The scary thing about credit cards comes from the improper use of the card holder. If the card holder spends sensibly and repays on time, the credit card can actually bring us a lot of help. of. I hope everyone will use their cards well in the future and avoid any adverse consequences.

High Overdraft Interest Credit card overdraft interest rates are quite expensive. For example, the cardholder Mr. Zhang overdrafted his credit card by 0.6 yuan when he was in school. Unexpectedly, 6 years later, his money rose from 0.6 yuan to 9267.2 yuan, and he was also blacklisted by the bank. Now, he can't apply for a loan to buy a house. Pulse Consumption Due to the convenience of credit card consumption, many cardholders spend money blindly, like running water, until the final repayment cannot be realized. In the high-tech era, some criminals have begun to use high-tech means to steal users' passwords and card numbers, which will cause a lot of trouble.

Non-repayment affects personal reputation. If the cardholder fails to repay overdue, it will affect the cardholder's personal credit and affect future loans. Too many credit cards can lead to you not remembering which card to repay, resulting in high interest rates, or a bad credit record.

Credit card annual fees Although all credit cards have provisions for lowering annual fees, the main purpose is to stimulate your consumption, otherwise you will be charged the annual fee for the second year. Many people want to sell their credit card after it expires. You should know that even if you sell your credit card, past due records will remain on your credit report for five years. So don’t rush to sell your credit card after it expires. Keep using it, repay it on time, and build up credit.

Since the credit card repayment information will be recorded on the personal credit report for 24 months, and if you continue to use the credit card, the new repayment information will gradually crowd out the overdue records. Credit cards are like a double-edged sword. Only by using it properly can you take advantage of it. Therefore, you must use your credit card correctly, spend rationally, repay on time, and remember not to overdue, otherwise the consequences will be very serious.