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

In recent times, the price of gold has been fluctuating at high levels and has hit new highs multiple times. Some investors are tempted by the high returns and are trying to arbitrage by cashing out through credit cards or misappropriating consumer loan funds for gold trading, with many related strategies appearing on social platforms. Reporters have learned that this arbitrage method typically involves using a credit card to purchase gold at physical stores or online platforms, taking advantage of the interest-free period of the credit card. After the price of gold rises, the gold is then sold to earn the price difference, pay off the bill, and make a profit. Sometimes, the cost of buying gold can be further reduced through credit card promotions. In response to this irregular investment behavior, many banks including Industrial Bank, Bank of Communications, Bank of Jiangsu, and Guangfa Bank have recently issued announcements explicitly prohibiting the flow of credit card funds into the gold, stock, and other investment fields. Violators will face control measures. Financial analysts state, "If investors use credit card funds to speculate in gold in violation of the rules, once discovered by the bank, they may face penalties such as account freezing and credit downgrade. If they use illegal cash-out and other means to obtain credit card funds for gold speculation, they may be involved in illegal activities such as money laundering and credit card fraud."