What should you pay attention to when using credit cards?

There are many terms and conditions for the use of credit cards, and cardholders may cause some misunderstandings if they do not understand or are unaware of them. Therefore,

you should learn more about the usage rules.

1. Calculate the interest-free repayment period. The bank does not promise that you can enjoy the 56-day interest-free repayment period at any time. Generally interest-free

The repayment period is determined by three factors: the customer's credit card consumption date, the bank statement date and the bank's designated repayment date. For example

For example, the bank statement date is the 5th of each month and the designated repayment date is the 23rd of each month. The customer consumes once per month. If

If you spend 2,000 yuan on the 4th of the month, the interest-free repayment period is the period from the 4th to the 23rd of the month, which is 20 days; if you spend 2,000 yuan on the 5th of the month (general merchant bills will arrive one day later) ), the interest-free repayment period is from the 5th of the current month to the 23rd of the next month, which is up to 49 days. Therefore, you must pay attention to two points when making purchases. One is the cardholder's consumption date; the other is the number of days between the bank's single date and the repayment date.

2. Do not overdraft. According to the "Bank Card Business Management Measures" and "Customer Agreement", cardholders will not enjoy free credit when using the card beyond the credit limit approved by the card-issuing bank

Interest period treatment, that is, overdraft interest is paid from the date of overdraft. Therefore, when cardholders

enjoy the benefits of interest-free repayment of credit card overdrafts, remember not to exceed the credit limit approved by the bank (i.e. the overdraft amount),

otherwise the excess amount will not be used. You will enjoy interest-free repayment treatment and will have to pay unexpected overdraft interest.

3. Overdraft repayment must be paid off with a credit card. During the interest-free repayment period, the cardholder does not need to pay interest on the full repayment

However, if it is partially repaid, To repay an overdraft, if the minimum repayment amount stipulated by the bank is met, there are currently two completely different methods of calculating interest: The first is as long as the cardholder has a penny that is not paid during the repayment period. If you repay the loan, you will not be able to enjoy the interest-free treatment; the other is that you only need to pay the interest on the arrears. The former is the practice of most banks, and only a few banks adopt the latter approach. There was a gentleman who overdrafted 750.50 yuan. Because he forgot the specific amount of the overdraft, he only paid back 750 yuan during the interest-free period

and he still owed 0.50 yuan. Unexpectedly, the bank did not calculate interest based on 0.50 yuan, but calculated interest based on 750.50 yuan

. You say it's unfair or not.

4. Credit card cash withdrawals do not enjoy the interest-free period, but interest is calculated from the day of withdrawal. Credit card cash withdrawals require interest payment

and do not enjoy the interest-free repayment period. , and interest calculation starts from the date of withdrawal of overdraft. These regulations are generally stated in the credit card usage precautions of each bank

"Credit card withdrawals or transfer overdrafts do not enjoy the interest-free repayment treatment. The interest will be calculated based on the daily interest rate starting from 0.5%." And so on.

5. Don’t use your credit card as a passbook. It is an international practice to use the deposit (reserve fund) in the credit card without interest. Most banks operate in this way. This is true in all banks. It is clearly stipulated in the "Customer Agreement" or "Articles of Association". And do not encourage deposits

Consumption is the original intention of banks to issue credit cards. Therefore, cardholders must not use their credit cards as passbooks.

6. Waiver of annual fee, not every year. In order to develop more customers, some banks often use various methods to attract cardholders

Waiver of annual fee is one of them. one. However, annual fee exemptions generally only waive fees for the first one or two years, and are often tied to users using them for at least a longer fixed period.

Therefore, cardholders should pay attention when using the card. If the annual fee is not paid when due, the bank may automatically deduct money from the cardholder's account, and the amount deducted by the bank will be counted as the cardholder's credit. Overdraft withdrawal

, so the loan interest must be calculated, and compound interest will also be calculated, so the interest will accumulate day after day, and over time, it will be collected inexplicably

to the overdraft interest notice. So, if the cardholder doesn’t use their credit card often, it’s best to log them out.

What should you pay attention to when using a credit card for the first time?

The monthly billing date is the 22nd of each month, that is, any payment made before the 22nd will be repaid on the 10th of the next month.

Any payment made after the 22nd can be repaid until the next month. . This is the one with the longest interest-free period.

If you really can’t afford it, just pay the minimum payment, which is one-tenth of the cost.

