The first time I came into contact with a credit card was in 2012. At that time, I had no knowledge of credit cards. I met Shanghai Pudong Development Bank to apply for a card at the entrance of Wal-Mart by chance. I applied for the card on the recommendation of the salesperson, filled in my personal information and work information, and the card was sent to the company where I worked in about a week. I think the limit was 2,500.

In fact, I didn’t have many opportunities to use credit cards in the future. When I activated the card at a CITIC store near my home, I only briefly understood the issues of using the card and repaying it. Later, I swiped the card a few times, but couldn't withdraw cash. In fact, I still didn't dare to spend too much. After all, my income was not high at that time, about 3,000, and the card limit was not high, so I called directly to cancel the card.

I applied for a Bank of Communications credit card with Daliao, with a limit of 1.50,000

I changed my job in 2013, and it was a subsidiary of a state-owned enterprise. The salary and benefits were comprehensively improved. Our salary Both the credit card and the provident fund card were used by the Bank of Communications. Later, the salesperson came to ask if I wanted to apply for a Bank of Communications credit card. He said that there was no need to fill in the card application information and the process was relatively simple.

Many colleagues have applied for it, so I followed suit and applied for one. The card was sent directly to the company. This time, the limit of the card has made a qualitative leap. The limit is 1.50,000. This card gives It brings a lot of convenience to my life. This card can basically satisfy my daily shopping expenses, such as computers, mobile phones, major appliances at home... I basically don’t need a debit card and use credit cards directly for purchases.

I failed to raise the limit, but my card was cancelled

In 2014, I thought my job was stable, but the company was really far away from home, so I thought about buying a second-hand car. At that time, I thought the price of the car was around 50,000, but I couldn't get the money for it at the moment, so I was thinking about using a credit card. Anyway, I would spend it first and then pay it back.

Unfortunately, things did not go as planned. I called the bank and asked to increase the limit. Unexpectedly, the customer service told me that the limit increase from Bank of Communications was automatically done by the system and that the limit cannot be increased manually. Regarding this, I checked on the Internet and everyone said that Bank of Communications is a tough guy and it’s rare to raise your credit limit. But there is a way to try. You can threaten the customer service and tell them to cancel the card if you don’t raise the credit limit. You can also raise my limit. Both the salary card and the provident fund card are from the bank, and my income has been very stable. However, I didn't expect that it still didn't work after talking so much. The customer service was also very domineering and canceled the card for me directly.

The beginning of becoming a card slave, using credit cards to enter the stock market

So far, the conveniences that credit cards have brought to me are real and have become indispensable in life. Partly, but things changed from the end of 2014 to the beginning of 2015. At that time, the stock market was doing very well and everyone said that the bull market was coming. At that time, friends and colleagues around me were discussing the stock market, and the circle of friends was also about the stock market.

People always want to try when they see a profit. I followed my friends and put all my little savings into the stock market. Although I had never been exposed to stocks, I hoped to make a profit. . This is also the beginning of my becoming a light truck slave. As for why I am called a light truck slave, it is because I don’t owe more than 20,000 yuan in debt.

At that time, all my salary was invested in the stock market, but I didn’t expect that the stock market crash would come. In June, thousands of stocks fell to the limit. It has become a leek-cutting pattern, and almost no one is immune. I lost about 30% at that time. My friend advised me that it would rebound later, and if I wanted to turn losses into profits and make money, I had to cover my position. There was leveraged financing at that time, but my funds did not meet the allocation requirements, so I used a TX credit card for 10,000 yuan to get it. It was also my first TX, but things did not get better. Later, the stock market plummeted, and I cleared my allocation and leverage, and again Limit down.

Gambler's mentality is at work, I lost 70,000 yuan in the stock market

At the end of 2015, I lost about 20,000 yuan of my savings and credit card money, which is not a lot, and I have almost no debt. But because I was unwilling to give in, I had a gambler’s mentality. I wanted to make more when I made money, and I wanted to recoup my losses when I lost. I always thought I could make a lot of money, and then continue to invest money in the stock market. The money still came from credit cards. At that time, It got deeper and deeper.

I lost about 50,000 yuan in the whole year of 2016, and all the money on my credit card was paid back with card. I quit my job because of some things, and my income dropped a lot. Later, I spent a lot of money on home decoration, about 20,000 yuan.

In 2017, I saw the stock market clearly, took out all the remaining money, and lost a small 70,000 yuan in one ***. All these debts are within the range that I can bear. Then I found a job with a monthly income of about 8k. The total income is not very high. In addition, my friend’s work is not going very well, so I plan to start a company together and start planning in August. , the site was selected for decoration and purchase in September, and the business was registered in October to date. The preliminary decoration purchase and rent are all from credit cards, including normal operating funds and employee wages.

Now the company's operations have become stable. At the highest time, it can have a net profit of about 80,000, and there is no loss. At the worst time, it can reach a net profit of about break-even. I usually spend money sparingly. Although I still have some debts, I am close to landing. I still have about 20,000 cash on hand. I believe I will be able to land successfully in a short time.

That’s all for today’s story of Mr. D. Fortunately, he finally came to his senses.

Kajiu hereby advises cardholders to use their cards rationally. Many cardholders are stuck in the quagmire because of irrational use of their cards. Online loans and installment loans with high interest rates must not be used unless absolutely necessary. Use them. It will only increase your debt, and when you have no financial resources, it will only be a vicious cycle, and you will owe more and more. Don’t be afraid if you are in debt. Using some of your funds to start a business is more likely to land you than speculating.