Credit card limits vary from person to person. If it is just for personal consumption, it is recommended not to exceed twice the monthly income. Otherwise, if you make occasional impulsive purchases, you are likely to create repayment pressure. For those who are engaged in business and entrepreneurship, the more the better.

I have seen many people proud of not using credit cards, boasting that they live within their means and do not owe foreign debts. Indeed, for people who lack self-control and financial planning capabilities, credit cards and ubiquitous consumer finance are scourges that are very likely to drag them into the quagmire.

On the contrary, if you have good financial management skills, can use funds in a planned way, and often need large amounts of turnover, you can easily increase your financial leverage at any time by making good use of credit cards and amplify your profits. , reduce debt costs, make life easier, and allow business to be expanded and expanded freely.

From my personal point of view, I rely more on credit cards. I try to use credit cards to pay for daily consumption and company turnover. First, you can maintain the card, continuously increase the limit, and increase points. The second is to always have cash on hand for emergencies.

Take the China Merchants Bank credit card that I often use as an example. November 20th to December 19th is the December billing cycle, and the repayment date is January 7th. If I need a large amount of cash flow on November 20, and I use the temporary credit limit on my credit card to pay 150,000, then as long as I pay it off before January 7, I don’t need to pay any interest, and I can enjoy 48 days of unsecured and interest-free funds. .

According to the general borrowing interest rate of 12-18 yuan from small loan companies, for 150,000 yuan and 48 days, I not only need to pay interest of 2,367 yuan to 3,550 yuan, but may also have to provide collateral.

Using multiple credit cards from different banks can increase the interest-free loan limit by nearly 1 million, which gives me a good sense of security and is enough to cope with most emergencies. Moreover, different credit cards have different billing dates and repayment dates. If used properly, you can increase the interest-free period longer.

Of course, please pay special attention and be sure to pay off the loan before the repayment date. Otherwise, you will face an actual interest rate of more than 15%, which is accumulated on a monthly basis, just like a small loan company, and the cost is very high.

I have three credit cards, the Industrial and Commercial Bank of China Gold Card with a limit of 100,000, the Bank of China Small Platinum with a limit of 50,000, and the China Construction Bank Small Platinum with a limit of 30,000. The number of credit cards and the limit are not very high, as long as they are enough. The credit card limit is an interest-free loan from the bank for everyone, without collateral. It is a reflection of personal credit and must be used well. Use your credit card wisely to manage your finances. If you don’t manage your finances, they will ignore you. Borrow money from the bank for consumption, put your own money into various monetary funds for financial management, and accumulate over time, the little becomes more. Make repayments on time to ensure good credit. This is clever use of credit cards to manage money!

The appropriate amount depends on how you use it and your usual expenditure status.

Today’s credit cards are largely used as living reserves for some families. From this perspective, it depends on whether you or your family have insurance. If so, there is a limit of tens of thousands. It is enough to meet unexpected needs; if not, you may need a little more to cover family emergencies and related medical expenses.

Of course, if your income and financial situation are relatively good, the amount you need may be more of a low-interest lender when you need a lot of money at a certain point. Therefore, the amount should be proportional to the usual use of funds.

Therefore, the appropriate amount is an unfixed proposition and is determined based on each person’s actual usage, usage scenarios, usage habits and other different circumstances.

The key to this problem lies in your heart. If you are a self-controlled person, then a credit card is a good thing, otherwise it is a time bomb.

Three cards, no more, no less, with a limit of 150,000, which are not used at ordinary times, that is, in case of emergency