Why do more and more people dislike using credit cards? Too lazy to do it?

Credit cards are more for ordinary individuals. The boss doesn’t even need a credit card. He directly borrows hundreds of millions from the company’s bank. He signs the loan and spends it as he wants. He can buy a Rolls-Leighton or a villa, and all food reimbursements are made with a signature pen. If not, personal liability is unlimited. The company's left hand is replaced by its right hand, and its right hand is replaced by its left hand. If it goes bankrupt, you don't have to pay it back yourself.

Credit cards are convenient for everyone to use temporarily. Many people consume blindly and over-consumption leads to making ends meet, which is unnecessary. Nowadays, there are more credit services, and many people have more choices. Credit cards have billing dates and repayment dates. If you can't remember them, they may be overdue. Overdue ones will have an impact on your credit report. Many people find it troublesome, so they don't want to apply for it. Another thing is that the Internet is so developed now and virtual card payment is so convenient, so I am too lazy to apply for it.

From my personal experience, firstly, the card processing procedure is slow, which can take up to 1 month. Now Huabei can be used at any time and can completely replace a credit card. Second, credit cards need to keep the repayment date in mind, which is troublesome for some people. If they don’t repay in time, their credit report will be affected, which they don’t want to see.

That’s because they can’t handle large amounts. For a credit card, the limit you are approved for each time is several thousand. There is no use in getting this card. If you can get a credit card with a limit of more than 100,000, it is still very useful, but most people cannot get a card with such a high limit. .

Daddy Ma’s online payment is very fast

The more you use your credit card, the worse it gets—the more you use, the more you owe, and the bank’s money will eventually have to be repaid. This is the United States. The concept of overdraft consumption in Western countries in advance!

It’s okay to use working capital occasionally, but living on credit cards is becoming more and more difficult and troublesome!

In the past, people needed to apply for a credit card to save money and spend money, and some people would have several because of their own special needs. When people opened their wallets, they were also densely arranged. Credit cards one after another, but now fewer and fewer people are applying for credit cards, and some cards have even been destroyed. What are the reasons for this? Why do more and more people stop applying for credit cards? You won’t believe it if you tell me about these pitfalls. Why are there so many pitfalls in credit cards? After many people know about it, they will no longer apply for a credit card. So let’s take a look at the specific reasons!

First of all, we are now in a networked era. Almost everything can be done by the network. Even the payment and payment functions are contracted by the network, and mobile payment terminals are also available. More and more, such as Yu'e Bao, Huabei, etc., are more popular and accepted by the public. And this mobile payment function really facilitates our lives to a great extent.

Secondly, we no longer need to carry a credit card or even a wallet when we go out. We only need a mobile phone to do it all. Moreover, we can apply for and use these online for free. There is no need for many troublesome procedures and steps. It is very convenient and fast, saving a lot of time. If you want to apply for a credit card, you still need to go to a local bank, take our documents, and go through the relevant procedures. From this point of view, of course people are not willing to take the trouble to apply for a card!

Furthermore, few of us now devote time to shopping in physical stores. They usually shop online, which is more convenient. However, some online merchants cannot use credit cards to pay. It needs to be paid through Alipay, Huabei, etc., and there will be no handling fees, which is better than credit cards.

Finally, credit cards have specific repayment dates. Although you can repay them freely at the beginning, if you fail to repay them within the stipulated time, the interest will keep rising. Yes, inadvertently, you may not know how many times your repayments have increased. This is actually a bit scary.

I have to say that there are really many pitfalls with credit cards. When our bank cards exceed a certain limit, bank staff will call us and recommend some discounts to us. The service is said to give you something as a gift, but in fact when you feel you are getting a bargain, that is when the people at the bank are happy! They only told you the good side, but did not show you the bad side such as the fees that need to be paid. Only after you follow their recommendations, you may know the truth. So, it’s not that credit cards are really bad, it’s just that mobile payment may be more suitable for most people than credit cards.

1. The traditional mainstream consumption concept of Chinese people is to save money first and then spend it. Borrowing money to consume and spending in advance have never been mainstream. This is especially true when the income of residents is not very high. So at the end of the 20th century and the beginning of the 21st century, credit cards never really became popular.

Although the number of credit cards issued each year is large and growing year after year, many of them are the result of repeated card applications or recommendations from bank employees in order to complete tasks. As a result, many people have several credit cards in their hands, but basically none of them use them.

Moreover, it was troublesome to repay using credit cards at that time. You had to go to a bank branch every month to repay. For those small and medium-sized banks, there were only a few branches and it was difficult to find them. Online banking is far less convenient than it is now.

