Why apply for a credit card? Give you reasons to use it

With the rapid development of Internet finance, credit cards have entered people’s lives in various ways and gradually become a powerful tool for people’s consumption. . Many people use credit cards for convenience and to enjoy the benefits and benefits brought by the cards. In fact, there are many benefits that everyone is not aware of. Today I will tell you why you should apply for a credit card.

1. Interest-free overdraft

This is the reason why many people apply for a credit card. You can enjoy the fun of early consumption by swiping a credit card, and it has a certain interest-free period. As long as the cardholder is in If you pay off your credit card bill before the final payment date, you won't need to pay any fees. For cardholders with financial constraints, its role is even more prominent.

2. Discounts and rights

In addition to the basic functions of credit cards, banks also offer various preferential activities from time to time, such as gas rebates for car owner cards and overseas consumption with foreign currency cards. Cash back, shopping card discounts, etc. In addition, you can accumulate credit card points through consumption, and the accumulated points can be exchanged for gifts or directly offset the amount of expenses.

Credit card rights are also very rich, and different card types enjoy different rights. For example, the China Merchants Bank Young Card enjoys double points in the birthday month, and the first cash withdrawal of each month is free of charge; major banks Platinum credit cards are issued with PP cards to enjoy free services in VIP lounges at major airports around the world, etc.

3. Annual fee discount

While you can enjoy convenient payment and preferential activities when applying for a credit card, you will have to bear a certain annual fee. However, generally ordinary cards, gold cards, etc. can be swiped by credit card. The number of times or credit card points can be used to offset the annual fee. As long as you make sure to repay your balance on time and in full, you can enjoy the benefits of a credit card completely free of charge.

4. Other functions of the card

Credit cards can meet various fund needs of cardholders, such as credit card cash withdrawals, credit card loans, credit card transfers, installment payments, overseas settlements, etc.

5. Accumulate credit

Why should you apply for a credit card? I believe the above reasons can really impress you. If you haven’t applied for a credit card yet, you can apply for one through the credit card application portal. Credit card, enjoy the various benefits that credit card brings to you.

Why should I apply for a credit card? What are the benefits?

Many cardholders have always stayed away from credit cards, especially when they saw those "XXX overdrawn their credit cards and were unable to repay them and were sentenced to prison" "," and "someone came to apply for a credit card and the credit card was stolen" and other negative news, which makes people feel that they should not apply for a credit card.

In fact, credit cards are not a scourge. A large part of the reason for these negative news is due to problems with cardholders. It has nothing to do with the credit card itself. There is no need to reject credit cards.

You know, for many people, the advantages of holding a credit card outweigh the disadvantages. Let’s introduce to you why you should use a credit card and how to choose the right credit card.

Analysis of the three major benefits of credit cards:

1. Accumulated credit: People who have never dealt with a bank will have a blank record in the central bank’s credit reporting system. If you want to change this situation, start by using a credit card. As long as you apply for a credit card, swipe the card frequently and repay it on time, you can establish good personal credit, which will be very beneficial for handling bank-related business in the future.

2. Save money: Credit cards can be used for overdraft consumption, but don’t be blind when swiping your card. It is best to understand clearly what discounts you can enjoy with your credit card, so that you can save money by swiping your card. For example, if you apply for a Bank of Communications credit card, you can participate in the "Redtest Friday" event and get a refund of card swiping points by swiping your card in supermarkets.

3. Temporary emergency: For example, if your laptop is lost, you must buy a computer immediately because of work needs, but you have no savings. If you want to buy a computer, you can only borrow money from someone. If you have a credit card, you can swipe the card to buy a computer immediately, and you can also choose to repay in installments to relieve stress.

All in all, having a credit card with a certain limit can make you more prepared when facing emergencies.

The benefits of credit cards are not limited to the above three points, so I will not introduce them one by one. You can experience them yourself during the process of using the card.

Why do people like to apply for a credit card? What are the benefits? What are the disadvantages?

