How to maintain a credit card

1. Many people have this idea, why do I use the same way as him to swipe his credit card? His limit has been increased, but you have indeed not increased the limit. First of all, every time Individual qualifications are different, and the load rate is also different. Then when you swipe your card, you cash out every month, and then swipe it out in one stroke. How can the bank increase your limit?

2. Some people will say that they don’t have money to pay by themselves. The simplest way is to start the operation after the bill comes out. For example, if you only have 1,000 yuan in the card, then you can do it 10 times. The bill date is at least 18 days from the repayment date, and some are more than 20 days. You can say how many times you can operate it, and the machine can arrive in seconds. You can do it in a few days. Don't think about raising the limit all at once. The good thing is that some people have better qualifications in banks than you.

3. The normal routine of maintaining a card is to pay for more and pay for more. Pay for more by dividing the money and pay it back into the credit card. The more you pay is the number of transactions. The type of merchant is that you have to diversify your consumption every month. , for a 2W card, you can spend the 2W in 15 times, and then split the amount to get out the amount. Of course, it is best not to enter and exit in seconds. The specific method depends on the individual's different funds.

How to use one credit card to pay off another credit card to maintain the card is really not recommended

Sometimes, in order to alleviate the urgent need, some people will use another credit card to pay off the credit card. , which is what everyone often calls the method of tearing down the east wall to make up for the west wall. How to use one credit card to pay off another credit card? Is this behavior okay? Next, we will introduce the method of repaying a credit card with a credit card.

Can I pay back a credit card?

Currently, most credit cards have a 50% cash withdrawal limit (some have 30%, and some do not support cash withdrawal). We can use one of the credit cards to withdraw part of the cash and then pay back the other credit card. If it’s still not enough, we can apply for credit card bill installments to solve the problem. However, it should be noted that there is a handling fee for credit card cash withdrawals. Everyone must know.

Also, when you have no money to repay the credit card, you can use 2,000 yuan to pay off the credit card debt of 4,000 (N 2,000). Repaying 2,000 first, taking it out the next day, and depositing it immediately is equivalent to two repayments until the total repayment of 4,000 is completed, and so on. The fees must also be paid together. So you can’t use it often!

There is another method. It depends on which credit card bank you have. The handling fee is basically 1%, and the minimum for a single transaction is about 10 yuan. Some banks start calculating the interest on the next day, which is 0.5% interest per day on 2,000 yuan. If you pour 2,000 for one month, you will have to pay a handling fee of 20 plus interest of 30 each time, totaling a total fee of about 50 yuan.

After reading the above content, does everyone understand it? Credit card repayment is commonly known as using a card to support a card. Although it can provide some relief, it is a helpless move, but it is not a long-term solution! And I don’t agree with this method. In addition, banks actually prohibit this kind of card use.

How to maintain a credit card correctly?

The correct way to maintain a credit card: 1. Three months after opening the card, you must accumulate credit and repay on time. Let the bank be absolutely assured of you. It takes more than 3 months of using the card to increase the bank limit. It also takes 6 months of using the card to apply for a card. These are all used to see your performance. Only the first few months have been good. Only if you have a good credit record, the bank will be able to raise your credit limit and apply for a card with your card.

2. Use POS machines with small amounts and points as much as possible. Only when the bank makes money will the bank increase your balance. The profit sharing of the POS machine is as follows: 7 for the card issuing bank, 2 for the depositing bank, and 1 for UnionPay. Those with points are not capped, and those without points are capped and cannot make money.

3. Repay frequently. The purpose of this is to increase efficiency and increase the utilization rate of funds. The more frequently you swipe and repay the card, the more the bank likes it. Only in this way can the bank feel that the funds are safe and make money. .

4. Friends who want to cash out working capital, read this article. Banks believe that the key to cashing out lies in large-amount consumption - large sums in and out, the overdraft limit accounts for a high proportion of the total limit, and the maintenance period is long, which is a taboo in using the card. In fact, it doesn't matter if you want to cash out. This is a problem that every bank cannot solve. The key is not to go too far. My personal advice: Be careful when making large amounts, and the amount should not exceed one-fifth of the total amount. Except for brushing points.

