Banks strictly prohibit cashing out credit cards for "gold speculation".

In recent times, the price of gold has been fluctuating at high levels and has reached new highs multiple times. Some investors, tempted by high returns, have tried to profit by using credit cards to cash out or misappropriate consumer loan funds for gold trading. Many related strategies have also been seen on social media platforms. Journalists have learned that this type of arbitrage usually involves using a credit card to purchase gold from physical gold shops or online platforms, taking advantage of the interest-free period of the credit card. After the gold price rises, they sell the gold to make a profit and pay off the bill with the difference. Sometimes, they can further reduce the cost of buying gold by taking advantage of credit card promotions. In response to these irregular investment behaviors, many banks such as Industrial Bank, Bank of Communications, Jiangsu Bank, and Guangfa Bank have recently issued announcements explicitly prohibiting the flow of credit card funds to gold, stocks, and other investment areas, with violators facing control measures.