In today's society, the abuse of credit cards is more serious. If you don't use your credit card carefully, minutes will bring a lot of harm. Let's talk about the disadvantages of credit cards first.
1. Easy to blindly consume; When shopping with a credit card, you can't feel that you are saving money. You just think that if you want to swipe your card and return it, it will be troublesome if you don't return it. .
2. Excessive consumption; Credit card is to use next month's money in advance to let you develop. No matter what kind of mentality you have today, once you overdraw your credit card, your reputation will be affected and there will be pressure to pay back the money.
5. Affect personal credit records. If it is overdue for a long time, I am afraid that it will be difficult to buy a house loan in the future, and it will not be washed away for a lifetime, and there will be jail time.
Credit card is a kind of bank card, which is called debit card in the industry. With overdraft consumption, enjoy a certain period of interest-free period. Simply put, credit card is a simple loan service provided by banks to customers, and customers can overdraw their consumption by swiping their cards first and then repaying them.
Credit card limit: the bank should be based on the financial resources and status of credit card applicants.
What are the disadvantages of getting a credit card?
Advantages and disadvantages of applying for a credit card are:
Advantages of credit card: Compared with ordinary bank savings card, the most convenient way to use credit card is for ordinary consumption, and there is no cash in the card. In many cases, it is only necessary to return the consumption amount on time. Overdraft consumption does not require deposits. It is not only safe and convenient to swipe your card when shopping, but also an extra gift. Special merchants who hold cards in banks can enjoy preferential treatment.
Disadvantages of credit card: the invention of credit card is like a double-edged sword, which can solve the temporary economic crisis, but the purpose of issuing credit card is to make money. Once the interest-free repayment time is exceeded, high interest will be charged, usually five ten thousandths of interest per day. Develop the habit of blind consumption, leading to blind consumption and spending money like running water.
If the repayment cannot be made on time, the bank will charge high interest. Long-term malicious default will naturally affect personal credit records and even be blacklisted by banks.
What are the disadvantages of applying for a credit card?
First of all, the benefits of credit cards:
1. You can overdraw, and you can use your credit card to spend or withdraw cash when the funds are insufficient.
2. Enjoy the convenience of installment, and you can pay it back slowly in installments after large consumption.
3. It is convenient to travel and enjoy preferential treatment. At present, there are many kinds of credit cards, some of which have the function of taking the subway bus, some of which have discounts for booking air tickets and some of which are convenient for changing foreign exchange abroad.
4. Facilitate financial investment. The maximum interest-free period of a credit card is 56 days. During the interest-free period, users do not have to pay interest, and users can invest their own money.
5. points for goods. Generally, credit card spending has points, which can be used for shopping in the bank integral mall.
Second, the disadvantages of handling credit cards:
1. Credit information will be collected at the meeting after handling the credit card. Once the credit card is overdue, there will be overdue records on the credit information, which will affect the credit.
2. It will be stolen. If the credit card is stolen by others, it is easy to be stolen and cause losses to yourself.
3. Make your consumption irrational. When you use a credit card, you don't have to pay back the money immediately. If it is returned next month, it will easily lead to blind consumption.
Credit loan line
Credit limit refers to the maximum overdraft limit given to your credit card by the bank when approving your credit card. You can only use your credit card within this limit. If you exceed this limit, you can't use your credit card.
The credit limit is based on the information you fill in when applying for a credit card and the relevant supporting documents you provide. The main card and the supplementary card enjoy the same credit limit. Under normal circumstances, the RMB limit and the US dollar limit of dual-currency credit cards are interchangeable. For example, your limit is 30,000 RMB. If you use a card abroad, your credit limit is equivalent to about 5,000 US dollars.
The bank will adjust the credit limit regularly, but you can provide relevant financial proof on your own initiative and request to adjust the credit limit. In addition, when you need to get a higher credit line in a certain period of time when traveling abroad or moving, you can ask for a higher temporary credit line.
Market day
The date when the cardholder actually uses the card to conduct transactions.
Billing date
Also known as the entry date, it refers to the date when the issuing bank records the transaction amount in its credit card account or the date when the issuing bank records the relevant expenses in its credit card account according to the relevant agreement. The general billing date is the second day of the cardholder's actual consumption date. For example, if you shop on 65438+February 1, then the general accounting date is 65438+February 2.
Bookkeeping date
The billing date refers to the date when the issuing bank regularly summarizes the current transactions and expenses of the cardholder's credit card account, calculates the interest and calculates the amount payable by the cardholder in the current period.
Repayment date
The date when the cardholder actually repays the credit card account to the bank.
Interest-free repayment period
For non-cash transactions, the interest-free repayment period is from the bank bookkeeping date to the due repayment date. The shortest interest-free repayment period is 20 days and the longest is 56 days. During this period, as long as you pay off the current payable amount on the current statement, you don't have to pay any interest on non-cash transactions (you don't enjoy interest-free discount if you borrow cash in advance).
Due repayment date-the latest date stipulated by the issuing bank that the cardholder should repay the full repayment or the minimum repayment amount.
If you don't intend to continue using your credit card, you must cancel your account. If the account is not closed, the bank will charge an annual fee for the credit card.
If the card is not overdrawn, you can apply for account cancellation at any time.
If the card has not expired, you need to apply first, and then go to the bank to cancel the account after a certain period of time; If the card has expired and the account balance is zero, you can directly cancel the account at the designated bank outlet. When closing the account, you should bring your valid ID card and the original card. If it's not convenient for me to close the account, someone else can help you. The agent must hold the power of attorney written by the principal (himself) and bring the original valid identity certificate to handle the account cancellation business.
If your card has not expired when you cancel your credit card account, some banks stipulate that you need to go to the designated outlets to receive the card, and then go through the formal account cancellation procedures after a certain period of time (up to 30 days).
This is mainly because if the cardholder has done a manual card pressing transaction before closing the account, the cardholder will have closed the account before the merchant submits the card pressing form to the bank for entry, so that the bank will carry out liquidation; On the other hand, if the cardholder is in consumption abroad or withdraws cash, it may take several days to settle the account. If the account is closed immediately, it will also affect the normal liquidation of the bank.
This concludes the introduction of the disadvantages of handling credit cards and the disadvantages of handling credit cards. I wonder if you have found the information you need?