However, it must be reminded that most people use credit cards to take advantage of their interest-free period to ease the financial pressure. If they pay high interest by installment to the bank in order to increase the quota, it will not be worth the candle.
Extended data:
I. Credit card withdrawal technology 12 The most common way
1. number winning cash withdrawal: credit card is often used, no matter how much it is, as long as you can swipe your card, you will definitely spend it.
2. The amount is better than the cash withdrawal: it is best to generate at least 30% of the total bill every month.
3. Temporary withdrawal: due to short-term needs such as holidays, travel and business trips, the quota is increased. , you can apply for a temporary withdrawal, which will be easier to approve.
4. Curve withdrawal formula: Curve withdrawal refers to the purpose of increasing the total personal amount by continuously applying for a credit card from the same bank.
5. Threatening to withdraw the card: If you withdraw the card without raising the limit, it will sometimes work. Experts advise caution.
6. Continuous withdrawal: For different customer service applications, continuous telephone withdrawal applications are sometimes handled differently.
7. Suspension of dormant withdrawal: In order to occupy land, banks have certain incentives for the activation of dormant cards.
8. Cash withdrawal from foreign exchange transactions: If you have the ability to spend foreign currency, you can choose the form of foreign exchange transactions to increase the number of transactions.
9. Seize the opportunity to raise the amount: The timing of raising the amount is also very important. It is most effective to apply on the accounting day or when the card has just been maxed out.
10. Cash withdrawal for continuous consumption: the bill for credit card consumption needs to last for 3 months, which means that there must be consumption every month.
1 1. Supplementary information extraction: to supplement more detailed personal information and provide more asset certificates.
12. Minimum repayment amount: it means that money is needed recently, and the bank can get interest to achieve the purpose of withdrawing money according to the previous good credit.
Second, the benefits of cash withdrawal by credit card
1, credit card settlement is often accurate to the merchant, so it is very helpful for the formulation of personal credit consumption bills, while debit card bills are generally not so detailed. This is a good automatic bookkeeping tool for people who are too lazy to keep accounts.
Credit card can synchronize expenditure with income. For example, if you spend money in March and pay your salary on April 8, if your credit card automatic repayment date is set to 10, it will be very comfortable to automatically deduct money from your salary card after paying your salary.
3. For China people who love deposits, if you have so many deposits, you don't need to borrow money at all. Even so, the credit card bill can still reflect your consumption better than the debit card balance. If you are not a moonlight family, if the money on your debit card is far greater than your salary for several months, people with poor control ability will often swipe their cards because there is too much money left on your debit card.
However, credit cards are different. It has no money, and its balance is negative. It shows your overdraft limit this month. On the debit card, you often pay attention to the balance of the deposit, but you can know how much you spent this month directly from the credit card, which is a better reminder, or at least a better user experience.
References:
Baidu Encyclopedia _ Credit Card Withdrawal