5. Use every opportunity to brush every day, no matter how big or small.

When I buy a bottle of mineral water, I always swipe my card. Why pay electricity bills, water bills, and phone bills? Don’t underestimate these small credit card swiping records, they are very useful for your card usage activity. The amount of card swiping, the frequency of swiping the card, the type of consumption, the repayment record, and the contribution value of the card? These are the categories that the bank's computer system examines.

6. Make at least two cash withdrawals a month to let the bank earn some interest. Make an installment every two months, and the number of installments should not be too long.

7. Participate in the bank’s preferential points activities.

Correct operation of credit card maintenance

1. Effectively set repayment agreements

Generally speaking, everyone who has a card knows that after swiping the card, the money will not be transferred. Directly repay it to the bank card, but directly put it into the third-party repayment software, and then the app will directly help you make money. The day before the repayment, it will help you take the money out of the monetary fund and then return it to the credit card. , you can make some small profits, and this repayment method can bring me dozens of dollars in income every month. Therefore, I have set up an agreement on each of my repayment software. The repayment agreement has made me earn a lot of RMB, hundreds of yuan in one year.

2. Make bank money in a wise way

It seems easy to collect money from the bank, but it is full of pitfalls. If you are not careful, the bank will find out. Every month you empty your card on the day after the billing date, and then repay it the day before the next month's repayment date. Each of your cards is empty. If you check your credit report, it will be clear at a glance that you are It's the Mafia Party! Of course the bank will not give you a platinum upgrade, but will give you a credit limit increase!

You make money from the bank, but you sacrifice the cost of your credit report.

3. Correct repayment posture

Within a fixed period of three months, swipe one card at a time, such as phone bills and electricity bills, and then repay when you have money. , ensure that each card has 50% of the limit, and cannot exceed the 60% vacancy rule. Use this card frequently, refrigerate it after three months, refrigerate it for three months, and increase the fixed limit. One mention is accurate, Bank of Communications is In this way, Ping An pays more attention to the credit report and credit limit of Bank of Communications, because Bank of Communications' approval and risk control are relatively strict, and it has become an "indicator light" for other banks to issue cards.

4. Choose the appropriate merchant to swipe your card

Not all merchants’ card swiping transactions can generate income for banks. Some merchants do not charge card swiping fees, so the corresponding banks usually do not accumulate credit card points for such merchants' card swiping transactions. Such card swiping transactions do not significantly help cardholders apply for a limit increase. It is recommended that you make more transactions with your card at merchants that have points. In addition, different types of merchants should be swiped as much as possible. For example, after a few catering transactions, you can swipe merchants in shopping malls and supermarkets to maintain transaction diversity.

5. Don’t just swipe your card to maintain your card

In addition to swiping your card for consumption, you must quickly “maintain your card”. It is recommended that cardholders try to handle other credit card businesses, such as credit card cash withdrawals, credit card installment repayments, etc., because these businesses can also contribute revenue to the bank and will of course be welcomed by the bank.

6. Control the number and amount of card swipes

Credit cards need to be swiped more often to increase the limit quickly. Banks issue credit cards to generate revenue. Card swiping fees are an important income from the credit card business. As long as cardholders swipe their cards to make purchases at merchants, they can generate revenue for the bank. Therefore, cardholders who swipe their credit cards frequently and have a high proportion of card swipes in a single month are more popular with banks. Generally speaking, if a card has more than 30 purchases per month, and the amount of card transactions in a single month must exceed 60% of the total credit limit, it is easy to get approval for applying for a credit limit increase. If the cardholder himself does not have so many consumption needs, he can try to help others swipe the card to make purchases to increase the number of swipes and the amount.

Notes

Swipe more for small amounts and pay more, and then ensure a 50% card usage rate. I believe it won’t be long before your card will be able to increase its limit.

That’s it for the introduction of how to pay back the credit card.