I have been playing cards for three years, and the total limit has increased from 6,000 to 1.7 million now. I have gained some experience, so I would like to share it with you, to inspire others, and to learn from each other. I hope card friends will give you some advice.

There are two basic principles for playing cards:

First, make the bank feel that its funds are safe with you.

Second, let the bank make money from you.

Analysis of the essence of bank credit card (debit card) business:

First, banks are enterprises that deal with money. They earn profits through the interest rate difference between deposits and loans. As long as they are enterprises, no matter what All types of businesses rely on profits to survive. Banks conduct business with the purpose of making a profit.

Second, credit card (debit card) business is one of many types of bank business and a form of profit for banks. The main methods are: interest, late fees, installment repayment fees, merchants Contract withdrawal and installment consumption handling fees.

Analysis of the psychological game between banks and cardholders:

The psychology of banks is very contradictory. On the one hand, they are afraid of risks, and on the other hand, they want to make more money. Cardholders not only want more and larger credit limits, but also want to reduce unnecessary spending and waste.

The bank gives you a credit line because it wants to make profits and make money with money. It is not a philanthropist who helps you when you are in trouble. If the limit given to you does not earn the standard interest rate loan income, it is better not to give it to you, it is better to give it to someone else who can make money, it is better to block the card or reduce the limit.

Remember: the first is to make the bank feel safe, and the second is to make the bank make money (earnings at the benchmark mortgage interest rate level for the same amount).

Following the above principles and analysis, how to operate it specifically?

Based on my actual card use method and some suggestions from many card friends, I will share it with you and inspire others.

Specific operations:

First, in the first three months after opening the card, accumulate credit and repay the loan in full and on time. Make the bank feel that your funds are safe and trust you. Why does the bank require the card to be used for more than three months to increase the limit? Why do I need to use the card for six months to apply for a card? It just depends on whether the funds are safe with you.

Second, repay your loans diligently. If you have money, pay it back. The purpose of this is to increase the efficiency of capital turnover and increase the utilization rate of funds. The more frequently you swipe your credit card (debit card) and pay back the card, the more banks will like it. You will feel that your funds are safe and you can make money at the same time.

Third, small amounts are often paid and the POS machine with points allows the bank to make money. The profit share of the POS machine is as follows: card issuing bank 7, deposit bank 2, UnionPay 1. Those with points are not There is a cap, and you can’t make money with a cap without points.

Fourth, if you want to use working capital, read this article. Banks believe that the key to withdrawing cash lies in large-scale consumption - large sums of money in and out, the overdraft limit accounts for a high proportion of the total limit, and the maintenance period is long, which is a taboo for using the card. In fact, it doesn't matter if you want to work around funds. This is a problem that every bank cannot solve. The key is not to go too far. My personal advice: Be careful when making large amounts, and the amount should not exceed one-fifth of the total amount. Except for brushing points.

Fifth, make at least two cash withdrawals a month to let the bank earn some interest.

Make an installment every six or two months. The number of installments should not be too long.

Seventh, take advantage of every opportunity to brush every day, no matter how big or small. When I buy a bottle of mineral water, I always use my credit card. What about paying electricity bills, water bills, phone bills... Don't underestimate these small credit card (debit card) records, they are very useful for your card usage activity. The amount of credit cards (credit cards) swiped, the frequency of credit cards (debit cards), consumption types, repayment records, the value of card use...these are the categories that the bank's computer system examines.

Eighth, online shopping is also a good way to use cards. No more details.

Ninth, participate in some preferential points activities offered by the card issuer.

Regarding the above nine items, some friends will ask: How much do you need to spend? My monthly salary is just that little, what should I do if I can’t afford it?

Summary:

The above nine points are just for reference. Some people have big cards with a limit of 1 million, and there are also small cards with a limit of several thousand. Big cards have big tricks, small cards have little tricks, the key is It's about doing what you can. The purpose is not to encourage everyone to do this, but to provide some ways to play cards for reference. The principle I follow is: a monthly contribution of 5,000 yuan to the bank for a 1 million quota, 500 yuan for a 100,000 quota, and 50 yuan (at least) for a 10,000 quota.