What are the benefits of a large credit card

It is a dream of many people to have a large credit card, which means that the credit card limit that cardholders can overdraw is also very high. Of course, in addition to the high amount, a large credit card has many benefits. However, I would like to remind you that credit cards are a double-edged sword, and too high a quota has both advantages and disadvantages. Let's take a look at it together.

what are the benefits of a large credit card?

1, temporary emergency, turnover Dont Ask For Help

If one day the emergency reserve fund is not enough, or the expected funds will be put in place after a delay, it may not be willing to borrow money from friends, and credit cards can be of great use. Especially for many people who do business, it can often play a role in offering timely help.

2. Privileges for customers with gold cards and above

Generally, cardholders with large credit cards are all customers with gold cards or above in banks, and they have the privileges of related cards, such as more favorable credit card points redemption than ordinary cards, airport express lanes, lounges, special merchant discounts, etc.

3. Symbol of status

Because banks are very strict about credit card approval and withdrawal, if you have a large credit card, it generally means that you have high income and good credit. As for some top credit cards, there are only a handful of people who can own them. Even if they have money, they may not apply for it, which is a symbol of dignity.

There are so many benefits of a large credit card, but do you really think that the larger the credit card amount, the better?

what I want to tell you here is that for some people, the higher the credit card limit is, the worse it is.

You know, when applying for a card, the issuing bank decides whether to approve the card according to the qualifications of the applicant and whether to approve the card from the initial quota; After the card is issued, the bank will adjust the credit card limit according to the cardholder's card usage. Therefore, the credit card limit can largely reflect the cardholder's economic ability and credit status.

for people with good consumption habits and self-control, large credit cards are more convenient to use; However, for the "pickpocket party" who has no self-control and can't control himself, a higher quota may mean being closer to the card slave.

Xiao Wang is a fresh meat in the workplace who has just worked for two years and has only used credit cards for more than one year. I wanted to buy an Apple notebook by stages last year, but I had to give it up because the quota was not enough. Slowly found that the use of notebooks is rare, and the books in college are enough to complete most simple work.

after using the card for one year, Xiao Wang's credit card limit has more than doubled. Not long ago, as soon as iphone7 was released, he saw that the issuing bank had interest-free installment preferential activities, so he couldn't resist the temptation and started one. It took a few days to find that it was not much different from iphone6, and he regretted his impulsive consumption.

I would like to remind you that credit cards are a double-edged sword, and reasonable use can bring convenience and benefits to our consumption; If we can't control our hands and spend blindly, credit cards may become our nightmare.

why do so many people like to withdraw money? what are the benefits of large credit cards?

At present, there is a saying about credit cards that if you use them, you can't control yourself, which will increase your consumption invisibly. Compared with cash payment, credit cards are easier to spend money and may become "card slaves". For this set of rhetoric, my opinion is that this is simply a fallacy, an excuse, and people who can't control their own spending are the same whether you use a credit card or not. Those who overspend will still overspend.

Now, besides credit cards, there are other things like Tenpay and Alipay, such as online payment and mobile payment, all of which don't handle cash, so don't use them? The key is to develop a good habit of using cards, spend moderately, repay on time, and stay away from the trap of using cards, which is a positive financial attitude.

Mr. A has always kept a good record of using his card. Last month, a bank called me and asked him if he wanted to borrow money. Of course, Mr. A doesn't need money for the time being, but Mr. A knows that if he wants to borrow it, the bank will definitely be willing to do so. If he wants to start a business, he can get a loan just by credit.

Therefore, upgrading the credit rating of personal banks is also to prepare for starting a business in the future. Do friends who don't have a credit card have the impulse to apply for a credit card? What about the low quota?

Then let's take a look at the advantages of a large credit card:

1. A credit line granted by the bank to the cardholder for overdraft, without bearing interest during the interest-free period. Credit card is more convenient than loan because it can be used for revolving credit and is interest-free. Therefore, people with frequent needs tend to hold large credit cards, such as people who do business. Credit cards have a low limit, so they are of little use when cardholders need money urgently. For frequent cardholders, the higher the credit card limit, the better.

2. Pay extra points for personal comprehensive credit. When handling loans and other businesses, the bank will judge your personal credit with reference to your existing loan situation and past repayment records. The high credit card limit under your name shows your personal financial situation and repayment ability, which will add points to the handling of some businesses.

so how to raise the amount in general?

