Preface

With the acceleration of the pace of modern life and the continuous changes in consumption patterns, more and more credit cards (debit cards) have entered our lives. The credit card (credit card) basic function of "consume first, repay later" not only solves the capital turnover problem of people who use credit cards (debit cards), but also can enjoy various discounts, points, and promotions provided by card issuers. Not unattractive! But how much do you know about credit cards? How to use credit card (credit card) correctly? Come and chat with me now.

Common terms for credit cards (credit cards)

1. Credit card (credit card) limit

Credit card (credit card) limit refers to the bank’s limit based on the customer’s Comprehensive qualifications grant a certain amount of credit limit, which stipulates the total amount of money used by the customer within a certain period. The credit card (debit card) limit mainly depends on the customer's age, job, financial report, marriage, fixed address and other reasons. Therefore, the credit card (debit card) limit depends on the customer himself. If the customer's comprehensive score does not meet the When the bank's approval threshold is reached, the bank can directly refuse to apply for the card. Customers with good credit records can also increase their approval limit.

2. Cardholder

Cardholder refers to the person who applies for a credit card (credit card) with the certificate and the bank approval, not the credit card (credit card) Whoever holds it is the cardholder. The full name of the cardholder will be printed on the front of a credit card (credit card). At the same time, we also remind everyone that credit cards (debit cards) should not be borrowed outside as much as possible. If it causes a bad credit record or is used illegally, the cardholder will be responsible.

3. Cash withdrawal limit

Cash withdrawal limit, as the name suggests, is the cash withdrawal limit, which refers to the cardholder’s cash withdrawal behavior at ATM machines, transfers, and branch offices. Credit card (credit card) Card) cash withdrawal is equivalent to cash advance, generally about 50% of the credit card (debit card) limit. Of course, some banks and certain cards can withdraw cash in full. However, it should be noted that the fees for withdrawing cash from credit cards (debit cards) are relatively high, and interest is generally calculated on a daily basis. Each bank has different regulations, including handling fees and interest. If there is no emergency, do not withdraw cash easily.

4. Billing Day

Many people don’t quite understand the billing day. Why is the billing day a certain day? Why is there a billing day? In layman's terms, the statement date refers to the bank's monthly summary of the transaction amounts of your credit cards (debit cards) in the previous period. For example, the billing date on the 10th, that is to say, the 10th of each month to the 10th of the following month, is an accounting cycle, rather than running accounting according to the natural month. Different banks have different regulations for setting the billing date of credit cards (debit cards). Therefore, you must grasp the billing date of each credit card (credit card) and use credit cards (debit cards) flexibly. You can enjoy the longest interest-free period by swiping your credit card (credit card) the day after the bill date, and you can enjoy the shortest interest-free period by swiping your credit card (credit card) the day before the bill date.

5. Bill amount

The bill amount is the transaction amount calculated on the billing day, that is, the transaction amount generated from the day after the billing date to the billing day of this month is the customer The cardholder should repay the amount.

6. Repayment date

The repayment date should be the most concerned issue for all of us, because it directly affects whether we perform the contract on time. The repayment date refers to the deadline by which the bank requires customers to return the amount of the credit card (debit card) bill that should be repaid. After the bank calculates the amount of the bill that should be repaid based on the bill date, it requires the customer to make repayment on the repayment day, but the repayment can Before the repayment date, but cannot be postponed, so the repayment date is also the final repayment date.

7. Minimum repayment amount

The minimum repayment amount refers to the fact that some cardholders are unable to repay the bill in full on the repayment date. They can pay the minimum repayment amount. The general bank repayment amount is 10% of the bill amount plus other fees. The minimum daily repayment fee is relatively high, but it does not affect personal credit. Cash withdrawals do not enjoy the minimum repayment. Therefore, it is not recommended to repay the minimum repayment amount every month, because this will cause your repayments to be too large later.

8. Over-limit fee

For many bank credit cards (credit cards), there is an over-limit limit to prevent customers from suddenly exceeding the credit card limit when swiping a credit card (credit card). (Credit card) original limit, general bank credit card (credit card) over limit is 10% of the credit card (credit card) limit.

9. Late payment fee

means that if the customer cannot make repayment on the repayment date, a certain proportion of the late payment amount will be charged based on the number of late payment days. Therefore, cardholders must pay on time. Repay to avoid late fees and unnecessary credit stains.

10. Annual fee

For many bank credit cards (debit cards), most have annual fees, and some banks waive annual fees. Nowadays, many bank credit cards (debit cards) have no annual fee if they are not activated and used. Most banks have no annual fee for the Jinpu Card in the first year. Usually, it is used a few times in the first year or reaches How much amount can be exempted from the next annual fee, so be sure to understand clearly before applying and be aware of it.

Rules for using credit cards (credit cards)

Improper use of credit cards (credit cards) will not only result in a reduction in balance but even card blocking. Whether you are a novice user or a master in the card industry, you must follow the bank's rules when using credit cards (debit cards) to be able to be at ease.

Rule 1: Cherish your credit limit and never owe money to the bank, because it is not enough to default on the bank's money for even a minute. It is better to repay early and repay more than to owe the bank a cent. If you default on your money, your credit will be reduced, and your credit will be reduced and it will cause a lot of trouble.

Rule 2: When applying for a card, cardholders should not think that they want to apply for a high-limit credit card (debit card) just because they have a car and a house. If they have no contribution to the bank, no matter how good the conditions are, the bank will not We will give you a high-limit credit card (debit card) for the first time (except for special circumstances). The high limit will gradually increase depending on your credit rating and card usage.

Rule 3: Control your consumption as much as possible, and try not to use credit cards (debit cards) to withdraw cash or use credit cards (debit cards) to make investments, because credit cards (debit cards) The interest and handling fees for cash withdrawals are very high. It’s okay to make money by investing. But if something goes wrong, how will you pay back the money in your credit card (debit card)?

Rule 4: The money in a credit card (debit card) can be used in many ways, don’t just use one item; develop a good habit of swiping credit cards (debit cards) in daily life, regardless of the amount. Swipe a credit card (debit card), but it is best to use less or no capping machines. You can also make appropriate installments, which will help increase the limit.

Rule 5: Don’t trust salesmen or intermediaries who handle high-value credit cards (debit cards). Doing so will pose risks to the credit cards (debit cards) and lead to information leakage and theft.

Rule 6: It is recommended that cardholders apply for a card early and get a card early. Don’t think of applying for a credit card (debit card) only when you run out of money. Banks generally won’t apply for it for you.

Rule 7: Apply when you encounter a suitable opportunity. Don’t be too picky about choosing a bank, because if you miss a reasonable opportunity, it may not meet the requirements when you want to apply.

Rule 8: For credit card (debit card) repayments, cardholders must learn to use multiple repayment methods. If there is a problem with the commonly used repayment methods, cardholders can also try An alternative repayment method that avoids unnecessary credit problems.

Suggestions for using credit cards (credit cards)

The essence of credit cards (debit cards) is to borrow money from your future self. What you consume now will have to be repaid sooner or later, so it is recommended that you borrow money from yourself in the future. Spend reasonably within your financial capacity, do not compare or waste, and make good use of every penny to create maximum benefits for yourself. In addition, you must not use credit cards (debit cards) to withdraw cash. This behavior may seem beneficial in the short term, but in fact The harm lasts forever.