1. The benefits of applying for a credit card:

1. You can use overdraft for consumption. When you have insufficient funds, you can swipe the card for consumption or withdraw cash. (It is not recommended to withdraw cash, as there are generally relatively high handling fees. It is recommended to use credit cards moderately within a reasonable consumption period and enjoy the maximum repayment time limit of 56 days, but remember to repay on time!)

2. Enjoy the convenience of installment. After a large purchase, you can pay it back slowly in installments. (Installation is not recommended for purchases that are not large enough to be affordable at once)

3. Convenient travel and enjoyment of rights. There are many different types of credit cards now. Some have the function of taking the subway and bus, some have discounts for booking air tickets and hotels, and some are convenient for converting foreign exchange when going abroad. Some can enjoy special benefits such as refueling, car washing, free parking at the airport, flight delay insurance, high-speed rail, airport VIP lounges, fast security check lanes, private doctors, private cars, etc. Nowadays, various credit card benefits are diverse and cover basically all aspects of life. The higher the card level, the higher the benefits. (High-level Diamond and Platinum cards, Platinum cards, Unlimited cards, etc. generally have a certain annual fee, but if you can use all the card benefits every year, it is definitely worth it!)

4. Convenient financial management For investment, credit cards have a maximum interest-free period of 56 days. During the interest-free period, users do not have to pay interest. Users can use their own money for investment.

5. Points can be redeemed for items. Generally, you will get points when you use a credit card to make purchases. Points can be used for shopping in the bank points mall, exchange for high-value gifts, and exchange for special rights and interests.

2. Disadvantages of applying for a credit card:

1. After applying for a credit card, a credit report will be submitted. Once your credit card is overdue, an overdue record will appear on your credit report, which will affect Your own credit will affect your future mortgage and car loans! So be sure to repay on time. If you forget, you must take the initiative to call the bank customer service and apply for a grace period! Generally, there is a 3-5 day grace opportunity once a year. However, late payment will be charged a certain late fee!

2. It will be stolen. If your credit card is stolen by others, it can easily be stolen and cause losses to yourself.

3. Let your consumption become irrational. If you use a credit card to consume without having to pay it back immediately and pay it back next month, it is easy for people to consume blindly.