What are the disadvantages of upgrading your credit card?

1. Upgrading a credit card means an increase in annual fees. The annual fees for gold cards are generally much higher than those for ordinary credit cards, ranging from a few hundred to several thousand yuan.

2. Credit card upgrade means an increase in credit limit. The higher the credit card limit, the better. Excessive credit limit will stimulate your desire to consume, and the more you use your credit card to overdraft, the more you use your credit card. Moreover, once your credit card is stolen, your losses will increase exponentially.

3. Although the credit card upgrade will have more service benefits, the bank also has exclusive discounts. However, credit cards are mainly used to alleviate financial conflicts in life, not to increase financial pressure. Use credit cards rationally, do not overspend, and do not upgrade blindly.