Through the credit card knowledge training, I learned that when applying for a credit card, what everyone is most concerned about is the limit. An increase in the credit limit often means an increase in consumption, and the amount of repayment will increase as consumption increases. Below is the credit card knowledge training experience that I have collected for everyone. You are welcome to read it. Credit card knowledge training experience part 1

When it comes to credit cards, most people’s first reaction is that they can make purchases in advance and make money from the bank. If you also have this idea, Xiaojin advises you to calm down and read the 8 secrets hidden behind credit cards first.

First, installment payment

Nowadays, credit card installment payment does not have interest, but there is a handling fee. Don’t underestimate this handling fee. There are many ways to do it. . Let me give you an example. For example, Xiao Jin bought a computer worth 12,000 yuan with a credit card, and now wants to repay it in 12 installments, with the interest rate for each installment being 0.5%. On the surface, the rate seems very low, only 0.5%?12=6% in one year, but this is not correct. The correct annual rate calculation formula is as follows:

Annual rate=12?per issue Handling fee rate? Number of installments/[(1+number of installments)/2]=24? Number of installments? Handling fee rate per installment/(1+number of installments)

We put Enter the data into this formula to calculate:

Annual rate = 24?12?0.5%/(1+12)=11.077%

11.077% is almost twice as much as 6%. So installment payments only appear to be low rates on the surface. Relying on installment payments to make money in banks is just a dream!

Currently there are many types of credit card installments, the most common ones are: consumption installments, bill installments, cash installments, decoration installments, car purchase installments, etc. No matter which installment payment you choose, think twice before you act!

Second, early repayment of bill installments Credit card bill installment means that after the credit card holder uses the credit card to swipe the card for consumption, he requests the credit card center to pay the consumption amount Return it to the bank in installments. The fees charged by each bank for bill installments vary widely. But they all have one thing in common: even if you repay in advance, there will be a handling fee in each installment!

For example, Xiao Jin bought a 12,000 yuan computer with a credit card, and now he wants to repay it in 12 installments. The rate for each period is 0.5%, then the handling fee for each period is 0.5%? 12,000 = 60 yuan, which means Xiaojin has to repay 1,060 yuan for each period. After 6 months passed, Xiao Jin had money and wanted to pay back all the money for the remaining 6 months. Xiao Jin had to pay the bank 6,360 yuan instead of 6,000 yuan because the monthly handling fee of 60 yuan would not be due to early repayment. And exempted. And some banks will also charge early repayment fees.

Third, the number of credit cards

Some people think that the more credit cards the better, but in fact this is also a misunderstanding. Let me start by saying that the limit of one credit card opened with the same bank is the same as the limit of 10 cards. That is to say, Xiao Jin’s credit card limit in the bank is 100,000. If Xiao Jin has 1 credit card, the limit of this credit card is 100,000. If Xiao Jin has 10 credit cards in the same bank, these 10 credit cards will enjoy this 100,000 quota.

In addition, too many credit cards can easily cause credit card holders to confuse the consumption status of each credit card, leading to repayment arrears. It will also lead to the dispersion of credit card points, and the discounts enjoyed cannot be concentrated. In the end, it is still not cost-effective.

Fourth, a credit card cannot be used as a savings card

For the sake of convenience, many people only use one card and put all the extra funds into the credit card. In addition, they can earn points by swiping the credit card. , the more points you have, the more discounts you can get. In fact, this is not advisable. There are two reasons: 1) There will be no interest on depositing money into a credit card; 2) There may be a handling fee when withdrawing cash from a credit card. Some banks charge 10 yuan, some charge 20 yuan, some charge 25 yuan, or even 30 yuan, and some do not charge a cash handling fee.

Fifth, credit card cash withdrawals are not interest-free

Many people think that credit card cash withdrawals are interest-free like credit card purchases. But this is not the case.

At present, most credit card cash withdrawals charge interest at a rate of 0.5% per day, which translates into an annual interest rate of about 18%. Therefore, friends who want to withdraw cash from their credit cards must think twice!

Sixth, credit card security issues

Credit card security issues are also what everyone is most concerned about. In China, people are still more accustomed to using passwords when swiping cards, rather than signing. Currently, internationally, credit cards use signatures as proof of consumption, and merchants are responsible for verifying signatures. However, in actual operations in China, not many merchants take the time to verify credit card signatures. Therefore, the insurance method is to use the form of "password + signature" when swiping the card.

Seventh, increasing the limit is not necessarily a good thing

When applying for a credit card, what everyone is most concerned about is the limit. An increase in the credit limit often means an increase in consumption, and the amount of repayment will increase as consumption increases. When the credit card limit is increased, many people's repayment habits may not change immediately. For example, Xiao Jin’s previous limit was 20,000, and now he wants to buy a car, so Xiao Jin calls the bank and asks to increase the limit to 50,000. Because Xiao Jin was used to the repayment rhythm when the limit was 20,000, so he raised the card limit to 5 Later, Xiao Jin’s repayment habits failed to keep up. Increasing the credit card limit can bring us convenience, but after the limit is increased, we must consult the bank to find out how to repay the loan.

