There are some tips for using your credit card well. Here are a few points worth noting:

Refuse to use the minimum repayment amount: If you choose the minimum repayment amount, then Additional interest will be charged on the unpaid portion. Sometimes it may increase the burden on the borrower.

Choose the installment business carefully: Installment payment relieves the pressure of repayment, which sounds great, but the price of slightly lessening your pressure is more handling fees. If installment payment is necessary, everyone must remember to understand the cost first.

Grasp the best time to swipe your card: Credit cards have a billing date. If you swipe your card on the first day after the billing date, you can enjoy at least a 50-day interest-free period. If you swipe your card on the billing day, you can only enjoy a 25-day interest-free period. By knowing the best time to swipe your card, you can have a longer interest-free period.

No annual fee if you swipe the card enough times: Generally speaking, credit cards charge annual fees, but many banks now have regulations that waive the annual fee for the following year after the card is swiped a specified number of times in a year.

Modify the credit card statement date: Modify the credit card statement date to extend the interest-free period by one month. Some bank credit cards have a billing date modification service. Cardholders can use this function to modify the credit card billing date and extend the interest-free period by one month.

Use multiple credit cards for consumption: The main way to use credit cards is to use credit cards for consumption. You can enjoy a certain period of interest-free period for swiping credit cards, and sometimes there are some discounts. In addition, the annual fee exemption for credit cards and the accumulation of points are related to the number of credit card swipes, so you should use your credit card frequently to make purchases.

Repay in full and on time: If the repayment is overdue, the bank will not only charge overdraft interest but also late payment fees. In severe cases, it will cause bad credit and cause a lot of inconvenience for future loan applications.

Only pay off the outstanding balance to avoid overpayment: The overpayment on a credit card is the excess deposited by the credit card holder after paying off the outstanding balance. Credit card overflow deposits will not accrue interest, and additional handling fees will be incurred if you want to withdraw them (some banks do not charge them), which is really not cost-effective.

Participate in more banking activities: Many banks have points day promotions, and the best way is to follow the promotions. And after you deal with the bank more, the bank will improve your qualification level, making it easier to increase your limit.

The above are the tips for using credit cards summarized by the butler, so that you can use them cost-effectively! Hope this helps!