1, how to avoid the annual fee?
Credit cards have an annual fee, ranging from 10 yuan to several thousand yuan. The more advanced the credit card, the higher the annual fee. However, many credit cards are generally exempt from the annual fee for the first year, so the annual fee for the second year will be exempted after several swipes. If it is not enough, how much annual fee will be charged? Every bank is different. It is recommended that you know the number of times of annual fee exemption before handling.
2. Interest and late fees
Credit cards will have an interest-free period, and different credit cards will have differences, up to 56 days. The minimum repayment amount is generally 65438+ 00% of the repayment amount. If you only pay this 10% on the repayment date, although it will not affect your personal credit history, you will not enjoy the interest-free period, and the interest will be calculated as usual. Most banks carry out the principle of full interest, and the expected annualized interest rate is five ten thousandths per day.
If the actual repayment amount of the consumer on the repayment date is lower than the minimum repayment amount, the bank will also charge a late fee of 5% for the part below the minimum repayment amount.
3. It is not cost-effective to withdraw the handling fee.
Credit cards are different from ordinary savings cards, which mainly encourage consumers to spend with cards instead of holding cash. Therefore, if you use a credit card to withdraw cash, the bank will charge a withdrawal fee, and the transfer is also regarded as cash withdrawal. The withdrawal amount is set according to the credit card amount, which generally does not exceed 50% of the credit limit. Bank withdrawal fees are not cheap, ranging from 2 yuan to as high as 100 yuan.
Therefore, I suggest that you don't withdraw cash unless you have to.
4. Installment fee
Most banks will pay in installments for repayments with consumption above 600 yuan. Some banks will implement different expected annualized interest rates for different maturities, and banks will introduce interest-free policies to attract consumers to repay in installments. Although it is interest-free, it is actually charged. The common stages are 3, 6, 12, etc.
5. Credit cards and cards.
Regarding how to increase the credit card limit, bankers said that in the first three months after the card is opened, it is necessary to accumulate credit and repay it in full on time. Then use every opportunity to swipe your card, regardless of size, such as paying electricity, water and telephone bills. Don't underestimate these small credit card records, which is very helpful for your card activity. Credit card amount, credit card frequency, consumption type, repayment record and credit card contribution value are all categories investigated in the bank computer system.
6. Exceeding the maximum consumption
General banks allow consumers to spend more than 10% in the current month. However, for the part that exceeds the credit limit, the bank will charge an over-limit fee. The specific amount is generally 5% of the part exceeding the credit limit, and it is charged per month 1 time.
7. Credit card offers
Banks will offer different preferential activities for credit cards. Such as credit card payment, shopping discount, free points, credit card cashback, etc. Individuals can hold 2-3 credit cards according to their actual situation, and try to stagger the billing date and repayment date to improve the liquidity of funds.
Tips: Whether you are a new customer or an old customer, in fact, credit card security is the most important, otherwise everything will be useless. You must pay more attention at ordinary times, and don't do things you don't understand with your credit card ~