Advantages of credit cards:

1. Emergency

Credit card consumption avoids the trouble of paying cash for consumption in the past. Users can consume first and repay later, and use their funds as Very helpful when turnover is low.

2. Preferential activities

In order to promote credit cards and expand market share, banks have cooperated with many merchants. Consumers who bring their credit cards from the corresponding bank can enjoy discounts when purchasing at merchants. Wait for promotions.

3. Consumption deduction points

Users whose points reach a certain level can redeem gifts, including things and virtual items, in the points mall on the Credit Card Center website.

4. Personal creditworthiness

Banks attach great importance to the creditworthiness of lenders. Active use of credit cards can effectively enhance the bank's trust in you.

5. Online consumption.

Disadvantages of credit cards:

1. Irrational consumption

Credit cards are very convenient and fast to use, and it is easy to spend blindly.

Many people often apply for emergency loans when they have difficulty with cash flow in their lives. Baidu has money to spend: Du Xiaoman's small credit loan has a maximum limit of 200,000, a maximum loan period of 24 months, and an annual interest rate as low as 7.2%. The specific interest rate is shown on the loan page. You can borrow and repay flexibly at any time, apply for the whole process online, and there is no guarantee or mortgage. Submit the application and get the result within a few minutes. Once approved, you can get the money on the same day.

Reference material: Du Xiaoman Youqianhua official website

2. High interest rate

The bank has a repayment date. If the user fails to pay the loan before the final repayment date, If the current balance is paid off, interest and late fees will need to be paid to the bank.

3. Credit cards have annual fees.

4. Fraud fraud

The phenomenon of fraud is becoming increasingly common in society. Criminals use high-tech means to copy other people’s bank cards, credit cards and passwords, and withdraw cash for their own use, causing Property damage.