Find out which credit card you applied for
Why do you want to put the first one in this article?
This is because the first thing many people do after getting a credit card is to look at the credit limit, and forget to look at the card's bill date, repayment date, etc., although these will be noted on the bill of each issue, but what if they forget to look at the bill? So understanding is the first step.
Moreover, each credit card will have some special features, such as buying air tickets and sending insurance, etc. Only if you understand these, you can make the credit card fully realize its "potential".
Reject uncontrolled consumption
Because you can't see the cash payment when you swipe the card, there is no limit to consumption, and when you realize that the consumption exceeds the income, it is often the time to receive the bill. Therefore, you must control your consumption when using a credit card, although each time you swipe the card to spend some small money, it is enough to scare yourself.
When you feel that you can't control your consumption, you may wish to change to cash settlement, and temporarily do not use a credit card. Or small money in cash and large payments by credit card. From a psychological analysis, the average person rarely cares about small money when consuming, but no matter what method of payment is used when buying large goods, they will calculate it. Of course, what is a small amount of money and what is a large commodity must be determined according to the income of the individual, and cannot be generalized.
On-time and overpayment
Be sure to repay the loan 1-2 working days in advance. Otherwise, once it is too late, even if it is only more than a day, the bank will calculate interest.
As for the overpayment, it is because sometimes when repaying, some people will ignore some fractions, such as a few dollars, or a few cents, etc., which will lead to a circular interest on the next bill. The bank does not charge interest according to the amount owed, but the amount of each consumption of the statement of the previous period is the interest-bearing principal, from the date of accounting to the date of repayment of the account is the number of interest days, and the daily interest rate of 5/10,000 is the interest rate. In other words, you have to pay back 410 yuan this month, but you only pay back 400 yuan, so the interest is not calculated at 10 yuan, but according to 410 yuan.
Set up linked accounts
Setting up linked accounts can avoid incurring various charges due to forgetting to repay the loan. Of course, the deposit in the linked account must exceed the amount that should be repaid, otherwise it is useless if you set it.
Use cash withdrawals and minimum repayments with caution
Credit cards have a cash advance limit, so some people are accustomed to overdraft withdrawals from credit cards, but the fee charged for credit card overdraft withdrawals is higher, in addition to the handling fee, there is interest on the cash withdrawal amount of 5/10,000 per day. And cash withdrawals are not entitled to interest-free treatment, so they must be repaid as soon as possible after overdraft withdrawals.
If you sometimes can't pay the full amount because of the shortage of funds, you can choose the minimum repayment amount when repaying the loan, which can avoid being recorded in the bad credit history and will not incur late fees. However, after the maximum interest-free period, if the full amount is not repaid, the bank will charge a certain amount of interest until it is fully repaid at once. If you can't pay off the full amount for a long period of time, you may wish to try the bank's installment business, the amount to be repaid in months, this business does not charge interest, but need to pay a handling fee.
However, different banks have different rules for installment payments, and it is best to consult the bank by phone before using it.