1, the function of credit card is as follows, free cash flow, to put it bluntly, when your current needs cannot be met, credit card can be met. Because the credit card has a long interest-free period and can be repaid in installments, it provides us with a lot of space to run our "Grandpa Mao". For example, if you want to buy an iPhone x, but you don't have extra cash to pay, you can buy it with a credit card first, and then slowly adjust your salary. In this way, you will get what you want and the economy will not be greatly affected.
2. The line refers to the amount that the lender can borrow from the borrower without providing financial guarantee. Usually refers to the maximum amount that a natural person can borrow from a bank, and the bank is willing to provide loans according to the personal credit status. This amount will be determined unilaterally by the bank according to income, income, debt ratio, work content, enterprise, company position, property and other factors. This kind of lending relationship is usually the case that banks borrow money from natural persons. On the other hand, commercial institutions and cross-border transactions usually require banks to lend to institutions.
3. consumption abroad is convenient. If you travel or travel abroad, you can use UnionPay cards in most places, which is very convenient. If you don't have a credit card, you need to find the corresponding bank to withdraw cash with a savings card, otherwise you need to charge an inter-bank service fee. Even if you find it, you need to charge a service fee from a different place, or you need to carry enough cash with you. In addition, credit cards can provide pre-authorization, and you can enjoy overseas booking of air tickets, hotels, car rentals and other benefits. In short, Bian Xiao thinks credit cards are more suitable.
4, improve personal credit, in addition to the above intuitive uses, credit cards also play an important role in helping us accumulate and improve personal credit. Personal credit is becoming more and more important in modern society. In the future, its level will greatly affect how much cash flow you can get at critical moments. If the circumstances are serious, it will not be able to handle other types of financial business.