1. blind consumption. Nowadays, with the progress of science and technology, it has brought about a material life with constantly improving quality, and various temptations are flooding every corner of society. In order to improve their appearance image and show their social status, many people begin to pay attention to external performance, regardless of their economic affordability, and spend a lot of money with cards. However, credit card consumption is invisible to cash, and it is not so sensitive to money, which is most likely to lead to blind consumption.
2. Overdraft. A few years ago, a survey on the consumption concept of young people in China showed that nearly 63% of young people were used to spending in advance, relying on the strong backing of the "overdraft function" of credit cards, such as buying high-end cars by installment, decorating high-end houses by installment, and buying fashionable appliances by overdraft, which have become the credit card consumption behavior of young cardholders.
3. High interest. If the repayment is not completed by the final repayment date, the bank will charge interest at the rate of five ten thousandths per day, and all consumption in the previous period will not enjoy the interest-free period. If the next installment still cannot be repaid in full, the interest shall be calculated according to compound interest.
4. personal credit records are affected. Since credit cards are related to personal credit, long-term malicious arrears will naturally affect personal credit records and even be blacklisted by banks, making it difficult to apply for credit cards and loans.
5. Malicious brush theft. If the credit card is lost, the password is leaked, and personal information is fraudulently used, it may cause the card to be stolen, which will cause unnecessary trouble or loss.