Credit cards have a lot to do with debt.

1. When you buy something, as soon as you take out your credit card to pay the bill, you start to get into debt. Because you have no money in the company or financial institution that issued the credit card, it is the company or financial institution that issued the credit card that lent you money to pay the bill for you.

2. If you pay back the money before a specific date, that is, when the credit card company sends you a bill, you send some money before the payment date, or go to the bank to pay for the credit card company or financial institution, you don't need to pay interest and handling fees, but you are in debt before you pay.

If you can't repay the money on the specified date, or you can only repay the minimum amount, the credit card company or financial institution will start to calculate the interest on the money you owe them and charge a handling fee.

Card issuing companies or financial institutions welcome you to repay on time, because charging high interest is their way to make money. If everyone pays back the money on time, they can only charge the seller or merchant a handling fee, and there is no money to earn.

There is no budget for consumption, thinking that credit card payment means no payment, and people who owe credit cards will be miserable, because credit card interest is very high. So it is easy to owe them hundreds of thousands, and it is still unclear.

If you borrow money, you will be in debt first, which is not directly related to credit cards. Credit cards help businesses promote their products, which will definitely affect you. If you have a credit card, it is no problem to follow the rules. ,