Benefits of credit card 1. Advance overdraft function. The ability to advance overdraft is arguably the most important benefit of a credit card. When cardholders are short on money or have large capital flows, they can use the advance overdraft function of their credit cards to solve their funding needs. You can choose to swipe your card or withdraw a small amount of cash to meet your temporary needs; 2. Enjoy the convenience of installment payment. When you buy large items for life or work needs, if you are under a lot of financial pressure, you can choose to apply for installment payment through a credit card and pay a small amount of interest to meet your consumption needs; 3. Promotional activities. This is another major benefit of credit cards. Various credit cards generally have their own exclusive discounts and discounts, and some also have special service rights.
Disadvantages of credit cards 1. Blind consumption. People who are addicted to swiping their cards enjoy the pleasant process of swiping their cards and even buy unnecessary things, which greatly increases their financial troubles; 2. Various handling fees and interest. Credit card cash withdrawals from many banks require not only handling fees but also interest, which adds up to a large sum. There are also various fees such as annual credit card fees, which will undoubtedly increase the financial burden; 3. It will cause credit problems. If you repay overdue, you will have a bad credit record, which will affect your personal credit report and bring great inconvenience to your life. You may even be added to the bank's blacklist, making life difficult for cardholders. Generally speaking, the advantages and disadvantages of credit cards are relative. If you make good use of credit cards, you can maximize the benefits of credit cards and earn more money. However, if you use credit cards to spend money indiscriminately and cash out illegally, the final result will be inevitable. They are reduced to card slaves and even punished by law.