Using credit cards can bring a lot of convenience to life and can provide short-term capital turnover problems, but improper use of credit cards by cardholders will bring serious consequences. So, what are the taboos of credit card swiping that we should pay special attention to?

When applying for a credit card, you must choose according to your personal needs. Do not apply blindly. For example, just to swipe the card for gifts, and then use the card after you get the gift. Leaving your credit card idle will have serious consequences. One is that it will cause debt, and the other is that it will be difficult to manage. A credit card overdraft that is too high exceeds the cardholder's ability to repay and can easily lead to overdue payments. Therefore, if there is no temporary limit on a credit card, try to keep it below 1/2 of your monthly income. This will reduce the repayment pressure on the cardholder. After applying for a credit card, you frequently use the credit card for installments, minimum repayments or cash withdrawals. Although banks are more welcome to handle these businesses, the cardholder will also pay handling fees or interest. However, banks that frequently handle these businesses will doubt the cardholder's repayment ability, and the credit limit will be reduced over time. Another is to raise the limit too high. Friends who use credit cards hope that they have a high limit, so that it is more convenient to use. However, pursuing a high credit card limit will only encourage cardholders to spend more, so don’t pursue a credit card limit too much. The last and most important thing is overdue repayment. Needless to say, the impact of this will be penalties, interest, liquidated damages, and personal credit report.

Therefore, the use of credit cards must be correct and reasonable, otherwise it will not be as simple as reducing the limit and suspending the card.