Recommendation 1: No more than three personal cards.
White-collar Xiaofeng is a standard "moonlight clan". When she was in college, the bank went to the school to apply for a credit card and got one. Now, after working for three years, Xiaofeng's credit card limit has increased to 1 10,000 yuan. However, what is inconsistent with the credit card consumption limit is that Xiao Feng's monthly salary is only 3,000 yuan. Xiao Feng, who loves shopping, is unambiguous when using credit cards, but as the repayment date approaches, he begins to worry. At the suggestion of a friend, Xiaofeng set up another credit card. Originally, she wanted to use the new credit card to reduce the "deficit" on the credit card, but she did not expect to stimulate her unlimited consumption. Free pos machine, Wei Xin finally got five cards in a row, but in this way, Xiao Feng was completely confused by the billing date and repayment date.
Xue Tao, a financial planner at Bank of Communications Development Zone Sub-branch, suggested that individuals should not hold more than three credit cards at most. "General consumption rarely really uses more than three credit cards. It seems that you have to repay each other by credit card, but in fact, you have to bear the repayment yourself. Moreover, each credit card has a password, billing date and repayment date, and too many credit cards are easily confused. " Xue Tao said.
Recommendation 2: Repay the compound interest generated by cash withdrawal quickly.
Mr. Wang, a citizen, once had no cash on hand and used his credit card to withdraw 1 0,000 yuan for urgent need. Afterwards, he forgot about it. After a while, he had a lot of interest to pay back when he checked the bill. This makes Mr. Wang somewhat puzzling. After carefully asking the bank staff, I realized that it was because the credit card was not repaid in time, and compound interest generated high interest.
Xue Tao explained that compound interest is "rolling interest" as the saying goes. "For example, in our bank, the interest on a single withdrawal is five ten thousandths. Because it is compound interest, the interest on the second day is five ten thousandths of the sum of the principal and interest on the first day. If this is accumulated, the interest will be high. This is a series of relationships. " Therefore, Xue Tao advised consumers, "Try not to withdraw cash by credit card. If cash is withdrawn due to an emergency, it should be repaid as soon as possible afterwards to avoid high interest. "
Suggestion 3: swipe your card after the bill date to generate next month's bill.
When using a credit card, the most important thing is the interest-free period. The reporter learned that the average bank is as short as 25 days and as long as 58 days, but this only refers to the longest interest-free period. There are tricks to how to use nature flexibly. Xue Tao said, "Credit cards have a billing date and a repayment date. The billing date is the end date of each month. For example, if your bill date is 1, then the bill for each period will be calculated from 1 this month to 1 next month, and all the consumption during this period will be recorded in the bill for next month. The repayment date is the day after the bill date, which is the day when you finally need to repay. As long as all the bills are paid off before this day, you don't have to worry about high interest rates. "
Xue Tao explained, "For example, the monthly billing date of your credit card is 10, and the repayment date is 26th. If your credit card was spent on the 9th of this month and you need to repay it on the 26th of this month, the actual interest-free period is only ten days. And if you swipe your card this month 10, you will not be able to generate a bill until next month 10, and you will not need to repay it until the 26th of next month.
Recommendation 4: Try to swipe your card within the maximum consumption limit.
"I advise consumers to use credit cards as long as they don't exceed the quota when shopping in the mall." Xue Tao said that credit card consumption can increase points, and when the points accumulate to a certain amount, they can be exchanged for gifts. "More credit cards can also enhance the loyalty of cardholders. When banks introduce preferential policies, they will give priority to customers with high loyalty and invite cardholders to enjoy preferential policies. " In addition, when consumers use credit cards to make large one-time consumption, they can divide the consumption amount into several months on average to repay it without paying any extra interest.
Suggestion 5: If you can't repay in time, you can call customer service to apply for an extension.
Some people can't repay in time on the repayment date because of busy work and other reasons, resulting in interest. Xue Tao said, in fact, in this case, you can call customer service and explain the reasons for applying for deferred repayment. "Deferred repayment can only be postponed for two days from the repayment date, but deferred repayment can only be used in emergencies, and multiple applications will also affect credit."