1, don't borrow it now
Many friends like to use credit cards to withdraw money from ATMs when they are short of money, but unexpectedly, the cost of withdrawing money is high. Credit card overdraft cannot enjoy interest-free period. The withdrawal amount is calculated at 5/ 1000 of the daily interest rate, ranging from tens to hundreds after deducting the withdrawal fee. So, don't overdraw if you have to.
2. Master the best time to swipe your card
As we all know, credit cards can enjoy a free period of 25 ~ 56 days. 1 What's the difference between the longest and shortest months? The key here is the time to swipe the card. Credit cards have a billing date. If you use this card on the first day after the billing date, you can enjoy a free period of at least 50 days, and if you use this card on the billing date, you can only enjoy a free period of 25 days. Seeing this, everyone understands. Mastering the best credit card time can win us a longer interest-free period!
3. Timely repayment
If you have a credit card bill and a final repayment date, you must repay it before the final repayment date. If there is no repayment after the last repayment date, the bank will not only charge interest, but also charge a late fee, which is a serious bad credit. Applying for a loan in the future will bring a lot of inconvenience.
4. Don't repay with the minimum repayment amount.
If you can repay in full, don't use the minimum repayment amount. Banks allow the minimum repayment amount, and there will be no bad credit record, but outstanding debts will generate extra interest.
5. Don't overdraw your credit card.
Credit card overflow deposit is the excess deposit after the customer pays off the debt. Many banks charge extra fees for credit card overflow deposits and withdrawals (a few banks don't).