Purchasing Credit Card Gift Cards

Purchasing Credit Card Gift Cards

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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 score damage. This practice is illegal 카드깡 in some regions, and individuals who engage in card-ganging could face 신용카드 잔액 현금화 serious consequences if caught.