Choosing a credit card that suits you is the first step to becoming a master card user. The choice of the first credit card can help us spend less money.
first, choose a bank. Generally speaking, commercial banks have more preferential activities than state-owned banks. It is more affordable to run a credit card in a commercial bank.
according to your actual consumption, choose the credit card type that suits you purposefully.
Business people: You can redeem air miles by choosing credit card points, and it's more cost-effective to book a credit card with discounts for hotels.
Shoppers: It is more cost-effective to choose preferential activities than people-friendly credit cards.
2. Use the card
to earn interest with the longest interest-free period.
Three important dates on the credit card:
1. Billing date The bank sets a monthly billing date for your card (for example, if the billing date set by the bank is the 1st, then the money spent on the card swiped after the 1st will be charged to next month's bill.
2. the repayment date is the last day when the money used this month must be repaid. (If the repayment is not made in time, the credit information will be affected. The biggest problem is that the interest rate concessions for buying a house after the loan will be affected. Secondly, banks no longer provide interest-free services. Every day you don't pay back, you will charge more interest and late fees.
3. There is no need to pay interest for credit card consumption between the billing date and the repayment date of interest-free day.
interest-free period: try to use credit cards instead of cash during the interest-free period, and use the interest-free period to buy wealth management products with stable income and earn interest.
for example, if you plan to buy an iphoneX in June, you have a credit card and 1, yuan. The billing date of the credit card is the 1 ST and the repayment date is the 2 th. What will you do then?
1. How to make money with the longest interest-free period.
because your credit card billing date is June 1st, the smartest thing to do is to swipe your card on June 2nd, the day after the billing date, and deposit your 1, yuan in the balance treasure. The billing date of this consumption is July 1st. The repayment date is July 2th. Then, the repayment date from June 2 to July 2 is almost 5 days. During the 5-day interest-free period, the 1, yuan you saved in Yu 'ebao can generate profits in 66 yuan. During the 5-day interest-free period, you can get the benefits of 66 yuan.
2. Earn air tickets skillfully with points
The most cost-effective way to earn points is to exchange them for air tickets. Regardless of off-season and peak season, only look at the mileage distance between the two places.
exchange air tickets in peak season.
Mr. Qian's family of seven people can exchange their round-trip air tickets from Shanghai to Chongqing with credit card points for free.
Traveler: A credit card jointly signed by an airline, and the points are exchanged for air tickets, so that you can have a quick trip.
misunderstanding of credit card use
domestic consumption: no installment, no cash withdrawal, no deposit
overseas charges: refusal to use VISA to pay unionpay
misunderstanding 1: "interest-free installment" and "interest-free installment repayment" are not completely free, and banks will charge a certain installment fee.
you can't believe all the bank's propaganda. If you can't stage it, you won't stage it.
Myth 2: Credit cards withdraw existing money.
the money deposited by credit card not only has no interest, but also has a handling fee when it is taken out.
there are two charges for withdrawing cash by credit card: interest and handling fee.
Myth 3: Blindly choose VISA channel
If you swipe your card overseas, the waiter will say that swiping VISA channel can give you a small gift. In non-US dollar regions, the VISA system charges a "counting fee". This "money counting fee" is the handling fee for converting RMB into US dollars and then converting US dollars into local currency. Therefore, if you swipe your card in a non-US dollar area, you must remember to tell him to choose UnionPay instead of VISA.
At present, the global preferential activities of UnionPay cards are more and more abundant, including online and offline types, and the discount is also very high.
Summary:
Credit card selection and use are two parts.
Choose a credit card from a commercial bank, because such a card is more affordable than a state-owned bank. Pay attention to the characteristics of various credit cards and choose according to your own needs.
using the card: using the interest-free period and points.
remember to use the card formula: no installment, no cash withdrawal and no deposit in China. Brush unionpay overseas.
don't expect to spend more money with a credit card, which will only make your hole bigger and bigger, unless you have a money-making project and make a temporary turnover, you can pay it back immediately. Credit cards are a double-edged sword, and most people can't play with it. Think twice before you do, and speak from the heart.
I don't feel that the more money I spend, the more money I get. Even if there is, the more money I increase can't exceed the money I spend on my credit card.
instead of pinning your hopes on credit cards, it is better to honestly increase revenue and reduce expenditure. There is some money left for investment and financial management every month. Women's Day is coming soon. Use the interest of financial management to give gifts to your mother, aunt or yourself.
doesn't it smell good?
it depends entirely on personal operation.