Many times, people are really different. They all use credit cards. Some people have learned to save money and manage their finances, while others have become "card slaves". The more they use credit cards, the poorer they become! What's going on here? I will simply analyze the reasons for this situation.

1. The credit card is used incorrectly

The credit card itself comes with an interest-free period, but if it is used incorrectly, it will have to pay high interest. Some people often use credit cards for cash withdrawal or cash installment, so they can't enjoy the interest-free period. Every time they spend a credit card, they have to bear the cost of more than 16% of the annualized interest rate. At present, there are not many businesses that can legally stabilize the annual income of more than 16%, not to mention how an ordinary person can afford to spend at such a cost for a long time.

2. The repayment method of the credit card is incorrect

If the credit card is interest-free, it is not only limited to swiping the card or paying online, but also needs to be repaid in full on the last repayment date. Many people spend too much, which leads to too much repayment pressure, so they take the minimum repayment or installment repayment, so they still have to bear high expenses. Even cardholders don't care about the time limit for credit card repayment, and often overdue, so the cost is higher.

Credit cards are just a tool, and we can only make rational use of them, but we can't rely on them. Otherwise, the more credit cards we have, the more trouble we will have, and the poorer we use them. Therefore, everyone must exercise restraint when using it, and do not cause excessive consumption, because it is necessary to return it after use.