In short, on the one hand, it is not very acceptable to the consciousness, and on the other hand, it is troublesome to use. So it didn’t develop much.

2. Entering the second decade of the 21st century, especially in recent years, the rapid development of Internet finance, coupled with the development of mobile intelligence, has led to the emergence of many various forms of online lending. You can borrow money without meeting in person, and with the promotion of various channels and methods, more and more young people have accepted the concept of early consumption.

For these young people, the credit limit is not high, and if they are still students, it is not easy to apply for a card. It is much more convenient to borrow online.

Huabei in Alipay is essentially a credit card, but it is much more convenient to use than a bank credit card.

Today’s young people may not necessarily deal with the bank more than once a year.

3. Another difference between credit cards and online loans

After all, banks are formal financial institutions with various strict operating procedures.

Online loans are worse, but they are easier to use and can better stimulate some consumer needs.

A few days ago I wanted to apply for a China Merchants Bank credit card and filled in the information online. A few days later, I received a call from China Merchants Bank and asked for an interview. Just pull it off and do nothing.

In short, in the past, most Chinese people had no awareness of borrowing money for consumption, so credit cards did not develop; after more and more people became aware of borrowing money for consumption, online lending as a credit card Alternatives were developed, and credit cards were pinned back.

It is useless and may become a burden! If many people think a thing is useless or cumbersome, of course they won’t want it.

Take me as an example. Two of my three credit cards have not been used for more than half a year. In the past few days, I have been thinking about how many times I should use them, otherwise I have to pay the annual fee. But one card I can't remember the password, so I'm about to log out.

Nowadays, there are three main reasons why people don’t like to use and apply for credit cards:

1. It is of little use, and you have to pay an annual fee if you don’t use it. Nowadays, except for some businessmen who use credit cards to circulate funds, the meaning of most people's credit cards is just one more card. In China, the reason why many people apply for credit cards is because they want to take advantage of the money. However, after doing it, I found that it was of little use or even useless. I still had to pay it back after more than 50 days. For Chinese people who are keen on saving, it is just to advance their consumption by more than 50 days; but if you don’t use it, you still have to pay it back. The annual fee will be deducted;

2. It is easy to forget to repay the money, and once you forget, it will affect your personal credit. There are tens of billions of yuan in overdue credit cards across the country. In fact, many of them are not because they can't pay off the debt, but because they have forgotten it. The credit card repayment password is simply magical. I send you a text message to remind you one month in advance. It is almost a few days before the loan is repaid. The bank will not remind you anymore, even if it is overdue, it will usually not notify you. Banks are very bad. If they cannot collect the annual fee, they can only rely on overdue interest.

In fact, if you find out in time that you have forgotten to repay, a little interest is nothing. The key is that it will affect your personal credit, which may affect your ability to apply for a card in the future, or you may not be able to get a loan in the future. This is called the possibility of becoming a burden;

3. Electronic payment is relatively developed, and it is troublesome to swipe cards. Alipay and WeChat are so convenient now. Who still carries cards? Few people carry wallets anymore. Moreover, many places now do not recommend credit cards, and generally use Alipay and WeChat. Even if the credit card can be tied to Alipay and WeChat, it doesn't make much sense, because you can use Huabei to overdraft consumption, and using Huabei can not only increase Alipay points to exchange for things, but also quickly increase your Zhima credit score. If your Zhima credit score is high, It is still of great use, for example, you can enjoy bicycles, hotels, etc. without deposit, and the interest rate for borrowing is reduced, etc. Apart from extending the loan repayment period by a few days compared with Huabei, I can’t think of any other use for swiping a credit card;

4. It is difficult to increase the credit card limit. In fact, credit cards can still help us when we make large daily purchases. For example, if we buy a house or a car, and the difference is between 10,000, 20,000 and 50,000, we can swipe the card first, and after more than 50 days, we can pay it back after our salary is paid; However, it is very difficult to increase credit card limits in China. I applied for a credit card five or six years ago with a limit of 10,000. I used to use it frequently. However, I applied for a limit increase last year and was not approved. You can even increase it by 20,000. Ah, because the limit of any credit card you can apply for now is at least 30,000 yuan, so I don’t want to use it anymore. Many people around me have the same situation. As their income increases, they often use credit cards, but they don't increase their credit limits. This also causes many people to have no confidence in the follow-up services of credit cards.

I personally think that credit cards may become a thing of the past in China just like the popular phone cards around 2000.

