If you don’t want to owe too much, just one is enough to avoid the trouble caused by credit cards. Why?

In fact, you can apply for an overdraft limit with a credit card. As long as you have a good credit record, the credit overdraft limit can be continuously increased.

In addition, credit cards have annual fees, and you have to swipe the card at least 6 times a year to be exempt from the annual fee. Two cards is a bit troublesome.

Tear down the east wall to make up for the west wall? It simply cannot be done. There are only two ways to use a credit card; 1. Withdraw cash; 2. Spend with a credit card.

For the first method, the interest is calculated on the day when the cash is withdrawn. The daily interest rate is 0.5%, which is 18% in a year. You can only withdraw one-third of your credit card overdraft limit. For example, if your credit rating is 3,000 yuan, you can only withdraw 1,000 yuan in cash, and a handling fee of at least 1% will be charged for cash withdrawals. For this kind of withdrawal, the bank will demand the payment very quickly, usually within a month at most. There is no interest-free period for cash withdrawals.

The second method, swiping a card for consumption, has a certain interest-free period, which generally does not exceed 50 days and is at least 30 days. Beyond this period, a daily interest rate of 0.5% will be charged, and there will be a late payment fee. .

After reading the above, you should know it.

My suggestion: If you don’t have cash temporarily, you can use a credit card, because there is an interest-free period of dozens of days for using the card, so you can just pay off the money during this interest-free period.

Also, if you have that much money, you can also use your credit card first and use your remaining money to buy money market funds (no handling fees, the income is equivalent to that of a year, and you can redeem it at any time), free of charge When the interest period is about to expire, you can redeem the money fund, so that you can get a small amount of interest.

If you invest in other investments, such as bonds, stocks, etc., the risk is high and you may lose money.

Hope it helps!