Credit cards are one of the most common and important credit products in life. Credit card usage habits can reflect an individual’s debt situation to a certain extent. As a person born in the 1980s, it is no exaggeration to say that I already have five cards. But I want to give you an analysis of the overall credit card usage of the post-80s generation.

According to the transaction details of major banks in the society, it is possible to calculate the number, amount, outstanding balance and other information of various loans owned by the applicant. People with a larger total loan amount and a relatively larger credit card balance will naturally have larger debts. Housing loan arrears is not an important reason why the debt of those born in the 1980s is higher than that of applicants from other generations. This key factor is actually that lending institutions grant larger amounts of loans to those born in the 1980s. This is due to the income of those born in the 1980s, and this is why this situation occurs. Precisely because most credit cards are repaid in installments, they also provide very important information. Data analysis shows that the monthly loan repayment amount for people born after 1980 is 6,000 yuan, which is obviously higher than the per capita income. The number of times a credit card is used can actually reflect their level of financial stress, which is reflected in the report inquiry records. When approving a credit card, the applicant's credit report needs to be read to assess risk. In other words, the more checks and credit cards they use, the more likely they are to be targeted by the bank.

Having been troubled by credit card repayment dates all year round, I have summarized some experience in using credit cards. The two most important points are that, first, you should be a rational person with good control over consumption. Only in this way can you master your credit card. If you don’t have a lot of control, you’re going to spend a lot more money every month. Secondly, don’t use too many credit cards. One or two is enough. If you use too many, repayment will be troublesome. Nowadays, many banks do not charge five annual fees, but if you have too many credit cards, five times is not enough for you. Another credit card with a large limit will be enough.