What should you pay attention to when using a credit card?

Many people make the mistake of applying for a credit card and going to an ATM to withdraw money. Not only does it cost interest, but it is also difficult to increase your credit limit in the future. The minimum monthly payment is not good either. Not only does the bank have to charge you Interest and credit limit cannot be increased. Spending and withdrawing cash from the card swiping machine will not be affected. Supplement: How many difficult questions are hidden in a credit card statement? But credit cards have invaded our financial life day by day. If you sign a credit card contract in a daze and cannot understand the statements that arrive every month, you will really become a slave to credit cards. Don't "misunderstand" the three amounts. 1. Don't use the "minimum repayment amount" easily. Xiaoli was very frustrated. The debt in the last period was originally 1,900 yuan, but because she saw a column of "minimum repayment amount" on the statement, she mistakenly thought This was because of the "interest-free" discount provided, so I took it for granted that I only paid back 190 yuan. As a result, the bank was merciless and presupposed that she used the loop credit and levied loop interest on all the debts from the accounting date, and the annual interest rate was as high as 18, so she paid dozens of yuan in interest in vain. Xiaoli was not the only one who was confused. Many cardholders who came into contact with credit card statements for the first time did not understand why there was a column called "minimum repayment amount" alongside the current balance. In fact, the "minimum repayment amount" is prepared for those who cannot afford to repay the credit card in full. Once you repay the minimum repayment amount, you have used the "recycling credit" of the credit card, and the bank will pay for all outstanding debts. Interest is charged from the accounting date. But we will not see relevant prompts on the statement. For example, Article 30 of a bank's credit card regulations clearly stipulates that "when a cardholder chooses the repayment method with the minimum repayment amount or uses the card beyond the credit limit approved by the card issuer, he will no longer enjoy the interest-free repayment period and shall pay the outstanding amount." The repayment portion shall be charged with overdraft interest at the prescribed interest rate from the date of bank accounting. Cardholders do not enjoy the interest-free repayment period and minimum repayment amount when withdrawing cash. Overdraft interest shall be calculated at the prescribed interest rate from the date of bank accounting. . ” 2. Keep your credit limit in mind. The more routine items you take for granted, the easier it is to fall into misunderstandings. In fact, if you carefully study the above terms, you may find another point: "When you use the card beyond the credit limit approved by the card issuer," you will not enjoy the interest-free treatment. This requires us to pay attention to another project - credit limit. In the upper left corner of your credit card statement, there is usually a column that tells you how much credit you have. The so-called credit limit is the total amount of overdraft that a credit card holder is allowed to have. A common misunderstanding that people often make is that they forget their credit limit. It doesn't matter if you use less of your credit limit. If you accidentally exceed it, not only will you not be able to enjoy the interest-free treatment, but you will also be charged an over-limit fee. An effective suggestion is that when you are not sure how much credit limit you have available, consult the credit card service hotline to avoid exceeding the limit! 3. Don’t change the cash advance limit. It is located in the upper left corner of the credit card statement. Immediately after the credit limit, there is usually a "cash advance limit" item, which means that the bank authorizes you to withdraw it from the ATM. The cash limit is generally 20 to 50% of your credit limit and is included in your credit limit. Some people may ask, does this mean that I can withdraw money from my credit card to pay for various expenses or even invest it, and still enjoy the interest-free treatment? No.

Although every credit card comes with a cash advance limit, withdrawing cash from a credit card is often considered irrational. Because you have to face the following realities: First, you have to pay "cash advance fee", which is what we usually call "cash withdrawal fee". Each bank has different regulations on this. For example, Industrial Bank stipulates " According to the amount 3, each transaction is charged a minimum of 30 yuan or USD3 yuan. Generally, foreign cash withdrawals are even higher. Second, cash advance does not enjoy the interest-free repayment period. Starting from the day you withdraw the money, you need to pay an annual interest of 18 interest rate. Four dates to keep in mind When we use credit cards, there are four dates that you need to keep in mind. They are: 1. Transaction date. Refers to the date of your actual card consumption, cash withdrawal or transfer. 2. Bank accounting date. Refers to the date the bank recorded your transaction on its account. It should be noted that the transaction date in the statement refers to the day when the card is swiped, and the recording date is different. It takes time for the store to transmit the card swipe information to the bank, and there is usually a time difference of several days for overseas purchases. 3. Billing day. It refers to the date when the bank "calculates the general ledger" of your credit card transactions every month. 4. Repayment due date. You must repay before this date. If you exceed this deadline, you will have to pay the amount you owe the bank for the current period...

