1. How to choose a credit card?

From the perspective of consumers’ personal preferences, we can roughly divide consumers into the following categories:

(1) Price-sensitive: If you are particularly price-sensitive, you may apply for a card Whether you have to pay an annual fee is your first consideration. Some banks will waive the annual fee for the first year when applying for a group card, or provide annual fee discounts for applying for a card for a specific organization.

(2) Brand-oriented person: Price is not very important to you, but you are particularly particular about brand. You can apply for a card for your favorite bank card brand, regardless of whether you admire the four major state-owned banks. Whether you are a bank's time-honored brand or a commercial bank's new brand, you can get satisfaction when applying for a card.

(3) Welfare priority: What benefits the card can bring you is your biggest focus. You can first compare various benefits, including points validity period, additional insurance, and provided Choose from bank packages, shopping mall discounts, etc. In addition, various co-branded cards are also the best choice for those who are concerned about card benefits.

(4) Convenience comes first: time is money. What you need is the convenience of door-to-door card application, card delivery, payment, customer service phone service quality, online banking related services, etc.

(5) Popular followers: You want to be the envy of everyone. The cards currently issued by domestic banks include transparent materials, beautiful patterns, and irregular shapes, which can satisfy your pursuit. Fashion needs.

In addition, our more important division is from the perspective of consumption habits, which can be basically divided into three categories: credit card traders, credit card turnover users and composite users.

Credit card traders: Use credit cards just for convenience, use credit cards as a substitute for cash and checks, and pay off the balance in one go at the end of each month;

Credit card revolvers: Use credit cards As a financing tool, they are willing to use the revolving credit function of credit cards and pay loan interest;

Complex users: absolute classification is unrealistic, and there will also be situations where consumers belong to the above two categories at the same time . That is to say, you are a trader when it comes to some small purchases, and you become a turnover person when it comes to some large purchases.

In addition, this classification method is too general and is only the most basic classification. In fact, the classification method is not unique, because credit cards have many value-added services and their functions have their own strengths. For example, points rewards, flight miles, shopping discounts, and special services are all enough to influence consumers' choice of credit cards. What's more, in order to highlight the differentiation of their products, card issuers also issue co-branded cards and recognition cards.

Affinity Card: A card jointly issued by a bank and a third party, in which the third party can obtain value-added benefits from each transaction. For example, an alumni association or museum could receive a percentage from members' recognition card transactions.

Co-BrandedCard: A card related to a third party - such as a retailer or airline. These institutions can provide rebates, discounts or other services to users based on the amount of purchases they make within a specific period of time. Other value-added services.

2. Application conditions for personal cards

Since different types of bank cards have different functions, the qualification requirements for applicants when applying are also different. Basic conditions for personal credit card application:

(1) Urban and rural residents who are over 18 years old, have a fixed occupation and stable income, and have a permanent residence in their workplace and household registration;

( 2) Fill in the application form and have it signed by the cardholder;

(3) Provide the card-issuing bank with copies of the identity cards of the cardholder and the supplementary cardholder and the guarantor; (China Merchants Bank)

Foreign and overseas personnel and active-duty military officers who want to receive the card in their own name should provide a temporary household registration issued by the local public security department or a certificate issued by the relevant department. They must also provide a guarantee unit that meets the guarantee conditions or have a local household registration and work locally. guarantor.

3. What should you pay attention to after getting a new card?

To ensure the safety of your card use, after you get a new card (new card, damaged card replacement, lost card replacement, automatic card replacement, card replacement in advance), please sign in the signature box on the back of the card immediately Sign, this signature should use your "common signature" in the application form, and make sure that the signature style is consistent with the signature on the back of the card in future transactions. To ensure the safety of your card funds and prevent risks during delivery, the card you receive must be activated before it can be used. Please call the card issuer's 24-hour customer service center to activate your card after checking that the card sending letter and the card are intact.

4. Special reminder for credit card use

(1) Before using a credit card, you should first understand the financial responsibilities you will bear.

(2) If a card issuer offers a special discount for the first year in order to attract consumers to apply for a credit card, special attention must be paid. The offers in these promotions are usually short-term. Don’t be fooled by the moment. When choosing a credit card, you still have to give priority to long-term benefits.

(3) Avoid applying for more cards than you can afford. Evaluate your spending habits, needs, and financial situation before deciding which credit cards to choose.

(4) You must sign the new card immediately when you receive it, and cut the old card into pieces to avoid unauthorized use.

(5) You must keep your credit card safe and report the loss immediately if it is lost.

(6) Regardless of credit card or debit card, you must maintain a good credit record.

(7) Cash advance is convenient, but the cost is high.

(8) Using revolving credit can help you manage your finances, but please note: Revolving credit is a type of credit loan that allows you to repay the entire consumption amount at once within the payment period. A portion of the amount is paid before the payment deadline, but interest must be paid additionally for revolving credit.

(9) Prevent credit card fraud.

(10) When changing your address or contact number, please notify the card issuer immediately.

(11) You don’t need to pay extra fees when you use your card to make purchases at special stores.

(12) If you are called by a collection agency because you have not paid, you are responsible for paying off the debt immediately. In serious cases, you will bear legal liability.

/content/view/2321/#52