Credit cards, generally speaking, are used to make purchases in advance. Nowadays, most people have experienced this, and almost all of them have had trouble with credit cards. Either they have been canceled after paying off, or they are still overdue. For example, if you currently have a credit card with a limit of 10,000 yuan, and you go shopping and see something, you really like it, but you don’t have that price, but it is on the credit card. Do you choose to buy it? Most people will choose to buy it. After all, I really like it, but when the credit card repayment period comes, how many people can pay it back in full? How many people are overdue now? With the popularity of credit cards, the threshold for application is getting higher and higher, so fewer and fewer people can apply for a credit card. To put it simply, the poor cannot apply. , the rich look down upon it.

Why do you never apply for a credit card (debit card)?

The reason why it is said that you should never apply for a credit card (credit card) is because there are the following risks in applying for a credit card (credit card):

1. Every credit card (debit card) Repaying your loans on time every term will help maintain your personal credit. However, if you repay overdue, the overdue record will be uploaded to the People's Bank of China's credit system, which will stain your personal credit in the long run and be detrimental to future applications for mortgage loans, car loans and other businesses.

2. Credit cards (debit cards) are essentially overdraft consumption. Some users have poor self-control and it is easy to over-consume when applying for a credit card (debit card). In this way, not only will it cause its own debt crisis, but it will also face penalties such as collection and penalty interest.

Why is it not recommended to apply for a credit card

1. Credit cards promote personal consumption and may increase unnecessary personal debt.

In the past, we all used cash for consumption. If we took out banknotes, we would feel distressed. Since the advent of credit cards, both online and offline purchases may be made on impulse without considering one's own income capacity. When the credit card repayment date comes, it feels a bit sour. Even if your income is tight, you may not be able to repay it all at once, and you will start to live in installments. Installment consumption is not worth mentioning to people who are not familiar with the industry, but in fact, credit card installment is very expensive. For example, if the installment is 50,000, and it is repaid in 12 installments, the monthly interest rate is 0.7%, then the monthly handling fee will be paid That is 350 yuan. This 350 yuan will not be reduced with the monthly principal repayment. Instead, this 350 yuan needs to be paid for 12 months. The total handling fee payable for 12 months is 4,200 yuan. But in fact, the principal is being repaid every month, which means that the average principal used is actually 25,000 yuan, so the actual credit card installment interest rate is 1.4% per month, which is very expensive. In fact, it is not as good as a normal bank loan.

2. Relatives and friends may come to borrow money because you have a credit card.

There are too many cases like this, so sometimes if you apply for a credit card, it’s better to know it yourself. Don’t let your relatives and friends know, otherwise it will easily lead to a "bloody crime" of borrowing a credit card. Let’s put it this way. Originally, everyone knew your income and you might not be that wealthy. But after you apply for a credit card and your relatives and friends know about it, they may easily think of you and your credit card when they need financial assistance. Then you don’t I was embarrassed to borrow it, but they wanted to cash it out, and I didn’t know when I would be able to pay it back. This was the beginning of a tragedy.

3. If you apply for a credit card, you may cash it out and use it as a loan if you need funds later.

Some people apply for credit cards and need to cash out to make ends meet. Regardless of whether the cashed out money is used for legitimate purposes, it will be the beginning of increasing our own liabilities. Logically speaking, cashing out on credit cards is illegal. Banks may turn a blind eye because it is profitable. But for individuals, the records of credit card cash-out are actually screened in the bank's system, and there are obvious records in the credit report. If when you want to buy a house in the short term, your credit card happens to be cashed out, forming a debt record, the bank is actually very disgusted. Those who use credit cards excessively would rather see your record of using loans than see you using credit cards with high limits and high frequency for financing or consumption.

4. Credit card bills are easy to forget, which affects personal credit records.

Some people may forget to return just one credit card, let alone those who apply for multiple credit cards. I have seen a lot of customers with overdue records on their credit reports. Basically, they are due to forgotten credit cards. In fact, the amount is not large, some even only a few yuan, but when the number of transactions is large, it will be very expensive. It will affect loans, let alone bank loans. Loan products of Internet finance companies will also depend on credit reports. Overdue credit more than 6 times in two years, regardless of financial reasons, is called a broken credit report. When applying for a loan, the response you hear must be "Hello, we are happy to serve you. Your credit report record does not meet our requirements at present." Loan requirement. Thank you. ”

5. The credit card can be used for small-amount payments without a password or even without a transaction password, causing fraud.

Some banks’ credit cards can be used directly without setting a transaction password in the early stage. This is scary. I am someone who often forgets credit card passwords. I used to apply for a credit card from a certain bank and entered the correct password every time. This was completely impossible before, so I tried to swipe twice and the passwords were different. Discovery can be realized and consumed. I was shocked and quickly called customer service to set up a credit card transaction password. Some credit cards enable small-amount password-free payments when the customer activates and sets a password before using them. That is, a purchase of 300 yuan does not require entering a password, so there is a risk. Here, it is also recommended that if friends apply for a credit card, they must call customer service to ask clearly about their credit card situation, including whether to set a complete query password, transaction password, and whether to activate the small-amount password-free payment function. If so, it is recommended to immediately deal with.