What are the precautions for applying for a credit card?

The annual fee for many regular cards is 100 yuan, but it is waived as long as you make enough purchases. For example, the China Merchants Bank credit card is free of annual fees in the first year, and if you make 6 purchases (swipe the card 6 times) in the same year, the annual fees will be waived for the following year.

If you spend 1,000 yuan per month, you must pay back the minimum consumption amount of 100 yuan. Interest on the remaining balance is calculated at 0.5% per day. Therefore, it is best to pay it off on time if possible.

In fact, there are still benefits to getting a credit card, but the premise is that you must have the ability to control yourself and spend only what you should spend (just treat it as if you are not using a credit card but just a debit card). For example, you can pay in interest-free installments, you may earn points, and you can make emergency cash withdrawals when necessary.

What should I pay attention to when applying for a bank credit card?

First of all, what information can you provide? Then, understand what information each bank requires to apply for a credit card? Finally, according to your conditions and the information you can provide, choose your favorite bank to apply for it; each bank has many types of credit cards when applying, which one is the most suitable for you? Business travel card? Travel card? Shopping card? gourmet food? Choose a co-branded card that suits your consumption and enjoy different benefits and services. Where to do it? Bank branch? Looking for a salesperson? Apply directly from the bank’s official website? ; During the application process, the bank's card processing clerk will guide you in providing the information. Try to provide all the information you have. They will use their expertise to guide you in providing the information that is most conducive to approval and credit limit. Don't fill in the information incorrectly. Fill in all the information yourself. Don't let others do it for you. Record the information. Auditors will check your credit later. ; Which consumption method should you choose during use? Different consumption methods have different pros and cons. How can I waive the first-year annual fee for this credit card? What about the following year? Is the maximum interest-free period for swiping a card 50 days or 56 days? What is the cash withdrawal fee? Wait...

What are the precautions for using credit cards online?

To apply for a credit card online, enter your personal ID card information accurately. In the basic information entered later, be sure to fill in *** accurate information.

Then you need your home address, that is, your current place of residence must be in the same city as your workplace. The home address must be filled in in detail down to the house number, for example: Room ××, Unit No. **, Building ××, Courtyard ××, District ××, District ××, ×× City, ×× Province. Filling in this way is considered complete residential address information.

The most important thing is that your home landline phone number must be filled in. If your family has one, fill it in. If your family doesn't, you can fill in the family of a relative. If you don't have one in your family, you can also fill in the family of your colleague or friend. If the bank calls you back for a follow-up call, be sure to know the phone number of a relative you said is yours, and try your best to know roughly where you work. Someone asked me how to answer the call when there is no one at home during the day. It’s okay if no one answers, but make sure the phone is always open.

This fixed phone number is a necessary condition for applying for a bank card, so be sure to fill in one that can be reached.

The next step is to fill in your organization’s information. The full name of the unit's business license, which is also the full name on the official seal. Be sure to fill in the full name completely. Otherwise, it will not be approved.

The next step is to fill in your organization’s information. The full name of the unit's business license, which is also the full name on the official seal. Be sure to fill in the full name completely. Otherwise, it will not be approved.

To apply for a Bank of Communications credit card, you need to have a stable job and pay three gold deposits continuously. Or have a college degree or above. Or have certain assets, deposits, loans or financial management in Bank of Communications. To apply for a Bank of Communications credit card, you need a recommender. Secondly, your work address must also be detailed down to the house number, such as: Unit No. **, Building ××, ×× Road, ×× City, ×× District, ×× Province XX room. If the unit is relatively large, it should be specific to which department or office.

The office's landline phone is also important. Be sure to keep your landline open and have someone answer it, and the person who answers the phone must know you and probably know what you do. If the other party says they don’t know you or no one answers the call from their workplace. Then the bank card will not be approved.

The second is some small details. Fill in the annual income between 30,000-100,000. Don't fill it too high. Otherwise the bank will doubt the authenticity of your income.

If you have a car, fill in the license plate number under your name.

The number of dependents refers to how many children you have. Fill it out truthfully.

