Why do some rich people like to use credit cards?

They will all apply for several credit cards, increase their credit limit, create more spare funds, and build their own credit score. Because:

Credit card is: the back road!

Credit Cards are: Entrepreneurs’ Firewall!

Credit card is: a backup tire for successful people!

Credit card is: a special medicine for the poor to turn around and become rich!

It’s quite interesting to say that very rich people are the ones banks compete to issue credit cards to, not those who are short of money. Banks will also develop different levels of credit cards based on the customer's economic level and wealth. The common ones are regular card, gold card, platinum card and diamond card.

Are the names louder than the last? In fact, not only is the name nice, the cards are also getting better and better looking, and the diamond card is much more grand than the ordinary card. This is why some people who don’t want to apply for a credit card have a bunch of credit cards in their hands, while some people who want to apply for one can’t even apply for one.

First of all, banks feel more secure when issuing credit cards to wealthy people. Relative to income, safety is the most important. If the capital is gone, what's the use of the interest? Therefore, the most important thing for banks is to preserve principal, and secondly to earn interest.

Secondly, rich people know how to utilize resources better. Using credit cards within reason is a good thing. Rich people use credit cards rationally to save their own money and reinvest it; when rich people have no money, they will boldly overdraw their credit cards if they want to get things done, while people without money are more cautious and do not want to spend money. Tomorrow’s money, I’m afraid the burden will be too heavy.

Again, using a credit card is cost-effective and convenient. When you use a credit card to make purchases, you can enjoy a period of interest-free period. Since you want to buy things and consume, why not make full use of it instead of spending your own money first? If you use a credit card to make big purchases and then repay the money when it is due, it is very cost-effective. Even if the money saved is kept in the bank for its lifetime, it will still earn some interest.

I also saved points and got various consumption discounts, which are actually quite affordable. Needless to say, using a credit card is convenient. When traveling for business or travel, you only need a credit card. You don’t have to prepare a special amount of money, and you don’t have to worry about not having enough money.

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1 The times are changing. We are now entering an era of developed finance, credit consumption, and early consumption. Credit card consumption is moving from traditional cash transactions to credit transactions. This is a business efficiency and convenience Improve

2 I think that not only ordinary people but also rich people have the habit of credit card consumption, especially when life is stressful and their own cash flow is limited, they should retain cash flow turnover to the greatest extent without using it. The mode of saving your own funds and using credit cards for consumption is also a way to revitalize your cash consumption.

3 It’s just that the rich have high incomes and stable expectations for the future, all because they use external funds to solve problems to the greatest extent, and manage their own finances and preserve and increase value as much as possible. With income and liabilities, allocate credit cards for consumption. On the one hand, you can enjoy convenience and discounts, and on the other hand, you can also revitalize cash flow. Many people are also caught up in the desire to consume and fail to control credit card consumption at a reasonable level. In the end, they become card slaves. Some people turn credit cards into cash consumption and management tools to realize and even increase financial value, while some people turn credit cards into overdrafts for consumption desires.

Using a credit card well can increase a person's credit. If it is not used well and it becomes overdue, it will reduce your credit in the bank and directly affect your future loan business at the bank. Rich people like to use credit cards because they want to improve their bank credit. After all, they all deal with banks. And poor people don’t like loans and debt, so they don’t like to use credit cards!

The richer people are, the more likely they are to use credit cards, while the poorer people are, the less likely they are to use them. I have heard that credit cards are really scary. First of all, I would think:

1. Spend as much as you earn.

2 Credit cards also charge annual fees. Since there is an annual fee, there is no need for it.

3 If you are overdue, you will have to pay penalty interest. If you file a credit report, forget it!

However, now I feel that credit cards are:

1. Use credit assets to leverage personal leverage.

The two-year fee is nothing and can be waived.

3 Improve personal credit, money makes money.

In the past, when I went out, I had to carry a lot of cash with me, and there was a possibility of it being lost. Now, I just need to bring a card. Credit cards have changed the way we pay, whether it’s thousands, tens of thousands, or tens of thousands. If you don't wait, just swipe my card.

Benefits of using a credit card:

1 Improve personal credit

2 Redeem points for gifts

3 There is an interest-free period of 50-56 days

4 Use it first and then pay it back

5 Different credit cards enjoy different rights

At the same time, credit cards are divided into levels. The stronger the financial resources, the higher the amount you can apply for. The higher the level, the higher the benefits you will enjoy.

