Credit cards are like a double-edged sword. The advantage is that they can solve temporary economic crises. The disadvantage is that the purpose of banks issuing credit cards is to make money. Once the interest-free repayment time is exceeded, high interest will be charged, usually 0.05% per day.

The specific benefits are as follows: .

1. You can make overdraft consumption without deposit, and you can enjoy an interest-free period of 20-56 days. 2. Swiping your card when shopping is not only safe and convenient, but also provides points for gifts.

3. The holder can enjoy discounts when spending at the bank’s designated merchants.

4. Accumulate personal credit and add integrity records to your credit file, which will benefit you throughout your life.

5. Spend by swiping your card, collect existing points with some credit cards, and enjoy various discounts and lucky draws throughout the year.

6. Free monthly mailing statements, transparent control of every consumption expenditure. Disadvantages of credit cards:

Disadvantages:

1. Blind consumption. Swiping a card is not like paying with cash - just use one banknote to spend it, which can easily lead to blind consumption and spend money like water.

2. Excessive consumption. Laptop installment, digital camera installment, smartphone installment, while enjoying your favorite items in advance, you also have to consider whether you are able to repay them. .

3. High interest. If you don't know how to take care of your credit card and cannot repay as scheduled when the final payment date comes, the bank will charge high interest.

4. Pay the annual fee. Credit cards basically have annual fees, but they basically have annual fee-free policies. For example, CCB only needs to swipe the card three times a year to be exempted; however, once the number of swipes reaches the number specified by the bank, an annual fee will be charged.

5. Stealing. Credit cards basically require password-free swiping by default. This makes it easy for someone else to swipe your card if it is lost, causing unnecessary trouble or losses.

1. Which credit card or Huabei is more cost-effective? Which credit card or Huabei is more worth it?

Now for young people, WeChat has Weilidai, Alipay has Huabei and Jiebei. Jingdong has IOUs, and credit cards are not necessary for them. Is it really unnecessary to apply for a credit card compared to Huabei Borebei? Let’s analyze it from several aspects first

1 Scope of use

QR code payment is used in most of the country It can be used in many shops in the city. As long as you can scan the code to pay, you can use the QR code.

Nowadays, various banks also encourage users to bind their credit cards to Alipay or WeChat, so credit cards can be used wherever Huabei is available.

The coverage of credit cards in China is slightly less.

But abroad, credit cards can be used not only in big cities, but also in small countries. As long as there is a UnionPay logo, you can use a credit card. QR code payment can only be used in large shopping malls in some big cities.

So when going abroad, you will feel more at ease if you have a credit card.

2 Usage Quota

The Huabei quota can reach 10,000-20,000, which is already very high.

For credit cards, the limit is only RMB 10,000 to RMB 20,000, and the credit card also has a certain cash withdrawal limit. This function can also be used overseas. At this time, credit cards can help, but Huabei may not be able to help.

3 Promotional Activities

The Huabei activity is to scan red envelopes, or get discounts if you use more.

Credit cards cover all aspects of food, clothing, housing and transportation. You can also choose credit cards with different types of needs. Choosing the right credit card offers unexpected benefits.

4 Credit report

The most important impact of using a credit card is your credit record.

The impact of credit records involves car loans, housing loans, etc. Compared with a person with a good credit record and a person with no credit record, good credit can make the loan disbursement faster, which is also the unique value of a credit card.

So, this is enough to show that it is more necessary to apply for a credit card.