Benefits of applying for a credit card:

1. You can make overdraft for consumption. When you have insufficient funds, you can swipe the card for consumption or withdraw cash.

2. Enjoy the convenience of installment. After a large purchase, you can pay it back slowly in installments.

3. Convenient travel and enjoy discounts. There are many different types of credit cards now. Some have the function of taking the subway and bus, some have discounts for booking air tickets and hotels, and some are convenient for converting foreign exchange when going abroad.

4. It is convenient for financial management and investment. Credit cards have an interest-free period of up to 56 days. During the interest-free period, users do not have to pay interest. Users can use their own money for investment.

5. Points can be redeemed for items. Generally, you will get points when you use a credit card to purchase items. The points can be purchased in the bank points mall.

2. Disadvantages of applying for a credit card:

1. After applying for a credit card, a credit report will be submitted. Once your credit card is overdue, an overdue record will appear on your credit report, which will affect own credit.

2. It will be stolen. If your credit card is stolen by others, it can easily be stolen and cause losses to yourself.

Many people often apply for emergency loans when they have difficulty with cash flow in their lives. Baidu has money to spend: Du Xiaoman's small credit loan has a maximum limit of 200,000, a maximum loan period of 24 months, and an annual interest rate as low as 7.2%. The specific interest rate is shown on the loan page. You can borrow and repay flexibly at any time, apply for the whole process online, and there is no guarantee or mortgage. Submit the application and get the result within a few minutes. Once approved, you can get the money on the same day.

Reference material: Du Xiaoman Youqianhua official website

3. Let your consumption become irrational. If you use a credit card to consume, you don’t have to pay it back immediately. You can easily pay it back next month. People consume blindly.

Credit cards can usually be used for daily life consumption. However, if you really need fund turnover, credit cards can also be used to withdraw cash. Although the cost is relatively high, it can indeed solve everyone's urgent needs. So here is a brief explanation Let’s take a look at the handling fees and interest for credit card cash withdrawals:

The cash withdrawal handling fees of each bank are different. They are generally charged at 1%-3% of the cash withdrawal amount, and the interest is charged at 0.05% per day. , and it is calculated from the moment the cash is withdrawn. In addition, there is another fee for credit card cash withdrawal, which is overdue interest. At present, most banks' credit card cash withdrawals do not support installments and minimum repayments, which need to be included in the current bill. All must be paid within the due date. If it is overdue, overdue fees will be charged.