Newcomers need to pay attention to the following points when using credit cards:

① After placing a credit card, the cardholder needs to activate the credit card, otherwise it cannot be used. The activation method can be mobile banking, online banking, telephone customer service, etc.

② After the credit card is activated, in order to prevent theft, attention should be paid to protecting the credit card payment password, credit card security code, cardholder signature, etc.

③ Pay attention to check and remember the credit card statement date, repayment date, annual fee payment rules and other information to avoid overdue payment.

④ Live within your means, arrange income and expenses reasonably, and avoid penalty interest due to inability to repay.

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1. Credit card

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department to shop or consume, and then the bank will work with the merchant and the cardholder to The cardholder can make an overdraft within the prescribed limit.

2. How to calculate credit card interest

Credit card interest needs to be considered in many situations. The following are the more common credit card interest calculation methods:

① Swipe the card Consumption interest. From the time the bill is generated until the repayment date, no interest will be charged for on-time repayment. The daily interest rate will be calculated as 0.05 if it is overdue within 15 days (including the current day), the daily interest rate will be calculated as 0.1 if it is overdue for 15 days, and the daily interest rate will be calculated as 0.15 if it is overdue for 30 days.

② Withdraw cash interest. From the date of cash withdrawal, interest will be charged at 0.5% of the daily interest rate, and compound interest will be charged on a monthly basis. At the same time, a certain amount of cash withdrawal handling fee will also be charged.

③Instalment handling fee. Credit can also be repaid in installments. If you use a credit card to pay in installments, we usually refer to the interest as installment fees. Handling fee per installment = total installment principal * handling fee per installment. The total installment handling fee = the installment handling fee per installment * the number of installments.

3. Can credit card transfers be made?

Yes, credit card transfers are considered cash withdrawals and are allowed under normal circumstances, but there will be conditions. Users who need to transfer money by credit card must have a debit card from the bank and open one of telephone banking, online banking and mobile banking. After the cardholder transfers and borrows cash in advance, he or she will be charged an interest rate of 0.05% per day, and relevant handling fees will also be charged.

4. Can credit cards be repaid in advance?

Yes, credit cards can be repaid in advance. You can pay at the counter. You can also transfer money through Alipay or use an ATM directly. If you repay on time, you will not incur any additional fees. If you repay overdue, late fees and interest will be incurred, and your personal credit will be affected.