The analysis is as follows:

1. Do not overdraft to withdraw cash

Many friends like to use credit cards to withdraw cash at ATMs when they do not have enough money with them. Little do they know that , overdraft withdrawals are expensive. You cannot enjoy the interest-free period when withdrawing cash from a credit card overdraft. The amount of cash withdrawn is calculated based on the daily interest rate of 5/10,000, and a cash withdrawal fee will be deducted, ranging from tens to hundreds.

2. Grasp the best time to swipe your credit card

Everyone knows that credit cards can enjoy an interest-free period of 25~~56 days. There is a difference of one month between the longest and the shortest. How come? What's going on? The key point here is the card swiping time. Credit cards have a billing date. If you swipe the card on the first day after the billing date, you can enjoy at least a 50-day interest-free period. If you swipe the card on the billing date, you can only enjoy a 25-day interest-free period.

3. Timely repayment

When the credit card statement comes out, there will be a final repayment date. Be sure to repay before the final repayment date. If you fail to repay the loan by the final repayment date, the bank will not only charge overdraft interest but also late payment fees. In severe cases, it will cause bad credit and cause a lot of inconvenience for future loan applications.

4. Do not use the minimum repayment amount for repayment

If you can repay in full, do not use the minimum repayment amount for repayment. Although the bank allows a minimum repayment amount and will not cause a bad credit record, additional interest will still be incurred on the unpaid balance.

5. Do not over-deposit on a credit card

An over-deposit on a credit card is the excess deposit after the customer pays off the balance. For credit card overflow deposits and withdrawals, many banks will charge additional handling fees (there are also a few banks that do not charge them).

6. Tips for avoiding annual fees

Credit cards charge annual fees. Generally, after application, annual fees will start to be charged the following year, ranging from 80 yuan to 200 yuan, or even more. . The editor myself has had the experience of being charged an annual fee of 160 yuan, which was very frustrating. How can I waive the annual fee?

Many banks now have regulations that waive the annual fee for the following year after the card is swiped a specified number of times in a year. Therefore, if you don’t swipe your credit card a few times during daily shopping, after the stipulated number of swipes is reached, the annual fee will be waived, and you will save a lot of money!

7. Redeem points for rewards

In order to encourage customers to use the card, the bank will calculate points based on the customer's consumption amount, and the points can be redeemed for gifts. So when you usually shop, swipe your credit card wherever you can swipe your credit card (regular merchants), and accumulate points to redeem gifts!

8. Rational installment payment

Many banks provide customers with installment payment services, ranging from 3, 6, 12, and 24, to facilitate early consumption. Installment payments will incur additional costs, please understand this. If you must pay in installments, you must first understand the fees, because banks charge different fees for different installments. Often, the longer the period, the higher the fees.

9. Reject illegal cash out

Did you see "illegal"? Credit card cash out is illegal. Many friends will use credit cards to cash out when they are short of money. You must know that the bank will check the records! ?

Extended information:

Introduction to product features

1. There are many types of cards, with novel and beautiful styles, which are easy to attract people.

2. The service attitude of telephone banking is very good and very convenient.

3. Electronic banking and mobile phones are linked together and are relatively safe.

4. There will be an email notification for every purchase, and a text message reminder for every online transaction and general card transactions over 300 yuan.

5. Powerful online banking functions, the public version can be used directly, with various functions such as querying bills and details, querying points, opening cards, setting online transaction limits, and self-service bill installments.

6. The annual fee for China Merchants Bank credit card is waived in the first year. Generally, the annual fee for the next year can be waived after 6 purchases.

7. There is no annual fee for the China Merchants Bank All-in-One Card, only an account management fee.

8. The account management fee is only for debit cards such as the China Merchants Bank All-in-one Card. If the China Merchants Bank All-in-One Card is bound to the China Merchants Bank credit card, the account management fee for the All-in-one Card will be waived, but the annual fee for the credit card will be waived. The exemption method is only valid if you consume more than six times (including six times).

9. Rich and diverse activities and discounts, including Sanya, Taotie Food Season activities, etc., covering all areas of life.

10. China Merchants Bank Credit Card launched a mobile life platform. You can use your mobile phone to buy movie tickets, recharge mobile phones, check nearby special merchants and provide discounts. More and better applications are being launched one after another.

However, China Merchants Bank's credit card also has the rule that "it is difficult to earn points. Every 20 yuan spent will earn 1 point, and no fraction will be counted", which is not conducive to points consumption.

Baidu Encyclopedia? China Merchants Bank Credit Card