Although the popularity of credit cards is very high now, most people still know nothing about credit cards. So in their hands, credit card is just a tool that can be used to overdraw consumption, but in fact, the function of credit card is far from as simple as you think. In addition to credit card spending, credit cards also have the function of interest-free loans! Many cardholders don't know that credit cards can not only be used for consumption, but also for loans.
However, this part of the loan is different from our usual loan. Credit card loan actually refers to your credit card limit. Of course, it is not only the superficial consumption quota, but also the reserve fund quota and so on. Generally speaking, the interest-free period of credit cards is more than one month, and the longest period can reach more than 50 days. Of course, there are also credit cards from individual banks, and the interest-free period is relatively short.
If your own credit card is relatively high, plus your imprest and the interest-free period of the credit card. You got a generous interest-free loan. You can use this money to make some short-term investments or financial management and earn some interest. Then, just pay back the money before the due date. Although this wealth may not be much, it is also an extra income.
Secondly, credit cards can be exchanged for free. Many people only know how to use credit cards, but never pay attention to other information of credit cards. Most banks have their own credit card exchange malls. Moreover, when you spend by credit card, you will generate certain credit card consumption points. This part of the points can be exchanged for goods in the exclusive exchange mall of the bank.
If you only know how to swipe your card foolishly and don't know how to exchange goods, the bank will be happier once the points are cleared and invalidated directly. There is also the preferential strength of credit cards! We often see that credit cards will cooperate with merchants to do some activities, and the preferential strength is very strong. Some high-grade credit cards can also enjoy the VIP lounge and free upgrade. If the cardholder doesn't know these benefits, then you can only say that you are stupid and have more money!
In addition, credit card is also one of the tools to help you create good credit information. You know, our personal credit information is closely related to our lives. We handle loan business in the bank, and the bank will inquire about our credit information. And if our credit is not good, the bank will not give us a loan easily. Credit cards can help us establish a good credit record. As long as you swipe your card regularly and pay back on time, your credit will be better and it will be easier to go to the bank for business.
In fact, the use of credit cards is really not as simple as everyone thinks. There are many doorways and sayings in it, but everyone didn't pay attention. Although many people are using credit cards, they don't really understand them. Therefore, many offers are often missed and may even cost more. Don't you feel wronged that you worked hard and ended up working in a bank? So, if you are also using credit cards, you must remember to know more about credit cards!