Credit cards have many benefits overall.

First, first of all, from the nature of a credit card, it is to allow consumers to enjoy the benefits of early consumption. The basic function is to consume first and repay later. If you make timely repayment within the interest-free period, no interest will be charged. I believe that most users are very clear about this. Using a credit card can increase the credit rating of the cardholder. Repaying your loan on time will also bring certain benefits to your personal credit score. When you encounter a bank loan in the future, you can get a higher limit.

Secondly, it can increase the cardholder’s cash holdings, because when handling bank consumption installment repayment, the cardholder’s installment fund usage cost is around 8 per annum. Of course, there will be differences between different banks. There is a difference. This is already one of the lowest-cost funds in the country, and this low-cost fund can also bring legal sources of funds to cardholders. Compared with some sources of funds in the social market, the cost is already very low.

Third, frequent use of credit cards can help cardholders develop the habit of planning their funds reasonably, making more reasonable arrangements for their monthly funds, and having a good habit of proactive repayment. It can be said that it still has great benefits. Of course, for those who have plans and arrange their funds reasonably, there are still many benefits of credit cards, but for those who lack self-management, this is not the case.

Fourth, some people have no restraint in the management of funds. When consuming, they do not consider whether they can repay, and blindly consume. When the time comes to repay, they find that they cannot repay, and then they are overdue. This type of people will easily fall into a consumption "misunderstanding" and must consume according to their actual situation. Don't ignore your financial situation just because you can spend money in advance. Being a "card slave" will also affect your daily life.