Risks and preventive measures of credit card swiping 1. Risk of swiping due to leakage of personal information. There is an available credit limit in your credit card. If your card is stolen by someone else, it is difficult to get compensation from the bank. You need to provide evidence and your card type is within the scope of the bank's lost card protection service before you can get compensation. In order to prevent the card from being cloned, try not to swipe the card at irregular merchants, and try not to let the card out of your sight. 2. The password setting is simple and there is a risk of credit card theft. A simple password like six repeated digits is simply not enough to protect the security of credit card holders’ funds. Citizens should pay attention to card security. The password should not be too simple. When swiping the card for consumption, they must prevent the magnetic stripe information of the card from being stolen by criminals and used to create fake cards. 3. Bad credit records are easy to leave "stains" and there is a risk of derating. If the bank determines that you are suspected of cashing out (continuous swiping of cards at the unified POS machine), or there are abnormal card usage, or overdue repayment, the bank will reduce your limit. When there are records in personal information such as malicious cashing out and providing untrue information, it will do more harm to your credit record. 4. If the credit card is not activated, the annual fee will still be charged. Banking financial institutions are not allowed to withhold any fees before the cardholder activates the card. However, in reality, due to the high cost of credit cards, some banks still charge annual fees for inactive credit cards. , if the credit card of China Construction Bank or Bank of Communications is not activated, the annual fee for the first year will be waived, but the annual fee for the following year will still be charged (how to swipe a credit card to get the bank to waive the annual fee?). 5. Installment payment hides high interest traps, and installment payment is risky (what are the pitfalls of credit card installment payment?). If the cardholder is not tight on money, it is best not to apply for installment payment. If the cardholder is not sure when he will get the repayment funds in the future, but the time may not be very long, he can choose to pay the minimum repayment amount when he has more money. One-time repayment; if future income is stable and full repayment is temporarily impossible, then the installment payment period can be determined based on the monthly repayment ability. Generally, the shorter the period, the lower the expected annualized interest rate. 6. Risks of card suspension such as illegal cash-out of credit cards. Card suspension is an upgrade from a credit limit reduction. Either the bank is worried about the safety of your card and temporarily suspends the card, or the card is suspended because you owe too much on your credit card. Illegal cash out may solve the cardholder's temporary cash needs, but malicious defaults will also affect personal credit records. 7. Risk of prosecution. Once your overdue amount and time exceed the range that the bank can bear, the bank will sue in court to force you to repay. Once you are sued, it will be considered an illegal act, and in addition to repayment, it will also leave a bad record (the impact of late repayment). 8. Risks caused by black intermediaries handling credit cards. Many intermediaries on the market that handle large-value credit cards are scams and should not be trusted easily. The so-called credit card agency is to obtain personal information. Once they get a credit card, they start illegally cashing out or overdrafting wildly. (Large credit card application trap: Can you borrow 100,000 yuan with a thousand-yuan card?) 9. There is a risk that interest will be deducted in full if some outstanding debts are overdue. After setting the self-service minimum repayment, once you have sufficient funds, don't forget to go to an ATM or bank branch to repay the remaining balance by yourself to reduce the loss of penalty interest. To summarize for you: On the one hand, the risks of credit cards are security issues. Card users need to protect their personal information at ordinary times, especially the last three digits to avoid being stolen; another layer of risks of credit cards comes from overdue and cash out, which are all This is behavior that the bank resents, so it is best not to overdue or cash out randomly.