If the balance owed after the credit card bill is issued does not match the actual usage limit, it may be due to the following reasons:

1. The last credit card payment was not paid off in full: each If the monthly credit card bill can be paid off in one go, no other interest charges will be incurred. However, many people are unable to repay the full amount and only pay the minimum amount or apply for installments. These two repayment methods only It can ensure that it is not overdue, but interest charges will be incurred and will be included in the next period's bill balance.

2. The credit card in the last period is overdue: the minimum payment on the credit card in the last period is not paid, or the payment is not made within the specified period, the outstanding balance will be fully paid from the date of consumption. After calculating the interest and charging liquidated damages, it is very possible that the next credit card bill will be thousands more than the actual amount.

3. The annual fee of the credit card was deducted: The annual fee of the credit card is collected once a year. If the conditions for exemption are not met, it will be directly deducted from the limit. For example, the annual fee of many high-end credit cards, which is several thousand, cannot be exempted. Yes, the deducted annual fee will be included in the next bill, which will also cause the credit card bill to be thousands more than the actual amount.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Main features

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify payment procedures and save social labor;

7. Credit cards can promote product sales and stimulate social demand.

Financial Management Strategy

1. Control the number of credit cards and only have enough.

Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered and it is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.

2. Keep the credit card receipts

Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. And many people do not set passwords on their credit cards. Discarding the credit card credentials at will may lead to theft of the credit card.

For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.

3. Reduce cash withdrawals

Credit cards have two functions: overdraft and cash withdrawal, but cash withdrawals require a certain percentage of handling fees, and even if you deposit your own money into it, you will be charged. Therefore, it is not cost-effective to use a credit card to withdraw cash or use it as a passbook.