Everyone likes to apply for a credit card because it can:

1. You can earn points by swiping your credit card, and you can redeem gifts or airline miles by earning a certain amount of points.

2. Certain credit cards can provide discounts for consumption in some places. For example, ICBC credit cards will regularly postpone store information where discounts are available.

3. If you are unable to come back temporarily, using a credit card is equivalent to a small interest-free loan. As long as you repay during the final repayment period, you don’t have to pay interest. In the current wave of interest rate increases, this is a certain thing. Advantages.

4. Most credit cards can now waive the annual fee by swiping the card several times, but debit cards still have to pay an annual fee of 10 yuan per year.

5. If you apply for a credit card with VISA or MasterCard, you can swipe the card directly abroad, and it can be directly converted into RMB according to the current exchange rate, eliminating the trouble of queuing up at the bank to exchange foreign currency (debit card It cannot be used in many places abroad).

Benefits:

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, as long as Just return the consumed amount on schedule.

1. You can use overdrafts without deposits, and you can enjoy an interest-free period of 20-56 days for on-time repayment without any interest charges (most banks will charge an interest of 50,000 cents on the day of cash withdrawal. There is also a handling fee of 2. 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, which is not cost-effective)

6. Spend by swiping the card, collect existing points with some credit cards, and have various discounts and lucky draws throughout the year. , you can always be surprised by just using the card. (Most credit card online payments have no points, but online shopping payments are very convenient and fast)

7. Free monthly mailing of statements, allowing transparent control of every consumer expenditure. (We are now advocating green environmental protection, and you can cancel paper statements and change them to electronic statements)

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.

The 10.400 telephone number or the 5-digit short number starting with 9 is available 24 hours a day. Loss reports are effective immediately and there is zero risk of losing the card.

11. Have validity period: It is known that domestic credit cards are generally valid for three or five years.

12. 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:

The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis, but the purpose of banks issuing credit cards is to make money. Once the interest-free repayment limit is exceeded, time, a high amount of interest will be charged, usually five ten thousandths of interest per day.

1. Blind consumption

Swiping a card is not like spending money one by one like paying with cash. Once you swipe it, you don’t feel anything, just a few numbers, which leads to blind consumption and spending money like this. Running water.

2. Excessive consumption

Installation for laptops, digital cameras, and smartphones. While enjoying your favorite items in advance, you must also consider whether you are able to repay them.

3. High interest rates

If you do not know how to take care of your credit card and cannot repay as scheduled when the final payment date arrives, the bank will charge high interest rates. (The minimum repayment for the first month of a credit card shall not be less than 10% of the overdraft amount of the month)

4. Annual fees are required

Credit cards basically have annual fees, but basically There are annual fee-free policies on the Internet. For example, China Construction Bank only needs to swipe the card three times a year to waive it; but if the card is not swiped the number of times specified by the bank in a year, an annual fee will be charged.

5. Credit card fraud

Credit cards are basically password-free by default. This makes it easy for others to steal your credit card when it is lost or stolen, causing unnecessary trouble or loss; but in fact, credit cards can also be used to apply for swiping purchases with passwords - it depends on how to manage the credit card. Of course, many people lack experience in this area and cancel the account after canceling the credit card, and are re-applied by some criminals. It’s not worth it to overdraw your credit card and lose money in vain.

6. Impact on personal credit record

Long-term malicious debt will naturally affect personal credit record and even be blacklisted by the bank. If you want to borrow money from the bank to buy a house or a car in the future, you will have to There is a possibility of being rejected by the bank.

7. Repayment troubles

You have to go to the bank every month, which is often overcrowded. Not everyone can repay online.

8. Cancellation troubles

CCTV once reported that some cardholders still received bank statements several months after canceling their credit cards after paying off all the outstanding balances. What happened after that was very confusing. It’s miserable. This article titled “Credit Cards That Can’t Be Repaid” exposes the shortcomings of today’s credit cards.

That’s it for the introduction of why you should apply for a credit card.