Some shopping by installment shows that there is no interest, but there will be an installment fee. The annualized interest rate when the credit card installment fee is converted into time is actually very high. Cardholders should never ignore this cost. And the actual price of the goods you buy by installment is higher than the price you buy online or elsewhere. So it's not cost-effective to shop by installment often.

2. Avoid having too many dormant cards and not using them for a long time

If you leave your credit card idle for a long time, on the one hand, it will generate unnecessary annual fees, on the other hand, the bank may reduce the amount or even close the card.

3. Avoid the habitual minimum repayment

4. Avoid excessive credit card spending

A credit card is a credit line granted by the bank to cardholders for credit card spending, but after the interest-free period, you have to pay back the overdraft line, otherwise, interest and other expenses will be incurred. Cardholders must make reasonable credit card spending according to their own actual situation. Your excessive credit card spending is due to.

5: Avoid withdrawing cash by credit card

It is also a very bad habit to withdraw cash by credit card frequently. Credit cards are mainly used for consumption, and banks can earn transaction fees by swiping their cards, which are borne by merchants, so banks encourage cardholders to swipe their cards for consumption. However, if you withdraw cash by credit card, because it doesn't involve merchants, it only involves banks and cardholders, and banks can only get income from cardholders. Therefore, banks will charge cardholders a handling fee for withdrawal, which is generally about .5% to 3% of the withdrawal amount. In addition, credit card withdrawal does not enjoy an interest-free period, and interest will be calculated at a daily interest rate of .5% from the day you withdraw cash or the next day, in fact, .5%.