1. Don't overdraw cash withdrawal. When many friends don't have enough money, they like to use credit cards to withdraw money from ATMs. As we all know, overdraft is expensive. Credit card overdraft withdrawal cannot enjoy interest-free period. The withdrawal amount is calculated at the daily interest rate of five ten thousandths, and the withdrawal fees ranging from tens to hundreds will be deducted. Therefore, don't overdraw cash unless absolutely necessary.
2. Grasp the best time to swipe your card. As we all know, credit cards can enjoy an interest-free period of 25 to 56 days, with the longest and shortest difference of one month. What happened? The focus here is on the time of swiping the card. Credit cards have a billing date. If you swipe your card on the first day after the bill date, you can enjoy an interest-free period of at least 50 days, while swiping your card on the same day can only enjoy an interest-free period of 25 days.
3. Repay in time. When the credit card bill comes out, there will be a final repayment date. Be sure to repay before the final repayment date. If the loan is not paid after the final repayment date, the bank will not only charge overdraft interest, but also pay late fees, which will seriously cause bad credit and cause a lot of inconvenience in applying for loans in the future.
4. Don't use the minimum repayment amount to repay. Don't use the minimum repayment amount when you can repay in full. Although the bank allows the minimum repayment amount, which will not cause bad credit records, we will still generate extra interest on the unpaid part.
5. Don't overdraw your credit card. Credit card overflow deposit is the excess deposit after the customer pays off the debt. Many banks will charge extra for the withdrawal of credit card overflow deposits (a few banks don't).
6. Free annual fee reminder. Credit cards are charged an annual fee. Generally, after completing the formalities, the annual fee will be charged in the second year, ranging from 80 yuan to 200 yuan, or even more. At present, many banks have the stipulation that the annual fee for the following year will be exempted after swiping the card for a specified number of times. Therefore, when shopping, you don't have to swipe your credit card several times. Brush the specified number of times, free of annual fee!
7. redemption of points. In order to encourage customers to use cards, banks will calculate points according to the amount of customers' consumption, and the points can be exchanged for gifts. So when shopping, you can swipe your credit card at the place (regular business), and the accumulated points can be exchanged for gifts!
8. Rational installment payment. Many banks provide customers with installment payment services, including 3, 6, 12 and 24, which provides convenience for everyone to spend in advance. It is important to understand that installment payment will generate extra expenses. If installment is needed, we must first understand the charging situation, because banks charge different fees for different periods, and often the longer the period, the higher the fees.
9. Refuse to cash out illegally. See "illegal"? It is illegal to cash a credit card. Many friends will pay attention to cashing out their credit cards when they are short of money. You should know that the bank will find the records. Don't be smart!