Under the guidance of Huanhuan classmates, in 2012, I started the first credit card, and then began the journey of swiping cards. Now the cumulative amount of several cards has exceeded 15W+.
Of course, using the card for so many years, the benefits are still many, only the points are exchanged for a lot of gifts: Head & Shoulders shampoo, horse oil cream, millet selfie stick, the United States electric cooker, and books and a Zhejiang food coupon, 9 yuan Watch movies and so on. Eat, drink, skin care, entertainment are covered. The convertible product is still relatively comprehensive.
However, if the credit card is not used properly, it will become a card slave if it does not agree.
[What kind of person is not suitable for using a credit card? 】
This question is worth writing at the front. If you are one of the following people, it is recommended that you do not apply for a credit card, and you should cut it out:
1, can not control the desire for consumption, just brush regardless of the ability to repay people, to do a very dangerous;
2, too lazy, too lazy to look at the day of repayment too lazy to look at the bill on the day too lazy to look at the amount of people who are too lazy to repay the bills, to do more trouble;
3. Those who have no interest in making use of credit card interest-free period arbitrage, who use the credit card as a savings card, do it.
[Why I use credit card]
I personally feel that using a credit card as much as possible and fully enjoying the interest-free period provided by the bank is a very necessary matter.
【Up posture】The time value of money means that a certain amount of currency currently held has a higher value than the equivalent amount of money obtained in the future. In layman's terms, you consider market interest rate factors and inflation factors. Today's 1 yuan is definitely worth more than tomorrow's 1 yuan! So you have to hold it in your hand and let the bank pay for your consumption. When you return it to the bank, you already have 1.1 yuan (market interest rate + inflation rate), but only need to pay 1 yuan, then 0.1 yuan is yours income.
2. Speak more practically. Consumption with a card is helpful for accounting, and bookkeeping is helpful for financial management.
3. Various promotions and points redemption for banks and merchants.
Credit card tips: Cross-border credit card, saving souvenirs
Tip 1: Non-US dollars, try to choose UnionPay channel
Many credit cards have two signs: UnionPay and VISA (commonly known as Master).
Now, the mainland has become a local tycoon and it is known all over the world. Therefore, many countries have gradually opened the UnionPay credit card channel. If it is in the non-US dollar area, when you swipe your card, you must remember to choose to use UnionPay instead of visa, master, and other channels.
Tip2: To the non-US dollar area, there is no UnionPay, it is better to try multi-currency cards
Tip3: It is also possible to count "overseas consumption" at domestic airports.
Tip4: Huaxia Bank Savings Card is a good helper to go abroad
Credit Card Consumption:
1)Credit card limitShould be higher than the daily credit card spending, and then through the credit card, rather than pay for cash to spend. Leave enough cash on hand to deal with emergencies.
2) Credit card credit card spending can best be planned ahead of time, focus on spending one day after the bill date, so you can enjoy the highest interest-free period
3) ForAnnual fee for credit cardIt is best to arrange a credit card program at a fixed time each year to avoid annual fees due to forgetting.
4) Keep in mind the repayment date, not overdue, avoid late fees and interest payments
Credit card points/Activities section:
1) China Merchants Bank is famous for its good service. Consumers will have free text messages (full 100)/wechat notifications (all) but the points will be very demanding!
2) The Bank of Communications is more activities! Wal-Mart Friday consumer rebates 5%, but consumer messaging requires 3 yuan / month (12 worry free card / quarter), WeChat did not notice, only check their bills! Now Bank of Communications recommends 3 people to send a card and also send air purifier worth 1200!
3) The great advantage of Guangfa Card is that there is no fee for inter-bank repayment, and any bank withdrawal is also free of charge. Please note that Guangfa Card is not password-consumed. Therefore, it is necessary to pay attention to the time period for each bank's compensation for the amount of the stolen brush after the loss of the card (there is no relevant document, so there is no link at the moment)
Credit card limit:
1) How to avoid the reduction of credit
Sustained long-term small-scale consumption has accumulated. There is no limit on the amount of credit cards used each time, so you don’t have to worry about the sub-surface problem, like using small amounts of money, and spending a lot of money. If you don’t, credits will be reduced faster, and you don’t need to inform yourself that the bank directly reduces the amount. .
