There are five disadvantages of credit cards.
1. It is easy to consume blindly. Swiping a card is not like spending money one by one like paying with cash, which will lead to blind consumption and money flowing like water.
2. Excessive consumption. Laptop installment, mobile phone installment, electrical appliance installment... While enjoying your favorite items in advance, you also have to consider whether your salary will be just a drop in the bucket when you repay the loan next month
3. The interest rate is high. If you don't know how to take care of your credit card and cannot repay as scheduled when the final payment date arrives, the bank will charge higher interest, so cardholders are required to repay in full and on time, otherwise they will only have themselves to blame for the handling fees. .
4. An annual fee is required. Credit cards all have annual fees, but they also basically have annual fee-free policies. For example, some banks require that you only need to swipe the card three times a year to be exempted. Some banks have an annual fee-free policy that requires you to swipe a certain amount of money to waive the annual fee. Annual fee. On the contrary, some savings cards will also charge management fees over the course of a year if the amount of funds deposited is insufficient. So pay attention to the card in your hand and what are the conditions for annual fee exemption.
5. It is easy to be stolen. Credit cards basically require password-free swiping by default. This makes it easy for someone else to swipe your card if it is lost or stolen, causing unnecessary trouble or losses. In fact, with a credit card, you can also apply for swiping the card with a password to make purchases. It depends on how you manage the credit card.
1. If you have large consumption needs, you can apply for a credit card. For daily consumption, it is actually better to directly bind the savings card in your own name to WeChat or Alipay for quick payment. After all, credit cards are credit payment instruments, so they are consumed in advance, that is, the customer first pays with the credit limit of the credit card, and then repays within the specified repayment period.
2. In this way, the money used is not your own, which may easily lead to some customers who do not have enough self-control to spend blindly. As a result, the repayment amount is too large, and ultimately they are unable to repay on time. , thus causing overdue payment and affecting personal credit. Of course, if the customer has a reasonable concept of consumption, has a stable economic income, and has the ability to repay on time, there is no problem in applying for a credit card. After swiping the card for consumption, just remember to pay it back on time before the due repayment date (inclusive). .
3. Even if you apply for a credit card, you don’t need to apply for too many. Generally, up to three or four credit cards are enough for an individual. It is not good to have too many cards and the total credit limit is too high.