Why do banks encourage people to use credit cards?

A large part of bank performance comes from credit cards. Recommending users to apply for credit cards can not only increase revenue, but also increase user stickiness. . Therefore, bank staff will actively recommend users to apply for a credit card. In addition, each bank employee will have a monthly quota for applying for a card. In order to achieve the quota, the workers will also actively recommend users to apply for a card.

Whether a user needs to apply for a card depends on their own needs. If there is no need to apply for a card, the user does not need to apply for a credit card. .

Before canceling the card, you need to pay off the outstanding balance, settle the annual fee, and withdraw the remaining balance. When canceling the debit card at the counter, just withdraw the balance.

Before canceling your credit card, please note that if there is an overdue record on your credit record, it is not recommended to cancel it. If you cancel at this time, the overdue records will be kept for a long time. It is recommended to maintain good repayment habits and wait until the overdue records are covered before applying for cancellation.

Different types of bank cards have different cancellation methods: Debit card:

Debit card cancellation can be done by yourself or automatically by the bank. . To cancel on your own initiative, you only need to go to a bank branch with your ID card, bank card and other relevant information. In the case of automatic cancellation by the bank, you need to clear the bank card balance yourself to handle it. Generally, when there is a bank card that has not been used for a long time and has a small balance, the bank will automatically cancel the account.

Credit card:

Credit card accounts can be canceled by calling customer service or canceling at bank branches. In the case of phone cancellation, the user can call the customer service hotline of the credit card and ask customer service to help cancel the card. In the case of cancellation at the counter, the user needs to bring their ID card, credit card and other relevant information directly to the branch of the credit card issuing bank to handle the process

Process:

First of all, if the bank card is a debit card, then There is no need to cancel the card. When there is no more money in the card, the bank card will enter sleep state. After a while, the system will automatically cancel the bank card.

If you must cancel the card, you can only go to the bank counter in person to cancel it. You need to take your ID card to the place where the account was opened to cancel it. Remember, you must go to the place where the account was opened. This cannot be done in another place.

If it is a credit card, because the credit card can be overdrafted, it is best to take it to the bank to cancel it if you no longer use it, and there is no interest on the money in the credit card.

Before canceling your credit card, please note that if there is an overdue record on your credit record, it is not recommended to cancel it. If you cancel at this time, the overdue records will be kept for a long time. It is recommended to maintain good repayment habits and wait until the overdue records are covered before applying for cancellation.

Why use a credit card?

Credit cards have many benefits. For the general public, the biggest benefit of credit cards is that they can consume in advance and pay off the debt the next month. For example, if you don't have money temporarily, but you see something you are interested in or want to buy for a limited time, you can swipe your credit card, buy the thing first, and then pay back the money after your salary is paid next month. In this way, you don’t have to miss the promotion period and you can get the items in advance. Why not?

In addition, if you are tight on money and need a large sum of money urgently, you can directly pay for it on your credit card instead of borrowing from relatives and friends. It is always better to borrow money from the bank than to borrow money from relatives and friends. Moreover, if you can pay back the money within the interest-free period, there will be no loss at all. Even after the interest-free period, there is no big loss in paying back some interest, because borrowing money from relatives and friends also requires interest.

In addition, using a credit card can accumulate personal credit. If the cardholder repays in a timely manner and has no bad records such as overdue payments or debt arrears, good personal credit can improve the loan success rate when applying for a loan in the future.

Credit cards also have another advantage that cannot be replaced by debit cards, that is, it is very convenient to spend abroad. The debit cards we usually use cannot be used for overseas purchases, but credit cards can be used directly overseas. Of course, this kind of credit card is also quite special, it is an international credit card. If necessary, you can apply for one in advance.

Also, spending with a credit card will generate points. When these points reach a certain amount, they can be redeemed for various discounts. The most common ones are movie tickets, Starbucks and hotel coupons, and video membership redemptions. Vouchers, etc., the rewards for redeeming credit card points from each bank are different. This is an additional benefit only available to those using a credit card, and does not require any money to be paid.

So it is very convenient to apply for a credit card. Not only does it allow you to spend money abroad as you like, but you can also get small surprises occasionally. The most important thing is that you have enough spare funds when you need money.

Why should you use a credit card? Just look at these benefits of credit cards.

With the advent of the era of credit consumption, major banks are constantly developing new credit card types in order to seize the market. Now Basically, everyone has one or even several credit cards. There are many friends who are still waiting and watching. Friends who have never applied for a credit card may still be confused about why they should use a credit card. Next, let me tell you the reasons why we recommend credit cards.