Credit is wealth!

This very simple principle is the credit system. What kind of society is it now? It is a credit society, not a wealthy society. Anyone who doesn't owe money is not a rich person. Let’s talk about which Jack Ma, Ma Huateng and the like don’t owe money? There are many people who don’t understand and feel that they can’t spend all the money they have. In fact, it only takes a matter of minutes. Anyone who is a senior executive in a large company should know that sometimes crises are invisible.

I digress, let’s talk about this simple thing. I use a gold card and you use a regular card. Why? status gap. To put it simply, I go to the bank and borrow 100,000 yuan directly, but you can only borrow 10,000 yuan. Why? This is an analogy. The credit system is convenient for rich people, but nothing will work for those without credit.

Many people think that if I have money, why would I use a credit card? All I can say is, how rich are you? Is it enough to spend? You can't spend all the money you can make, so the Bank of China needs to be contacted. People who don’t have access to banks don’t have much money. Ordinary people who don’t use credit cards don’t have much money. Now 1.8 million is called money, right? It's not like before. Rich people need to be friendly with banks in order to develop, and credit cards are the easiest.

The biggest difference between rich people and people who are short of money is their different understanding of money. Rich people often collect their change and use it as capital to achieve money-making, that is, financial awareness. People who are short of money often look down on small money, thinking that they can't do anything with this small amount of money. They don't have the habit of gathering less to make more, and they don't have the awareness of financial management. And money has time value, and the richer people are, the more they understand this truth.

Therefore, there is a phenomenon of rich people taking advantage of the interest-free period of credit cards, using bank money for free to do their own things, but concentrating their change for financial management.

Of course, wealthy people are more willing to use credit cards. Perhaps they are more familiar with financial knowledge and want to use credit cards to spend money to cultivate good credit.

Cognitive problems are even more terrifying, people without money are trapped (not knowing)!

Because credit cards have an interest-free period of about one month. If you use them well, you will be a card god, but if you use them poorly, you will be a card slave.

Nowadays, more and more people like to use credit cards. What is the charm? Naturally, there are many benefits to using credit cards. I have summarized them and they have the following benefits:

1. Accumulate personal credit record: Spending more on credit cards and being able to repay in full on time can improve your personal credit history. Credit card limits and creditworthiness. With a good credit record, it will be much easier to get approved for a loan to buy a house or a car.

2. Relatively safe: By swiping your card for consumption, you can carry less cash with you to avoid losses caused by theft or loss of cash. Even if your credit card is stolen or lost, you can report the loss as soon as possible after discovering it, minimizing the loss of money.

3. Owe less favors: When you are short of funds and need cash to meet urgent needs, you will inevitably feel embarrassed to ask for a loan from relatives and friends and still owe favors. At this time, an overdraft credit card is a good choice. The 60-day interest-free period is enough for you to pay back the money next month.

4. Save money: Nowadays, many credit cards cooperate with merchants for promotions. For example, discounts or cash rebates. In addition, credit card consumption points can also be redeemed for some daily necessities, or lottery activities, etc.

5. Relieve financial pressure: If you spend a lot of money and have a certain amount of pressure to repay when due, you can use a credit card to pay in installments and enjoy your favorite products in advance. Of course, you should consume within your means in advance, and certain procedures need to be paid for installment payment.

6. Convenient financial management: You will receive a detailed consumption statement in paper or email form after the billing date. You can clearly see your monthly consumption and expenses from the bill. It is much more convenient than the cash accounting method.

7. Educate your children’s consumption awareness: You can apply for a supplementary card for your children, so that you can understand their consumption and financial status and educate them on financial management and consumption awareness.

8. Additional benefits: Some credit cards can provide additional benefits such as free car wash trailer oil delivery, accident insurance, medical insurance, airport VIP lounges, and points exchange for miles.

Of course, the existence of a credit card is a double-edged sword. While it is convenient and timely, you need to control your desires and avoid blind consumption and excessive consumption.

Why do richer people need credit cards?

I personally think this problem can be summarized as the poor are more and more interested in saving money, and the rich are more and more interested in taking out loans.

If we carefully observe the people around us, we will find that many bosses owe millions or tens of millions to the bank. They talk and laugh every day and live a very happy life.

You will find that if people around you can make money every day and save it, they will have a sad face and think about making more money and saving it every day. Life is basically packed together.

