How to make money with a credit card
If you want to make money with a credit card, you can only make full use of the interest-free period. Cardholders can enjoy the longest interest-free period when swiping their cards for consumption on the second day of the statement date. . Generally, there are 50 days. Cardholders can use these 50 days to do some investment and financial management, and maybe they can get good returns. Generally, when cardholders make major purchases, it is more cost-effective to use the interest-free period for financial management.
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1. Annual fee. Competition in the bank credit card market is also fierce now. Most banks will reduce or reduce the total amount or number of card transactions and earn it in the form of handling fees. Credit card Credit card swiping fees are deducted from credit card swiping fees. This fee is mainly shared by the card issuing bank, UnionPay and the acquiring bank. The card issuing bank will charge between 0.36 and 0.48, which is a huge benefit. Interest, overdue repayment will charge high interest, generally charged at 0.05/day, with interest calculated on a daily basis and compound interest calculated on a monthly basis. Installment fee: When the cardholder repays the loan in installments, he or she needs to pay a certain installment fee. It is also the main way to make money. Other income, such as cash withdrawal fees, loss report fees, SMS function fees, etc.
2. Among the several key points of bank credit card income, the main source is: card swiping fees. Therefore, most cardholders want to keep their credit card limits stable or increase their limits. It must be that we swipe the card and the bank can get the benefits it deserves. It’s not that we can make money just by swiping cards at banks. The type of credit card swiping is important. For standard merchants who swipe their cards, the bank will earn fees normally. Credit card discounts are popular among public welfare merchants (that is, code skipping), and banks make less or no money at all. The current industry situation is to close self-selected merchants. The best thing is to match the merchant's schedule, swipe the card accurately to exit the merchant, prevent merchants from jumping randomly, and avoid bank risk control. Simulate real consumption by swiping cards at diversified merchant types, improve the overall score of credit cards, and increase the credit card limit.
3. Users are the biggest resource. Every bank hopes to have as many resources as possible. In order to seize the credit card market, banks now have opened up card application rights to the outside world, which means that we can apply for cards through certain platforms and get commissions. As long as you have enough ability to sell more credit cards, there is no need to worry about making no money, and the commissions on credit cards are quite high, with the highest price being 500 yuan per card. As we all know, the function of a credit card is that you can overdraw part of the funds in advance for use. It is this part of the funds that has unlimited possibilities. Many people will choose to invest their credit card money and use their own money for daily consumption. As long as they have the ability to manage and invest money, they can choose to maintain a card first and then use the money for financial management. However, the risk of doing so is still relatively high, so it is best to act within your capabilities.
How to make money with credit card?
1. Make good use of the interest-free period of credit
There is room for making money in the interest-free period of the past two months. Some cardholders will use special methods to increase the credit limit. Swipe out and invest in financial products with higher returns to earn short-term financial returns.
2. Participate in various activities
In order to spend money, banks will launch various activities, such as free card credit for any amount of overseas spending, free credit for any amount spent in a week, etc. People who play will choose to swipe their cards hard during the event.
3. Points can be redeemed for gifts
There are points for spending with bank cards. For those who are aggressive with credit cards, their points will rise quickly. It is not uncommon to have hundreds of thousands of points. , and points can be used to redeem corresponding physical gifts, air miles, services, etc. If the redeemed gifts are not used by oneself, they can be sold.
Five important points to note when swiping a card for consumption
1. Protect your identity document;
2. Keep the card out of sight when swiping the card, and do not let others do it for you. Swipe the card;
3. Do not use debit cards with large deposits casually, use credit cards as much as possible;
4. When entering the password, be careful to cover it with your hands to prevent others from prying. ;
5. Develop the habit of changing your password frequently, especially if you lose your mobile phone. You should change the password of the credit card bound to your mobile phone as soon as possible.
Pay attention to repaying the loan on time and in the prescribed amount
The "China Banking Industry Self-Discipline Convention" requires banks to provide "time tolerance" services to cardholders.
1. Tolerance: If the cardholder fails to repay the amount in the current period, and the unpaid portion of the account after the due payment date is less than or equal to 10 yuan, it shall be deemed to have been repaid in full, and this part The outstanding amount is automatically transferred to the next bill.
2. Time limit: The card issuer provides cardholders with a certain repayment grace period, which is at least 3 days from the due date of repayment; when the cardholder repays within the repayment grace period, It should be regarded as repayment on time. Saturdays, Sundays and holidays are also grace periods.
What is the most cost-effective way to pay off a credit card?
1. If you hold more than two credit cards, it is recommended to separate the billing dates of each card. Whenever you make a purchase, you can choose the card with a longer interest-free period.
2. For some items that are not urgently needed or are valuable, postpone the purchase to a more cost-effective date to enjoy the interest-free period as much as possible.
3. Make good use of free reminder tools such as WeChat and Alipay to avoid overdue payments due to forgetting the repayment date.
4. Most credit cards have the function of modifying the statement date. It is recommended to ask the bank customer service to find out the number of modifications to your card.
How to use credit cards to make money
The methods of using credit cards to make money are as follows:
1. Participate in more activities of credit card banks. For example, you can earn enough money by spending at designated merchants. There are also activities such as discounts, discount coupons, and gifts for accumulated consumption.
2. Credit cards have a certain interest-free period. If you make a purchase one day after the bill date, you can enjoy up to 50 days of interest-free. You can make good use of this time to manage your finances and gain profits.
3. Use credit card points to redeem points. Credit cards generally have points after payment. Points can be exchanged for some airline miles, coupons, some platform memberships, commodities, etc.
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