Advantages
1. Compared with ordinary bank savings cards, the most convenient way to use a credit card is to make ordinary consumption without cash in the card. In many cases, it is only necessary to return the amount of consumption on time.
2. You can overdraw your consumption without deposit, and you can enjoy an interest-free period of 2-56 days to repay the interest on time without any charge (most banks will charge .5% interest on the day of cash withdrawal, and there is a 2% handling fee, while ICBC will charge no handling fee and only interest).
3. swiping your card while shopping is not only safe and convenient, but also a bonus gift.
4. special merchants who hold cards in banks can enjoy discounts.
5. Accumulate personal credit and add credit records to your credit file, which will benefit you for life.
6. Access to the whole country is barrier-free, and you can withdraw money or swipe your card at ATMs and POS machines with UnionPay logo; (Remarks: Credit cards are only suitable for spending credit cards, and it is best not to withdraw cash, which is very expensive and uneconomical)
7. Credit card spending, some credit cards taking existing points, and various discounts and lottery activities throughout the year will make you feel surprised at all times as long as you use the card; (Most credit cards have no points for online payment, but online shopping payment is very convenient and fast.)
8. Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (environmental protection is advocated now, and the paper statement can be changed to electronic statement.)
9. Unique supplementary card function, suitable for husband and wife to manage money together, or to master their children's financial expenditure.
1. The free choice of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.
11. 4 telephone or 5-digit short number with the prefix of 9 provides 24-hour service, and the loss will take effect immediately, with zero risk of card loss.
12. Validity period: It is known that the validity period of domestic credit cards is generally three or five years.
13. Use the third-party platform (the domestic platform supporting credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services for cardholders.
Disadvantages
1. The invention of credit card is like a double-edged sword, which can solve the temporary economic crisis. However, the purpose of issuing credit card is to make money. Once the interest-free repayment time is exceeded, it will charge high interest, usually five ten thousandths of the daily interest.
2. Blind consumption by swiping the card is not like paying cash, which means you spend money one by one. When you swipe it, you feel nothing. A few figures lead to blind consumption and spend money like water.
3. Over-consumption of notebooks, digital cameras and smart phones should be phased in. While enjoying your favorite items in advance, you should also consider whether you can repay them.
4. High interest. If you can't handle your credit card, and you can't repay it as scheduled when the final repayment date comes, the bank will charge you high interest. (The minimum repayment of a credit card in the first month shall not be less than 1% of its overdraft amount in the current month) [8]
5. Credit cards that need to pay annual fees basically have annual fees, but basically there is a policy of exempting annual fees. For example, CCB can waive it as long as it swipes it three times a year; But if you don't swipe your card the number of times specified by the bank in a year, you need to charge an annual fee.
6. Stealing a credit card is basically a password-free credit card consumption by default, which is easy to be stolen by others when it is lost or stolen, causing unnecessary trouble or loss; But in fact, credit cards can also be used to charge by password-it depends on how you manage your credit card. Of course, many people, because of their lack of experience in this field, have not cancelled their credit cards and have been re-applied for credit card overdraft by some lawless elements, which is not worth it.
7. Long-term malicious arrears that affect personal credit records will naturally affect personal credit records and even be blacklisted by banks. In the future, if you want to borrow money from banks to buy a house or a car, you may be rejected by banks.
8. Cancellation Trouble CCTV once reported that a cardholder had received a bank bill several months after paying off all the debts and canceling his credit card, and the subsequent events made him miserable. This article entitled "Unclear Credit Card" exposed the disadvantages of current credit cards.
9. Although the credit card has an interest-free period, it is only for credit card consumption. There is no interest-free period for cashing, and a handling fee is charged.