Lesson 5: Extra meals, the correct use of credit cards

Hello everyone, I am Lu Xin. This time I will give you some additional information on the correct use of credit cards.

When it comes to credit cards, everyone really loves and hates them. People who like it want to apply for dozens of credit cards and use them to their advantage. They can save money and enrich their lives, and they can also enjoy various discounts and benefits provided by banks.

People who don’t like it will find it very troublesome, and they have to remember the bill date and repayment date. There are also people who cannot restrain their desire to consume with credit cards and often consume impulsively, resulting in financial constraints and great repayment pressure. If you are overdue, it will have an impact on your credit, and in more serious cases, it may even affect your car loan and home loan.

So should we use credit cards?

My suggestion is to look at your own preferences. If you really can't control your desire to consume, then I suggest not to use it. If you are a person who has great self-control and can strictly follow your own plans. Then I suggest you still use credit cards, and the more you use, the better. Why? Next, let’s talk about the benefits of credit cards.

1. You can enjoy discounts

Those who frequently use credit cards should know that banks will cooperate with many merchants. Just swipe your bank's credit card to enjoy the discount. The discounts in many places are quite high, with the lowest being 50% off. For example, if you want to treat your family to a meal out during the Mid-Autumn Festival, you can choose a hotel with discounts in advance. Moreover, it’s not just about eating, buying clothes, car maintenance, gas, and supermarket shopping. As long as you pay more attention to it, you can find merchants with discounts. This can save a lot of money in the long run.

2. Points redemption

When you use a credit card to make purchases, the bank will accumulate points for you. These points can be exchanged for something at the bank's credit card center. The quality of those things is quite good. If you need them, you can use points to redeem them if you are short of them at home.

If we do not use credit cards for consumption, but use cash or other methods. Money spent is spent, and if you don’t have points, you won’t be able to redeem them for gifts. So using a credit card is one of the best ways to make money.

3. Bank benefits and gifts

Banks often give us credit card users some benefits and gifts. For example, as a common card-opening gift, as long as you get a new card and activate it successfully, you will be given a gift. There are also some benefits that come with credit cards. For example, with a platinum credit card I just applied for, you can enjoy 2 million yuan in aviation accident insurance when flying. I also have a credit card from a supermarket in my hometown. Whenever I go shopping, I can enjoy twice the points and a 10% discount.

These are relatively common. Higher-end credit cards can even upgrade your flight from economy class to first class for free. These prerequisites are that if we use our credit cards well, the bank will upgrade us.

4. Take advantage of the interest-free period

Before introducing this, you need to understand two concepts about credit cards. Billing date and repayment date.

For example, when we use a credit card, it does not mean that we have to pay it back on the 7th of every month. After we swipe the credit card, we have to pay it back on the 7th. The bank also needs to make statistics first about your consumption this month and how much you need to repay. After the statistics are done, the bank will send you the bill and notify you to repay on the next repayment date.

After the bill comes out, you will be notified of the repayment date. This is the time when you really have to pay out of your pocket.

At this time, there will be a time difference. For example, my bill date is the 15th and the repayment date is the 7th. I swiped my card for consumption on the 16th, and the bill will be issued on the 15th of the next month, notifying me to repay on the 7th.

That is to say, I swipe my card on the 16th, and I will be notified on the 15th of next month to repay on the 7th of the next month. This is about 50 days before and after. These more than 50 days are equivalent to the fact that the money I used in the bank was used in vain, and there is no interest. This period of time is called the interest-free period.

After understanding the interest-free period, we know that we should use more credit cards for daily consumption, and then put our cash in various funds (that is, monetary funds). By taking advantage of the interest-free period, our money in monetary funds can continue to make money for us, maximizing the role of money in generating money. Don't waste every penny.

1. Do not cause overdue payments

If the payment is still not made by the repayment date, the overdue record of the People's Bank of China will be submitted. Don't take it seriously. If there are too many overdue records, it will affect other credit activities such as car loans and home loans. We are all building a credit society now. In the future, you may need to check your credit record before renting a house or looking for a job. So be sure not to create overdue records, otherwise it will affect you from doing many important things in the future.