1. Anyone who can spend by credit card will spend by credit card, which can at least improve the activity.

2. Repay on time, don't be overdue, and it's best not to make the minimum repayment. Often, the minimum repayment can't be raised.

3. Appropriate staging, so that banks can earn more money.

4. seize the opportunity to raise the amount. for example, when the consumption is large, you can directly call the customer service to ask for the amount.

Of course, there are many ways to increase the amount. As long as the card is used normally, it can meet the general daily use.

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Why do people like high-value credit cards? What are the benefits of high-value cards?

1. Be less indebted to others. When you are in urgent need of cash, you can avoid the embarrassment of borrowing money from relatives and friends!

2. Save money. Many credit cards and businesses have cooperation or promotion, such as cash rebate by swiping the card, or 5% or 2% discount on the designated date of brand catering or watching movies. In addition, credit card points can be redeemed for daily life gifts, which can never be spent in cash!

3. Convenient. Those with VISA or MasterCard logo on their credit cards can spend money by swiping their cards overseas, but cash or savings cards must be exchanged first. There are VIP lounges in high-speed railway station airport where credit cards are used for free reception, and credit cards also have the function of driving for free.

4. Relieve the economic pressure. If there is pressure to pay a large amount of consumption at one time, you can swipe your card, and then you can pay in installments, which is convenient for repayment.

5. Accumulate personal credit records, use more credit cards and repay on time, which can improve the credit limit and credibility. At the same time, the personal credit information database of China People's Bank has your good credit record, which makes it much easier to buy a house and a car loan in the future.

what are the advantages of a high credit card limit?

When you apply for a credit card, of course, the higher the limit, the better. Everyone wants to have a card with an overdraft of several hundred thousand yuan at a time, but everyone only cares about applying for a high-value credit card, but they don't know how to use it after it is done. Today, let's take a look at some benefits of a high credit card that everyone doesn't know.

no matter whether the credit limit is high or low, credit cards have a quite humanized measure, which is called interest-free period. As the name implies, this interest-free period means that you can enjoy the treatment of not paying interest during this specified period of time, with only a little overdraft, no interest, and the card is maxed out and no interest. Therefore, credit cards are more convenient than loans because they are not only interest-free, but also can be used for circulating credit. If people are often needed, large credit cards are essential.

some people will say, I don't do business, and I don't need such a large amount of money. That's true, but a high credit card is not just that. What are the benefits? We continue to look down.

The popularity of credit cards with high credit limit and interest-free period is due to the apparent high credit limit, but there is also a benefit that has been neglected, that is, it will improve personal credit and be a bonus item. Although the personal credit information in China is not so perfect at present, when making a loan, the bank will check everyone's current credit situation. If there is a high credit card in your name, it can prove your financial resources and repayment ability.

the more credit cards, the better, or the higher the limit, the better?

there is a saying that "the essence is concentrated"! So I think the higher the credit card limit, the better, and I don't think the more credit cards, the better.

The higher the credit card limit, the better. Reasons:

(1) A high credit card limit can facilitate your large consumption. If the credit card limit is not high, if you want to spend a lot of money by credit card, you can't spend it without this limit, so you can only spend more cards or stop spending, which has limitations.

(2) The higher the credit card limit, another advantage is that you don't have to keep so many credit cards. For example, each credit card only has a quota of 5, yuan, and I only need a credit card to have a quota of 5 million, and a credit card has a quota of 1. So the advantage is that the annual credit card fee is less, and a sum of money can be saved here.

Credit cards are not getting better and better:

(1) The more credit cards you have, the more annual fees you pay to the bank every year. All credit cards need annual fees. Ten cards are 1 annual fees, and one card only pays one annual fee. This is the main reason why the more credit cards, the worse.

(2) The more credit cards there are, the more difficult it is to keep them. If a person has more than a dozen credit cards, in case one or two credit cards are lost and there is still money in them. If you don't remember the repayment after losing your card, it's not a disaster for yourself. This is the biggest drawback.

(3) The more credit cards you have, the more dizzy you will be. You have to think about it every day. This credit card will have to be repaid, so the credit card will have to be repaid. You have to think about it in your mind every day, making yourself live in the credit card every day, and life is very tired. If there is a credit card, everyone knows when to return it, and one card is done.

based on the above analysis, I definitely think that the higher the credit card, the better, and I don't think that the more the credit card, the better.

to put it bluntly, whether it is a large quantity or a high quota, each has its own advantages and disadvantages. Anyway, the best thing is not to touch the credit card and not to get into the habit of overdraft consumption. This is the best way.

after reading the praise, I am rich. Thank you for reading and paying attention.

