Nowadays, more and more people are using credit cards (debit cards), and those who spend money lavishly are prone to all kinds of card debts. Many people will choose to use credit cards to pay off their card debts. How to maintain a card. The so-called card maintenance means that the cardholder applies for multiple credit cards (credit cards) and uses the credit card (credit card) repayment interval to use the limit of one credit card (credit card) to repay another credit card. A credit card (debit card) is in arrears.

This kind of behavior can easily block your credit card (debit card). The main reason is that when you use it, you trigger the bank's risk control system, and the bank determines that you have withdrawn cash or have The risk of malicious overdraft; many people think that there is nothing wrong with the way they swipe their credit card (debit card), but as long as the bank's risk control system is touched, the card can easily be blocked. What bad credit card swiping habits will lead to card blocking?

Let me summarize a few points for you:

To put it simply, using a credit card to maintain a credit card means tearing down one wall to make up for the other. Many people think that using a credit card to maintain a credit card can alleviate the pressure of repayment. , but in the final analysis, the card gods who play with credit cards (debit cards) will basically not touch it, because the harm of using a card to maintain a card is really great, don’t you believe it? You can read on:

1. High interest and handling fees

Card maintenance is usually maintained through transfers between credit cards (debit cards), cash withdrawals, etc. , but no matter which method you use to withdraw the limit from your credit card (debit card), you will face handling fees and interest.

General cash withdrawal fees are between 1% and 2.5% of the amount of each cash withdrawal, and most banks begin to charge cash interest from the date the overdraft withdrawal is entered into the account. The daily interest rate is 0.05%. Compound interest is calculated monthly. Therefore, the cost of withdrawing cash for a long time is also very high.

2. It is illegal to withdraw cash

Following the first point, because of the high cost of withdrawing cash, many people choose to withdraw cash. It is illegal to withdraw cash. Once the bank I found that it is possible to have your credit limit reduced, your card blocked, and your credit card subject to risk control. It is also easy to get on the bank's blacklist and be locked up in a dark room, which will affect your personal credit report.

3. Increase in personal debt ratio

Card-based maintenance often requires the interoperability of multiple bank cards to ensure normal repayment, and as the number of credit cards (debit cards) increases, The corresponding personal debt ratio will also increase, and the card limit will occupy the approval limit for home loans and car loans. This is why we recommend that you not hold too many cards and the total credit limit should not exceed your personal annual income.

4. Security risks

Some bold people will choose POS machines to withdraw cash to support their cards. Illegal POS machines to swipe credit cards (debit cards) are very risky and can easily lead to Personal identity information on credit cards (debit cards) is leaked, leading to risks such as theft and fraudulent application for cards.

Bank credit cards (debit cards) are now very common and deeply loved. In real life, there are many people who are interested in credit cards (debit cards). Here is a kind reminder, as an ordinary person Credit cards (debit cards) are a very friendly tool for daily consumption, but if used as speculative capital, then credit cards (debit cards) will be your accomplice into the abyss. It is a double-edged sword. The best card slave is the best. So self-disciplined!