China guangfa bank.

guangfa has a credit card. when you swipe your daily necessities on Friday, the merchant will give you money directly, and the money will be credited to your credit card account.

The cashback rule is actually very simple: firstly, you can get the proportional online shopping money by spending it on WeChat, Alipay and 1 designated e-commerce platforms (such as Meituan, JD.COM, Hungry, Guangfa Mall, etc.) → after you get it, you can get it the next month if the number of transactions reaches 1 and the total amount of online shopping money reaches the standard → after you get it, you can deduct the online shopping money you have received by spending it on 1 designated e-commerce platforms.

consumption → obtaining online payment → receiving → consumption → deducting bills → consumption, and so on.

disadvantages of credit cards

Credit cards can easily lead to excessive consumption. This is a common problem for people who are caught in card debt, and swiping the card does not hurt the banknotes, so the consumption of swiping the card is even more unrestrained.

The annual interest rate of credit card is as high as 18%, which is a usury, which can make the borrower lose blood quickly.

credit card debt brings mental stress. Some card slaves report that they are often afraid to open mailboxes or emails.

with bad credit, the cost of borrowing money is higher, and it is even impossible to borrow money.

Credit card provides an option to support debt with debt and quench thirst by drinking poison, which leads to debt out of control.

in addition, many "benefits" are actually hidden traps.

the short-term preferential interest rate is not worth the loss in the end. A certain percentage of people will turn emergency financing into long-term debts. Therefore, don't be tempted by short-term low interest rates and make unnecessary loans.

Too many personal credit lines are not evidence of good credit (repayment records are), but a risk in the eyes of financiers, which may push up the lending rate.

The giveaways of the feedback plan often accumulate dust in the garage. Instead of spending money to get the giveaways, it is better to save money directly.