Do not fill in the entertainment industry as the industry category. Do not fill in the business sales category for the job type, and do not fill in the front-line worker category.

After submitting the application form, keep your mobile phone open and wait for the bank to call you for a return visit to verify your information. You must always remember the information you filled in the form and the numbers filled in the form. It is convenient for the staff to ask you and give you a good answer. If you have no bad records and the bank calls you and your answers are correct, then 100 cards will be issued. If you have a credit card, your limit will continue to increase as you use it frequently. When you need to buy a big item but your funds are a little tight, you can consider making an installment payment, which relieves the pressure on your personal funds, although the bank will earn you a little interest. However, it saves you asking for a small amount of money for relatives and friends.

Precautions for using CCB credit cards

When making purchases with your card, you need to pay attention to the following points:

1) The card should always be within your sight.

2) When entering the password, use your body to cover the operating gestures.

3) Carefully check the card number and amount on the purchase form before signing.

4) The signature on the purchase form should be consistent with the signature on the back of the card.

5) Do not sign a blank purchase form or a purchase form with an incomplete amount.

6) When the transaction is canceled, the purchase order should be confirmed to have been destroyed.

7) After making the payment, make sure that the card returned by the store staff is indeed your card.

8) Before receiving the monthly statement, be sure to save the purchase order stub for verification.

When keeping the card, please pay attention to the following points:

1) Do not lend the card to others;

2) Do not keep the card with magnetic objects Objects or sharp objects should be kept together to avoid damage to the credit card;

3) When applying to the bank for a card replacement, the old card’s magnetic stripe should be cut off in time and destroyed;

4) The card is lost Immediately call the 24-hour service hotline to report the loss;

5) Please store the card and ID card separately.

When using credit cards online, please pay attention to the following points:

1) Choose a reputable website for transactions;

2) Do not use unknown links Or email the bank website provided.

3) Be careful when entering personal data, and be wary of any emails requesting personal financial information;

4) Do not use online banking or online banking in public Internet places such as Internet cafes. Conduct online transactions or enter personal information;

5) Install web browser toolbar, update browser software in a timely manner, and install corresponding security patches;

6) Credit card transaction password and validity period , security code, SMS verification code, etc. are all used when authorizing payment. Do not provide them if the merchant asks you for any reason (such as returns, discounts, cashbacks, etc.).

During overseas consumption, please pay attention to the following points:

1) The tip amount on the purchase form and the total consumption amount, especially for catering merchants, if there is any objection to the tip field , should be submitted to the merchant in a timely manner.

2) The currency of the consumption amount displayed on the purchase order and POS machine.

Steps and precautions for applying for a credit card.

As long as you successfully apply for a credit card, there are no regional restrictions on its use. The following content is for your reference:

Tips for mastering domestic consumption within your means

1. There will be an annual fee if it is not activated

After some people apply for a credit card, they For various reasons, I did not activate or use it. I thought "as long as it is not activated, there is no fee", so I let the credit card lie dormant for a long time. In fact, unactivated cards also require annual fees. Taking the China Merchants Bank credit card as an example, the annual fee is waived in the first year; in the second year, the annual fee is waived by swiping the card 6 times. In other words, customers who have applied for a China Merchants Bank credit card but have not activated it will need to pay an annual fee of 100 yuan in the second year. So if you don’t plan to use your credit card, it’s wise to activate it and then cancel it.

In addition, the starting time of each bank is different. Some banks count one year from the cardholder's card opening date to the day of the following year, and waive annual fees within this year, such as China Construction Bank, China Guangfa Bank, etc., while some banks count from the date of card verification or card issuance. The time starts on the date, and the annual fee amount will be reflected in the bill of the month on the card verification date or card issuance date, such as Bank of Communications, China Merchants Bank, etc. In the latter case, if the cardholder does not open the card within the first year after applying for the credit card, and waits until the second year to open the card, the annual fee will most likely be charged directly, because according to the bank's timing rules, The cardholder did not reach the number of card swipes or the amount swiped in the "first year".

