When you first enter the world of credit cards, you may feel a little excited but also a little confused. Credit cards not only provide a convenient payment method, but also may bring various benefits and rewards. However, if you don’t understand the basic knowledge and skills of using credit cards, you may get into unnecessary trouble. In order to help novices better master the use of credit cards
Credit card basics
Types of credit cards: There are many types of credit cards, including ordinary cards, gold cards, platinum cards, diamond cards, etc. Different types of credit cards differ in annual fees, credit limits, discounts, etc. It is crucial to choose the type of credit card that suits you.
Annual fee and annual fee waiver policy: Many credit cards charge annual fees, but some cards also offer annual fee waivers, such as annual fee waivers for full-amount purchases and first-year annual fee waivers. When applying for a credit card, be sure to understand the annual fee and pay attention to the annual fee waiver policy.
Credit limit: The credit limit is the maximum spending limit set by the bank for you based on your credit status and income. Understand and plan your credit limit reasonably to avoid extra fees caused by overspending.
Billing date and repayment date: The billing date is the date when the bank generates the bill, and the repayment date is the deadline by which you need to pay off the bill amount. Understanding and remembering these two dates will help you plan your consumption and repayment plan reasonably.
Rational consumption: When using credit cards, you should maintain a rational consumption concept and avoid excessive consumption that leads to heavy debt. Understand credit card policies: Pay attention to changes in credit card policies announced by banks, such as annual fee adjustments, changes in points rules, etc. These changes may affect your credit card experience.
Seek professional advice: If you have any questions or confusion about the use of credit cards, you can consult the bank’s customer service or seek advice from professional financial advisors.
