If you use your credit card well, you can make money, but if you use it poorly, it will cost you your family and your life. So, how do you define you as a card slave? What does credit card slave mean?

Card slaves, also known as card debtors, credit card slaves refer to those who use credit card overdrafts for consumption and are unable to spread the expenditure evenly with their monthly salary or income. They can only pay part of the amount in the first installment, and then need to pay financial People who are burdened with high credit card debts due to repeated interest, liquidated damages, handling fees, etc. from institutions, and have poor personal financial turnover.

Characteristics of card slaves:

1. Too many credit cards. The number of cards exceeds 6.

2. The consumption and credit limit of each card are very high. The average monthly consumption exceeds 60 of the credit card limit.

3. Carrying a high overdraft, demolishing one wall to pay for the other, and barely paying off the credit card debt according to the minimum repayment amount.

Card slave classification:

1. Active card slave: Credit card is used as a financing tool, such as doing business, buying a house, stock trading, etc.

2. Passive card slaves: have a certain income, credit cards are mainly used for consumption, and debts are mainly due to impulsive consumption.

Opinion:

1. In order to prevent "card slaves" from succeeding one after another, the Shanghai Banking Regulatory Commission requires banks to strictly control excessive credit granting and implement excessive credit granting to family members of Shanghai card slaves, and A fine of 2.4 million yuan was imposed on him. I believe this regulation will soon be popularized throughout the credit card industry.

2. You must use cards rationally and stay away from card slaves.