Why do many young people use credit cards now?

Many young people actually start applying for credit cards when they are in college, but why do more and more young people like to use credit cards? In fact, there are several reasons.

1. Convenience

When you don’t have enough cash, you can use your credit card without losing face or accumulating cash. And it is not easy to lose, so it will be safer. So it’s better to have cash when you go out.

2. You can enjoy the interest-free period of up to 50 days.

So you can put your own money into a financial account, which is the so-called "money begets money". 1 yuan in your hand today is worth more than 1 yuan in your hand tomorrow. Then I use my credit card for daily expenses.

3. Enjoy discounts in major consumption places

For example, when we shop and eat at special merchants of the card-holding bank, we can also enjoy discounts and discounts. , which is a function that cash and debit cards cannot achieve.

4. Accumulate personal credit

Whether it is a credit card or our current Huabei or Borrower, these are actually related to our credit report, and a good credit card usage record It has a great impact on your personal credit and will benefit you throughout your life. You will rely on this credit when dealing with banks in the future.

5. Convenient accounting

Replace most cash consumption with credit card payments, then the bank statement can basically record most of the consumption. Because many of our accounting apps now automatically synchronize our credit card bills, consumption bills are relatively clear.

The tragedy of young people! If you have no money but have a credit card, why do young people like to apply for credit cards?

The consumption concept of many young people in modern times is advanced consumption. Applying for a credit card allows you to spend more money, so it will naturally be loved by many young people.

In our perception of credit cards, only people who are short of money will use credit cards to make money. If you say that you apply for a credit card to make money, I’m afraid others won’t believe it. But the rich are doing it. They use credit cards as financial management tools for daily economic behavior management. Therefore, many people will apply for credit cards.

Credit cards can not only make up for occasional shortcomings with advance consumption, but also serve as a symbol of status. The better a person's credit is, the more assets he has, the higher the credit card limit will be.

With the popularity of credit cards in our country, credit cards are now more and more integrated into our lives, and credit cards are becoming more and more popular among young people. Some data show that young people who hold credit cards account for the total number of card holders. The data of 63.2% of the total credit card usage shows that young people have gradually become the main users of credit cards. So what are the benefits of credit cards?

1. Spend first and repay later

The most amazing thing about credit cards is that when you have no cash in hand and no deposits in your account, you can pre-borrow part of the funds from the bank in the form of credit. For shopping and consumption, you can enjoy a 20-50 day (or 25-56 day) interest-free period. Cardholders do not have to pay any interest as long as they return the pre-borrowed funds within the interest-free period.

2. It is convenient to carry funds safely

Credit card consumption avoids the trouble of paying cash for consumption in the past, and there is no need to worry about the danger of carrying too much cash with you. Even if it is stolen or lost, the loss can be reduced. If cash is lost, the possibility of getting it back is very slim, but credit cards are different. Even if they are stolen or lost, we can report the loss as soon as we find out. Even if your credit card is stolen without a password, we can trace it. Much easier too.

After reading this article, I believe everyone knows why so many people apply for credit cards.

Why do men use credit for consumption at a higher rate than women?

Because men’s consumer loans are more for family expenses, not necessarily for their own consumption expenses. Contrary to the fact, women generally have the power to control spending in the family. , in this sense, the majority of men’s loans are just to satisfy women’s consumption, and it does not mean that men like to spend money randomly.

In reality, we may find that some are men who overdraft their credit cards; some are men who take excessive loans for consumption; and some are men who take loans from various financial institutions and platforms to meet family consumption. But this does not mean that men are the main force behind excessive consumption.

On the contrary, women are the main force in household consumption. From the mother-in-law driving the rise in Chinese-style housing prices, to the rising prices of wedding gifts, to the high consumption of children in daily life, as well as the children going to good schools or even aristocratic schools and the booming business of beauty salons, all of this shows that women are It is the biggest driver of high household consumption and excessive consumption, and men's loans are just a helpless move due to their own conditions and insufficient financial resources.

Although loan consumption is not a bad thing or something that should be criticized, and a moderate increase in consumption is also very beneficial to domestic demand. But here are some reminders: First, it doesn’t matter who borrows the loan for household consumption. What matters is where the loan is used? Reasonable use is what we should pay attention to; the second is the extent of the loan. It does not matter who in the family borrows the loan. What is important is that you cannot over-borrow, and you cannot exceed your own financial capacity and over-consume through loans. This is the most important thing.

When do men use credit cards?

When they need to spend money.

When men need to spend money and don’t have enough money on hand, they will choose to use credit cards to overdraft.

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department to shop or consume, and then the bank will work with the merchant and the cardholder to The cardholder can make an overdraft within the prescribed limit.

That’s it for the introduction of why boys all use credit cards.