Shenzhen Development Bank’s credit card is the size of a small card. There is no need to save money first. The bank will give you a certain amount of credit based on your work income. You can use the credit card to buy things in the mall and use the amount inside to pay back the money after the monthly bill is issued. All major banks have their own credit cards. (Simply put, the bank lends you money for consumption, use it first and then pay it back)

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Credit cards are an international trend.

Because many places abroad do not accept cash.

With the WTO and China's internationalization, there are more and more foreign companies in China

Credit cards are the focus of competition for banking business.

Relatively speaking, for the Chinese, credit cards came a little early.

It can be said that banks are the first to compete for customer resources.

Currently, banks’ profits from the credit card business are still in excess of credit card bad debts.

Overall, banks’ credit cards are still profitable.

For individuals, Chinese people have the habit of saving money. Real credit cards cannot be promoted in China, so that’s why we have the credit cards we see now (interest-free consumption type)

However, with the increase in the number of "money earners" and the popularity of mortgage consumption and installment consumption, it is not impossible for credit cards to return to their original appearance in the future.

That is, there is interest on consumption. There is no longer an interest-free period.

There is no guarantee that many years from now, young people will not reject this interest-bearing consumption method. That’s when credit card profits will skyrocket.

Due to the popularity of credit cards in the world, consumption settlement is more convenient.

It is more convenient for us to use credit cards to buy things on foreign websites.

Or go to When traveling abroad, you also save yourself the trouble of exchanging foreign currency.

In short: take a longer view.

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The top ten reasons for applying for a credit card:

1. You can directly use the card to make purchases without depositing money into the card. , you can also withdraw cash directly from the card.

2. Compared with cash, credit cards are easier to carry. You can also get points by swiping credit cards, which can be redeemed for a large number of gifts provided by banks

3. Compared with ordinary bank debit cards, credit cards are You don’t need to set a password for consumption, and you don’t have to follow the waiter to enter the password in situations such as dining and bars.

4. You don’t need to exchange U.S. dollars for consumption abroad, you can directly use U.S. dollar cards to make purchases. In addition, not having a credit card abroad is not only troublesome, but also using cash is often regarded as an outlier.

5. After spending with a credit card, you can pay the minimum monthly payment, allowing you to buy something worth 10,000 yuan with only 1,000 yuan.

6. Some banks can repay in installments. If you buy something, you can repay it in 24 months, allowing you to spend more in advance.

7. When booking flights or hotels on websites like Ctrip, you can issue tickets faster if you have a credit card.

8. It seems cool to use credit cards to make purchases, and even cooler to use gold cards. Although they are becoming less and less cool, credit cards have become a symbol of good credit for individuals.

9. The bank will mail you a credit card statement every month, allowing you to easily check every purchase.

10. Accumulating personal credit history, using credit cards and paying back your bills on time can improve your personal credit and provide you with more convenience when borrowing or buying a house in the future.

(The day you apply for a credit card starts to remind you of your financial credit)

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Four major functions of using credit cards Financial management

First, credit cards, like other bank cards, save us the trouble of carrying large amounts of cash. At the same time, consumption points can be exchanged for various exquisite gifts, thereby finding the "first pot of gold" in credit card financing. In addition, you can also understand your own consumption habits and consumption structure through your bank's monthly statements, and gradually you will be able to know what you are doing and control your consumption.

Secondly, generally speaking, credit cards have a maximum interest-free period of 50 to 56 days. Properly utilizing this point can allow the bank's money to make money for us. For example, try to use credit cards to pay for daily consumption, and the cash on hand can be used to purchase some low-risk, highly liquid products, such as monetary funds, etc., and the income obtained is several times higher than current interest. This is what credit cards bring to us The "second pot of gold".

Third, credit cards are equivalent to giving us an emergency fund. In daily life, some emergencies will inevitably occur. When funds are needed to cope with these emergencies, credit cards provide us with a solution. Credit cards have overdraft functions, and overdraft interest is paid on a daily basis. However, due to the short borrowing period, the financial burden on the cardholder is not large.

Fourth, establish good personal credit. As my country's personal credit system becomes increasingly perfect, credit status increasingly affects individuals' borrowing results from financial institutions. Use credit cards, develop good spending habits, and form a good repayment record, which will help financial institutions evaluate your credit rating.

How do we use credit cards to manage finances? CITIC Financial Consultants introduced the following points:

First, repay on time - not only can interest be reduced, but also form a good credit record; second, credit cards are mainly used for consumption and less cash withdrawals; third, hold Use 2 to 3 credit cards from different banks with different billing dates, and try to enjoy the longest interest-free period and different preferential merchants and promotions.