One of the benefits: No need to carry cash, and you can have an overdraft. Finance in modern society is highly developed. People can avoid the trouble of carrying cash by using bank cards. Credit cards naturally have this benefit. Carrying a few cards can help you pay easily when working, traveling or studying, whether at home or abroad. Compared with other bank cards, credit cards can also be overdrafted. That is to say, when you can't turn around your funds or don't have enough money on you, the credit limit of the credit card can help you pay in advance, and then you can repay the debt on time when it is due. This It is equivalent to a temporary loan that can be used at any time.
The second benefit of credit card: there are many promotions and many gifts. Credit cards are still in the stage of vigorous promotion by banks, and there are many opportunities and deep levels of cooperation between credit cards and merchants, so you can naturally enjoy these benefits by using credit cards, such as various co-branded cards: airline co-branded card points can be exchanged for airline miles, car co-branded cards You can enjoy free car wash services, hotel co-branded cards can book hotel discounts, etc. These are real preferential services in life. In addition, gifts are given when you sign up for the card, and there are also a large number of gifts during the event. Points can also be exchanged for gifts. As long as you pay attention, you can exchange them for many small gifts you like.
The third benefit of credit card: Help you build good personal credit. In the future, China will follow in the footsteps of developed countries and step into a credit economy society. Good personal credit will allow you to be like a fish in water in social economic activities. Having no credit record does not mean that a person has good credit. When dealing with banks and other financial institutions, the most important basis they use to judge your personal financial quality and credibility is your personal credit record. Only if you have a good credit record Only when you have a good credit record will banks be willing to deal with you and trust you. A very simple example, if your credit record is good, then the likelihood of your application for a home loan or car loan being approved will be much higher.
The fourth benefit of credit card: Use enough interest-free period to use working capital for investment. Credit cards generally have an interest-free period of up to about 55 days. After you overdraw your purchases, you don’t have to pay any interest during this period. You can use the cash on hand as working capital to invest where it is more needed, or to engage in other activities. invest. Through the reasonable use of a few credit cards, you can basically cover your daily expenses without paying any interest, and the rest of the money can be invested to make money. Of course, you must remember to pay off your debt on time to avoid overdue penalties.
The fifth benefit of credit card: Clear consumption bills help you develop a good habit of rational consumption. Credit card consumption bills are clearly detailed, and each consumption amount and location are very specific. In this way, every time you receive a bill, you can make a personal financial management summary based on these bills, which consumption is necessary and which consumption is not necessary. Reasonable and avoidable ones, and make plans to correct those bad consumption habits. If you persist in this way, you will naturally develop the habit of rational consumption, which will help your personal financial management go on the right track.