With the progress of the times, the era of credit cards has arrived. It can be said that everyone has a credit card, but many people know that credit cards can be used to make purchases in advance and withdraw cash, but you also know other advantages of credit cards. Are there any disadvantages?

One: Advantages:

①: Consumption in advance and cash withdrawal

These two advantages can be the favorite of young people. Pay with a card, Swiping a credit card to buy clothes is the attitude of a wealthy person.

② Promotional activities

Nowadays, major banks have also launched co-branded credit cards, and also launched various offers and discounts, such as dining, watching movies and other preferential activities. Of course, the specifics also depend on the Activity notifications on the credit card app.

③Pay first and repay later, interest-free

This has some advantages similar to the first one, but the difference is that there are no handling fees and interest charges, which of course depends on full repayment. On the basis of minimum repayment, there will still be interest.

④: Points exchange for purchases

In order to encourage consumers to use credit cards, major banks have also promoted a points mechanism. You will receive points according to the amount of consumption. Points can be exchanged for goods, phone bills, etc. wait.

Two: Disadvantages

①Withdrawing cash

Withdrawing cash has both advantages and disadvantages. Why do you say this? Cash withdrawals with credit cards in major banks require handling fees. , and if you withdraw money without repaying it in full, you will be charged interest fees.

②Instalment

Installation is actually a disadvantage. Whenever your bill comes out, you will receive a call from the bank girl or brother, asking you to reconcile the bill. Installment will charge a handling fee. When you are told that you do not want to apply for installment, they will continue to call you a few days before your repayment date to ask you to apply for installment. This is the most annoying, especially for users with many credit cards.

In general, whether the advantages outweigh the disadvantages or the disadvantages outweigh the advantages, in my opinion, it is all driven by demand.