What are the benefits of getting a credit card? 1. Solve the problem of insufficient funds. Generally, we always encounter times in life when we need large amounts of funds. If you don’t have enough money in your savings and don’t have a credit card, you often have to borrow money from others. This not only troubles others. , and you may not be able to borrow it. But it's different when you apply for a credit card. You can use the limit in the credit card. 2. It can be used for financial investment. Many people think that although credit cards can be overdrawn for consumption, they still have to be repaid in the end, so they still use their own money, and if you accidentally overdue it, you have to pay interest, which is even more uneconomical. In fact, as long as you use your credit card properly, this situation will not happen. Moreover, credit cards have an interest-free period. You can use the interest-free period to invest and manage your funds. The interest-free period can last up to fifty or sixty days. So many days. You can earn a small amount of money by investing in financial management. 3. There are discounts for daily consumption. In fact, banks will offer various discounts for credit cards, especially for shopping, food, drink and entertainment. So if you have a credit card, it is sometimes more cost-effective to pay with a credit card than with cash or other methods. of. 4. It is conducive to loans. Basically, everyone has the need to buy a house or a car, so they often need loans. If you do not have a credit card, your personal credit is not easy to prove, and it is very difficult to get a loan. Once you have a credit card, you can improve your personal credit through reasonable use of the card, which will be a big help for loans.
What are the risks of applying for a credit card? 1. Excessive overdraft and irrational consumption. Because credit cards allow overdrafts, many people may not know how to exercise restraint when using credit cards, which ultimately leads to excessive overdrafts. This will have a very bad impact on one's credit, and the gain outweighs the loss. 2. Generate high interest rates. If a credit card is not used properly and is overdue, interest of 0.05% will be charged every day, and compound interest will be charged on a monthly basis. If you cannot repay it in time, the money will keep piling up. Finally, Face high penalties and interest. The above is the answer to "What are the benefits of getting a credit card? What are the risks?" There are actually many benefits to getting a credit card. Not only can you get discounts on consumption, but if you use it properly, it will be good for your credit and make it easier to get loans in the future. It can also be used for investment and financial management, which is very good. Of course, it must be used rationally, otherwise it will be harmful.