The reason why using credit cards is good is that credit cards maximize the time value of funds. The following are summarized benefits of using credit cards:

1. Credit card settlements are often accurate. to the merchant, so the statement is a very good bill, and the merchant information of the debit card statement is generally not so detailed. The credit card statement can be said to be a very good accounting tool;

2. Follow Compared with cash, credit cards are easier to carry. You can also get points by swiping credit cards, which can be exchanged for a large number of gifts provided by banks;

3. Compared with ordinary bank debit cards, credit card consumption does not require a password, such as eating at restaurants and bars. In this case, there is no need to follow the waiter to enter the password;

4. Some banks can repay in installments. Buying something can be divided into 24 monthly repayments, allowing you to consume in advance to a greater extent. This is also the case for most people. Understanding of why you should use credit cards;

5. Credit cards can synchronize expenditures with income. For example, if you spend money in March and get paid on April 8th, if you set the automatic repayment date of your credit card to the 10th, then it will be easy to automatically deduct money from your salary card after your salary is paid;

6. Credit cards are very convenient for international small-value payments, and there is no better alternative for international small-value payments.

Why do banks encourage consumers to use credit cards?

Although you don’t have bounty points, there are a lot of financial knowledge to discuss and design in this issue. I can’t explain them to you one by one, but what the bank needs to consider is most of the derivative income. What you see It's very specific, but as one of the main business entities, banks cannot get big returns considering this small cost.

1. Encouraging credit card swiping is actually a potential psychological suggestion. The longest repayment period is 56 days without interest. Unless you are also a meticulous person, generally using a credit card is an emergency. Remember the billing date. , it is most cost-effective to do it the next day, but how many people can do it? Do you think about this when you are in an emergency?

2. When you need to pay a large amount and you don’t have cash, a credit card can help you solve some problems. As long as you choose to repay the minimum repayment amount, you can avoid penalty interest. In fact, you have begun to be unable to live without it. I opened a credit card and the bank started charging interest. This kind of induced consumption will actually become addictive without knowing it. You are already using tomorrow's money, and the bank will also start to make profits. If you can calculate it, the interest rate on credit card consumption is actually not low.

3. Nowadays, almost all banks are listed companies. Listed companies have to assess a lot of performance, and the number of cards issued is also one of them. Not only cards, each card is a consumer credit, and the loan is the bank. Product sales, if the sales are good, the performance will naturally be good. The quality of a bank's service, especially for individuals, has a profound impact. I think, compare the reputation of China Merchants Bank and Industrial and Commercial Bank of China, and look at the cards you currently hold. I think this effect is self-evident. Metaphor. Compared with advertising, the cost of a card is nothing. What you buy is word-of-mouth and people's hearts. Besides, there is a usage fee for the credit limit. If you occupy the credit limit and do not consume, there will be an annual fee. As long as you consume, the bank will have it. The opportunity to earn interest, but I believe most people will be willing to fall for this sweet trick because everyone has to live.

4. The priceless rise, including housing prices, is actually the biggest direct driving force behind the scenes is banks, because everyone can use financial means to expand their spending power, so naturally whoever has the upper hand has the upper hand. And what all this brings to the bank are greater economic benefits. Especially Chinese banks, they will not fail because the Z/F is afraid of runs and various factors. Therefore, the banks themselves are guaranteed to make profits without losing money.

Why use a credit card? What are your tips for using it?

Hello everyone! I have been working in a bank for a long time and have many years of experience in using credit cards.

Next, I will share with you some of my understanding and experience of using credit cards.

1. Why use a credit card?

1. Credit card is the only debt instrument with a long interest-free period and has high use value. This is not available in any other loan type. This means that for a period of time, we can spend the bank's money for free to do our own things. When money is tight, you can use a credit card to tide you over without paying interest.

2. You can accumulate personal credit. Banks generally will not easily grant credit to "white credit accounts" that have no credit record in the Credit Reference Center of the People's Bank of China. Even if credit is granted, the loan amount will be very low, and the loan interest rate will not be any preferential. Young people who have just stepped out of society can accumulate personal credit by using credit cards and repaying their bills on time, laying the foundation for applying for mortgage loans, car loans and low-interest credit loans in the future.

3. You can accumulate points and participate in preferential activities. Using a credit card, you can accumulate points and redeem them for gifts or benefits. In order to seize the market and maintain customers, various bank credit card centers have launched many preferential activities. Some activities are very powerful. Activities such as 50% off food and 1 yuan to watch movies are very cost-effective and can save a lot of money.

