Advantages

You can overdraw your consumption without deposit, and you can enjoy an interest-free period of 2-56 days. You can repay the interest on time without any charge (most banks will charge .5% interest on the day of cash withdrawal, and there is a 2% handling fee, while ICBC will charge no handling fee and only interest).

swiping your card while shopping is not only safe and convenient, but also a bonus gift.

special merchants who hold cards in banks can enjoy discounts.

accumulate personal credit, and add a credit record to your credit file, which will benefit you for life.

it is barrier-free to pass through the whole country, and you can withdraw money or swipe your card at ATMs and POS machines with UnionPay logo; (Remarks: Credit cards are only suitable for spending credit cards, and it is best not to withdraw cash, which is very expensive and uneconomical)

Credit card spending, some credit cards taking existing points, and various discounts and lottery activities throughout the year will make you feel pleasantly surprised at all times as long as you use the card; (Most credit cards have no points for online payment, but online shopping payment is very convenient and fast)

Mail the statement free of charge every month, so that you can grasp every consumption expenditure transparently; (environmental protection is advocated now, and the paper statement can be changed into an electronic statement.)

The unique supplementary card function is suitable for the husband and wife to manage their finances together or to master their children's financial expenses.

The freely chosen form of one card and two currencies is popular all over the world, and consumption abroad can repay in RMB.

4 telephones or 5-digit short numbers with the prefix of 9 provide 24-hour service, and the loss will take effect immediately, with zero risk of card loss.

possession validity period: it is known that the validity period of domestic credit cards is generally three or five years.

use the third-party platform (the domestic platform supporting credit card bill management is mainly Jujindou) to conduct business cooperation and provide preferential services for cardholders.

Disadvantages

Blind consumption

swiping a card is not like spending money one by one like paying cash. When you swipe it, you feel nothing. A few figures lead to blind consumption and spend money like water.

Excessive consumption

Notebooks, digital cameras and smart phones are phased in. While enjoying your favorite items in advance, you should also consider whether you can repay them.

High interest rate

If you can't take care of your credit card, and you can't repay it as scheduled when the final repayment date comes, the bank will charge you high interest. (The minimum repayment of a credit card in the first month shall not be less than 1% of its overdraft amount in the current month) [7]

Annual fee is required

Credit cards basically have annual fees, but basically there is a policy of exempting annual fees. For example, CCB can waive it as long as it swipes it three times a year; But if you don't swipe your card the number of times specified by the bank in a year, you need to charge an annual fee.

swiping

Credit cards are basically swiped without passwords by default, which makes it easy to be swiped by others when lost or stolen, causing unnecessary troubles or losses; But in fact, credit cards can also be used to charge by password-it depends on how you manage your credit card. Of course, many people, because of their lack of experience in this field, have not cancelled their credit cards and have been re-applied for credit card overdraft by some lawless elements, which is not worth it.

affecting personal credit record

Long-term malicious arrears will naturally affect personal credit record and even be blacklisted by the bank. In the future, if you want to borrow money from the bank to buy a house or a car, you may be rejected by the bank.

Introduction:

A credit card, also called a debit card, is a credit certificate issued by a commercial bank or credit card company to qualified consumers. 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.