how to use credit cards to the extreme?

(by the way, it is enough for a person to have three or five cards, and never keep a lot of food cards)

But many people are simply turnover, and they don't have a deep understanding of it.

from a personal point of view, how to play with credit cards can be divided into three schools.

points flow, equity flow and quota flow. First of all, we enter the integral flow.

1

integral flow

The new method of playing integral flow is actually very simple, that is, in a word, credit card gets points, and points are profits. What do you mean? Let's explain.

although there are many unfamiliar terms in circlip, such as MCC rate, it seems hard to understand, but they are all around these two words. Let me emphasize again that credit card points are profits, and they will never change.

a little more detailed explanation is that the points earned each time you swipe your card, and the higher fee of swiping your card through appropriate cash channels, which is where the profits of personal card play lie, so where do the profits come from?

Let's go backwards. Most cardholders who don't play cards have also heard about the redemption of points for gifts, right? Even if you haven't redeemed gifts, you should have heard about the redemption of your points from China Unicom Telecom or supermarket membership cards.

So the general thinking is that the points are just petty profits, and the feedback from the merchants is nothing but trivial. Ordinary points can be exchanged for shopping malls, such as those in the mobile phone APP, which can be exchanged for pots and pans, bags and stationery!

it is impossible to make money in any way, but this is not the case.

because you haven't opened the door to the new world! Anyone who plays cards knows that hotel points can generate profits when points are exchanged for air miles, so let's calculate that the maximum reward ratio of ordinary points for shopping mall gifts is .2%, while that of hotel points for air miles is almost 1%.

then the handling fee rate of credit cards is .6%, and 8% of people exchange points for mall gifts, so the bank accounts for .4% of the profits, and 2% of people exchange mileage and hotel points, earning .4% of the profits of the bank. This means that 8% of people who don't play cards have their points deposited, and then use them for the remaining 2% of people who play cards.

And this is the main source of profit for individuals to play cards. As for bank activities, such as the exchange of nine points for Starbucks, in fact, it is essentially to increase the profit of points because they are too scattered and are all small profits. I think it is too small to get on the table, so I will skip it.

so how can I maximize the value of the integral I just mentioned? Then we have made it clear where the profits come from, and that leaves the last question.

where the points come from is very simple. Of course, the points are swiped. However, there are dozens of banks' credit cards, and each bank has issued various cards with different rights and interests rules for different customer groups. Not every card has points. For example, the card of China Merchants Bank has points when it is swiped with Alipay, but it has no points when it is swiped with WeChat. Similarly, it has no points when it is swiped with Alipay and China Merchants Bank for 19 yuan or less, while Pudong Development Bank can get five points when it swipes a dollar!

So you just need to remember to avoid these pits to earn points. For example, if Bank A doesn't have points, then find someone from Bank B to brush the C channel. If there is no points, then brush the D channel.

What's more, banks give multiple points or cards for their activities, and it comes with multiple points, so it's relatively easy to save points! In a word, the core of credit card profit is to maximize the value of points.

2

The flow of rights and interests

The flow of rights and interests can be summed up in one sentence as a paradise for the hedonist party. Live a high-quality life at low cost. This genre can run through the rights and interests rules of air tickets, hotels and aviation.

Friends who can play with the rights and interests will make reasonable use of these rules to improve their quality of life, so their circle of friends is quite tall.

Travel pick-up and drop-off, VIP lounge, first class, accommodation, Kaile, Marriott and Shangri-La suites are all spent through the American Express Centurion UnionPay Diamond Card Visa Unlimited Card master. The pole card of the world flies around the world to punch in all kinds of tall online celebrity hotels.

So besides air tickets, hotels and airlines, it also includes three major sections, namely, Haitao's purchasing cash back. Generally speaking, the genre of realizing the equity flow can be subdivided into two levels. The first one is the initial equity flow, which is mainly to participate in bank discount promotion activities, or to exchange points for some pots and pans, and occasionally resell some gifts to earn pocket money. It takes a lot of time and energy to listen to it, so it is not worth recommending!

so what is the high-level revenue stream? For example, buying and selling Apple mobile phones, Moutai, Starbucks, prepaid phone cards, JD.COM or Amazon cards. If the market is good, it is not a big problem for a single person to earn 2 thousand or 3 thousand a month, but it is not stable.