4. Some credit cards have powerful functions and can facilitate daily life. For example, I applied for an ETC credit card from the Agricultural Bank of China a few years ago. The bank gave me a small machine called OBU for free. It was installed on the front windshield of the car. Every time I got on and off the expressway, I could use the ETC channel. It was very convenient. Convenient and saves a lot of queuing time. Compared with ordinary ETC cards, ETC credit cards do not need to be recharged in advance. You just need to remember to repay after using it.

As a modern financial tool, credit card can make our lives easier if used correctly. Below, I will tell you 3 usage tips.

2. Usage skills

1. Make good use of the interest-free repayment period. Credit cards are particularly cost-effective when making large purchases. Because during the interest-free period, we can deposit a large amount of money originally used for consumption in the bank to earn interest, or buy a short-term financial product. It is recommended that you apply for 2-3 credit cards. When making large purchases, calculate which card has the longest interest-free repayment period, and then use that card.

2. Try to repay the loan in full. There is a prerequisite for enjoying the interest-free repayment period, which is to repay in full. If you cannot repay the loan in full on or before the due date, the interest rate on the credit card loan is very high. The minimum repayment loan interest rate is 18.25%, and compound interest is charged monthly. Credit card installment loan interest rates are generally above 14%. If you really use a credit card to borrow money, the cost is very high.

After using the card for many years, I have only carried out two credit card installments. Once, the China Merchants Bank Credit Card Center held an event, and the installment could give me a backpack. I calculated the installment cost, and it was very cost-effective, so I carried out the installment. Another time, our bank issued a mandate that every employee must make a credit card installment. I had no choice but to make a second installment.

3. Pay attention to your own psychology of using cards and the bank’s marketing tactics. Never treat the credit card limit as your own money. Take myself as an example. I used to mainly use China Merchants Bank’s credit cards. After swiping the card, China Merchants Bank’s WeChat notification would only tell me the transaction amount, but not the remaining balance.

As long as the quota is not used up, you can use it. I have no idea how much I spend in a month and how much I have left. If you are not careful, you may mistake your credit card limit as your own money. When the bill day came, I found that the bill was quite large and a lot of money had been wiped out.

I think this is actually a marketing trick, and it should be done deliberately by the China Merchants Bank Credit Card Center in order to get cardholders to spend more money with their cards. It is technically very simple to add an available balance to the WeChat notification. For example, the WeChat notification of the Agricultural Bank of China credit card has "available balance".

In order to control spending, last year I unbound all the credit cards bound to WeChat and Alipay, and used debit cards for all small daily expenses. After each consumption, the balance can be seen in the WeChat notification of the debit card. As I see less and less money on my card, I will save some money. After a few months, I found that I spent less money every month than before.

You can also observe your own psychological changes. If you are like me, I suggest you use a debit card for daily sporadic expenses. Use a credit card when making large purchases or when you can enjoy discounts by swiping a credit card.

You have to pay back the credit card after you use it. Never treat the credit card limit as your own money.

Finally, let me ask you a question: Compared with not using a credit card, do you think using a credit card will make you spend more money?

I have been using credit cards for several years, and now I have several credit cards, so now I will share some tips on how to use credit cards.

1. Make good use of the interest-free period of your credit card.

All credit cards have an interest-free period of 20 to 50 days. If we swipe the credit card from the day the bill is issued, then we will have more than 50 days of interest-free period. Basically, the maximum number of days of interest-free period of each bank is similar.

I have three credit cards at once, and I adjusted the bills of the three credit cards to the 10th, 20th, and 30th respectively. When the bill comes out on the 10th, if I want to make a purchase in the next few days, I will immediately use the credit card with the bill on the 10th. I will also use other credit cards in the same way, so that I can use my credit card to the maximum limit. Interest-free period.

2. Accumulate personal credit.

This is what I heard from a friend. Most of us only use debit cards for daily deposits and have no other contact with banks. Then the bank will not have a good assessment of our credit, which will easily lead to difficulties when we need a loan to buy a car or a house.

3. Credit cards can be used for emergency needs.

As a rule of thumb, try to increase the limit of your credit card when it is possible, in case you need money urgently and don’t have enough money on hand. Credit card is a good emergency tool.

There was a relative in my family who needed tens of thousands of dollars urgently. At that time, I didn’t have that much cash on hand. Fortunately, I had credit cards. The total amount of several credit cards was around fifty or sixty thousand, and all three of them were maxed out. , I also made a little extra money, and by the time I had to pay back the money, I already had enough funds.

