How to use your credit card to make more money as you spend?

1. Choose a card

Choosing a credit card that suits you is the first step to becoming a card expert. Choosing the first credit card wisely can help us spend less money in vain.

First, choose a bank. Generally speaking, commercial banks have more preferential activities than state-owned banks. It’s more affordable to get a credit card from a commercial bank.

Purposefully choose the type of credit card that suits you based on your actual consumption situation.

Business people: It is more cost-effective to choose a credit card that can redeem airline miles with points and enjoy discounts on hotel bookings.

Shopping experts: It is more cost-effective to choose a credit card with more affordable promotions.

2. Use the card

Make good use of the longest interest-free period to earn interest.

Three important dates on your credit card:

1. The billing date is a monthly card account settlement date set by the bank for you (for example, the billing date set by the bank is the 1st, Then the money spent on the card after the 1st will be recorded in the next month's bill.

2. The repayment date is the last day that the money used in this month must be repaid (if the repayment is not made in time. , the credit score will be affected, and the biggest problem is the interest rate discount for future loan purchases. Secondly, the bank will no longer provide interest-free services, and it will charge more interest and late fees.

3. No interest is required for card purchases between the interest-free date and the repayment date.

Interest-free period: Try to use credit cards instead of cash during the interest-free period, and use the interest-free period to buy stable income. Financial products to earn interest.

For example: If you plan to buy an iPhone No., what will you do at this time?

1. How to make money by taking advantage of the longest interest-free period

Because your credit card bill date is June 1st, which is the smartest thing. The best way is to make a purchase with your card on the day after the bill date, which is June 2, and deposit the 10,000 yuan in your hand into Yu'e Bao. The bill date for this consumption is July 1. July 20. So, there are almost 50 days from June 2 to the repayment date of July 20. During this 50-day interest-free period, the 10,000 yuan you have in Yu'e Bao can generate 66. During the 50-day interest-free period, you can get a profit of 66 yuan. 2. Use points to earn air tickets. The most cost-effective way is to redeem points for air tickets. It is divided into off-season and peak season. It only depends on the mileage distance between the two places.

Teacher Qian’s family of 7 can use credit cards for round-trip air tickets from Shanghai to Chongqing. Points can be redeemed for free.

Travel Experts: Use credit cards co-branded with airlines to redeem air tickets for an easy trip.

Misunderstandings in using credit cards

Domestic consumption: no installments, no cash withdrawals, no deposits

Overseas charges: refuse VISA to use UnionPay

Misunderstanding 1: "Interest-free installment" and "interest-free installment repayment" "It's not completely free. The bank will charge a certain installment fee.

Don't trust the bank's promotion. If you can't do it without installment, don't do it.

Misunderstanding 2: Withdrawing existing money by credit card .

Not only does the money you deposit with a credit card have no interest, but there is also a handling fee for withdrawing it.

Misunderstanding 3: Blindly choose the VISA channel

When swiping your card overseas, the waiter will say that you can get a small gift by swiping the VISA channel. In non-USD areas, the VISA system charges a "counting fee." This "money counting fee" is the handling fee for converting RMB into U.S. dollars and then converting U.S. dollars into local currency. Therefore, if you are swiping a card in a non-USD area, you must remember to tell him to choose UnionPay instead of VISA.

"Using UnionPay Overseas" Currently, the global special promotions for UnionPay cards are becoming more and more abundant, with various types available online and offline, and the discounts are also very high.

Summary:

Credit card selection and card use are two parts.

Choose credit cards from commercial banks, because such cards are more affordable than state-owned banks. Pay attention to the characteristics of various credit cards and choose according to your needs.

Use the card: Take advantage of interest-free periods and points.

Remember the card usage tips: no installments, no cash withdrawals, no deposits within the country. Use UnionPay overseas.

Don’t expect to make more money as you spend more with credit cards. It will only make your hole bigger and bigger. Unless you have a money-making project, temporary turnover, and can pay it back immediately. Credit cards are a double-edged sword. Most people play with them. Not turning. Think twice before you act, and speak from the bottom of your heart.

I don’t feel that the more I spend, the more money I get. Even if I do, the increase in money is unlikely to exceed the money spent on credit cards.

Instead of pinning your hopes on credit cards, it is better to honestly increase revenue and reduce expenditure. There is some money left each month that can be invested in financial management. Women's Day is coming soon, use the interest from financial management to give gifts to your mother, aunts, aunts or yourself.

Isn’t this delicious?

It all depends on personal operation