2. Do not apply for installment repayment. On the surface, he said that the interest (handling fee) is very low. In fact, the repayment method is based on the principle and equal interest. The interest rate for one year is also very high, basically around 16. Therefore, unless you are particularly urgent, it is not recommended to apply for installment business.

3. You must use it rationally

I would like to remind everyone that credit cards must be used rationally. They must be used rationally. If you can't control your impulse spending, it is recommended that you never touch a credit card. To play with credit cards, we only recommend people who have strong self-control and can strictly follow their own plans.

Credit cards are a double-edged sword. If you use it in conjunction with your monthly expenditure budget and planning, you can save yourself a lot of money. It's a good way to collect wool. However, if we cannot restrain our desire for consumption, it will cause us a lot of pressure in life. Although it satisfies the current consumer desire, it feels very good. But over time, it creates a huge liability.

So when using credit cards, you must be cautious and act within your means.

Finally, I recommend you to use a relatively easy-to-use APP. It is used to remind yourself of credit card repayments every month. 51 credit card manager.

I don’t know if any of you are like me. If you have too many credit cards, you always feel like you can’t remember the repayment date. I accidentally forgot to repay the loan. Repaying money is a trivial matter, but if it affects your credit record, it will be difficult to make up for it. Then I found this mobile APP. As long as you bind your credit card to it, it will automatically remind you when the payment is due every month, which is very convenient.

The legendary king of credit cards: Black Card! First class air tickets, buy one get one free at top hotels, is it true?

The legendary king of credit cards: Black Card! First class air tickets, buy one get one free at top hotels, is it true? What is a black card? Let’s take a look below! The black card is specially designed for those who want top services, including: top airlines, top shopping malls, top financial institutions, etc. Therefore, the black card we see is actually platinum

The second is the rights. If the black card customer buys air tickets, stays in hotels, travels abroad, enjoys top VIP services and other rights, he can enjoy them. Moreover, many cardholders do not know the rights and interests of black cards for black gold customers. For example, as mentioned above, when staying in a hotel abroad, you can also redeem points for hotels. Rights like this can be enjoyed with a black card.

Black cards are also divided into platinum cards and black cards. Applicants for a black card need to meet some basic requirements. For example: The applicant must be an internationally or domestically well-known enterprise or institution, and must also hold a credit card approved by the relevant international card organization.

The requirements for black card application mainly include the following aspects: 1. Be 18 years old or above or graduate from college (or equivalent to high school graduation); 2. Hold the card for half a year; 3. Use the card overseas for 3 consecutive months in the past 3 years. Consumption (or overseas travel); 4. Owning at least one overseas high-end travel vacation and high-end business reception agency; 5. Spending in at least one high-end hotel abroad for 3 consecutive months or more, or in the past 6 months; 6-end business reception The institution is a branch of the local government or enterprise; 7. Owns all the top brand service facilities of at least one internationally renowned high-quality luxury hotel group; 8. Holds more than 3 domestic international credit cards (including dual-currency credit cards), and has You can apply if you have spent a certain amount on all hotels under the corresponding domestic and overseas high-end hotel groups; 9. Hold 3 or more overseas platinum cards (including dual-currency credit cards).

Compared with ordinary credit cards, black cards have many advantages. The first is security. Special security features are set up on the black card. For example, cash, contraband, controlled knives, and firearms are not allowed in countries such as the United States, Europe, Canada, Japan, and South Korea. The second, of course, is payment security, since black card holders also have to pay high fees to obtain a certain degree of security. For example, black credit cards require the use of fingerprint scanning equipment for credit card payment and transaction confirmation procedures. Is this easy to understand? Black card holders also have fingerprint recognition equipment and card payment procedures.

How to upgrade from full-price economy class to first class? Upgrade before boarding or after boarding? Please explain the detailed process.