4. There are many discounts on credit cards

This is more convenient for friends who like to eat out and travel. There are many coupons on it, and you can save some money by redeeming them. .

I have a classmate who always likes to eat out, and he has a credit card. Sometimes the coupons can only be used by one person, and I happen to have one too. He asked me to redeem coupons for him many times, and each time I saved him a lot of money.

5. When using a credit card, withdraw money from cash and control consumption

Because credit cards have limits, and the credit limit is relatively large, it is easy to spend without restraint. Here, I will introduce you to a good method.

Let’s prepare one first, which is a temporary account, such as Alipay’s Yu’ebao or WeChat’s Lingqiantong. Whenever we spend an amount of money from our credit card, we transfer the money from our debit card or WeChat to this temporary account. Then we can clearly know how much we have spent, and we will not be so confused. It’s easy to overspend.

The above is my experience in using credit cards, I hope it can be helpful to everyone.

I have been using credit cards for several years, but I haven’t done any tricks. Let me briefly talk about my experience.

Banks issue cards for consumption, so as long as they accept credit card payments when buying things, you can use credit cards to increase your credit limit, waive annual fees, and earn points.

In the past, after I used my credit card for a period of time, the bank notified me to increase the limit. I thought it was useless and gave up. As a result, I was in trouble later when I wanted to withdraw it. I applied multiple times in half a year to withdraw 20,000 yuan, so don’t miss the opportunity he gave you.

Nowadays, credit card repayment is more convenient, but you must set up an automatic repayment method to avoid breaking your promise if you forget it. One time I forgot to return it, so I immediately contacted customer service. Fortunately, there was a temporary service, otherwise it would have been recorded in the credit report.

The interest-free period for credit cards is generally about 20-51 days, from the last bill date to the repayment date of the next month. For example, my bill date is the 2nd of each month, and the repayment date is the 22nd of each month. If I consume on January 3rd, I will repay on February 22nd. The interest-free period is the longest for use after the bill date, so I usually top up the gas card with a credit card before the 10th of each month.

If you don’t have the money to repay the credit card on the repayment date, you can use your credit card to repay it. The premise is that your credit card limit must be sufficient.

For example, I have to repay 8,000 yuan on the 22nd, but my salary has not yet been paid. If I don’t want to borrow money, I can use my credit card to make another virtual purchase of 8,000 yuan before the 22nd, then return the goods, and the 8,000 yuan will be refunded to the credit card, and I will pay last month’s bill. Returned. (For emergency use, do not maliciously swipe orders)

Credit card cash withdrawal fees are very high, usually 1%, which is very uneconomical. I didn’t understand it at first, but I remembered it after withdrawing it once and will never use a credit card to withdraw cash again. The interest and handling fees for installment repayment and the like are also very high, so use them as little as possible.

The above are some basic experiences for your reference.

First, the definition of credit card

A credit card is a credit certificate or certificate issued by commercial banks or companies that specialize in issuing credit cards to consumers who meet credit regulations. Credit card holders can go to stores with POS machines to swipe their cards for shopping or consumption, or they can make purchases at Internet shops. Finally, the bank will settle the bill with the merchant and the cardholder. The cardholder can overdraft within the prescribed limit, and there is a certain limit. Interest-free for the term. Simply put, the use of credit cards is a kind of overdraft consumption that uses cash in advance. It can also be regarded as a kind of overdraft consumption. It played a positive role in stimulating domestic demand and promoting economic growth in the early years.

Second, the positive factors of using credit cards

Some customers can use debit cards for shopping even if their income is sufficient. Why should they apply for a credit card and overdraw the credit card limit for consumption? One is the interest-free overdraft line. Free and interest-free cash advance, everyone feels that the interest-free transaction is like spending their own money. Generally, the interest-free date is calculated from the date of consumption until the repayment date. If the repayment date stipulated by the bank is exceeded, an additional fee will be charged. For those who charge interest, the longest interest-free day is 55 days and the shortest is 21 days; the second is the activities of banks and special merchants. Many merchants cooperate with banks for promotion. Customers who use credit cards can receive discounts or redeem points for purchases. For example, many merchants will name designated bank credit cards, and holders of this credit card can obtain prescribed preferential policies. The third is to accumulate credit. When many loan users apply for a loan, banks will check their credit records. For users who have not had a loan before, even if they have a credit card, it is an important credit reference standard. Using a credit card well will become a way to quickly approve a loan.

