, Owe less favors
When you are in urgent need of cash to meet your urgent needs, if you are embarrassed to ask your relatives and friends, you can overdraft your credit card at this time, although 5 out of 10,000 Interest is like loan sharking, but compared to owing favors to others, you have to weigh what is more important.
2. Relatively safe
, 3. Clean and hygienic
With large cash flow, you can imagine the bacteria on the coins, and credit cards are the only Several cashiers have touched it - even if the credit card is dirty, it can still be disinfected and cleaned.
4. Save money
Many banks’ credit cards have cooperation or promotions with merchants. For example, you can get cash back if you swipe the card as much as you want, or you can go to a movie or eat out. There is a 20% or 50% discount on Western food. In addition, credit card points can also be redeemed for some gifts in daily life, and there are even some lottery activities.
5. Convenience
If the credit card has the "VISA" or "MasterCard" logo, you can directly swipe the card for consumption abroad, while the debit card or cash must be exchanged first; in addition, It is also very convenient to use a credit card to book air tickets and hotels, make phone or online purchases, rent a car, etc., but a debit card may not have this advantage - because in addition to direct swiping, the credit card also has a "pre-authorization" function; and it does not exist. The embarrassment of changing change.
6. Relieve economic pressure
If there is a certain amount of financial pressure to pay a relatively large amount of consumption in one time, you can use a credit card to pay in installments and enjoy your favorite items in advance; although You need to pay a certain handling fee, but compared to the intangible value of being able to enjoy it for half a year or even a year in advance, I think it is worth it. Of course, you should spend within your means in advance.
7. Accumulate personal credit records
Using more credit cards and repaying them in full on time can improve your credit limit and credibility. At the same time, the People's Bank of China's personal credit information database has Once you have a good credit record, it will be much easier to get approved for a loan to buy a house or a car in the future.
8. Apply for an additional card
If you apply for an additional card for your family, especially for your children, you will basically have a grasp of their financial status such as consumer spending, which will facilitate education. Children’s financial management and consumption awareness.
9. Convenient financial management
After the credit card statement date, we will receive a detailed consumption statement in the form of paper or email. From the statement, we can clearly understand our own expenses in the previous month. consumption and expenditure.
10. Additional benefits
Some credit cards also provide free accident insurance, medical insurance, towing and car washing, enjoy the services of banks or airport VIP lounges, and can also redeem points for flights and exchanges. Advantages and disadvantages of gasoline, etc.
1. Blind consumption
Swiping a card is not like spending money one by one like paying cash. Once you swipe it, there is no feeling, just a few numbers, leading to blindness. Consumption, spending money like running water. However, can you be irrational about what you should buy and what you should not buy? !
2. Excessive consumption
Laptop installment, digital camera installment, smartphone installment, while enjoying your favorite items in advance, you also have to consider when repaying the loan next month Is your salary just a drop in the bucket?
3. High interest rates
If you do not know how to take care of your credit card and cannot repay the loan as scheduled when the final payment date arrives, the bank will charge a certain interest fee to avoid greater risks. I only have myself to blame.
4. Annual fees are required
Credit cards basically have annual fees, but they basically have annual fee-waiving policies. For example, CCB only needs to pay three times a year to waive the annual fee. ; On the contrary, the debit card has received small fund management fees since 2006, and it will cost ten or twenty yuan a year. If you apply for a credit card and you can't do it or don't know how to use it three or five times a year, then the bank should charge you an annual fee.
5. Theft
Credit cards are basically used by default without a password. This makes it easy for others to use the card when it is lost or stolen, causing unnecessary trouble or loss; but in fact, credit cards can also apply for swiping purchases with passwords - it depends on how you manage your credit card.
6. Impact on personal credit record
Long-term malicious arrears will naturally affect personal credit record, and may even be blacklisted by banks. It will be difficult to obtain loans from banks to buy houses and cars in the future. ——But if you didn’t ask for it, it means you don’t know how to manage money yourself.