There are at least millions of miles in the transaction of air miles and hotel points, or the point transaction is well done, and there are still many people who earn hundreds of thousands of dollars a year.

In short, in the past few years, when the bank's rights and interests were good, there were still many people who could make so many profits by themselves. It was very scary to make profits on a large scale. In the era of the barbaric development of credit cards, many people gained wealth freedom through the flow of rights and interests.

3

capital flow

Finally, let me introduce capital flow, which is the time value of using funds.

first of all, you should know that funds have time value. what is a qualified fund file? A qualified fund file is a person who creates income with the available funds in his hand, and the income created is far greater than the cost of funds. Credit card handling fees and annual credit card fees are not worth mentioning in the fund file!

because you will find that the more rigid the credit card with annual fee is, the risk control is another mode, or there is basically no risk control. For example, the centurion of China Merchants Bank, the diamond card of Minsheng or the ultra-white card of Pudong Development Bank will not know until the fund line has flowed through these cards!

the annual fee is too cost-effective for the risk of capital chain breakage, and the starting amount of the rigid annual fee credit card is also larger. This benefit is a long drought for the quota flow, so in a word, when you are desensitized to the annual fee, you will begin to embark on the road of quota flow and even card god.

then, the flow of funds can be divided into two levels. The first one is the initial flow of funds. For some young people or small business owners, they often take credit cards to turn around when they are short of funds. I believe that it is the operation for friends around us to go.

The second is the high-level capital flow. For example, in this era of dividing classes by houses, the previous financial supervision was not very strict. In the past few years, many people bought houses with cards, but this is also a junior and high-level person who will invent an advanced game called freecell.

Of course, there will be more colorful ways to play when the golden dragon is empty. Generally speaking, high-level capital flows are clever use of the time value of credit card funds to find more arbitrage space. You may not be exposed to these cases.

let me give you a small example to illustrate. There is a way for a college student to buy Maotai, which I mentioned earlier. We know that the market of Maotai is very tight, especially during the Chinese New Year, so many dealers drive drivers to hoard goods to push up prices, resulting in no circulation of Maotai in the market, so in order to crack down on this behavior of Maotai.

Every day, in its own channel, Tmall JD.COM Suning, it will start snapping up at a price four or five hundred below the market price to force dealers to submit.

in fact, the effect is not obvious, and the price remains high! For this kind of situation, many people stare at the time to grab it.

In fact, few people knew this information before, so this student would rob it every month. When he collected it at home, it was a profit of about 4 yuan per bottle, so you can calculate how much money he can earn by using this information, and the operation process is very simple, just buying Maotai through these channels.

extreme use of credit cards

First of all, you must be clear about two dates, the billing date and the repayment date, and then you should know that banks like your credit card spending and installment spending best! Then we should know that the interest-free period of credit cards is generally from the billing date to the repayment date of next month. For example, if the billing date of a credit card is the 5th and the repayment date is the 15th, then the money you swiped on the 6th will be returned on the 15th of next month at the latest, and the interest-free period is 4 days!

At ordinary times, all meals and shopping are bound to credit card consumption. The more you spend, the better. Those who need to cash out can occasionally cash out in large amounts on the basis of diversified consumption, which is okay.

specific operation points: make maximum use of the credit card, and swipe it casually before the bill date, and it can be more than 8%. However, it must be noted that the day before the bill date, you have to return some money, which is preferably 3% of your credit limit. Then when the bill date comes out, your bill amount will not be very large, and it will not exceed 8% of the credit card limit, so that the liabilities shown on your credit information and the credit card limit utilization rate will be relatively low.

finally, a part of the bill will be dropped before the bill date, which will reduce the debt ratio. If every credit card does this, it will have unexpected effects!

Credit card is very important to our society today, and it is also a necessary skill that we need to make full use of. Let me tell you how to use the credit card to the extreme:

1. Calculate the consumption time

The interest-free period of a credit card is a floating time. The shortest interest-free period of a credit card is 25 days, and the longest interest-free period is 56 days. As an ordinary consumer, you can calculate the date of consumption and repayment, so that you can occupy credit funds for the longest period. One can generate some interest. If you plan to buy a TV set for 1, yuan, and the funds are already in place, you can swipe your card for spending on the 11th. According to the 31st day of the next month when you spend with your card, you will get an interest-free repayment period of up to 56 days. If you repay on the last day, your cash of 1, yuan will be 56 days more or its deposit interest. Second, you can also enjoy the fun of consumption in advance.

