Tips for credit card swiping numbers
1. Each swipe of the card cannot exceed 30 of the total amount.
2. Don’t empty all the cards, but leave 10-20.
3. Don’t always brush integers.
4. The last number of the credit card cannot always be 0, 6, 8, or 9.
5. Swipe your card between 9 am and 9 pm every day.
6. Swipe in the morning and in the afternoon, no more than 3 times a day, and the interval between swiping is more than 4 hours.
7. The number of credit card swipes per month is more than 25 times.
8. Make a small installment appropriately every 3 months.
9. It is best to repay in full the day after the bill comes out
Misunderstandings
1.Q: You can borrow money with a credit card, but my income is very low , so applying for a credit card helped me a lot.
A: Wrong. The target customers of bank credit cards are high-end income groups. From the above characteristics, we can also see that the characteristics of credit cards are more about convenience than saving money. Not only do you have to pay an annual fee to use a credit card, but if you miss the repayment time, the penalty interest is very high.
2.Q: Credit cards have a minimum repayment limit, so when I borrow a lot of money and can't pay it back, I just need to repay the minimum amount.
A: Wrong, the minimum repayment amount is only the limit set by the bank, but you need to pay interest. Credit card interest is calculated on a daily basis, and it is compound interest, which is higher than the interest rate of ordinary loans.
Be clear about the difference between installment payment and monthly minimum payment. The annual interest rate for installment or commercial loans is around 5, and even lower for special products. And if you only pay the minimum amount, the equivalent annual interest will be more than 18.
3.Q: Credit cards can be overdrafted to withdraw cash, so I can withdraw some cash for use in emergencies, which is very convenient for me.
A: Correct. However, the interest on cash withdrawals is also calculated on a daily basis, and there is no interest-free period. Interest is calculated from the day the cash is withdrawn. The interest is also calculated on a daily basis, and is as high as the penalty interest for missing the repayment date. However, it is recommended to save a small amount of assets in a credit card in case of emergency, because there is no current interest on the funds in the credit card. What’s more fatal is that with many banks’ credit cards, even if you have cash in the card, you will still be charged a fee for withdrawing cash. A handling fee. So it is better to carry a bank savings card with you and keep a small amount of cash in it. There are very few places where you can spend large amounts in cash. You can usually pay with a credit card, and there is an interest-free period for using the card.
4.Q: I don’t remember how much I borrowed this month. It’s roughly a figure. Even if it’s not enough, it’s only a small amount, and the interest won’t be much.
A: Wrong. If you do not repay in full during the final repayment period, and if it is not within the repayment tolerance, the bank will also recover all interest during the "interest-free period". For example, the 5th of every month is the last repayment day. You borrowed 10,000 yuan on the 6th of last month, and you only repaid 9,990 yuan on the last repayment day. Then, on the next final repayment day, you will We still have to pay one month's interest of 10,000 yuan - about 150 yuan, as well as the 10 yuan owed and one month's follow-up interest - about 1.5 cents.
5.Q: If I use a credit card to borrow money and repay it on a recurring basis, and borrow new debt to repay old debt, I can never pay back the money.
A: Wrong. First of all, credit cards cannot withdraw cash without interest, so you have to find a place where you can swipe your card to make purchases to cooperate with you, which is very difficult. Secondly, although you borrow money every month, only the first month's money can actually be used. That is the maximum limit the bank will give you. Third, you always have to pay it back eventually, so doing this is really just saving you the interest on the money you borrowed the first month. And the interest was not much to begin with. It may not be worth it if you have to work on it every month. And once you forget to operate in a certain month, or the operation fails, the penalty interest will far exceed the interest you save.
When swiping any credit card, should we not swipe in whole numbers or should we not swipe in whole tens, whole hundred, whole hundred, whole thousand, whole thousand, and so on?
Card swiping is only for real personal transactions and cannot be cashed out, so it doesn’t matter whether the amount is an integer or not, it is whatever it is.
But if it is a cash-out transaction, regardless of whether it is an integer or not, the card will be frozen once it is detected. So if you use it normally, you can use it however you want, as long as you remember to repay the money on time every month and don't cash out, it's illegal.
Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit. Credit cards stipulated in my country's relevant laws ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions that have all the functions of consumer payment, credit loans, transfer settlement, cash deposits and withdrawals, etc. Or an electronic payment card with some functions [1-2]. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only. Starting from January 1, 2021, credit card overdraft interest rates will be determined independently by card issuers and cardholders through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. 0.7 times). On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues Concerning the Trial of Bank Card Civil Cases". bank card. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.
Will the interest rate be lower if the credit card is swiped in round numbers?
The interest rate will be smaller if the credit card is swiped in round numbers. Credit card regulations stipulate that if the amount of the card swiped exceeds 1,000 yuan, your interest can be reduced. The interest rate of 6 is reduced to 3.
What is a single integer transaction with a credit card?
Integer single transaction: Card consumption is often an integer amount such as 10,000, 50,000, etc., which does not conform to the actual consumption and will be considered a TX. Then you The probability of being reduced by the bank is very high.
What does it mean when a credit card bill is in whole numbers but there are decimal points?
When a credit card bill is in whole numbers but there are decimal points, it means that the amount spent on the credit card is a few cents. According to relevant query information, a credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It is in the form of a card with the name of the issuing bank, validity period, number, and cardholder printed on the front. .
That’s it for the introduction of credit card swiping in whole numbers.