1. You can apply for an upgrade at the service desk, either before or after boarding the plane.

1. Ticket changes include changes (changes and upgrades to the same cabin class) and endorsements (changes to the airline you are traveling on); in principle, tickets with a discount of less than 30% cannot be changed or refunded. 40% off - 10% off corresponding handling fees will be charged according to regulations. Full-price tickets or first-class tickets can be changed at will, as long as there are tickets available for the changed flight.

2. If you are not sure which day to change to, you can always keep the flight ticket and change it. If the flight ticket is higher than the current price, the price difference will be made up. If the flight ticket is lower than the current ticket price, the airline will not make up the price difference. If the flight needs to be changed due to airline reasons, there are no restrictions. In addition, some airlines also have corresponding regulations for changes before and after 2 hours of departure, and after the flight has taken off.

2. Upgrade process:

1. First of all, your economy class cabin must allow for upgrade. Take Air China as an example. If you buy E class, no matter what you do, Cannot be upgraded.

2. Before checking in, you can call the airline customer service to apply for upgrades, credit card transfers or mileage. If you purchased it through an agent, you can contact the agent to apply for an upgrade, which also requires additional money.

3. Arrive at the airport and go to the check-in manager counter to apply for an upgrade.

4. The best thing is that you can also ask for an upgrade after getting on the plane, but you have to use miles to exchange it. If you are on good terms with the captain or flight attendant and they have first-class vacancies, you can It’s free to ride there, but no one knows.

5. The most outrageous upgrade I ever encountered was a fat black man whose economy class chair almost broke and couldn’t fit in. As a result, the Shandong Airlines flight attendant gave him a free upgrade. Went to first class and took a wide seat.

Extended information:

Reason for upgrade

1. The passenger wants to reschedule the original ticket, but the date he wants to change to is not lower or lower. They were in the same cabin and were forced to upgrade.

2. Passengers who voluntarily want to change to a higher class of cabin can voluntarily upgrade their cabin.

Classification of cabins

Aircrafts are generally divided into three categories: first class, business class and economy class. The fare for economy class is 100, first class is 150, and business class is 130.

Economy class seats are located from the middle to the tail of the plane, occupying three-quarters or more of the fuselage, and the seats are relatively tight.

First or business class is a great option for seniors, disabled people who have difficulty getting in and out of crowded seats or who can't wait in line to use the restroom, or for people who want to make travel more comfortable and affordable. Attractive.

The seats there are spacious, and passengers can play cards or spread out their documents on the table between the seats. Cocktails are free, the food is fancier, and champagne is available if you want it. Each flight attendant only takes care of 10 to 15 passengers, so every request of the passengers can be met almost immediately

China Airlines stipulates that on all routes: one piece of luggage can be checked for free and one carry-on is allowed Baggage, the weight of free checked baggage is 20 kg for economy class, 30 kg for business class, and 40 kg for first class.

Shanghai Airlines FM

Upgrades on Shanghai Airlines can only be made at the sales department or the airport to pay for the price difference. If there is no sales department or counter at the departure location, you can apply for a full refund for the upgrade.

Note: This upgrade policy is for reference only and is subject to the authority of the agent. Before upgrading, please consult customer service or submit a change application for review before processing.

Air China CA

1. Upgrade and exchange are subject to the authority of each agent. Before upgrading and exchange, please consult customer service or submit a change application for review before processing.

2. To make up for the upgrade, it is recommended to contact Air China to pay the difference with a credit card, or submit the upgrade to make up for the difference, which will be subject to the supplier's review.

Baidu Encyclopedia - Upgrade

Can CITIC Platinum Card holders sleep in first class?

Yes.

1. Airlines gold and silver card passengers: The gold card can bring one accompanying passenger to the first-class cabin to rest, while the silver card can only be used by the person himself.

2. Bank credit card (usually a platinum card): For example, if you open a joint credit card between CITIC Bank and Feichangzhun, you will receive a 1-year Feichang Gold Card membership and enjoy one point redemption for VIPs. Hall rights.

This concludes the introduction to credit card upgrades to first class and credit card upgrades. Have you found the information you need?