How to use your credit card wisely and make it one of your financial management tools? You might as well try these 7 methods

First, you can waive the annual fee by swiping your card more often. The annual fee of 150 yuan or 300 yuan charged by a credit card often feels like an excessive additional expense to cardholders. It seems that getting a credit card is not cost-effective. However, in the current domestic credit card market, major banks have launched preferential policies that waive the annual fee if you swipe the card a certain number of times in a year. In this way, in fact, in China, the ownership and use of credit cards is basically free.

Second, learn to calculate and use the interest-free period. You can generally enjoy a 5060-day interest-free period with a credit card (different banks), which is the most attractive thing about credit cards. The interest-free period refers to the time between the loan date (that is, the bank accounting date) and the due repayment date. Because cardholders swipe their cards in order of time, the interest-free period they enjoy may vary. The 5060-day interest-free period we mentioned above refers to the longest interest-free period. To give a simple example, for example, the bank statement date of one of my credit cards is the 20th of each month, and the due repayment date is the 15th of each month. So, if I make a payment with my card on the 20th of this month and repay it on the 15th of the next month, I will enjoy a 25-day interest-free period; but if I make a payment with my card on the 21st of this month, I will pay it back one month later. If you repay the loan within 15 days, you will enjoy a 55-day interest-free period. And during these 55 days, I was enjoying an interest-free loan.

Credit cards have a 2,050-day interest-free period, and you will receive double points when you swipe your card during holidays, and there are no handling fees for out-of-town purchases. First, it’s affordable. Generally, credit cards have programs where points can be exchanged for gifts. Last year, our family received a one-year insurance policy for the whole family. This part of the money used for repayment can also be used to purchase short-term financial products. It's just an idea, someone did it. The method is to buy short-term bonds and pay them back after redemption. Second, safety. There are no handling fees when traveling to other places, and you don’t need to bring large amounts of cash with you. It’s safe. Third, convenience. What to do if you don’t have enough money for shopping abroad? Make full use of your credit card’s overdraft limit.

Third, enjoy the value-added services of your credit card. At present, domestic credit cards are still in the promotion period, and major banks are making surprise attempts to attract credit card users. Cardholders can make good use of the various promotional methods offered by banks and enjoy them to their fullest. There are no separate notifications for bank credit card promotions, they are all sent to cardholders along with their monthly statements. When you receive a statement in the mail, don't throw it away; take a few minutes to read it carefully. You can also log in to the bank website of the credit card you hold to get a more comprehensive understanding of the merchants at which your credit card can enjoy special discounts.

Generally speaking, the current credit card promotion methods include points exchange for gifts, special discounts for contracted merchants, card draws, continuous card swiping to get big gifts, merchant co-branded card special offers, etc. It should be said that using a credit card is more economical and more favorable than using cash. One yuan spent with a card is definitely much more valuable than one yuan spent with cash.

Fourth, credit cards are a good helper for business travel. People who travel frequently or like to travel will be more fond of credit cards. I am accustomed to using my credit card to book air tickets through major travel websites. The procedure is simple and you can enjoy interest-free discounts. What's more, it also avoids the trouble of carrying large amounts of cash when traveling. In addition, there is no handling fee when using credit cards in other places. There was a time when I was working in Beijing. For daily consumption, I swiped cards wherever I could, which saved the handling fees for withdrawing cash from other places.

Fifth, use credit cards to manage finances. We are familiar with using credit cards for consumption, but we don’t know that credit cards can also be used for investment and financial management. Funds have become very popular in recent years, but many people suffer from lack of funds and don’t know where to start. In fact, credit card holders can also purchase funds at regular fixed amounts through their credit cards, and enjoy the benefits of post-investment payment and bonus points. Use your card to buy funds on the fund deduction day and pay on the settlement day. Not only can you earn interest, but you can also earn rewards with zero payment. However, it must be noted that this kind of borrowed money investment is also very risky and is not suitable for long-term investment.

Sixth, be self-disciplined in your card use.

The interest on defaulted credit card charges is very high, so it is important to be disciplined about your card usage. Various credit cards have different terms, but some cards only require you to pay off the balance within 25 days after the monthly billing date. Therefore, if you consume on the first day of the accounting month, you can get an interest-free loan for 4056 days. The specific number of days depends on the terms of the credit card.

If you have a decent income, you may not be too concerned about saving money on credit cards, but it's still useful to be aware of these issues. To avoid getting stuck in debt due to overuse of credit cards, here are some important things to note:

Although you can withdraw cash with a credit card, the fees are generally quite high (can be as high as 3% of the withdrawal amount). If you need cash, withdraw it from the bank in the normal way.

Ideally, you would pay off your loan as soon as possible after receiving your monthly bill each time.

