The following examples are for reference:

Credit cards can also make money cleverly

Mr. Ji cleverly used the characteristics of credit cards and money market funds to make a little fortune. He took advantage of the interest-free period of up to one month on his credit card. After receiving his salary, he did not rush to repay or save money. Instead, he bought money market funds and then used his credit card to make all purchases during the interest-free period. I waited until two days before the end of the credit card's interest-free period before redeeming the money market fund to repay the loan.

“On the one hand, I earned about 0.2% monthly income from money market funds, and also earned a lot of credit card points, which I exchanged for gifts such as Haagen-Dazs vouchers and stuffed toys. "It's cost-effective." Mr. Ji said that now some fund companies have begun to jointly issue credit cards with banks, and money market funds can be set to be automatically redeemed and transferred to credit card repayment accounts on fixed dates, making such "arbitrage" behavior more convenient.

In fact, such "arbitrage" behavior is also accompanied by risks that will be faced if the repayment cannot be made in time during the interest-free repayment period. Therefore, Mr. Ji chose money market funds, a relatively stable investment type. After all, this method has certain risks and needs to be done with caution.

Choose the credit card that best suits you

Mr. Fan is the director of the marketing department of a private enterprise. Due to work reasons, he needs to be a "flying man" to explore new markets across the country. , I often fly from one city to another, and sometimes I am so busy that I can only rest at home for a few days a month.

As a trapeze artist, the most important thing is to buy air tickets. The boss is stingy and stipulates that you can only fly in economy class, and you must buy discounted tickets. But when you go to agencies of all sizes, you can often find overnight air tickets, or round-trip tickets that must be returned within half a day. There are policies from above and countermeasures from below. Mr. Fan got a credit card jointly issued with an airline, so that he can accumulate miles when traveling on business and earn a lot of free air tickets. At the same time, he also enjoys preferential accommodation at the hotel, and can easily swipe his card to communicate with customers and negotiate business. It really serves multiple purposes.

In the final analysis, credit cards exist to encourage consumption. As long as you have the intention to operate credit cards as a financial management business, you will be full of knowledge and experience.