Repayment on time. As mentioned earlier, small-sum consumption is also mainly based on the individual's tolerance range. If there is a large amount of credit card spending in the current month, it can be paid in installments at the time of repayment. This is a more sensible approach and does not affect the credit line. Of course, it can also be When the minimum repayment amount is refunded, the remaining amount will be returned slowly. This method also does not affect the credit limit, but there will be a high compound interest rate. The interest-bearing date is calculated from the time when you were spending the money, not that you It is certainly not advisable to repay debts as soon as the money ends, and the amount will be affected.
Credit Card Arrears/Loans Section:
1) Withdrawal fee is 1% and the minimum fee is 10 yuan. The unified handling fee was 0.72%, and the CMB's 2, 3, and 6 were higher than the 1.0%, 0.9%, and 0.75% respectively; the 10, 12, 18, and 24 were slightly lower, being 0.7%, 0.66%, and 0.68%, respectively. 0.68%.
Credit Card Tips: How Credit Cards Pay Dollar Bills
1. You can use cash to buy US dollars at the bank counter for repayment. This method is really time-consuming and laborious. I absolutely do not consider it.
2. Online banking self-service repayment. It is also possible to purchase foreign exchange through renminbi deposits, that is, to deposit the same amount of renminbi before the repayment date, and to log on to online banking for repayment of purchases and remittances, which is also very convenient.
The automatic purchase of foreign exchange is the automatic purchase of foreign exchange on the billing day after the setting, and the bill automatically generates the renminbi bill. At the time of the repayment date, the RMB will be directly drawn.
Those pits for credit cards:
Interest rate trap? Instalments are afraid you know
According to our earlier algorithm, if the 10,000 yuan option is returned to the bank in 12 phases, what is the actual annualized interest rate?
Loan principal: 10,000 yuan
The repayment amount per period is 10000/12+10000×0.66%=899.33 yuan
The fee for each period = the total amount of the installments × the charge rate of each period.
You did not discuss the pit, the five major misuse of credit card
First, cash withdrawal cannot be exempted during the interest-free period
Little friends all know that the most attractive aspect of credit cards is that they can “freely” borrow money, and credit card consumption can be exempted from interest during the interest-free period.
Second, to take out their money may also charge fees
Continuing to talk about this withdrawal, in fact, even if your credit card does not have any money owed, more money is deposited (overdue payment). If you want to take out more money, there is probably a fee, because Some banks also need to charge handling fees for cash withdrawals.
Third, interest-free limit credit line (credit card limit)
This article especially needs attention for local tyrants. As far as I know, a bank has a local tycoon credit card. The maximum credit limit can reach 1 million, but the maximum interest-free limit is only 100,000 yuan. In other words, if a large local tyrant has won a million high-end credit cards, and then boldly brushed 500,000, of which 100,000 can be interest-free, but the remaining 400,000 will bear interest from the date of the card.
The interest-free quota is the part of the bank that you can really use to make money. It is not a credit line!
Fourth, cross-bank repayment has a ceiling
Therefore, we must remind everyone that even if the automatic repayment function is selected, it is best to confirm on the final repayment date whether or not the debt is fully paid off in time. Otherwise, it will not only be subject to interest, but may also be credited to it.
Fifth, do not use credit card money as money
The square credit card sometimes feels a bit like Pandora's box. Once owned, the desire is endless.
Our credit card quotas are often more than we have a month's income, and some are even much higher. Therefore, if a young devil with a high credit card holding a large amount of credit in his heart pops up a little, we are likely to lose a thousand years of hate!
So, be careful to make Wannian Boats and sisters cheer for the cultivation of God!
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