The advantages and disadvantages of applying for a credit card are:

Benefits of credit card: Compared with ordinary bank savings cards, the most convenient way to use a credit card is that it can be used when there is no cash in the card. For ordinary consumption, in many cases it is enough to repay the consumption amount on schedule. You can make overdraft purchases without depositing. It is not only safe and convenient to swipe your card when shopping, but you can also get points as gifts. You can enjoy discounts when you use the card at the bank's designated merchants.

Disadvantages of credit cards: The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high fees will be charged. The interest on the amount is generally 0.05% per day. Developing the habit of blind consumption leads to blind consumption and spending money like water.

If you cannot repay on time, the bank will charge high interest. Long-term malicious arrears will naturally affect your personal credit record and even be blacklisted by the bank.