Credit cards have been widely used in life, and many people have several of them. So do you have to make monthly purchases when using a credit card? Have you ever paid attention to this issue in your daily life? How do you use your credit card on a daily basis? Let me introduce it to you below.

There is no need to make monthly purchases when using a credit card. Users can arrange consumption according to their actual situation. However, the credit cards launched by banks now all have annual fees. If you want to waive the annual fee, it is best for users to use the credit card frequently. If the number of credit card purchases reaches the required number, the annual fee will be waived by the bank.

It should be noted that many high-end credit cards launched by banks cannot waive the annual fee, because high-end credit cards contain more benefits and users can save a lot of money when using them. Ordinary users should be cautious when applying for such a credit card to avoid paying larger annual fees later.

Cardholders must repay on time after using their credit cards to avoid overdue repayments. If the repayment is overdue, the bank will charge penalty interest. The longer the period, the more the penalty interest will be. Moreover, the credit card will be frozen after the expiration date, and the user cannot use the credit card to continue spending.

Late repayments on credit cards will result in a credit report. If your personal credit report becomes bad, subsequent applications for various loans, such as home loans or car loans, will be affected. If the overdue debt is not repaid, this record will always be recorded in the credit report and will never disappear; after the overdue debt is returned, it will be kept for 5 years and will automatically disappear after 5 years.

When a credit card is overdue, you can use installment repayment or the minimum repayment amount. These two repayment methods can reduce the user's monthly repayment amount and avoid overdue repayment. When using When repaying in installments, you can choose different installments. Users will pay different fees for different installments. You should consider your income when choosing, so that you can repay on time.