Benefits of credit card:

It saves you the trouble of carrying cash. Credit card consumption avoids the trouble of paying cash for consumption in the past, and there is no need to worry about the danger of carrying too much cash with you. Users can consume first and then repay, which is helpful when users have insufficient funds.

You can participate in various discounts and discounts. Many merchants have cooperated with banks. Consumers can enjoy discounts and other preferential activities when purchasing at merchants with their corresponding bank's credit card. Customers can save money and earn points at the same time. Why not? This is why many young people now like to swipe their credit cards when going out to spend money.

Consumption deduction points. When users use credit cards to make purchases, they can often earn points. Each bank has different points conversion standards. Please ask the corresponding bank for details. When a user's points reach a certain level, they can redeem gifts, including things and virtual items, in the points mall on the Credit Card Center website.

The credibility of personal banks has been improved. When we need loans in our lives, banks attach great importance to your creditworthiness. If your credit card creditworthiness has always been very good, it will be very helpful for loans.

Online consumption is convenient and fast. Many online shopping malls or Taobao stores have opened credit card payment methods, which caters to consumers' preference for using credit cards for consumption. Although there are no points for online purchases with credit cards, many people like it for its convenient and fast payment method.

Financial investment. Generally, the interest-free period of a credit card is about 55 days, which means that consumers do not have to pay any interest to the bank during this period after swiping the card to make a purchase. During this period, some families will use the funds on hand as working capital investment in other businesses. A place where you can manage your finances rationally.

Additional preferential treatment. In addition to enjoying discounts, points and other discounts, some bank credit cards also offer additional services. For example, some bank credit cards allow you to enjoy free car wash services at designated places at fixed times every week, or some bank credit cards offer free insurance services. Is this a good deal?

No regional usage restrictions. Credit cards can be used across the country, and some can even be used directly in foreign countries. Cards can be swiped at any ATM or POS machine marked with the UnionPay logo.

Disadvantages of credit cards:

Irrational consumption. Precisely because credit cards are very convenient and fast to use, they don’t look like banknotes that are spent one by one and make you feel distressed. Some irrational consumers tend to consume blindly, spend money like water, and regret it when they finally repay.

The interest rate is high. Everyone knows that every bank's credit card has a repayment date. If the user fails to pay off the current balance before the final repayment date, he or she will need to pay interest and late fees to the bank.

Credit cards have annual fees. Every bank's credit card has an annual fee. Generally, banks will launch a campaign of "swiping the card 6 times within a year to waive the annual fee for the next year". This will encourage users in disguise to swipe the card, otherwise they will be charged the annual fee for the second year, which will increase the number of users. consumption.

Overdue repayment will affect your personal credit record. If the user fails to repay the loan after the due date, it will also affect the user's creditworthiness in the bank, which will affect future loans