Benefits: Currently, credit cards can be said to be a status symbol, and they are becoming more and more a trend. Basically everyone has one or two credit cards, or even more. Because using a credit card brings great convenience to cardholders. As long as the cardholder has enough funds in the card-issuing bank, he or she can use the card to make purchases in stores without having to pay cash. If you need to buy bulk goods in other places and need to pay in cash, you can avoid the unsafe situation of carrying large amounts of cash. But everything has its opposite. As a convenient payment tool, credit cards have been accepted and loved by more and more people.

In fact, credit cards can not only be used as payment tools, but also as financial management tools, giving full play to their financial management functions. However, they can also affect personal consumption concepts, sometimes with negative and adverse effects.

First, it saves us the trouble of carrying large amounts of cash. At the same time, consumption points can be redeemed for various exquisite gifts. In addition, you can also understand your own consumption habits and control your consumption through your bank's monthly statements.

Second, generally speaking, credit cards have a maximum interest-free period of 50-56 days. Properly utilizing this point can allow the bank's money to make money for us. Try to use credit cards to pay for daily consumption. The cash on hand can be used to purchase some low-risk, highly liquid products, such as monetary funds, etc., and the income obtained can be several times higher than current interest.

Thirdly, credit cards are equivalent to giving us an emergency fund. Credit cards provide us with a solution when we need funds to cope with these emergencies. Credit cards have overdraft functions, and overdraft interest is paid on a daily basis. However, due to the short borrowing period, the financial burden on the cardholder is not large.

Fourth, forming a good repayment record will help financial institutions evaluate your credit rating

The top ten "benefits" of credit cards:

1. We When using a credit card, the bank actually advances the payment to the merchant first, that is, consumes it first and then repays it, and the cash on hand can be used flexibly. For example, it can be placed in the bank to earn interest or invest in financial products such as funds and stocks. At least there is a buffer time of one or two months. Of course, you must be good at investing; otherwise, if you don’t have the money to repay when the repayment date comes, it will affect your personal creditworthiness.

2. Owe less favors

When you are in urgent need of cash to meet your urgent needs, if you are embarrassed to ask your relatives and friends, you can overdraft your credit card at this time. The interest is like loan sharking, but compared to owing favors to others, you have to weigh what is more important.

3. Relatively safe

Try to swipe your card for consumption, so you can carry less cash with you - even if it is stolen or lost, the loss can be reduced. If cash is lost, the possibility of getting it back is slim; but credit cards are different. Even if they are stolen or lost, we can report the loss as soon as we find out. Even if your credit card is stolen without a password, it will be difficult to trace it. It's much easier - because every credit card swipe is recorded, not to mention, the bank will bear the losses 48 hours or even 72 hours before the loss is reported. In addition, if you spend money in cash, you may get counterfeit money at some point! >

3. Clean and hygienic

With the large flow of cash, you can imagine the bacteria on the coins, and the credit card has been touched by several cashiers besides yourself - even if the credit card is dirty , and can also be disinfected and cleaned.

4. Save money

Many banks’ credit cards have cooperation or promotions with merchants. For example, you can get cash back if you swipe the card as much as you want, or you can go to a movie or eat out. There is a 20% or 50% discount on Western food. In addition, credit card points can also be redeemed for some gifts in daily life, and there are even some lottery activities.

5. Convenience

If the credit card has the "VISA" or "MasterCard" logo, you can directly swipe the card for consumption abroad, while the debit card or cash must be exchanged first; in addition, It is also very convenient to use a credit card to book air tickets and hotels, make phone or online purchases, rent a car, etc., but a debit card may not have this advantage - because in addition to direct swiping, the credit card also has a "pre-authorization" function; and it does not exist. The embarrassment of changing change.

6. Relieve economic pressure

If there is a certain amount of financial pressure to pay a relatively large amount of consumption in one time, you can use a credit card to pay in installments and enjoy your favorite items in advance; although You need to pay a certain handling fee, but compared to the intangible value of being able to enjoy it for half a year or even a year in advance, I think it is worth it. Of course, you should spend within your means in advance.

7. Accumulate personal credit records

Using more credit cards and repaying them in full on time can improve your credit limit and credibility. At the same time, the People's Bank of China's personal credit information database has Once you have a good credit record, it will be much easier to get approved for a loan to buy a house or a car in the future.

8. Apply for an additional card

If you apply for an additional card for your family, especially for your children, you will basically have a grasp of their financial status such as consumer spending, which will facilitate education. Children’s financial management and consumption awareness.

9. Convenient financial management

After the credit card statement date, we will receive a detailed consumption statement in the form of paper or email. From the statement, we can clearly understand our own expenses in the previous month. consumption and expenditure.

10. Additional benefits

Some credit cards also provide free accident insurance, medical insurance, towing and car washing, enjoy the services of banks or airport VIP lounges, and can also redeem points for flights and exchanges. Gasoline and so on.

Objectively speaking: using credit cards, people who spend money regularly can manage their finances better, while those who spend money irregularly are more likely to lose money.

I can never remember the billing date. Even if online transfers between banks take less than 5 days, they can all evade each other.

The shocking late fees seem as stomach-turning as borrowing from a loan shark.

I plan to stop all my cards and no longer believe in the scams about points and credit enhancement.