So, in our lives, we can actually apply for no more than 3 credit cards to meet daily consumption. But if you don’t particularly need a high limit, it is recommended to adjust the limit of a single card to less than 20,000. Ordinary consumption can be satisfied. It is recommended that friends, whether using credit cards or not, should live within their means and use credit cards or other financial services correctly based on their own financial situation. Life can be made beautiful through finance, or it can destroy everything because of finance, so be reverent.

Why do young people nowadays basically no longer apply for credit cards?

Because applying for a credit card may have the following disadvantages:

1. Cardholders develop bad consumption habits.

2. Some cardholders had good credit cards when they first started using them. However, because the credit card spends only the limit, the cardholder does not feel that he is paying back the money when he spends it, so that the user Expenses are getting bigger and bigger, and more and more credit cards are swiped. It is not until the repayment day comes that they realize that they have overspent. If credit card users stay in this consumption pattern for a long time, they will put greater repayment pressure on themselves. May become a card slave.

2. Credit card users usually do not pay attention to card security, resulting in financial losses

There are often news on the Internet about credit card theft. If the cardholder does not take good care of his or her credit card, , security code, password, then the card may be stolen and swiped, which will cause financial losses to the cardholder.

3. Personal credit is affected by overdue credit cards

After using a credit card for consumption, the user should repay the debt within the specified repayment period. If overdue behavior occurs accidentally, the bank will The user's overdue record will be uploaded to the central bank's credit reporting system, which will leave a stain on the cardholder's personal credit. If the personal credit rating is poor, later purchases of houses and cars may be affected.

Extended information

1. How to use credit cards correctly?

The correct usage of 1 credit card:

1. Decrease the limit appropriately. If the card issuance limit is not directly proportional to their salary income, it is recommended that the cardholder should reduce the limit. Monthly consumption should not exceed one-third of your income. The reason for the derating is that most graduates do not have the concept of rational consumption for the time being, and they have tasted the sweetness of premature overdraft consumption and easily become card slaves.

2. Set up a monthly credit card consumption budget. You can set a monthly budget for credit card spending to prevent overspending.

For office workers who have worked for less than 5 years, 3 credit cards are the best.

Office workers who have worked for less than 5 years have a stable income, a stable job, and a certain amount of savings in their hands, and are beginning to save funds for future purchases of real estate and vehicles. You can also purchase some luxury goods appropriately. At this time, it is best to hold 3 credit cards.

The correct usage of three credit cards:

1. Set up a credit card consumption budget. This section is aimed at office workers who plan to purchase real estate and vehicles in the future. Setting up a credit card consumption budget can help cardholders spend more rationally.

2. Set a repayment reminder. With 3 credit cards in hand, it is inevitable that you will forget the repayment time. It is recommended to set a repayment time for each card, and the time should be set 3 days before the final repayment date.

If you are an entrepreneur or executive with high income and high position, then please feel free to use it.

Why is it not recommended to apply for a credit card?

1. Increase personal consumption

In the past, when I went out to shop and pay for meals, I used banknotes, which made me feel the hardship of making money. When using credit cards, you only need to swipe your card to get what you want. things, and they don’t need to repay that month, this also makes many consumers blindly buy things they like when they see them. Only when they check the bill on the bill day do they find that the consumption limit has exceeded their repayment ability, which increases Unnecessary personal debt.

2. Cash out by credit card

Some people will cash out through credit cards in order to obtain cash. This is also prohibited by our country and is an illegal act. For users who are in urgent need of cash, it may be because Cashing out affects personal credit.

3. Overdue credit cards

There are many reasons for overdue credit cards. It may be due to insufficient repayment ability, or it may be overdue because the repayment date has been forgotten. Overdue credit cards will affect When it comes to personal credit, the possibility of getting a housing loan or a car loan from a bank later is very low.

4. Stolen credit card swiping

The chance of a credit card being stolen or swiped is very small, but it cannot be ruled out. Nowadays, many users have opened credit card small-amount payments. If the credit card is lost, Others only need to swipe their card and pay without a password.

5. Risk of overdraft

Credit cards allow overdraft for consumption, which may cause some people who do not have the ability to control themselves to overspend. Once the cardholder overspends, he is likely to Inability to repay occurs.

That’s it for the introduction of why you shouldn’t get a credit card.