Card-kang, or the practice of using a credit card for transactions and then liquidating the funds, has gained notoriety for its potential to offer quick access to cash. However, this method involves several risks that can have significant financial implications for users. Essentially, card-kang entails converting credit card purchases into cash by selling goods or services through third-party services that accept credit cards for liquidation.
While this may appear to be an easy solution for accessing cash, the hidden fees and high-interest rates associated with card-kang can make it an expensive option. Furthermore, the practice might be considered a form of 카드깡 credit card fraud in some cases, which can lead to legal trouble. For individuals considering card-kang, it’s essential to weigh the potential benefits against the financial and legal risks.