Tips for using CCB credit cards

1. How many cards does a person need?

Looking at the post, many people are attracted by the beautiful appearance and various types of credit cards. The function confuses me and I apply for multiple credit cards. In fact, for ordinary salarymen, a savings card (debit card), a quasi-credit card (quasi-credit card), and a credit card (credit card) are enough. Debit cards can assume the function of saving; quasi-credit cards can save money with interest and can also be used appropriately; credit cards can provide loans when purchasing large items to prepare for emergencies. This kind of combination can fully meet the daily needs of ordinary people.

2. How high is the interest rate of a credit card?

The current deposit in the bank is only 0.56, but the interest rate of the credit card is 18. If the limit is 3,000, even if you spend 3,000 yuan every day, you will only earn 17 yuan in interest from the bank in a year. How can you owe so much every day? In fact, it is good to earn 5 yuan in interest, but as long as you forget once If you don't pay back a dime to the bank, you will have to pay a penalty of 10 yuan each time and additional penalty interest. Be sure to repay before the interest-free period

3. Is installment payment cost-effective?

Installment payment does not accrue interest, but the bank will charge a certain handling fee. But credit card holders should not forget to check the available balance and installment amount on their cards before making purchases

4. Which is more secure, signature or password?

Use signature as the Credit card consumption vouchers are the mainstream in the international banking industry. From a security perspective, this kind of credit card does not require a password and can be consumed with just a signature, especially through online banking. Generally, you only need to know the cardholder’s name, card number, and credit card number. The expiration date and query password may be stolen.

Therefore, many domestic cardholders believe that passwords are more secure than signatures. However, there are some disadvantages to using passwords, that is, the responsibility for keeping passwords is transferred to the cardholder, which means "you are responsible for the losses". Once a credit card is used fraudulently, the rights and interests of cardholders who use signatures can often be improved. Good protection and compensation.

5. What are the disadvantages of using a credit card to withdraw cash?

Credit cards generally cannot withdraw cash in full, but they can be used in full or over the limit.

If you use a credit card to make purchases, you can choose the minimum repayment, but when you use a credit card to withdraw cash from a bank, you generally have to repay the amount in full.

There is no interest-free period for cash withdrawals.

If you go to the bank to withdraw cash, the bank will doubt your financial ability.

6. Interest-free installment activity

Every time we receive a bank statement, we also receive a promotional leaflet from the bank, which allows interest-free installment payment.

For example, buy laptops, mobile phones, DC, DV, etc. It is very suitable for those who like shopping but don’t have that much money at the moment.

But one thing to note is that although it is said to be interest-free, the price of the item is higher than the market price. In fact, the interest is included in the total price. So take this into consideration when making your decision.

7. Turn off the ATM withdrawal function of your credit card

Using a credit card to withdraw money from an ATM is basically useless, and the interest rate is astonishingly high. Once the credit card is stolen, it will bring more risks. , so it is recommended to turn off the withdrawal function of your credit card.

8. Buy funds, invest first and pay later

Funds are the easiest investment and financial management tools for ordinary people to use. Cardholders who use credit cards to purchase funds in fixed amounts on a regular basis can enjoy the benefits of investing first and then paying later. Discounts on payments and bonus points. By swiping a card to buy funds on the fund deduction day and not paying until the credit card settlement date, the cardholder can not only earn interest, but if the situation is favorable and the net value of the fund rises, it is equivalent to earning rewards without paying the cost.

After receiving your salary, don’t rush to repay or deposit in the bank. Instead, buy money market funds, and then spend all your money with your credit card during the interest-free period. I waited until two days before the end of the credit card's interest-free period before redeeming the money market fund to repay the loan. Moreover, some banks are now cooperating with fund companies, and money market funds can be set to automatically redeem funds and transfer them to credit card repayment accounts on a fixed date, making such "arbitrage" behavior more convenient.

9. Credit card lost or stolen

Before applying for a credit card, you should first understand the bank's credit card risk terms. Do not apply for credit cards from some high-risk banks. These banks usually transfer credit card risks to The cardholder shall be responsible for the loss if the credit card is lost or stolen. And good banks promise to bear the theft losses within 48 hours before reporting a loss.

