Credit cards have indeed brought a lot of convenience to many people's lives, but many people have suffered losses due to the use of credit cards, mainly because they do not understand the rules and usage techniques of credit cards. Today I will introduce to you some common rules and tips for using credit cards in daily use.

Rules and techniques for using credit cards

1. Repayment application period

Most bank credit cards will have 1-3 days after the final repayment date. There is a grace period, but ICBC does not have one. If the payment is still not due by the final repayment date, you can call the bank’s customer service to explain the situation, and then repay in one or two days, but it must not be later than the final grace period, otherwise it will not work even if it is overdue. .

2. Pay off the entire bill in full with a low amount

Use about 10% of the amount on the bill to pay off the entire bill. The method is to start repaying the bill as soon as it comes out, and then pay it off again. Swipe the money out, then return it in, and so on, until the final repayment date. This is a clever method, but you must pay attention to the method when doing it, otherwise your credit card may be blocked.

3. Repayment on the last repayment date

Generally speaking, we start repayment after the bill comes out, but if we always repay after the monthly bill comes out, Then you cannot enjoy the longest interest-free period. There is generally about 20 days of repayment time from the credit card bill date to the final payment date. Paying on the last payment date can effectively take advantage of the interest-free period, but be careful not to wait until the last payment date to repay, otherwise it will lead to overdue repayment. payment.

4. Set up automatic repayment

In order to effectively utilize the longest interest-free period and avoid overdue payments, it is best to use automatic repayment. Currently, Alipay and WeChat are very easy to use for credit card repayments. They can automatically repay in advance or schedule repayments, so you don’t have to worry about remembering the repayment date. Note: When using automatic repayment, you must pay attention to whether the repayment account has sufficient funds, otherwise it will be overdue.

5. Change orders for large purchases

Once a large purchase occurs and it is expected that it cannot be repaid by the due date, the billing date can be adjusted, which can extend the interest-free period and ultimately It can last up to about 70 days. Although most bank cards support modifying the bill date, they cannot be used frequently. It is good to use it occasionally when financial difficulties are encountered, because credit card modifications are generally only allowed 1-2 times a year, and some The bank also stipulates that the date of the bill cannot be modified, or it can only be modified once and cannot be modified again, so be sure to use it with caution.