2. There are fees for deposits and withdrawals without interest

Some people think that since they have to use a credit card anyway, it is better to save more money in it, so as to save the trouble of paying back the money in the future. Pick it up when the time comes. Although this idea is good, it encountered a problem in its actual implementation: overpayment. For example, if you have an overdraft of 1,000 yuan but repay 2,000 yuan, the extra 1,000 yuan is an "overpayment". "Overpayment" can be used for consumption repayment, but if you want to withdraw it, most banks need to charge "overpayment recovery handling fee", and the rate is generally 0.5%-1%. For overpayments, currently only a few banks such as ICBC, Minsheng, Bank of Shanghai, and China Guangfa Bank provide free retrieval, and there are also a few banks' credit cards, such as Bank of China's Great Wall Lending Integrated Card and China Everbright Bank's Deposit and Loan Card. The integrated card combines a debit card and a credit card into one, and interest on excess payments is calculated in accordance with the current interest rate standards promulgated by the central bank. In addition, in most cases, there is no interest for overpayment, so do not save more money when repaying the credit card. If there is indeed an "overpayment" situation, it is best to digest it by swiping the card.

There is another way to withdraw cash from a credit card: cash withdrawal. Cash withdrawal fees vary from bank to bank, generally ranging from 1% to 3%. The annual interest rate for credit card cash withdrawals is also very high, about 18%, which is equivalent to 3.5 times the one-year loan interest, and there is no interest-free period. In addition, if the minimum payment is not paid before the final payment date, the customer will also need to pay a 5% late payment fee. Therefore, do not withdraw cash when you are not in a hurry. If you need to withdraw cash in an emergency, you should repay it as soon as possible.

3. There are fees for swiping the card over the limit

Generally, credit cards have a fixed credit limit, so some people think that as long as they can still swipe the card, they are within the credit limit. This is actually a mistake. idea. Nowadays, most credit cards support swiping in excess of the credit card limit, which is called over-limit. If you fail to repay the over-limit portion before the over-limit fee is recorded, there will be an over-limit fee of 5% of the over-limit portion. For example, if the cardholder's credit card overdraft limit is 10,000 yuan, but the actual consumption is 11,000 yuan, the cardholder will have to pay an over-limit fee for the extra 1,000 yuan, and the amount is 1,000 × 5% = 50 yuan. It is understood that once the cumulative consumption exceeds the original credit limit and the repayment is not timely, all the amounts payable in the credit card account will accrue interest from the day of consumption and will not be able to enjoy the interest-free repayment period, resulting in high amounts of debt. Interest and even late fees.

4. Use cards rationally for overseas consumption to avoid excessive fees

In early June, VISA International Organization sent a letter to member banks around the world requesting that from August 1 this year, all overseas purchases When accepting BIN dual-currency credit cards with the VISA logo and starting with "4", whether for card payment or ATM cash withdrawal, you are not allowed to use China UnionPay's clearing channel. Although this incident has not yet been decided, once this regulation is implemented, it will bring trouble to users of my country's UnionPay and VISA dual-logo credit cards, because UnionPay cards use RMB to directly convert the transaction currency into RMB based on the market exchange rate of the day. RMB debit does not incur any exchange fees. VISA cards are generally settled in US dollars. When the settlement currency is neither US dollars nor RMB, currency conversion is required...

How to use China Merchants Bank credit card and what should I pay attention to?

You can call 800-820-5555 from a landline to select credit card activation and follow the prompts.

The usage is no different from cards from other banks, because there is no password required for consumption, so you have to sign your name when you ask for the card.

If you do not specify otherwise when you open the card, the annual fee for the first year should be waived, and the annual fee for the next year will be waived if you spend 6 times in the same year with no limit on the amount. If this is your first time using a CMB credit card, you will receive an additional 1,000 points, which you can redeem for corresponding gifts.

The repayment date is different for everyone. You can check the instruction sheet that came with your card. The repayment period is generally a minimum of 20 days and a maximum of 50 days. It depends on the day you spent. The overdue interest rate is 0.5 per day. If you still have any questions, you can call 800-820-5555. He can answer all your questions and is very professional.

What should you pay attention to when applying for a credit card!

1. The only thing you need to pay attention to is which bank's credit card is more suitable for you. Cash withdrawal fees, interest calculation methods, as well as installment time, fees, repayment methods, limits, etc. are different. 2. To apply for a card, just go to the bank or credit card department for an interview. (Do not apply at places other than bank authorization or online) 3. If you need more money, apply for a few more. If not, one will be enough. 4. China Merchants Bank is currently ranked first. There are many merchants who have signed contracts with us, we often offer discounts, and our service attitude is good. Here are Guanghai, Pudong Development Bank, CITIC and Minsheng.