First of all, sometimes I have to mention one thing, and that is the difference in thinking. When my college classmate and I graduated together, I felt that our lives were different. He is particularly honest and honest. No matter what you do, you have to save enough money before doing it. I am different. I like to use leverage.

Take buying a house as an example. In 2013, house prices in Wuxi were not particularly high. At that time, we almost only had tens of thousands of yuan on hand. I remember clearly that the down payment at that time was more than 200,000 yuan. At that time, I tried every means to knock on my own stick, increase the strength of my own stick, and then bought a house. Only today did I realize how smart my decision was.

My friend himself. After saving the money, he bought the house in his hometown because his parents wanted it. Although his parents are very happy now, he still can't afford to buy a house in Wuxi because the price of houses in Wuxi is increasing more and more, and the down payment is basically It's more than 700,000 yuan.

In the same way, the core issue why rich people use credit cards is that credit cards can give rich people more discounts.

To give a typical example, credit cards have half-off discounts on Wednesdays and Fridays. Whether it's eating, singing or dancing, daily consumption is very cost-effective. Maybe 100 bucks. You can have a delicious meal, but you must know that a meal costing 200 yuan is definitely of higher quality than a restaurant costing 100 yuan.

The reason why the poor are poor is because they cannot open their horizons and thinking. The reason why the rich are negative is because they can understand the best and most eye-catching information, make the most accurate judgments, follow the trend of the times, and always have meat to eat.

Similarly, if you eat at a restaurant that costs 200 yuan, a poor person may think of it as a luxurious meal, but for a rich person, I can have a casual meal with a half-price discount. This is the mentality. Differences and changes in thinking are different, so rich people apply for credit cards more to cater to their own lives.

To make life better, of course, it does not rule out that many people use it as a routine to eat the same thing. A poor person may consider a 200 yuan restaurant to have a luxurious meal, but for a rich person, I can have a casual meal with a half-price discount. This is the difference in mentality and change in thinking, so the rich Applying for a credit card is more about catering to your own life and making your life better. Of course, it does not rule out that many people use it to cash out.

It’s convenient for turnover. When doing business, you often need money. When the cash flow is cut off, you can’t always borrow money from friends. Rich people have a good reputation, and credit cards, if you have one This illegal operation is called "cash out" and requires the use of a POS machine. The savings card bound to the POS machine is his own, and he will lose a small amount of handling fees. It’s much more cost-effective than a debt of gratitude.

I think this reason accounts for 90%

Many people think that only poor people use credit cards, and rich people do not use credit cards at all. In fact, this statement is wrong, and it is completely wrong! Rich people don’t think so. The richer they are, the more they like to use credit cards. Otherwise, why would banks issue so many diamond cards and unlimited cards for who to use? There are examples of this: Wang Sicong posted on Weibo a few years ago that he dropped a wallet while flying, which contained black cards from more than N banks. If anyone found it, please contact his assistant; last year, Ma Dad When spending money in bars in Chongqing, you pay with a credit card.

Both of these things can be found online. They are both considered wealthy people in China and even in the world.

However, the most important thing for rich people is money, why do they still like to use credit cards? In fact, the reason why rich people like to use credit cards is that on the one hand it ensures the circulation of funds, and on the other hand they can use credit cards as personal assistants and enjoy various free VIP privileges and benefits.

Rich people like to use credit cards for the following points:

1. Use credit cards to accumulate personal credit

Credit cards can help you quickly accumulate personal credit. The application and use can be shown in the personal credit report. And compared with loans, credit cards are easier to apply for, have a higher chance of daily use, a wider range of uses, and a higher rate of reuse. As long as you swipe your card every month and repay your bills on time every month, you can quickly accumulate an excellent personal credit record.

Don’t underestimate the importance of credit record. It will be used for loans, credit cards, etc. If your personal credit is bad, the bank will probably turn you away. Many people in life cannot get loans because at this point.

2. Use the interest-free period of credit cards to revitalize the cash in hand

The consumption level of wealthy people is much higher than that of ordinary people. If you use credit cards to replace the money, invest the money in There are also a lot of returns on some short-term financial products. You may think that it is too troublesome to use a credit card for this amount of interest, but if this kind of consumption habit is formed and an adult uses this method for his whole life, do you know how much these benefits will be?

