In fact, credit cards can apply for overdraft limit. As long as you have a good credit record before, the credit overdraft limit can be continuously improved.
In addition, there is an annual fee for credit cards, and you have to swipe your card at least six times a year to avoid the annual fee. Two cards are a little troublesome.
Rob Peter to pay Paul? Can't do it at all. There are only two ways to use credit cards; 1, withdraw cash; 2, credit card consumption.
The first method, interest is calculated on the day of withdrawal, with a daily interest rate of 0.5 ‰, one year 18%. Cash withdrawal can only take one-third of the credit card overdraft limit. For example, if the credit is 3,000 yuan, only 1 0,000 yuan can be withdrawn, and at least 1% handling fee will be charged for withdrawal. In this way, the bank will call for money soon, usually within one month at most, and there is no interest-free period for cash withdrawal.
The second method, credit card consumption, has a certain interest-free period, generally not more than 50 days, at least 30 days. After this period, you will have to charge five ten thousandths of daily interest, as well as the arrears.
After reading the above, you should also know.
My suggestion: If you don't have cash for the time being, you can swipe your credit card, because swiping your card has an interest-free period of dozens of days, and you can pay off your money during this interest-free period.
Also, if you have so much money, you can swipe your credit card first and use the remaining money to buy money market funds (there is no handling fee, and the income is equivalent to a one-year fixed period, which can be redeemed at any time). When the interest-free period is about to pass, you can also redeem the money fund, so you can get a little interest.
If you invest in other things, such as bonds, stocks, etc. That's risky and you may lose money.
I hope it helps you!