The 20 yuan repayment exemption for Pudong Development Credit Card refers to the privilege of being exempted from repayment. The privilege of being exempted from repayment means that you can receive a repayment notice for free every month before the repayment date. The free trial period is two months. , 20 yuan per month starting from the third month. This means that you can experience this benefit for free within a two-month period. After the trial period expires, it will be automatically renewed starting from the third month, with a monthly fee of 20 yuan.

Disadvantages

The invention of credit cards is like a double-edged sword, which can solve the temporary economic crisis, but the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, , a high amount of interest will be charged, usually 50,000 per day.

Swiping cards for blind consumption is not like spending money one by one like paying with cash. Once you swipe, you don’t feel anything, just a few numbers, which leads to blind consumption and money flowing like water.

Excessive consumption of laptop installments, digital camera installments, and smartphone installments. While enjoying your favorite items in advance, you must also consider whether you are able to repay them.

High Interest Rates If you don’t know how to take care of your credit card and cannot repay the loan as scheduled when the final payment date comes, the bank will charge you high interest rates. (The minimum repayment for the first month of a credit card shall not be less than 10% of the overdraft amount of the month)

Credit cards that require annual fees basically have annual fees, but they basically have annual fee-free policies. , for example, China Construction Bank only needs to swipe the card three times a year to waive the fee; but if you do not swipe the card the number of times specified by the bank in a year, an annual fee will be charged.

Scam credit cards basically use password-free swiping by default. This makes it easy for someone else to swipe the card when it is lost or stolen, causing unnecessary trouble or losses; but in fact, you can also apply for a credit card. Spending by swiping the card with the password - this depends on how you manage your credit card. Of course, many people lack experience in this area and do not close the account after canceling the credit card. Some criminals re-apply for a credit card overdraft and lose money in vain. , very not worth it.

Affected personal credit record Long-term malicious arrears will naturally affect personal credit record and even be blacklisted by the bank. If you want to apply for a bank loan to buy a house or a car in the future, you may be rejected by the bank.

Cancellation Trouble CCTV once reported that a cardholder still received bank statements several months after canceling his credit card after paying off all the outstanding balances. What happened after that made him miserable. This famous article For "Credit Cards That Can't Be Repaid", he exposed the shortcomings of today's credit cards.

Although there is an interest-free period for credit cards, it is only for card consumption. There is no interest-free period for cashing out, and handling fees are also charged.