If you occasionally fail to pay off your loan, remember that you will be charged high interest rates.

The minimum payment marked on your monthly bill must be paid, otherwise you will be charged a high late payment fee, which will be deducted directly from your credit limit.

If you continue to make purchases with your credit card when your credit limit is maxed out, you no longer have a grace period and must pay off the interest.

Seventh, ensure the security of credit cards. Credit card crime is on the rise, so you must guard your credit cards as carefully as you would your cash. You must check your monthly bill and compare the consumption items on it with the receipt in your hand to ensure that the amount debited is indeed your own consumption.

Basic skills in credit card financial management!

Nowadays, credit card, as a convenient payment tool, has been accepted and loved by more and more people. Not only that, credit cards can also be used as financial management tools to give full play to financial management tools. Today I will tell you about the basic skills of credit card financial management.

When it comes to financial management, the most basic skill is to save money. Saving all the expenses that can be saved in life is a kind of financial management. So how can you save money with a credit card?

1. Enjoy discounts and get cash back on purchases

The most basic benefit of a credit card is that you can enjoy discounts when spending at designated merchants, as well as cash back, multiple points and other discounts.

2. Enjoy discounts when booking hotels

Some banks have discounts on hotel bookings, including one night for free, two-for-one stay, or 10 cash back, etc. This all requires friends to thoroughly research the credit cards they hold.

3. Free airport transfer

Airport transfer is convenient and time-saving. The key is to avoid the trouble of waiting for the bus after traveling. Taking Industrial Bank's credit card as an example, designated credit card holders/customers of Industrial Bank can enjoy exclusive limousine pick-up and drop-off services in designated areas of designated cities with designated credit cards or other designated cards/certificates of Industrial Bank. The limousine is awesome.

4. Insurance

1) Enjoy aviation accident insurance

When you buy a ticket, there will be insurance included in the total cost, usually 20 yuan. The 20 yuan air ticket insurance premium belongs to aviation accident insurance. Since it is commercial insurance, it is not mandatory and can be purchased according to personal wishes.

However, many people rarely check this option. There are also some friends who will purchase comprehensive aviation insurance with large insurance coverage on the official website or Taobao Insurance. However, there is no better way to save money than to use a credit card with value-added aviation insurance to pay for air tickets and enjoy the accompanying protection.

Take CITIC iBai as an example, 15 million aviation accident insurance. Of course, various banks have similar aviation accident insurance services. Friends may wish to learn about the services of the cards they hold.

2) Baggage delay and flight delay protection

A flight expert once joked that the compensation received from each flight delay insurance is enough to pay for the flight. He was talking about CITIC at the time of a certain credit card. The compensation amount of flight delay insurance. Some credit cards will determine the specific amount based on the length of flight delay, while some credit cards will provide a fixed amount.

Take the CITIC Platinum Card as an example: it enjoys 1,000 yuan flight delay insurance for 2 hours

5. Other additional functions

Of course, credit cards also have other preferential services, such as Roadside assistance, medical examinations, dental care, women's care, golf services, etc.

Practical! Complete Guide to Credit Card Financial Management

I don’t know if you are familiar with credit card financial management, but for some experienced cardholders, credit card financial management is a matter of course, and some people have made a lot of money from it. Today, I will introduce to you some credit card financial management strategies for your reference.

One of the credit card financial management strategies: Master the skills of applying for cards

The more credit cards the better, once there are too many, it is easy to have management confusion and misunderstandings about the repayment date and credit limit of the card. , consumption limit, etc., resulting in overdue repayment and leaving a bad credit record. Generally speaking, 2 to 3 credit cards are enough to meet your basic needs.

Credit Card Financial Management Strategy 2: Master the Skills of Using Cards

Sooner or later, credit card overdrafts will have to be repaid, so when using credit cards, you must first have a correct attitude and do not regard the credit card as your "own" "Backer", the overdraft limit is generally less than the salary level. In addition, during use, try not to use credit cards to withdraw cash or make installment payments, as the cost of doing so is too high.

Credit card financial management strategy No. 3: Investment skills

Credit cards have a maximum interest-free period of about 50 days. If used properly, credit cards can be used to invest and benefit. Assuming you have two credit cards in your hand, it is a good choice to set different settlement dates to extend the repayment time, use credit cards to make some short-term investments, and invest in financial products with flexible periods. However, the prerequisite for this is that your credit card's available limit reaches a certain amount and you can repay it on time.

Credit card financial management strategy No. 4: Tips for saving money

At the same time, pay attention to credit card repayments. Repaying on time will not incur late fees and interest. These credit card financial management tips are for everyone. refer to.

That’s it for the introduction of credit card investment and financial management.