2. Seize the opportunity of promotional activities and double the points

3. Grasp the information of special merchants to earn enough benefits

Bank credit cards are "bound" with a number of special merchants. These businesses include restaurants, clothing stores, beauty shops, car wash shops and so on. When these special merchants spend certain bank cards, they will enjoy special discounts. For example, you can enjoy a 15% discount when you swipe your card when you check out at a special hotel, and the money left over from these accumulation is considerable.

it is understood that some banks send the list of these special merchants to cardholders by mail, and some banks publish the list of special merchants on their own websites, and mark the preferential conditions for enjoying the discount range, so as to facilitate users to find it in time.

4. Preferential policies for new products should not be missed

Generally, banks have certain preferential policies for newly launched products, ranging from giving points to giving gifts. For people who have not yet applied for credit cards, it is also one of the ways to use credit cards skillfully when banks have just launched new products.

I'm glad to answer this question. How to use credit cards to the extreme. I think when you ask this question, is the idea in your mind to use the credit card limit and deadline to the fullest extent? If you can spend like this, the bank and you will win.

first of all, you can use a credit card to spend money, which means that you have strong spending power. Banks also encourage customers like you to spend money. For banks, as long as they swipe out, no matter who bears the expenses, the bank's income is stable and risk-free. For consumers, it is convenient and can be extended for more than one month, which fully occupies the bank's funds in terms of funds.

second, if it's not real consumption, but mutual credit, cashing in to make the money to the extreme, for the cardholder, it is nominally a free fund, but in fact, a handling fee has been paid at the rate, which is equivalent to a loan, and at the same time, it bears the risk of violating the credit card usage regulations. Credit cards should really be called consumer credit cards, and banks are forbidden to cash out.

third, if you have money after spending your credit card, you just think it is more convenient to use it, that's understandable. If you have no funds, but spend ahead of time or satisfy your shopping desire, it is very dangerous. Once you don't pay the credit card, there are bad records on the credit report, and the penalty interest penalty is extremely severe, even more amazing than the "Huang Shiren" interest calculation. If this continues, it will make it difficult for you to turn over.

fourth, we should have a correct view on credit card consumption, and we should not withdraw cash in violation of regulations, nor should we spend in advance. Credit cards only bring great convenience to cardholders when they need urgent turnover, or when it is inconvenient to carry cash or use it.

5. Credit cards should be used with caution, and they should not be lent to others, otherwise, it will bring extremely adverse effects.

6. Credit card funds should not be used to the extreme, but should be devoted to hard work and make money. Credit cards will bring timely help and icing on the cake to life and consumption.

When you use a credit card, you should use it as much as possible outside. You can swipe your card whether you are staying in a hotel, traveling or shopping in a store. swiping your card shows that you have a good habit of using your card, and banks prefer such people.

On the other hand, you should not pay back the credit card in one lump sum every time. You can do it in stages appropriately, and he will increase your quota only after you let the bank make money.

On the other hand, when you don't use up this quota every month, keep some of it, because the bank will think that if you use it all, it will prove that you are spending too much, a little too much. The bank doesn't want to raise your quota, and he thinks it is risky. You usually swipe your credit card, that is, during the day, and don't play at night as much as possible. Just swipe your credit card during the normal business hours of shops.

Another point is that if you stagger these two times on the repayment date of a billing date, you will have nearly two months to repay, and your turnover of this fund is still relatively long. If you use the bill and just come out, you will make a payment, and he will count your money into the next billing date. I wish you a happy card.

The questions described in the question are briefly shared by me through my own experience in using the card, hoping to help you.

if you want to use the credit card to the extreme, you must grasp three key points. Only by doing so can you turn the credit card into a tool to make money and save money.

as we all know, credit cards have a very long interest-free period, but when to do it is the key. Many people have a bad grasp of the consumption day, thus missing the long interest-free period. Generally speaking, if you spend money after the billing date, the money will be included in the next bill, and you only need to repay it before the next repayment date.