Why do everyone like high-limit credit cards? What are the benefits of high-limit cards?

1. Owe less favors and avoid the embarrassment of borrowing money from relatives and friends when you are in urgent need of cash!

2. Save money. Many credit cards and merchants have cooperation or promotions, such as cash back discounts for swiping cards, and 50% or 20% off for branded restaurants or movies on designated dates. In addition, credit card points You can also exchange them for daily life gifts, which you will never get by spending cash!

3. Convenience. Credit cards with VISA or MasterCard logos can be used directly to make purchases overseas, while cash or debit cards must be exchanged first. If you use a credit card, there are VIP lounges at airport high-speed rail stations that provide free reception. In addition, the credit card also has a free driving function.

4. Relieve financial pressure. If you feel pressured to pay a relatively large amount of consumption at once, you can swipe your card and then repay in installments, making repayment convenient.

5. Accumulate personal credit records, use more credit cards, and repay on time, which can improve your credit limit and credit rating. At the same time, the People's Bank of China's personal credit information database will have your good credit record, so you can buy a house in the future. Getting a car loan is much easier.

What is the use of a large credit card? Revealing the benefits of large-limit credit cards

Many cardholders want to apply for large-limit credit cards, but there are also many cardholders who stay away from high-limit credit cards. They think that the credit card limit is enough, and it will be easy if the limit is too high. Something went wrong. This does make sense, so if you don't have the self-control, it's better to stay away from credit cards. And if your financial situation is good, then a high-limit credit card can bring great benefits.

There are many benefits to having a high credit limit. Specifically, they are as follows:

1. You don’t have to worry about large-amount purchases

When it comes to decoration, furniture and home appliances For large purchases such as buying a car or a house, if you have a large credit card, you can swipe the card first, and then use the credit card's interest-free period to use your idle funds to purchase some short-term financial products to earn interest.

In addition, if your work requires that you often need to buy air tickets for the company, pay rent, rent venues, etc., you can use your credit card to pay for it. This will give you a large amount of working capital, so make good use of it. Considerable income.

2. Don’t ask for help

Everyone is short of money sometimes, but you may not be able to borrow money when you are short of money. This is when large credit cards can come in handy. Especially for businessmen, when the reserve fund needs to be delayed, a large credit card can often provide help in times of need.

3. Enjoy exclusive privileges

Large-value credit cards are usually gold cards or above. These cards often have special rights that ordinary cards do not have, such as Airport express lanes, lounges, special merchant offers, etc.

4. A symbol of status

Since banks are very strict on credit card approval and limit increases, if you have a large credit card, it generally means that you have high income and good credit. As for some top credit cards, only a handful of people can own them. Even if they have money, they may not be able to apply for them. They are also a symbol of noble status.

For example, the legendary black card generally requires the holder to have these labels: CEO, president or chairman of a well-known company, 35 to 60 years old, owning multiple cars, multiple luxury homes, and enjoying private yachts , the so-called card on the plane was released, and the message "you are not an ordinary person" was accurately conveyed.

Okay, since large-deposit credit cards have so many benefits, let’s get one as soon as possible!

What are the benefits of a large-denomination credit card?

Having a large-denomination credit card is a dream for many people. This means that the credit card limit that the cardholder can overdraft is also very high. Of course, , in addition to high limits, large credit cards also have many benefits. However, I would like to remind everyone that credit cards are a double-edged sword. Too high a limit has both advantages and disadvantages. Let’s take a look at it together.

What are the benefits of a large credit card?

1. Temporary emergency relief, don’t ask for help for turnover

If there is not enough reserve money for urgent needs one day, or the funds that are expected to be available will be delayed, you may not be willing to borrow money from friends. , a credit card can come in handy. Especially for many people doing business, it can often be a lifeline.

2. Privileges of customers with gold cards and above

Generally, cardholders with credit cards with relatively large credit limits are gold card or gold card customers of the bank and have relevant cards. Privileges, such as credit card points redemption are more favorable than ordinary cards, airport fast lanes, lounges, special merchant discounts, etc.

3. A symbol of status

Since banks are very strict on credit card approval and limit increases, if you have a large credit card, it generally means that you have high income and good credit. As for some top credit cards, only a handful of people can own them. Even if they have money, they may not be able to apply for them. They are also a symbol of noble status.

There are so many benefits of large credit cards, but do you really think that a larger credit card limit is better?

What I want to tell you here is that for some people, a higher credit card limit is a bad thing.

You must know that when applying for a card, the card-issuing bank decides whether to approve the card and the initial credit limit based on the applicant's qualifications; after the card is issued, the bank will adjust the credit card limit based on the cardholder's card usage. . Therefore, the credit card limit can largely reflect the cardholder's financial ability and credit status.

For people with good spending habits and self-control, it is more convenient to use large credit cards; but for those who have no self-control and cannot control themselves, the cost is higher. The credit may mean being closer to the card slave.

Xiao Wang is a new employee in the workplace who has just worked for two years and has only used a credit card for more than a year. Last year I wanted to buy an Apple laptop in installments, but I had to give up because the credit limit was not enough. Gradually I found that I rarely use my laptop, and the laptop I had in college was enough to complete most simple tasks.

After using the card for one year, Xiao Wang’s credit card limit has more than doubled. Not long ago, when the iPhone 7 was released, he saw that the issuing bank had an interest-free installment promotion, so he couldn't resist the temptation and bought one. After using it for a few days, he realized that it was not much different from the iPhone 6, which made him impulse purchase. Regret too much.

Here I would like to remind everyone: Credit cards are a double-edged sword. Proper use can bring convenience and benefit to our consumption; if we cannot control our own hands and spend blindly, credit cards may become our nightmare.

This is the end of the introduction to the benefits of high-limit credit cards.