When it comes to credit cards, many people may subconsciously keep their distance from them, because we have heard too many examples of people who can't pay back their money because they have maxed out their credit cards. But only those issuing banks know best. Only a few people can't afford to pay back their credit cards, otherwise the banks would have closed down. But all we can see is the negative news that credit cards can't pay back the money, so people who think they have weak repayment ability will avoid credit cards. On the contrary, the richer people are, the more they like credit cards. Why? 1. Rich people have strong repayment ability. Normally, the amount of credit cards issued by banks will match the repayment ability of cardholders. However, the higher the credit card, the more cautious the bank will be, because once the cardholder can't pay back the money after swiping the card, the bank will lose a lot. Therefore, when issuing high-value credit cards, it may appear that the credit card amount is far lower than the cardholder's repayment ability. Don't think much, people with high credit cards are basically rich. Since the credit card limit is far less than its repayment ability, it is natural not to worry about not being able to pay back the money. Moreover, the credit card has an upper limit. If a cardholder's wealth far exceeds the upper limit, what worries will he have about not being able to pay back the money?

2. Rich people will make use of the overdraft function of credit cards. Even many rich people earn their wealth by overdraft. How many people can become rich if they only rely on their own work to accumulate wealth? Credit card overdraft consumption is actually equivalent to an interest-free loan from the bank to credit card holders. Although the term is relatively short, for the rich, they can do a lot of things with this money. For example, if someone makes a consumption of 5, yuan and pays with cash or debit card, his wealth will be directly reduced by 5, yuan. But if you pay by credit card, because the money in the credit card belongs to the bank, your wealth has not decreased at this time, but you owe the bank 5 thousand. Because credit cards have a certain interest-free repayment period, if it is 5 days, then this person can invest 5, of his wealth in these 5 days, and then return 5, to the bank at the end of the interest-free period, but the expected income brought by the investment is in his own pocket. Even if the expected return on investment is 5%, the expected return of 5, yuan for 5 days is thousands, which is equivalent to the income of an ordinary office worker for one month. Why not?

3. Credit cards make it more convenient for the rich to spend. For those who have no money, the usual consumption may be tens, hundreds or thousands. It is enough to use cash to swipe WeChat and Alipay. But for the rich, they usually spend tens of thousands or even hundreds of millions, so they can't run with so much cash, can they? Both WeChat and Alipay have a certain payment limit, which is naturally not enough for large-scale consumption, but it is much more convenient to have a credit card.

Conclusion: It can be seen that the richer people are, the more they like credit cards. Of course, banks also like to issue credit cards to rich people, so this can also be said to be a win-win situation. Author: Long Xiaolin/Audit: Zhao Xi > > read more