When using a credit card, you should generally pay attention to the following points:
1, it's not that you don't need a card to deduct money. On the contrary, the more active the bank you use, the more you like it. Generally, the annual fee is free if you spend five times a year by credit card or withdraw five times.
Remember your bill date and repayment date. There is usually a grace period of 5-6 days. Failure to repay in time will affect your credit. Installment payment should be your minimum repayment amount, there is no provision. For example, if your minimum repayment amount is 10%, you can pay it back to 600 yuan in January. Generally speaking, there is no interest on credit card swiping. Only five thousandths to ten thousandths of the existing interest is charged, and each bank is different. Remember to withdraw cash and repay it in time, otherwise the circulating interest will be high!
There are four taboos in using credit cards:
Taboo 1: Credit cards are often overdrawn.
Excessive overdraft here refers to credit card consumption beyond the cardholder's repayment ability. Generally speaking, if there is no temporary large consumption expenditure, it is best to control the monthly credit card consumption amount below 1/2 of the monthly income. In this case, the cardholder's repayment pressure is relatively small. Some cardholders have poor self-control, love to spend money, often spend irrationally, credit overdraw, and it is difficult to repay. If you don't pay attention, it will easily lead to overdue repayment of credit cards.
Taboo 2: crazy credit card cash withdrawal.
For some cardholders, it is a pursuit to apply for credit card quota increase. High-value credit cards are not only convenient to use, but also make cardholders feel proud. However, crazy pursuit of credit card withdrawal is not a good thing. Excessive credit card limits tend to encourage cardholders to spend too much. In addition, the high credit card limit affects the application for new cards and loans.
Taboo 3: frequently handle credit card cash withdrawal, installment and other charging services.
According to the minimum repayment amount, there are fees for installment repayment, credit card withdrawal and other businesses, and the fees and interest behind them are converted into the actual annual interest rate. It is not recommended to handle this kind of charging business frequently.
Taboo 4: Credit card overdue repayment.
Late repayment of credit cards is a big taboo. Overdue will first generate high interest and late fees, and most importantly, it will affect personal credit records, lead to personal credit stains, and affect future mortgage applications.