How to use a credit card

Now many people have one or two credit cards in their hands. Everyone knows that credit cards can be overdrawn, and cardholders can use credit cards to buy their favorite goods in advance.

Of course, credit cards are bank credit products after all, and if they are used improperly, they will be more troublesome. So how do you use a credit card?

Credit card is an overdraft tool provided by banks to cardholders. Users must keep in mind two dates when using credit cards, namely the billing date and the repayment date. On the bill date, the bank will summarize the bill of current consumption and issue a total bill.

Then the cardholder needs to pay off all the arrears in the current period before the repayment date to enjoy the interest-free period. If you don't remember these two dates, it's easy to overdue.

Many people use credit cards not because of lack of money, but to enjoy the interest-free period of credit cards, so cardholders should pay attention to the date of swiping their cards. Generally, you can enjoy the longest interest-free repayment period by swiping your card one day after the bill date.

In the process of using credit cards, people will not be able to repay in full. At this time, you can choose to repay by installment or the minimum repayment amount of the credit card to avoid overdue behavior.

However, if you choose these two repayment methods, the cardholder needs to pay part of the interest expenses.

How to use a credit card at an ATM?

Some card friends sometimes want to know the balance of their credit cards in order to repay in time, and ATM is the credit card inquiry channel that many card friends will choose.

Credit cards are used in ATM machines in the same way as savings cards. The cardholder only needs to insert the credit card into the ATM machine, and then enter the transaction password, so that the credit card account balance and available balance can be inquired.

If the user wants to withdraw cash through ATM, then click the cash withdrawal button, enter the cash withdrawal amount, click OK, and enter the transaction password to complete the cash withdrawal.

Note that there is no interest-free period for credit card withdrawal. From the date of withdrawal, the bank will charge interest at the daily interest rate of 0.05%, and there will be a handling fee for withdrawal. The general handling fee is about 1%-3% of the withdrawal amount.

Different banks have different regulations on cash withdrawal fees. Please consult the bank customer service for details.