SB only uses credit cards. When it has money to repay, it contributes interest to the bank every month. When it has no money to repay, it is bombarded by the bank's various collections every day, even facing jail.

not the more credit cards you have, the better.

First of all, there are too many cards to manage. Every card has an annual fee, and their final repayment date is different. You should always remember and return them in time. If you don't pay attention to it, you will lose more than you gain.

when one of the multiple credit cards is overdue, the bank will think that the cardholder's repayment ability is declining, and will start to carry out risk control on you to reduce the risk, and your other credit cards may be downgraded. Then the total credit line granted by the bank will also decrease.

Secondly, there are too many cards, and there is a great possibility of being stolen. We use different cards on different occasions, which undoubtedly increases the chance that the card information will be stolen by criminals. Once the password is leaked, and we are used to setting the same password, it may eventually lead to other cards being stolen.

If there are too many cards, the credit limit will be reduced, because the bank thinks that you must be short of money with so many cards, so in order to avoid risks, it will appropriately reduce the credit card or loan limit.

if you hold a single large credit card, it will obviously be much more convenient to manage, and there will be no such thing as forgetting to pay back.

However, it is very difficult to apply for a large credit card. The cardholder must have sufficient qualifications, including your assets, work, income and so on, which are much higher than the requirements for applying for a normal credit card. Therefore, this also reflects the identity characteristics of cardholders from the side. In addition, large credit cards can enjoy a variety of rights and interests.

from these points of view, it is better to have a large credit card. But it also tests the consumer psychology of our cardholders.

I want to overspend if I can't keep it. I once wanted to buy a gold necklace, but as a result, I bought a diamond because I had a quota ...

Secondly, it was the problem of being stolen. Once the quota was too high, the economic loss was immeasurable.

And if we really need to buy big items, we can increase the temporary quota first.

So I think the quota should not be too high, just enough.

To use a credit card is to use a good card, not multiple cards. That is to say, as long as you can use several credit cards, the credit limit will continue to increase, which is much stronger than using more than a dozen credit cards, because it is related to your card management and credit problems, and more importantly, the credit card has a high credit limit and many functions in the later period.

Many people have an idea that the more credit cards, the better. In fact, this kind of borrowing tool is not necessarily a good thing, because a credit card with a credit limit of 1, is better than 1 credit cards. This is because you have a high credit card, which at least proves that your spending power and qualifications are good. If you have more cards, it is a few thousand, and your qualifications are very average.

1. The problem of multiple cards.

If there are too many cards, the management is very troublesome. Each card has only a few thousand credits. Once you forget to repay on time after spending, one card will be overdue, which will affect your credit investigation. Maybe it's just that an individual forgets to repay a certain card fee, not that he doesn't want to pay it back, but it's also the trouble of spending more cards and more cards. A low credit limit is not necessarily a good thing.

in addition, if you want to withdraw the amount of each card, it will lead to the slow withdrawal of the card, which is not only inconvenient to manage, but also difficult to issue a card with a high amount of funds for multi-card consumption, unless each card is a platinum card. Every time you carry so many cards, it looks like multiple cards, but in fact, the amount is very low, which is of little significance except for consumption.

2. Benefits of high-value cards.

The high credit limit of the card shows that the bank recognizes you. At least with this card, you can solve the problem once you need funds urgently in the later period. Small credit and multiple cards will definitely not solve the problem of urgently needed funds, and it is just consumption. Generally, one card is enough for each important bank, which is also easy to manage. Just a few cards will not forget to pay back after consumption.

More importantly, a high quota means high credit and qualification. Centralized consumption not only raises the quota quickly, but also is more convenient when needed than borrowing everywhere.

Therefore, the credit card is not the number, but the amount of the card. If there are more cards and the consumption frequency is too frequent, the bank will think that you are short of money, and it will be troublesome to get a loan from the bank later.

The more credit cards, the better. The higher the credit limit, the better. If there are 2 credit cards, each credit card is only 1, yuan, which is far less useful than a credit card with 2, yuan. This lies in the fact that credit cards are limited in consumption, and there are many uses for high credit cards.

if there are more credit cards, it is easy to use credit cards to spend money while it is inconvenient to manage, which may lead to negligence in repaying funds in the later stage, resulting in the risk of overdue payment of funds in one credit card. Once overdue, it will also affect the use of other credit cards.