Credit cards (debit cards) are certainly no stranger to everyone. Credit cards (debit cards) can bring us a lot of convenience, but credit cards (debit cards) also have minefields. Although Credit cards (debit cards) can relieve some urgent needs, but if you use them improperly, they can also lead you into a money-burning pit. Next, let’s talk about the five minefields of credit cards (debit cards)!

1. Overpayment:

Everyone knows that credit cards (debit cards) have an obvious feature, that is, you can "spend first, pay later". This kind of consumption The method is somewhat similar to a loan, but some netizens use credit cards (debit cards) as bank cards and deposit their own money into credit cards (debit cards), but credit cards (debit cards) are not savings cards after all. As everyone knows, you will be charged a certain percentage of handling fees when withdrawing cash from a credit card (debit card). It is a waste of money to pay the bank for the money you have saved. Have you led yourself into a minefield when using credit cards?

2. Repayment of the minimum repayment amount:

Repayment of the minimum repayment amount. Everyone knows that there is interest when repaying the minimum repayment amount, and the interest is still based on the self-payment amount. Interest will be calculated on the full amount of consumption on the day, and interest will be calculated at 50,000 per day. The interest will compound, just like a snowball, it will get bigger and bigger. The larger the base, the higher the interest will be! Therefore, I suggest that all students should use credit cards (debit cards) in an appropriate amount when using credit cards (debit cards), control their consumption desires, and never over-consume, otherwise you will be the one who suffers in the end. However, if you want to increase your limit, you can occasionally use the minimum repayment amount to repay the loan to allow the bank to increase its income. The bank will also increase your limit for you, but remember that it is only occasionally, and it must not be done frequently.

3. Only cancel the card but not the account:

If you only cancel the card, you will not be able to apply for a credit card (debit card) from the same bank next time. You can enjoy the preferential benefits that only new customers can enjoy, but if you close the account together, then if you apply for a credit card (debit card) again later, you can enjoy the preferential policies for new customers again.

4. Canceling the card immediately after paying off the overdue repayment:

Some students use credit cards (debit cards) improperly, resulting in overdue repayments on the credit cards (debit cards). Don't think that if you cancel the card immediately after paying off the debt, your overdue record will be cleared. In fact, doing so will not eliminate your overdue record. Because according to the central bank's credit reporting regulations, we should continue to use this credit card (debit card) for at least two years. If you always maintain a good credit card usage record in the next two years, the stain on your central bank credit report will be covered by a good card usage record, and there will be no problems with your credit report. . If you have already canceled your card, if you go to the bank later to handle other business, you will be rejected because of problems with your credit report. If the card is overdue due to annual fee-related reasons after you cancel the card, you can coordinate with the bank and ask the bank to issue a non-malicious overdue certificate.

5. After the card is successfully approved, it will not be activated or canceled:

When your card application is successfully approved, the card will still appear in your account even if you do not open the card. inside the credit report. Including the time for card review and approval, the specific limit, etc., it will be marked with the word "inactive". If you apply for cancellation, there will also be the word "cancel". Although this is not a bad record, if you have too many inactive records, it will have an impact on your future credit applications. Therefore, I still suggest that you don’t apply for a credit card (credit card) if you don’t need it, or when applying, check to see if you have a credit card (credit card) of the same type. There are also disadvantages to having too many credit cards (credit cards). It’s a lot, and it’s not helpful to anyone.