Because the money in the credit card itself is an overdraft limit, this money is not our cash savings, so we cannot use the money in the credit card directly.

As for the issue of credit cards and debit cards, we can naturally use credit cards directly for overdraft consumption, but we cannot directly regard the money in the credit cards as our own money. Some people may directly regard the credit card limit as their own savings. This logic is very wrong, and it may also lead to serious overdraft consumption behavior of this person.

1. The money in the credit card itself can be used in various payment scenarios.

When we eat, as long as the merchant supports overdraft consumption, we can use our credit card when we eat. Because many people bind their credit cards to Alipay and WeChat, we can pay directly through WeChat payment. With the continuous development of online payment, almost all merchants and online websites can support credit card consumption.

2. This is because the money in the credit card is not our savings.

As I said above, the limit given by the credit card is just our overdraft limit, which means that we can overdraft the relevant amount to the bank within certain scenarios, but this does not It does not mean that we actually own these amounts. We can treat the overdraft amount on our credit card as our liability. After the billing date, we need to repay it normally before the final payment date.

3. You can use the money in your credit card through credit card withdrawal.

Different credit cards will have corresponding cash withdrawal limits. The cash withdrawal limit of most banks’ credit cards is 1/2 of your usage limit. When you need cash, you can use the cash withdrawal function in the credit card APP to get a certain amount of cash. It’s worth mentioning that this cash is still money you owe the bank, and you can treat this amount as a line of credit. I personally do not recommend that you frequently use the cash withdrawal function of your credit card unless necessary.