3. Enjoy more benefits of credit cards

Rich people generally have better qualifications, so the probability of applying for platinum cards, diamond cards and other large credit cards is very high. These large-value credit cards can also provide cardholders with higher-end rights and interests, such as airport VIP services, high-value insurance rights, preferential hotel booking and travel rights, priority medical treatment rights in hospitals, golf and other sports rights, etc. These rights may seem useless, but when they accumulate, they are terrifying. For example, Liu Yiqian used his credit card to purchase many antiques in the past few years. One of these antiques earned him 422 million credit card points. These miles can be exchanged for more than 45 million kilometers of air miles, enough for him to fly first class to and from London and New York 733 times; If you take economy class, you can make 2,200 round trips.

4. Large-value credit cards are a symbol of identity and status

Not everyone can apply for a credit card. A credit card is a reflection of your financial strength, social status, etc. . Moreover, card issuers will also issue different levels of credit cards based on the applicant's social status, financial strength, purchasing power, credit rating and other standards.

If you get a diamond card, your personal assets must be at least 7 figures. So, on the other hand, a credit card becomes a symbol of your identity and status.

The reason why rich people can become rich is actually because of the way they look at things and the way ordinary people look at things. They can see more things than we can. , and more comprehensive, so they can become rich people, but we can't, it's that simple.

We usually judge whether a person is rich through fixed assets. Since money is invested in fixed assets, then this group of people do not have sufficient liquidity, so they have to look for sources of funds, such as credit cards. It is a good source of funds. As long as you repay it on time, there are no other fees except cash out costs.

First: the accumulated credit value of the credit card.

By constantly using cards rationally, accumulating personal credit, and accumulating credit, it will be easy to get a lot of funds from the bank for easy turnover. It is a very good financing channel for enterprises.

Second: Compared with loans, credit cards are more flexible to use.

When the loan is due and must be repaid on time, the cash flow in your hand will become less and less. If you have a few credit cards, you can use them continuously, and the more you use them, the bigger they will be.

Third: Relatively speaking, the interest rate on bank money is relatively low.

Compared with borrowing, the interest rate for loans and credit cards is relatively low. It can generally be controlled at around 3-5%, and borrowing is generally 5 cents to 1 cent.

The more money you have, the more monthly credit you have.

There is often such a pattern in society. People work hard for a year and then save their money, but the boss tries every means to loan the money out of the bank and then hires people to work. The final result is that the boss goes to the bank and takes the people's money. The savings are loaned out to hire people to work and then sell things to the people. The people worked hard year after year, but they still managed to save money to buy things they made, such as houses. This is the same thinking as the more money you have, the more credit cards you get.

Be like a boss and spend other people’s money to do your own thing.

In fact, the reason why rich people like to use credit cards is that it ensures the circulation of funds on the one hand, and it is also a status symbol on the other hand, such as large credit cards, and they can also enjoy various benefits.

1. Nowadays, the whole country is connected to the Internet, and credit reporting is popular all over the world. Without credit reporting, it is difficult to move forward. People with credit cards can accumulate personal credit.

Credit cards can help you quickly accumulate personal credit. The application and use of credit cards can be shown in the personal credit report. And compared with loans, credit cards are easier to apply for, have a higher chance of daily use, a wider range of uses, and a higher rate of reuse. As long as you swipe your card every month and repay your bills on time every month, you can quickly accumulate an excellent personal credit record. That's why someone can always get a loan from a bank.

2. Use credit cards to revitalize cash flow

Occasionally, bosses will have cash flow shortages. Using credit cards can quickly and easily solve this problem within a period of time. At the same time, it is also very helpful in short-term financial management.

3. Credit card is an indirect or direct status symbol.

Large-value credit cards have privileges and benefits in many aspects, such as catering, travel, hotels, gas, air tickets, VIP, etc. They also have special rights and interests. At the same time, large-value credit cards also represent a person’s financial strength. Moreover, card issuers will also issue different cards depending on people's status.

Rich people know how to use money as leverage. Using bank money to do things is equivalent to using future money to do current things. Poor people save current money to do what they want to do in the future. Thing is, this is a gap in thinking and a gap in thinking and cognition.

You can use it but you can't live without it. Once you really need the money one day, you don't have to borrow it from others in a lowly manner. Just treat it as your own emergency fund. Of course, some people use the card to enjoy preferential consumption and benefits, and some people use it to make more money through investment. All in all, credit cards are definitely worth it when used wisely!

Following your question and focusing on this logic:

1. In today’s credit society, accumulating personal credit is a kind of capital for individuals.

2. Understand the role of capital flow. Anyone who has studied finance should know this. Capital flow is an important condition for expansion.

