling another, that's acceptable. The problem is that many cardholders go through intermediary transactions to give to people in need, not connecting themselves, and not going through platforms.
Intermediaries initially process payments quickly, but as transaction frequency increases and trust grows, it gradually evolves to next-day, weekly, ten-day, or even monthly settlements. When the payment period is longer and there are many intermediaries, one person's credit card limits can be tens of thousands to hundreds of thousands of dollars. With dozens or hundreds of people below them, isn't it tempting for an intermediary to see all this money? Monthly accounts hold tens of millions, and as long as they get tempted, they'll run away.
This case in the industry was directly linked to over twenty million, after which we lost contact.
Of course, ordinary people should still consider getting credit cards and using them reasonably. Using cards responsibly is a good thing. What we fear is forcing spending just to meet requirements for various benefits.
》Guide for Ordinary Cardholders
