Use the interest-free period of credit cards to revitalize the cash in hand. Rich people have higher daily consumption levels than ordinary people and spend more. With a credit card, you can overdraft the bank money and free up the cash in your hands. During the interest-free period, you will receive a certain expected annualized return, such as interest income from bank deposits, investment in short-term financial products, and expected annualized return from investment, etc. Don’t underestimate the expected annualized return every month. If a person can effectively use a credit card throughout his adult life, the expected annualized return in interest and other things he can earn will be very considerable.
The use of credit cards can accumulate personal credit in the long term. It can be said that credit cards are a very good credit accumulation tool. Credit cards are easier to apply for than loans and are more likely to be used daily. As long as you swipe the card every month and pay it back on time every month. With just one loan, you can quickly accumulate an excellent personal credit record. An excellent personal credit record will help cardholders in a wider range of economic activities, such as making it easier for borrowers to obtain bank loans, entrepreneurs to obtain investment from investors, and so on.
Credit cards have many additional benefits. Rich people can easily apply for high-level and high-limit credit cards due to their good personal qualifications. On the one hand, high-level credit cards are a symbol of the cardholder's social status and identity, and they can also provide cardholders with more rights and interests, such as various high-value insurances, travel VIP services, priority medical treatment rights in hospitals, etc.