3. Based on the above two points, accumulate capital, expand the capital flow, accumulate more, and expand it, the higher the natural returns will be!

Why apply for a credit card? Give you 5 reasons!

When I didn’t have a bank card before, I fell in love with a product in the mall, but gave up the purchase because I didn’t have enough cash or asked relatives and friends to borrow money to buy it. In today's society, credit cards have appeared. The existence of credit cards makes it easy to own today's goods and spend money in the future. Kabaobao found that many people have misunderstandings about credit cards. It does not mean that poor people do not need to apply for credit cards if they have no money. This is a misunderstanding caused by not fully understanding the role of credit cards. So what are the benefits of credit cards?

Kabaobao summarized 5 major points:

1. You can spend first and then repay.

The biggest advantage of a credit card is that if you don’t have enough cash in your pocket or have no deposits in your account, you can use a loan to overdraft and pre-borrow funds from the bank for shopping and consumption. The bank will also have an interest-free period of 20 to 50 days. As long as the cardholder repays the loan in full within the interest-free period, no other interest will be paid.

Two. Maintaining good credit is conducive to loans

An individual's income level, financial resources, credit overdrafts and personal loans, including lawsuits and penalties when bad credit occurs, etc., will be recorded on the individual's credit record . In today's society economic wealth is also reflected in a good credit record. For those who have not borrowed money from the bank, the bank will automatically consider you to be a person without credit. Card Baby hopes that everyone will establish a personal credit record as soon as possible.

You can apply for a credit card, use this card for long-term consumption and timely repayment, and maintain good personal credit discipline.

Three. Apply for high-value credit cards and enjoy privileges

For example, for ordinary cards; free insurance, free movie viewing, points exchange for gifts, travel draws, free car washes, etc. Platinum card; high-value insurance, airport VIP service, foreign visa exemption, free physical examination, free golf experience, etc. You can enjoy all kinds of benefits. And many banks have cooperative relationships with shopping malls, supermarkets, etc., allowing cardholders to enjoy many discounts.

Four. Understand consumption through bills

Usually after we use credit cards to make purchases, there will be regular electronic bills or paper bills sent to our homes by the bank. Cardholders can understand their own consumption through the bills. Monthly shopping and consumption expenditures are used to analyze personal consumption tendencies and manage your own income and expenditure rationally.

Five. Holding a card is a sign of identity

Not everyone can apply for many types of credit cards. It is necessary to provide proof of financial resources and identity to the bank, and the proof must be convincing to the bank. There are also some credit cards that can only be applied for by invitation from the bank, and banks will not accept personal applications. Therefore, Kabaobao believes that a credit card is a second ID card that can show personal identity and credit.

The above five major points mentioned by Ka Baobao are all reasons for not wanting to apply for a credit card~ I believe that many friends will apply for a credit card with many benefits after reading Ka Baobao’s words~ In the future If you have the opportunity, Kabaobao will tell you how to apply for a credit card, which channel is better to apply for, how to apply for a higher limit, and how to improve your application qualifications. Kabaobao will teach you if you have the opportunity.

Why apply for a large credit card? What are the benefits of large-denomination credit cards?

I don’t know if you have noticed a strange phenomenon. The richer people are, the more they try to apply for large-denomination credit cards or apply for loans from banks. People who have no money refuse to apply for credit cards and loans. Many of the reasons for this situation are caused by different views on financial knowledge.

So, why do so many people favor large credit cards? What are the benefits of large credit cards? Let’s find out together below.

1. You can accumulate credit

By constantly using cards reasonably and accumulating personal credit, and accumulating credit, it will be easy to get a lot of funds from the bank for convenience. turnover. It is a very good financing channel for enterprises.

2. Funds are easy to turn around

When the loan expires and must be repaid on time, the cash flow in your hand will become less and less. If you have several credit cards, you can pay them back a little bit. Keep using it continuously, and the more you use it, the bigger it gets.

3. The interest rate is lower than that of loans

Compared with private loans, the interest rates of loans and credit cards are relatively low and can generally be controlled at 3-5%. Around 5 cents to 1 cent for private loans.

Summary: The key to credit cards and POS machines depends on how you use them. For those who maliciously cash out and do not have good capital flow, it is still recommended that you do not apply for a large credit card. If you can use your hands For people who have a reasonable combination of resources, large credit cards are still very useful.

This ends the introduction on why rich people should apply for credit cards and why rich people apply for credit cards. Have you found the information you need?