Third, tips on using credit cards

First, repay the loan on time without affecting your credit. For example, when the bill day comes out, the customer can see the consumption details and total amount of the previous period clearly. The repayment date must be remembered clearly, and the overdraft amount must be paid off on the repayment date or the day before at the latest. Now The bank stipulates a minimum repayment amount, and paying the minimum repayment amount will not affect your credit record.

Second, the biggest skill in using credit cards is how to maximize the interest-free period. Customers who use credit cards generally want the interest-free period to be as long as possible. How can this be maximized? Spending on the day or the next day when the bill comes out is the longest interest-free period. For example, for the Agricultural Bank of China QQ credit card used by individuals, the billing date is the 7th of every month. You must confirm that the bill comes out before spending. You can check SMS, WeChat, E-mails and ordinary letters can be used for consumption on the same day once they are released. If you are not sure whether you have come out or not, it is safer to wait until the next day. In this case, the bill for this period will not be released until the 7th of the next month, and the repayment date will be the 1st of the next month. For example, if you continue to consume after the bill comes out on December 7th, the bill will be issued on January 7th of the following year, and the repayment date will be February 1st, this will be 55 days (24 interest-free days in December and 31 days in January* **55 days)

Third, if your credit card is short of funds, you can apply for a deferral of repayment. The repayment date is coming soon, but you don’t have enough money on hand, you can apply to the bank to defer the repayment. Banks usually have a grace period of 1-3 days. After calling the bank to explain the situation, it will not be considered overdue and will not be recorded. Credit reference.

A credit card is like a double-sided knife. If you know how to use it, it can be beneficial to your life and finance. If you use it improperly, you will fall into the pit you dug. Credit cards have the following functions:

1. Spend in advance and repay in installments. Suddenly my mobile phone broke. I wanted to buy a new mobile phone for 6,000 yuan, but my salary was not paid. I could swipe my credit card and buy it first. After the salary is paid, it can be paid back in one lump sum or in installments.

2. An unexpected incident requires a sudden and urgent need for a sum of funds. If a family member or you get sick, you need funds urgently. You don’t need to borrow money from relatives or friends, a credit card is a timely help.

3. For overseas travel, credit cards can be swiped overseas in almost all countries around the world to avoid being unable to find a place to exchange local currency.

4. Use 40-56 days of interest-free consumption funds for financial management. If you buy a large consumer product worth 100,000 yuan, you have 100,000 yuan in cash and a 100,000 yuan credit card limit. You can swipe a credit card and deposit 100,000 yuan in the bank for financial management at a 3% annual rate, which is still 300 yuan a month.

5. Credit card shopping discounts include physical shopping malls and online shopping, with varying degrees of discounts.

6. Be cautious about over-consumption. Irrational consumption leads to overdue credit cards. Many people cannot afford to pay off their credit cards, and end up with heavy debts, with interest of 50,000 per day and 18% annual interest.

Credit cards are issued by banks and replace banknote transactions, which is convenient and fast. Each transaction is shown on the bill, which can be queried at any time, and there is a certain interest-free period.

Why are young people advised to use credit cards instead of Huabei?

Compared with their predecessors who took the "saving and consumption" route, today's young people no longer simply save money first and then spend it. Huabei is a product most used by young people today. According to a survey, more than 80% of Huabei’s active users are born in the 1980s and 1990s, and 40% of active users are born in the 1990s. And 60% of the Ant Huabei people are women.

First, you can enjoy more preferential activities by using a credit card. For example, you can get discounts on meals, book air tickets, hotels, and watch movies using your credit card. Different banks will organize activities with different merchants. And when you use a credit card, you get points. Once the points reach a certain level, you can use them for air tickets, hotels and other services.

The second coverage is wider. When it comes to coverage issues, you may not feel it at ordinary times, but as long as you go abroad, you will definitely have this experience. The commonly used QR code payment smart phone is used in larger and more developed duty-free shops and supermarkets. Credit cards can be used at any time in cities large and small around the world. Whenever you see UnionPay, it means you can use credit cards.

If you use the third credit card well, your personal credit score will naturally be high. Friends who have ever taken loans to buy cars or houses must have this experience. The first thing a bank should do if you want a loan is to review your personal credit record. If you use a credit card and have a good usage record, applying for the same loan will be much more efficient than someone without a credit card record.

Finally, the most important point is that the lender of the credit card is a bank, while the lender of Baitiao and Huabei is a small loan company (not JD.com, Ant!) Do you all know this? ?

This is the end of the introduction on why credit cards are advocated and why most people like to use credit cards. Have you found the information you need?