Credit cards (debit cards) can also buy houses and cars, and those who make good use of them are king

- A brief discussion of the pros and cons of credit cards (debit cards)

< p> Nowadays, when China is dominating the world with Alipay and WeChat Pay, major banks are also trying their best to get a share of the pie through credit cards (debit cards). So, are credit cards (debit cards) good or bad? Everything in society has two sides, including the use of credit cards (debit cards). Based on my many years of consumption experience and experience in using cards, I would like to share them with you:

Credit cards (debit cards) The profit of credit card: owe less favors. As the saying goes, "It is the grandfather who owes money, and the grandson who borrows money."

Once you are short of money, it is very painful to ask friends to borrow money. Everyone is short of money. If someone lends you money, your own funds will be tight. If they don’t lend you money, it will hurt your feelings. This makes many people When you are in a dilemma, a credit card (debit card) can solve urgent and unforeseen needs at this time, especially doing business, buying a house, buying a car, or hospital treatment and saving lives.

2. Accumulate personal credit.

In the current credit era, as long as you have good credit, you can get money. If you have a white account and no record in the bank, you and the bank will borrow money just like we borrow money from strangers. , so of course it is difficult to borrow money from the bank.

3. Many points gift activities.

The credit card (debit card) mall will hold some discounts and promotions from time to time, and will also bring you some practical gifts, kitchen tableware and daily necessities from time to time, which makes us feel the benefits.

Some credit cards (debit cards) also provide free accident insurance, medical insurance, towing and car washing, enjoy the services of banks or airport VIP lounges, and can also redeem points for flights and gasoline, among other benefits.

4. There are many financing levers. If used well, you can start a business and buy a house or a car.

If used well, credit cards (debit cards) will be the best financing breakthrough for many partners to start a business. They can use credit cards (debit cards) to finance and reserve funds to start a business, buy a house, or a car. Used for personal capital turnover.

The advance overdraft function can solve your financial needs and enjoy the convenience of installment payment. Don't regard credit cards (debit cards) as a scourge because of annual fees or interest. When your income is greater than the cost of using the card, you will understand that cash is king. For example, around 2016, real estate in Paojiang New District, Shaoxing was priced at 5,000-6,000 yuan/square meter (the price of ordinary commercial housing). Many people hoped to have enough down payment funds before considering buying a house, but they did not think of using a credit card. In the second half of 2017, house prices began to double and skyrocketed. There were basically no houses priced below 10,000 yuan. You might be able to earn an extra 100,000 yuan a year, but compared with the increase in house prices, it would be a waste of time. At this time, do you still think about the cost of using a credit card (debit card)?

Disadvantages of credit cards (debit cards): blind consumption and excessive consumption

Swiping a card is not like spending money one by one like paying cash. Once you swipe it, you will feel nothing. A number that leads to blind consumption and money flowing like water. However, can you be irrational about what you should buy and what you should not buy? !

2. Failure to repay on time will result in high interest rates and annual fees

If you do not know how to take care of your credit card (debit card), you will not be able to repay as scheduled when the final payment date arrives. , the bank charges a certain interest fee to avoid greater risks, and the only one to blame is itself.

Credit cards (debit cards) basically have annual fees, but they basically have annual fee-free policies. For example, CCB only needs to swipe three times a year to be exempted; ordinary users can apply first For regular cards or gold cards, the annual fee reduction policy is very convenient. You can bind Alipay or WeChat payment to make purchases in supermarkets or shopping malls, 5-6 times a year.

3. Impact on personal credit record

Due to credit stains caused by overdue repayments, buying a house or a car will encounter difficulties in getting a loan, or the down payment ratio will increase. It will bring great inconvenience to your future life, such as booking air tickets and staying in hotels. If it is a long-term malicious debt, it will even be blacklisted by the bank. This will affect your credit life. The gain outweighs the loss. Do not overdraw your credit and use cards rationally.

Some personal suggestions for credit card (debit card) application and card maintenance:

1. Credit card (debit card) application can start from a major bank, such as Industrial and Commercial Bank of China, Bank of Communications, China Construction Bank, etc., the reason is that they are benchmarks in the banking industry. When applying for credit cards (credit cards) from other banks in the future, their credit information will be more reliable, so that they can apply for high-value credit cards (credit cards). ICBC is the father of credit cards (debit cards). It offers low borrowing interest and long interest-free repayment time. Whoever uses it will know the benefits.

2. How to increase the credit limit and apply for a high-level credit card (debit card). First, we must choose the above benchmark bank, then focus on card maintenance, various consumption and strategies, so that the banking system can feel you. With the ability to consume and repay, repay on time, participate in APP activities, and become a loyal user, it is easy to increase the limit. The application can start from the regular card or gold card. If the limit is increased, cancel the regular card or gold card through the bank customer service phone. The reason is that the level or the limit is not enough. If the other party's reply is more positive, you can go online first. Try to apply for high-level credit cards such as platinum cards. After success, immediately cancel the previous card account and increase the limit and upgrade on a curve.

3. Card usage skills. In reality, many credit cards (credit cards) are used for cashing out. Because the bank risk system is strict, you need to pay attention to the following aspects: 1) Do not swipe in whole numbers or credit cards ( credit card) is full. 2) Do not swipe your card on the same day or the next day as the statement date. 3) Do not swipe your card at the same POS machine. 4) The credit card swiping time should be within the normal range. For example, do not swipe your card at a gold store after 23:00 at night. This is not normal. 5) Generally do not go to wholesale stores to swipe at POS machines and decoding machines, because they often swipe for others and can easily be transferred to your card by risk control, so remember!

In conclusion, credit card (debit card) is a tool that promotes social and economic development and plays an immeasurable role in improving people's quality of life, except for the rich. The advantages of credit cards (debit cards) outweigh the disadvantages. It can be said that there are no disadvantages. The only disadvantage is that you do not use it well. I am also a master at teaching, so I apologize for any omissions. If you encounter any difficulties in using the card, please pay attention and communicate. Thank you all!