1. You can overdraw your spending, and you can use your credit card to spend or withdraw cash when your funds are insufficient.

2. Enjoy the convenience of installment, and you can pay it back slowly by installment after large consumption.

3. it is convenient to travel and enjoy preferential treatment. At present, there are many different types of credit cards, some of which have the function of taking the subway and bus, some of which have discounts for booking air tickets and hotels, and some of which are convenient for changing foreign exchange 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 don't have to pay interest, and users can use their own money for investment.

5. points are exchanged for goods. Generally, credit cards are used for spending, and points can be used for shopping in integral mall.

2. Disadvantages of handling a credit card:

1. After handling a credit card, you will receive a credit report at the meeting. Once your credit card is overdue, there will be overdue records on your credit report, which will affect your credit.

2. It will be stolen. If someone steals a credit card, it will be easily stolen, causing losses to yourself.

3. Make your consumption irrational. You don't have to pay back immediately when you use a credit card, but you will pay it back next month, which will easily lead people to spend blindly.

credit limit

credit limit refers to the maximum overdraft limit given to your credit card by the bank when approving your credit card. You can only spend by swiping your card within this limit, and beyond this limit, you cannot spend by swiping your card normally.

the credit limit is approved by comprehensive evaluation based on the information you filled in when applying for a credit card and the relevant supporting documents provided. The main card and the supplementary card * * * enjoy the same credit limit. Under normal circumstances, the RMB limit and the US dollar limit of a dual-currency credit card can be converted to each other. For example, your limit is 3, RMB, and when you use the card abroad, your credit limit is equivalent to about 5, US dollars.

The credit limit will be adjusted by the bank on a regular basis, but you can take the initiative to provide relevant financial proof to request the adjustment of the credit limit. In addition, when you need a higher credit line in a certain period of time when traveling abroad or moving to a new house, you can ask for a higher temporary credit line.

trading day

the date when the cardholder actually uses the card to trade.

billing date

, also known as billing date, refers to the date when the card issuing bank debits the transaction amount to its credit card account or the date when the card issuing bank debits the relevant expenses to its credit card account according to relevant agreements. The general billing date is the second day of the cardholder's actual consumption date. For example, if you shop on December 1st, then the general billing date is December 2nd.

billing date

billing date refers to the date when the issuing bank regularly summarizes the transactions and expenses of the cardholder's credit card account in the current period, calculates the interest and calculates the payable amount of the cardholder in the current period.

repayment date

the date when the cardholder actually repays the credit card account to the bank.

interest-free repayment period

for non-cash transactions, the date from the bank bookkeeping date to the due repayment date is the interest-free repayment period. The shortest interest-free repayment period is 2 days and the longest is 56 days. During this period, as long as you pay off the amount payable in the current period on the current statement in full, you don't have to pay the interest on any non-cash transaction (you don't enjoy interest-free discount if you borrow cash in advance).

due repayment date-the latest date stipulated by the issuing bank that the cardholder should repay all the repayments or the minimum repayment amount.

if you don't intend to continue using the credit card, you must cancel the account. If you don't cancel the account, the bank will charge the annual fee of the credit card.

you can apply for account cancellation at any time if the card is not overdrawn.

if the card has not expired, you need to apply first, and then go to the bank to cancel the account after a certain period of time; If the card has passed the validity period and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. When closing the account, you should bring the original valid identity certificate and card. If it is not convenient for me to go through the formalities of closing the account, someone else can do it for you. The agent must hold the power of attorney written by the principal (himself) and bring the original valid identity certificate to handle the account cancellation business.

if your card has not expired when you cancel your account, some banks stipulate that you need to go to the designated outlets to receive the card, and then go through the formal account cancellation procedures after a certain period of time (up to 3 days).

This is mainly because if the cardholder has made a manual credit card transaction before closing the account, the cardholder has already closed the account before the merchant submits the credit card slip to the bank for entry, so the bank can't settle the account normally; On the other hand, if the cardholder is in consumption abroad or withdraws cash, it may be several days before liquidation. If the account is cancelled immediately, it will also affect the normal liquidation of the bank.