Therefore, once the user discovers that the card is lost or stolen, he should immediately contact the bank to report the loss. Taking China Merchants Bank’s credit card as an example, after the China Merchants Bank credit card is lost or stolen, the loss report time will be used as the starting point. You can apply for compensation from China Merchants Bank for any losses caused by theft within 48 hours. China Merchants Bank will bear the losses within the credit limit. The maximum annual protection for regular card holders is RMB 10,000, and for gold cards is RMB 20,000. It is worth noting that the losses borne by China Merchants Bank do not include transactions conducted with passwords.

10. Overflow issue

Overflow is the money left after paying off the overdraft amount. Don't think that after paying off your credit card, you can still put the extra money in it to earn deposit interest. In fact, if you have extra money in it and the bank charges you a fee for cash withdrawal, the only option is to spend it. So try not to have any overflow

11. Cash withdrawal problem

If you really have no other choice, don’t withdraw cash. In addition to charging a handling fee based on a percentage of the amount, there are also single transaction How much is the handling fee? It’s not worth it!!

12. There is a fee to change or replace the card.

Since you choose to use a credit card, be careful not to forget your password. Don’t Don’t damage the card if you lose it, otherwise you will cry to death when faced with the high handling fees

13. The annual fee is waived in the first year

If you use the credit card more than 6 times a year, the second payment will be waived. Two years annual fee. If you forget to swipe 6 times, call customer service as soon as you find out there is an annual fee, and then swipe it 6 times quickly, and the annual fee can be refunded

14. The credit card is lost

Don't report the loss, first check whether it has been stolen. If not, call and adjust the limit to 0, or cancel the card, or adjust the limit to 0 by yourself in online banking (this method can be restored at any time by yourself) A few K or a few W, not by phone.) If it has been stolen, report the loss if it exceeds 60. If it does not exceed, then use a small card or adjust the limit to 0, because it costs 60 yuan to report a loss.

(If it is more than 60 and it is not too much, it is recommended to cancel the card or adjust the limit directly, because applying for compensation takes a lot of time and energy and you may not get the money back.) If the card is lost and there is no If you report the loss, then go to the bank to fill out a credit card application form that is different from the previous card type. You only need to write the ID number and signature, and there is no need to fill in the rest. When I got the new card, the customer service phone asked me to restore the limit. (Because it costs 20 yuan to apply for a replacement card, but it is free to apply for a new card.)

15. When applying for a credit card, you will generally be asked to fill in the minimum repayment amount or repay in full.

Generally speaking, credit cards have an interest-free period. Each bank will be different, but it is usually about 50 days. Fill in the form of full repayment and use a credit card to spend 1,000 yuan in advance. If the interest-free period has passed, the penalty to be paid is generally five thousandths of the amount owed per day, that is, a penalty of 5 yuan per day. If you accidentally fail to repay the loan for more than one month, you will owe the bank 150 yuan to 1,000 yuan.

If you are busy at work and worried about not remembering to repay, you can apply for a savings card at the same bank where you applied for the credit card, and sign a repayment agreement with the bank. On the last day of the interest-free period, the bank will Automatically deduct money from your savings card.

The most important functions of a credit card are overdraft, recurring consumption, etc. But you must remember to repay on time.

16. Try to repay in full

If the repayment is not made in full, interest of 0.05% will be accrued on the total consumption starting from the day the card is swiped. When repaying the money, pay the handling fee and outstanding balance first, and then pay back the money you spent last. Minimum payments are sometimes something you can try because they can help improve your credit limit.

There are two types of over-the-counter repayment:

1. Over-the-counter repayment at the bank where the card was issued: There is no need to say more about this. Most people in the post have a deep understanding of it and often ask for it. There is a long queue, and the time is also very limited. Many banks start settlement at 5:30 in the afternoon, and they do not work on weekends;

2. Repayment is through the counter:? Over the counter? It refers to the bank cards issued by various networked financial institutions, which can be used to conduct credit card repayment and other services through the counters of other bank branches registered in the host system of China UnionPay Exchange Center. You don’t have to go to the card bank to repay. However, currently there are only seven banks that have opened counter counters: China Merchants Bank, China Minsheng Bank, Industrial Bank, CITIC Bank, China Guangfa Bank, Shanghai Pudong Development Bank and Shenzhen Development Bank. Although you don’t have to go to the card-holding bank, you still need to make a special trip to the bank.

Although the traditional method of repayment over the counter is inconvenient, it will make people feel more at ease.

17. Limit increase:

Don’t easily believe that credit cards outside will increase the limit. This is a lie. Someone told you that he can help you increase the limit of XX Bank. , just give him a kick. Call XX bank customer service directly, the customer service’s words are the most accurate