Eighth, full interest

In order to avoid bad credit records when making large purchases, many people choose the minimum payment amount to pay off their credit card debt. But many people don’t know that interest is calculated from the day of consumption. In addition, before the entire debt is paid off, the portion that has been repaid is still within the interest calculation base. Some banks have already canceled this requirement and only charge interest on the unpaid portion. Therefore, you must consult your bank clearly when using such services.

After reading this, Xiao Jin just wants to say one thing: You can be arrogant when using a debit card, but you must be restrained when using a credit card. Because if one more payment is made, it may become the last payment (the limit is gone), and if one more dollar is spent, a few more dollars may be paid back (interest comes).

Jin Interactive

Nowadays, almost everyone has 1 or 2 credit cards in their pockets. If you make good use of them, credit cards can save you money, facilitate consumption, and help you manage your finances. Use Unfortunately, credit cards will make you fall into a vicious cycle of overdraft, become a "card slave", and even tarnish your credit record. Are more credit cards better? Is a higher limit better? What other experiences do you have about using them? Let’s share them together. Credit card knowledge training experience part 2

Credit cards have become a necessity in our daily lives, but every time we want to cancel the credit card, we always encounter some problems, and when we think we have closed the account , a few years later, the bank called me to remind me to pay back the loan. What happened?

1. How to cancel the account

1. Cancel the card over the phone

The most direct and convenient way to cancel a credit card is to cancel the account over the phone. You can call the customer service number on the back of the credit card and follow the voice prompts to be transferred to manual account cancellation.

2. Emotional offensive

When you call customer service, the customer service will definitely use various preferential policies to persuade you not to cancel your account. At this time, you only need to inform the other party for sure. You just have to cancel your account.

3. Customer service will check whether your credit card has any outstanding balances, annual fees or interest.

If everything is normal, customer service will prompt you that the cancellation is successful and you can just destroy it yourself.

2. Why the account cancellation is unsuccessful and the bank calls for repayment

1. Many people think that they no longer need this card. After a long time, the card will cancel the account on its own. Then How wrong. The credit card will not automatically close the account. Instead, it will incur annual fees because you have not used it. It will not urge you to repay at first. The longer it goes, it will urge you to repay when it reaches a certain limit.

2. When you make a call, the customer will use various reasons or preferential policies to persuade you not to cancel your account. If your expression is unclear and hesitant, the customer service staff will think that you do not want to cancel your account and will not cancel your account.

Therefore, you must refuse categorically!

3. The customer service staff is checking whether your credit card has any arrears, annual fees or interest (if it is arrears, it needs to be paid off! Then call to cancel the account. If the card If you have extra money in the card, you can choose not to let it go and ask customer service to continue to cancel the account, or you can transfer the money in the card yourself and then call customer service to cancel the account)

Special note: Whether you owe money to pay off After you have finished transferring the excess money, you have to call customer service to cancel the account again!

4. After the customer service tells you that the cancellation is successful, the third-party payment bound to your card does not exist. After unbinding, if any access or withdrawal occurs within 45 days, the card will be automatically reactivated and the previously dialed phone number will be invalid. Credit card knowledge training experience part 3

In China, the post-80s generation is a very special generation, playing the role of connecting the past and the following. The same is true when facing some new things, such as the use of credit cards, the post-80s generation They are neither as conservative as the post-70s generation nor as casual as the post-90s generation. They have their own characteristics. Let’s take a look at how the post-80s generation plays with credit cards.

1. The higher the credit card limit, the better.

Most people hope that the higher the credit card limit, the better, but this is not the case. After some people have a high-limit credit card, they are unable to repay it after squandering it. They accidentally become card slaves. Therefore, the higher the limit, the better. It just needs to match their spending power.

2. The number of credit cards is 2 to 3.

The more credit cards the better, sometimes annual fees are charged due to fewer credit card swipes, and sometimes it is easy to forget the repayment date. Due to overdue credit, sometimes the credit limit cannot be remembered and the credit card is maxed out and you have to pay over-limit fees. Therefore, it is recommended to apply for 2 to 3 credit cards, which are enough to meet daily needs.

3. Use as many credit cards as possible within the limit of your credit card.

Every credit card has a limit. Use as many credit cards as possible within this maximum limit. Not only can you enjoy a long interest-free period, but you can also accumulate credit and prepare for future credit card limit increases.

4. Make clever use of the interest-free period of credit cards

The longest interest-free period of a credit card can be up to 56 days. Use a credit card for daily consumption, and save the money to pay off the credit card bill to earn interest/buy Short-term bank financial management will bring you a lot of benefits in the long run!

5. Credit card cash withdrawals are not easy to use

Many banks have introduced free handling fees for the first few transactions of credit card overdraft cash withdrawals, and they have taken advantage of this. It is advertised as "free of charge", but the credit card overdraft withdrawal fee is free of charge but not interest. If the cardholder does not know this, once he withdraws cash with a credit card, the daily interest rate is 0.05%.