Will the interest be lower if you swipe your credit card in whole numbers?

The interest will be lower if you swipe your credit card in whole numbers. As stipulated by the credit card, your interest can be reduced from 6% to 3%.

Do you want to swipe any credit card in whole numbers or in whole tens, hundreds, hundreds, thousands, tens of thousands and so on?

credit card swiping is limited to real personal transactions and cannot be cashed out, so it doesn't matter whether the amount is an integer or not. But if it is a cash transaction, whether it is an integer or not, once it is found, the card can be frozen. Therefore, if you use it normally, you can brush it at will, as long as you remember to repay it on time every month and don't cash it out, which is illegal.

a credit card, also known as a debit card, is a credit certificate issued by a commercial bank or credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit. The credit card stipulated in the relevant laws of China (Interpretation of the NPC Standing Committee on the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal [1-2]. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card. Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment will be made on the BillingDate.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards with a certain credit limit within which the cardholder can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card. From January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the management of the upper and lower limits of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate, and the lower limit is .7 times of the daily interest rate). On May 25th, 221, the Supreme People promulgated and implemented the Provisions of the Supreme People on Several Issues Concerning the Trial of Civil Cases of Bank Cards. Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or withdraw cash at any time at all branches of the issuing bank or places with ATMs.

mantissa skills of credit card swiping

1. Each swipe cannot exceed 3% of the total amount.

2. You can't empty all the cards, but leave 1%-2%.

3. You can't always brush integers.

4. The credit card number cannot always be , 6, 8, 9.

5. swipe your card between 9 am and 9 pm every day.

6. Brush in the morning and in the afternoon, no more than 3 times a day, and the interval between swiping cards is more than 4 hours.

7. swipe your card more than 25 times a month.

8. Make a small installment every 3 months.

9. It is best to repay the bill in full the next day

Misunderstanding

1.Q: I can borrow money with a credit card, and my income is very low, so applying for a credit card helps me a lot.

A: No, the target customers of bank credit cards are high-end income groups. From the above characteristics, we can also see that the characteristics of credit cards are more convenient than saving money. Not only do you have to pay an annual fee to use a credit card, but once you miss the repayment time, the penalty interest is very high.

2.Q: Credit cards have a minimum repayment amount, so when I borrow a lot of money and can't pay it back, I just need to pay the minimum amount.

A: No, the minimum repayment amount is just the minimum amount that the bank can't give you, but you need to pay interest. The interest on credit cards is calculated by the day, and it is rolling interest, which is higher than the interest on ordinary loans.

it is necessary to distinguish the difference between installment payment and minimum monthly repayment. The annual interest rate of installment payment or commercial loan is about 5%, and the special goods will be lower. But only the minimum amount, equivalent to annual interest of more than 18%.

3.Q: Credit cards can be overdrawn for cash withdrawal, so I can withdraw some cash in case of emergency, which is very convenient for me.

A: correct. However, the interest on cash withdrawal is also calculated by the day, and there is no interest-free period. The interest is calculated from the day when the cash is withdrawn, and the interest is also calculated by the day, which is as high as the penalty interest for missing the repayment date. However, it is recommended to deposit a small amount of assets in the credit card in case of emergency, because there is no current interest on the funds in the credit card. What is more fatal is that many bank credit cards will charge a handling fee even if you have cash in your card. So it is better to take a bank savings card with you and leave a little cash in it. There are very few places for large cash consumption, and it is usually possible to use a credit card to spend, and the credit card has an interest-free period.

4.Q: I don't remember how much I borrowed this month. Let's just say it's a figure. Even if it's not enough, it's only a small difference, and the interest will not be much.

A: Wrong. If you don't repay in full in the last repayment period, if it's not within the repayment tolerance, the bank will also recover all the interest during the "interest-free period". For example, the 5th of each month is the final repayment date. You borrowed 1, yuan on the 6th of last month, and you only paid 9 99 yuan on the final repayment date. Then, on the next final repayment date, you will have to pay 1, yuan of interest for one month-about 15 yuan, as well as the 1 yuan you owe and the follow-up interest for one month-about 15 cents.

5.Q: I can borrow money and pay back the money by credit card, and borrow new debt to pay back the old debt, so I can never pay back the money.

A: no, first of all, credit cards can't withdraw cash without interest, so it's very difficult for you to find a place where you can spend money by credit card to cooperate with you in making fakes. Secondly, although you borrow money every month, in fact, only the first month's money is really available. That is, the maximum amount that the bank gives you. Third, you always have to pay back the money in the end, which is actually just saving the interest on the first month's loan. And this interest was not much. You are busy with this every month, which is not necessarily worth it. And once you forget to operate in a certain month, or the penalty interest caused by the operation failure will far exceed the interest you saved.

what is a credit card?

an integer single transaction: credit card spending is often an integer amount of 1,, 5,, etc. If it is not in line with the actual consumption, it will be regarded as TX, and then you will have a high probability of being reduced by the bank.

What does it mean that a credit card has an integer bill but a decimal point?

A credit card has an integer bill but a decimal point, which means that the amount spent by a credit card is a few cents. According to the inquiry related information, a credit card, also called a debit card, is a credit certificate issued by a commercial bank or a credit card company to qualified consumers. Its form is a card with the name, validity period, number and cardholder of the issuing bank printed on the front.

that's enough for the introduction of credit card swiping integers.