Should I get a credit card?
A credit card is necessary.
The direct benefits of using a credit card:
1. Easy to use: Credit cards are very convenient to use. You can use the card to make purchases and bind WeChat and Alipay for quick payment, avoiding the need to pay cash for consumption. No worries, don’t worry about the dangers of carrying too much cash with you.
2. Exclusive offers: Cardholders who hold a credit card will generally receive additional services, such as free insurance, exclusive airport access, etc. You can also participate in various preferential activities, such as half-price ordering from joint restaurants, free movies, free car washes, etc.
3. Points redemption: Credit cards can be swiped at cooperative merchants to accumulate consumption points. When the points meet the gift conditions, they are directly redeemed for goods. Some banks can even use points to recharge phone cards.
If there is not much demand, is it necessary to apply for a credit card?
In our daily lives, bank cards are a very common existence. Many people have their own bank cards in their lives. For some adults, they also have some credit cards in their hands. Many people would like to ask what is a credit card? Bank cards are usually divided into two types: credit cards and debit cards. The debit card is a card that we use in our daily life to consume and circulate money between various platforms. It can also save money in the debit card.
Overdraft consumption
As for credit cards, credit cards are also called debit cards. Some banks will apply for credit cards based on the personal needs of some users, but this credit card is issued based on the user's personal credit report. This does not mean that everyone can apply for a credit card. Credit cards involve certain aspects that require personal assessment, especially credit issues. Therefore, in recent years, credit reporting issues have become more and more important to people. The popular understanding is that a credit card is a card that can be used by a specific bank for excess consumption and overdraft consumption.
No need
This kind of card can be used if you want to buy something and you don’t have enough money, and then you will need it in the next month. Pay the money back promptly. This card is a non-cash transaction method, and you need to pay back the money on the repayment date. But for people, if there is no particularly large demand, there is no need to apply for a credit card.
Financial Burden
Because credit cards are a kind of excessive consumption for people, overdraft consumption, this consumption situation is not good. There are often people who spend a lot of money because they want to buy something they particularly like, such as some luxury goods or leisure and entertainment, but when they have no money, they use credit cards to overdraft their purchases. This behavior is very bad and incorrect. If you choose to consume in advance when you are not able to buy what you want, this will bring a certain burden to your future finances. And this kind of excessive consumption will not be changed for a while. When some people engage in excessive consumption, they will use more and more money in their credit cards, and at the same time, they will have more and more money to repay.
Is it necessary to apply for a credit card?
It is necessary to apply for a credit card.
The benefits of holding a credit card are:
1. Save the trouble of carrying cash: Cardholders can use the card to make purchases, avoiding the trouble of paying cash for consumption, and do not have to worry about carrying cash with them. There are dangers in having too much cash.
2. Participate in preferential and discount activities: Cardholders can participate in various preferential activities with their credit cards and enjoy discounts when spending at merchants.
3. Accumulate credit card points: Cardholders can swipe their cards at cooperative merchants to accumulate consumption points.
Benefits of credit cards:
Compared with ordinary bank savings cards, the most convenient way to use credit cards is that they can be used for ordinary consumption without cash in the card. In many cases All you need to do is repay the consumed amount on schedule.
1. You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days. You will not be charged any interest if you repay on time (most banks will charge an interest of 50,000 cents on the day of cash withdrawal. There is also a 2% handling fee. ICBC cash withdrawals are free of handling fees and only charge interest).
2. Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.
3. You can enjoy discounts when using the card at the bank's designated merchants.
4. Accumulate personal credit and add integrity records to your credit file, which will benefit you throughout your life.
5. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumption. It is best not to withdraw cash. The cash withdrawal fee is very high. Very uneconomical)
6. Spend by swiping your card, some credit cards can collect existing points, and there are various discounts and lottery activities throughout the year, so that you can always be surprised as long as you use the card; (most credit cards do not have points for online payment, But online shopping and payment are very convenient and fast)
7. Free monthly mailing of statements, allowing you to transparently control every consumption expenditure; (now promoting green environmental protection, you can cancel paper statements and change them to electronic statements) Bills)
8. The unique supplementary card function is suitable for couples to manage finances at the same time, or to control the financial expenditures of their children.
9. The free choice of one card and dual currencies is available all over the world. Overseas consumption can be repaid in domestic RMB.
10, 400 or the 5-digit short number starting with 9 provides 24-hour service. Loss reports are effective immediately and there is zero risk of losing the card.
11. Use third-party platforms (the domestic platform that supports credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services to cardholders.
Disadvantages of credit cards:
1. Credit cards can easily lead to over-consumption. This is a common problem among people who are in credit card debt. It is painful to swipe a card without paying money, so they spend even more uncontrollably by swiping the card.
2. The annual interest rate of credit cards is as high as 18%. It is true that it can make borrowers lose money quickly.
3. Credit card debt brings mental stress. Some card slaves report that they are often afraid to open their mailbox or mail.
4. If your credit is not good, the cost of borrowing money will be higher, or you may even be unable to borrow money.
5. Credit cards provide a choice of using debt to support debts or drinking poison to quench thirst, causing debts to get out of control.
6. Short-term preferential interest rates are ultimately worth the loss. A certain percentage of people let emergency financing turn into long-term debt. Therefore, don’t be tempted by short-term low interest rates and make unnecessary borrowing.
7. Too much personal credit limit is not only not evidence of good credit (repayment record is), but it is a risk in the eyes of financiers, which may push up the borrowing interest rate.
8. Gifts in reward programs often gather dust inside. Rather than spending money to get gifts, it is more cost-effective to save money directly.
Is it necessary to apply for a credit card?
A credit card is necessary.
The direct benefits of using a credit card:
1. Easy to use: Credit cards are very convenient to use. You can use the card to make purchases and bind WeChat and Alipay for quick payment, avoiding the need to pay cash for consumption. No worries, don’t worry about the dangers of carrying too much cash with you.
2. Exclusive offers: Cardholders who hold a credit card will generally receive additional services, such as free insurance, exclusive airport access, etc. You can also participate in various preferential activities, such as half-price ordering from joint restaurants, free movies, free car washes, etc.
3. Points redemption: Credit cards can be swiped at cooperative merchants to accumulate consumption points. When the points meet the gift conditions, they are directly redeemed for goods. Some banks can even use points to recharge phone cards.
This is the introduction of whether it is necessary to apply for a credit card.