I believe that there are many people who hold the attitude of not using credit cards if they can. They think that credit cards will affect their credit report and make them bear high interest rates. In fact, this is not the case. If used properly, you will become a master of shearing wool without even realizing it. Let me introduce you to some basic knowledge and usage tips!

Credit cards, also known as credit cards and overdraft cards, refer to electronic cards issued by commercial banks or other financial institutions that have all or part of the functions of consumer payment, credit loans, transfer settlement, cash deposits and withdrawals, etc. Payment card. When you use a credit card for consumption, you do not need to use the cardholder's deposit balance. Instead, the bank advances the consumption amount, and the consumption amount is repaid to the bank in one lump sum or in installments on the designated repayment date. The amount of consumption that occurs between two bill dates is the amount that needs to be repaid on the next repayment date.

So how to avoid misfortune when using credit cards? Please read the following tips:

1. Remember the interest-free period of the card and have flexible funds and low risks

Usually, the interest-free period of a credit card can be up to 50 days. For example, if the billing date is the 5th of each month and the repayment date is the 25th of each month, if you spend 10 yuan on January 6th, your interest-free period will be up to 50 days. The money will not be included in the bill until the 5th, and the 10 yuan will not be repaid until February 25th. There will be 50 days in between that are interest-free, just like Huabei. To use another inappropriate analogy, if the 10 yuan stays in your hand for 50 days, you might be able to win 100 yuan by buying a lottery ticket.

2. Spend less than half of your credit limit, and you will have no difficulty in sustaining the economy

Try not to spend all of your credit card limit in a certain month. If you spend it all, then it will be paid on the bill day. You cannot use your credit card for 20 days between due dates. If you are used to saving your cash flow until a few days before the repayment date, you will be in the dilemma of "no money to spend" in these 20 days, and even if you have money to spend, you will not feel comfortable. Therefore, if there are two quotas, only one of them can be used at most every month. The continued use will be more stable. At the same time, it also limits oneself, remains rational, consumes in moderation, and does not let yourself fall into the dilemma of over-consumption and inability to repay.

3. Refuse to make cash withdrawals and apply for installments to curb the compound interest on arrears

Do not use cash withdrawals or bill installments easily unless it is an emergency. This method of using the card will cause you to bear a higher cost. High handling fees. How high the rate is specifically is not convenient to mention in the article. I hope you readers will understand! In addition, this kind of behavior will also make you develop bad consumption habits, mistakenly thinking that you are rich, and delaying the debt again and again. The principal and interest will snowball together, gradually exceeding your ability, and your life will become worse. Going further and further.

In order to stimulate cardholders to use credit cards, banks will launch promotional activities from time to time, such as discounts when paying at a certain restaurant, random instant discounts on purchases at convenience stores, free public transportation, and travel and accommodation. The hotel offers free room upgrades, etc. Whether you are a person who enjoys life or a person who lives cautiously, there will always be a discount activity that can meet your needs. These are things that you cannot get with the opportunity card, so how can you miss them?

5. Consumption points can be redeemed for gifts, and it is difficult to recall them if they are expired

Credit cards will generate points after actual consumption. These points are usually cleared on a yearly basis. Everyone must be sure to Before clearing your points, go to the Points Mall to see what kind of gifts your points can be exchanged for, and use them promptly. Items as small as napkins, toothpaste and toothbrushes, or as large as stereos, tickets, washing machines, etc. can all be delivered to your home with free shipping. Once they are delivered to you, you can’t help but take them.

6. Automatic repayment will not be overdue, and your credit report will always be excellent

If you repay manually, it will inevitably be confusing. If it is overdue, it will affect your credit report, so bind it together. Zhang Peer debit card is the most convenient for automatic repayment, and can also save the handling fees incurred by third-party repayment methods. Although banks will remind cardholders to pay off the credit balance before the repayment date, in addition to external forces, they also need to form muscle memory themselves, and deposit money into the debit for repayment a few days before the repayment date. Cary.

Attachment: Most credit cards usually only check the credit report once when applying, and will not check again during the validity period. Post-loan management will not affect the credit rating of the cardholder.

A few credit cards with cash withdrawal function will re-check the credit report every time you withdraw cash. When using such a card, you must consult the card-issuing bank to avoid unnecessary losses to yourself.

The above is my experience of using credit cards. What do you think?