How are people without credit cards?

People without credit cards are not good and will miss many good opportunities.

1. First of all, they missed the opportunity to be white. People who have applied for credit cards or loans will not have blank records on their credit reports. Compared with loans, the threshold for credit cards is low. If you meet the basic conditions for applying for a card, you will have the opportunity to apply for the card, and then build a good reputation by using the card and repaying the loan. Credit is a great help whether you are applying for bank credit or finding a job in the future.

2. Secondly, they missed the opportunity to save money. Nowadays, in addition to saving money through group purchases and joint orders, there is another way to save money by swiping credit cards. In terms of consumption alone, many banks have launched various preferential activities, such as China Merchants Bank’s 50% off on Wednesday dining, 50% off on overseas shopping on Fridays by Guangfa, 12% off on gas with Ping An Credit Card, etc., including food, clothing, housing, transportation, food, drink and entertainment, and there are banks’ cooperative merchants in various fields. . Not to mention that high-end cards also provide a wealth of value-added service benefits, such as free golf, teeth cleaning, physical examinations, airport VIP rooms and fast lanes, as well as airport pick-up and drop-off, roadside assistance, and even high-cost insurance, many of which are available. The service that money can't buy is worth it just thinking about it.

3. Finally, they missed the opportunity. Credit cards are not just for consumption, they are also magical tools. At the initial stage, they can provide services such as credit card cash withdrawals and cash installments. At the advanced stage, there are also large exclusive cash loan limits. It can be said that with a credit card, when you need money urgently, you don’t have to run around and look for someone to borrow money. Of course, credit cards have advantages and disadvantages. People who have cards still have to spend moderately and repay them on time.

In fact, whether or not to use a credit card depends on your consumption concept of money. Credit cards use a concept of spending in advance. When you need money and don't have that much money on hand, you can advance the money in the credit card and get points accordingly, and then the points can be exchanged for many things. But you have to make sure you have the ability to repay. If you have the ability to repay, you can apply for a credit card. Points can be used to redeem corresponding prizes. If you don't have the ability to repay, it is recommended not to apply for it, because credit cards are now a relatively sensitive card. If you are unable to repay the loan, you may be blacklisted. The harm to the blacklist is also relatively large, such as restrictions on travel and consumption. In serious cases, it may affect the education of the next generation, so carefully consider whether to apply for it.

Can I use it without a credit card?

Yes, the credit card needs to be activated before it can be used. Before activation, the credit card cannot be used for consumption, cash withdrawal and other operations.

Generally, after applying for a credit card, you can use several methods such as bank branch activation, online activation, and mobile banking activation.

Most credit cards do not charge an annual fee before activation, but some high-end credit cards will incur annual fees if not activated. The annual fee will be included in the current bill. Overdue credit will affect personal credit records.

If your credit card is overdue, penalty interest will accrue, and interest will be calculated on the full amount, with a daily interest rate of 0.5%. For example, if your credit card is overdue by 5,000 yuan and the number of overdue days is 30 days, then the penalty interest is 5,000 × 0.05 × 30 = 75 yuan.

In addition, in addition to interest, overdue penalties will also result in liquidated damages. Different banks have different charging standards for liquidated damages. Generally speaking, most banks’ credit card liquidated damages charging standards are basically set as 5 of the unpaid portion of the minimum payment.

We know that overdue is a kind of breach of trust. Once a credit card is overdue, the bank will report the overdue record to the central bank's personal credit report. The overdue record will be retained on the personal credit report for five years. During this period, when applying for a bank loan, you may encounter high interest rates, small loan amounts, or even the loan application is directly rejected by the bank.

Credit reports are currently mainly used for various consumer credit businesses of banks. As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting. In addition, personal credit reports also provide the inquirer with a way to review and standardize his or her credit history behavior, and form a verification mechanism for personal credit information.

In addition, for those whose overdue circumstances are particularly serious, their travel will also be affected. They will not be able to fly, high-speed rail, stay in hotels, or use mobile phones to make overdraft purchases. Their children will not be able to attend key schools, and it will be difficult to move forward without trust.

Credit card debts are protected by law. If a cardholder maliciously overdrafts and fails to pay overdue, he is suspected of credit card crime and will be punished by law and face jail time. The penalty depends on the overdue circumstances. The more serious the circumstances, the heavier the penalty. If the overdue amount is particularly large, you may even be fined.

Banks are the ones who suffer the most from overdue cardholders. In order to reduce losses, banks will generally reduce the credit card limit of cardholders, or even directly block the card. Once your credit card limit is reduced or blocked, it will be difficult to increase or unblock it. When using a credit card, you must repay on time. Overdue behavior is not advisable. You must not take risks, let alone take chances, otherwise the consequences will be serious.

What impact do you think it would have if there were no credit cards in your life?

“What would be the impact if there were no credit cards in life?” The emergence of credit cards has greatly accelerated our consumption pace and also increased our consumption power. With the Internet and online consumption With the rise of the economy, we are becoming more and more dependent on credit cards. What would happen if we did not have credit cards?

1. Basic information about credit cards

A credit card is actually a bank card, also called a debit card. The difference from a debit card is that a credit card mainly provides an advance consumption limit. , which allows users to directly conduct consumption deductions and conduct unified settlement on a monthly basis. This also greatly releases the liquidity of funds, which is equivalent to a bank lending you money for early consumption, and credit cards have interest-free periods, which generally can last up to 45-60 days. At present, many people use credit cards because credit cards can help transfer funds.

2. What would happen if there were no credit cards

In fact, before credit cards appeared, everyone’s life would go on as usual. Therefore, what would be the impact if we did not use credit cards?

1. The allocation of funds has become tense

Credit cards are actually a kind of credit loan product. The bank gives inconsistent credit lines based on the individual's credit score. When money is tight, many people rely on the interest-free period of credit cards for turnover. Without credit cards, our consumption will return to the situation of making a payment and paying the bill at the same time. Therefore, to a certain extent, canceling the use of credit cards will reduce the cost of funds. Liquidity.

2. Avoid overdraft consumption

While credit cards benefit us, they also bring a certain degree of negative impact, that is, they increase the frequency of overdraft consumption. Since credit card advance consumption will not be deducted immediately, many people will spend more than expected without even realizing it. Without a credit card, this situation would naturally be avoided.

3. Help improve living standards in advance

There is a saying that buy early and enjoy early. Like some home appliances and furniture products, it means buying early and enjoying early. Therefore, many people will pay for houses through credit cards. The down payment for buying a car allows you to enjoy these conveniences in advance. Improved quality of life.

3. Benefits of using credit cards

In addition to prepayment, credit cards also have other benefits. For example, you can accumulate points and redeem some items at the bank. Secondly, you can enjoy some exclusive discounts when making online and offline purchases, which is more cost-effective than using bank cards directly.

In summary, credit cards actually have advantages and disadvantages, so whether it brings convenience or negative effects depends on how the user uses it. It is recommended to use the credit card limit reasonably to avoid overdue credit. .

That’s it for the introduction of what would happen if you don’t have a credit card.