1, easy to carry. Save the trouble of carrying cash. Credit card consumption avoids the trouble of paying cash in the past.

2. There are certain discounts. You can participate in various discount activities, and many businesses have cooperation with banks. Consumers can take credit cards with them and enjoy discounts and other preferential activities.

3. You can pay in advance. When you don't have so much cash and deposits, you can withdraw a sum of money quickly with a credit card.

4. Facilitate financial investment. The interest-free period of credit cards is about 55 days, which means that consumers do not have to pay any interest to the bank during this period after spending with credit cards.

Disadvantages:

1, excessive consumption. Credit card prepayment will make users spend more than they can repay.

2. High interest. On the credit card repayment date, if the user fails to pay off the current arrears before the final repayment date, he needs to pay high interest and late fees to the bank.

3. It will affect your reputation. If the user fails to repay the loan within the time limit, it will also affect the user's credibility in the bank, bring influence and trouble to the future loan, and even become a deadbeat, unable to enjoy civil rights.

Extended data

apply for

In most cases, citizens with full civil capacity (citizens aged 65-438+08 in Chinese mainland) who have a certain direct source of income can apply for a credit card from the issuing bank. Sometimes, legal persons can also act as applicants.

The object of applying for credit card can be divided into units and individuals. Applicants should be organs, enterprises and institutions, foreign-invested enterprises and individual industrial and commercial households with independent legal personality in China. When applying for a credit card, each unit can get a main card and multiple (5- 10) supplementary cards as needed. Individuals applying for credit cards must have a fixed occupation and a stable source of income, and provide guarantees to banks. The forms of guarantee include personal guarantee, unit guarantee and personal fund guarantee.

The application method is generally by filling in a credit card application form, which generally includes the applicant's name, basic information, economic situation or income source, guarantor and its basic information. And submit some copies of certificates and vouchers to the issuing bank. After filling in the application form truthfully, the customer shall submit the completed application form and relevant credit certificate. A credit card contract is attached to the application form. The applicant authorizes the issuing bank or relevant departments to investigate the relevant information, and submit the information authenticity statement and the privacy protection policy of the issuing bank. , and must have the applicant's autograph.

Baidu encyclopedia-credit card