1. Advantages of applying for a credit card:

1. You can use overdraft for consumption. When you have insufficient funds, you can swipe the card for consumption or withdraw cash.

2. Enjoy the convenience of installment. After a large purchase, you can pay it back slowly in installments.

3. Convenient travel and enjoy discounts. There are many different types of credit cards now. Some have the function of taking the subway and bus, some have discounts for booking air tickets and hotels, and some are convenient for converting foreign exchange when going abroad.

4. It is convenient for financial management and investment. Credit cards have an interest-free period of up to 56 days. During the interest-free period, users do not have to pay interest. Users can use their own money for investment.

5. Points can be redeemed for items. Generally, you will get points when you use a credit card to purchase items. The points can be used for shopping in the bank points mall.

2. Disadvantages of applying for a credit card:

1. After applying for a credit card, a credit report will be submitted. Once your credit card is overdue, an overdue record will appear on your credit report, which will affect own credit.

2. It will be stolen. If your credit card is stolen by others, it can easily be stolen and cause losses to yourself.

3. Let your consumption become irrational. If you use a credit card to consume without having to pay it back immediately and pay it back next month, it is easy for people to consume blindly.

Credit card is a very good small financing tool, the interest rate is low enough, it is available at any time, plug and play:

1. Overdraft consumption

Credit card is a credit financial instrument, so as long as it is a credit card, it has the function of overdraft consumption, and it can also enjoy the interest-free period. As long as the repayment is made before the repayment date, the bank will not charge any interest. If there is a shortage of funds, Users can also handle bill installments and minimum repayments, which is a really good feature.

2. Accumulate points

Generally, anyone with a credit card can accumulate points, which can be redeemed for goods, coupons, miles, annual credit fees, or even cash. This feature is deeply loved by The love of credit card users, especially the love of card gods and wooly people, to be precise, these are given for free, don't give up.

3. Fund turnover

Credit cards can usually be used for daily life consumption. However, if you really need fund turnover, you can also withdraw cash with a credit card. Although the cost is relatively high, it does work. To solve everyone's urgent needs, here is a brief introduction to the handling fees and interest for credit card cash withdrawals:

The cash withdrawal handling fees of each bank are different, and they are generally charged at 1-3% of the cash withdrawal amount. Interest is charged at 0.05 per day, and is calculated from the moment the cash is withdrawn. In addition, there is a fee for credit card cash withdrawals, which is overdue interest. Currently, most banks' credit card cash withdrawals do not support installments and minimum repayments. The payment needs to be paid off in full within the current bill. If it is overdue, overdue fees will be charged.

According to different classification standards, credit cards are mainly divided into the following categories:

(1) According to the credit card issuer, they can be divided into bank cards and non-bank cards;

(2) According to the storage medium of credit card information, it can be divided into magnetic stripe card and chip card;

(3) According to the different repayment methods, it can be divided into: credit card, quasi-loan Credit cards and debit cards;

(4) According to the different settlement currencies of credit cards, they can be divided into foreign currency cards and local currency cards;

(5) According to the different circulation scope, they can be divided into International cards and regional cards;

(6) According to the number of currencies in the credit card account, it can be divided into single-currency credit cards and dual-currency credit cards;

(7) According to the credit card affiliation , can be divided into main card and supplementary card;

(8) According to the different objects of credit card issuance, it can be divided into corporate card and personal card;

(9) According to the credit card holder Depending on status and credit status, they can be divided into unlimited cards, platinum cards, gold cards, and ordinary cards;

(10) According to the different shapes of credit cards, they can be divided into standard credit cards and special-shaped credit cards.