1. Don't overdraw cash withdrawal.
When many friends don't have enough money, they like to use credit cards to withdraw money from ATMs. As we all know, overdraft is expensive. Credit card overdraft withdrawal cannot enjoy interest-free period. The withdrawal amount is calculated at the daily interest rate of five ten thousandths, and the withdrawal fees ranging from tens to hundreds will be deducted. Therefore, don't overdraw cash unless absolutely necessary.
2. Grasp the best time to swipe your card.
As we all know, credit cards can enjoy an interest-free period of 25 to 56 days, with the longest and shortest difference of one month. What happened? The focus here is on the time of swiping the card. Credit cards have a billing date. If you swipe your card on the first day after the bill date, you can enjoy an interest-free period of at least 50 days. If you swipe your card on the same day, you can only enjoy an interest-free period of 25 days. Seeing this, everyone understands. Mastering the best time to swipe your card can win us a longer interest-free period!
3. Timely repayment
When the credit card bill comes out, there will be a final repayment date. Be sure to repay before the final repayment date. If the loan is not paid after the final repayment date, the bank will not only charge overdraft interest, but also pay late fees, which will seriously cause bad credit and cause a lot of inconvenience in applying for loans in the future.
By grasping these three points, you can experience the fun of using credit cards, avoid the danger of losing trust in banks, make your capital turnover easier and lay the foundation for your withdrawal.