When applying for a credit card, you should pay attention to the following matters:

1. Pay attention to the annual fee charging standards, annual fee exemption rules, etc. of the credit card you apply for;

2. Pay attention to your choices Apply for a credit card at a bank that is suitable for you. The cash withdrawal handling fees and cash installment handling fees for each bank's credit card are different. You should understand it clearly when applying;

3. Apply for a suitable credit card according to your own needs, such as Credit cards such as MasterCard and VISA cannot be swiped at UnionPay POS machines. Generally, UnionPay single-currency cards or dual-currency cards of UnionPay and other currencies are used in China;

4. Pay attention to the credit card usage Discount rules and points rules.

1. Introduction to credit card cash out. Credit card cash-out refers to the behavior of cardholders not withdrawing cash through normal legal procedures (ATM or counter), but using other means to withdraw funds within the credit limit of the card in cash without paying bank withdrawal fees. Regarding the credit card arbitrage behavior that has become more and more serious in recent years, the Shanghai headquarters of the Central Bank stated on July 26, 2010 that cashing out by credit card is illegal and the central bank is studying to record the cardholders' cash-out behavior in the personal credit system, which will directly affect their personal credit records.

2. Generate background. From the day you get the credit card, the bank promises to give you a corresponding amount of advance payment. For example, if you apply for a credit card with a limit of 10,000, then the bank promises to lend you 10,000 quick cash at any time. What about this 10,000 yuan? You can pay it back to the bank within the interest-free period of up to 56 days, and your interest will not be counted during this period. However, this advance payment can only be used for consumption. The bank does not encourage you to convert it into cash and take it out, because when When you go to an ATM machine to withdraw cash, you can only withdraw 50% of the amount. At the same time, you will be charged a handling fee of 1%-3% for this cash. When you withdraw the money, the bank will start calculating interest for you. , the national regulation is 50,000 per day. The above is the situation when we directly take the credit card to the ATM machine to withdraw cash. From another perspective, if we do not withdraw cash, but use the credit card to make consumption, compared with the above, there are several advantages: 1. You can spend the full amount, For example, if your card has a limit of 10,000 yuan, you can spend 10,000 yuan; 2. There is no handling fee for consumption. If you are cashing out, it is usually 2%. If you use online banking, there is no handling fee, which is higher than normal. It is cheaper to withdraw cash; 3. There is no interest. You can repay the money to the bank without any interest during the interest-free period of up to 56 days.