1. Annual fee

Almost all credit cards have annual fees, which range from ten yuan to several thousand yuan. The more advanced the credit card,min pay the higher the annual fee. Some users only know that the annual fee is waived in the first year and how many transactions per year can be waived, but they don't know how much annual fee will be deducted if they don't make enough transactions?

2. Interest and late fees

Credit cards have interest-free periods.ofw quick cash loan online It is the number of days between consumption and the repayment date. Generally, the longest is 56 days. There will be differences between different credit cards.

The minimum credit card repayment amount is generally 10% of the amount owed. If we only repay 10% on the repayment date, it will not affect our personal credit record, but we will not be able to enjoy the interest-free period.debt consolidation The daily interest rate is five ten thousandths.

If the repayment amount is lower than the minimum repayment amount on the repayment date, the bank will charge a 5% late payment fee for the portion lower than the repayment amount.

Also: Users generally have the opportunity to change the billing date once every six months.

3.ATM cash withdrawal

Credit cards can be used for interest-free purchases, and you can also withdraw cash for emergencies. But at this time, you need to know that credit card cash withdrawals are subject to handling fees, and transfers are also regarded as cash withdrawals, and a handling fee of 0.5% per day is charged.

4. Excessive consumption

Cardholders can spend free of charge within a fixed limit, but once you exceed the fixed limit of the card, a certain amount of interest will be charged. Generally, banks will give you a fixed 10% limit on your over-limit credit card, and charge a handling fee of 0.5% per day.

5. Don’t treat your credit card as a debit card

Credit cards are used for overdraft consumption. The money you deposit into the credit card is called overpayment, and overpayment is interest-free. If you want to withdraw cash, the bank will also charge a certain amount of overpayment interest. Therefore, depositing money on a credit card does not accrue interest, and you have to pay handling fees when withdrawing cash, which is very uneconomical.