In normal times, many people will use credit cards to pay, so as to achieve the purpose of spending in advance. However, there are certain risks when using credit cards. What are the risks of credit cards? Do you usually pay attention? Here is a detailed introduction for everyone, so that everyone can use credit cards correctly in peacetime.
When using credit cards at ordinary times, cardholders should avoid theft, which is also the biggest problem in using credit cards. Generally speaking, credit card theft is caused by the disclosure of credit card information. Therefore, when users use credit cards in their daily lives, they must not disclose the transaction password, and at the same time protect the card information.
Credit cards are usually stolen abroad, thinking that when using credit cards abroad, you don't need to enter the payment password, just know the credit card, security code and expiration date to realize credit card consumption. In fact, it is best for users to erase the security code on the back of the card after applying for a credit card to avoid leakage.
The risk of using credit cards also comes from individuals. Many people maliciously overdraw when using credit cards, which leads to overdue repayment. The overdue credit card will generate penalty interest, which will be uploaded by the bank to the credit information center, and the personal credit information will affect the handling of various loans after it becomes worse.
Cardholders should never lend credit cards. If the lent credit card is overdrawn, the other party will not return the arrears. At this time, the cardholder needs to return the arrears. If the individual does not repay the arrears, there will be a penalty interest, and the bank will collect it, which will affect the normal life of the individual.
Users must measure their repayment ability when using credit cards for daily consumption. If individuals have insufficient repayment ability, they should use credit cards carefully at this time. Generally speaking, the amount of credit card consumption should not exceed 50% of the individual's monthly income, so as to repay the loan on time after use without overdue.
What are the risks of handling credit cards?
The biggest risk of handling a credit card is the risk of borrowing, in fact, there will also be the risk of personal capital security.
Now is the credit society, many people will have their own credit cards, and some people even have multiple credit cards. Credit cards can really facilitate our daily life and provide a stable cash flow when we are short of funds. However, for most users, many users do not have the good habit of using credit cards correctly, and some users even overdraw their credit cards frequently or even maliciously overdue them.
First of all, the risk of 1 is loan risk.
This kind of loan risk mainly refers to credit card overdraft. For some young people, some young people's consumption habits are too advanced, and they often overdraw their credit cards. The income of young people is generally not so high, and some people can't pay back the money after borrowing a credit card, which will lead to overdue status. Overdue credit card is a very serious breach of credit, which will not only affect a person's personal credit information, but even make a person bear legal responsibility in serious cases.
Secondly, the second risk is the risk of personal capital security.
Because now is the Internet age, many people will use online payment to buy goods. Some people may disclose their personal information online. Once this happens, this person's credit card will be unsafe. At this time, the risk of personal capital security is very easy to occur. Generally speaking, this kind of risk can be avoided actively, and we'd better develop correct online habits at ordinary times.
Third, credit cards will also have many benefits.
As I said above, in addition to the risks of credit cards, credit cards can actually provide stable cash flow for everyone. Many credit cards have interest-free periods. As long as the user repays the debt within the interest-free period, this period can be directly understood as the cash flow in the empty window period without paying any interest.
Finally, although there are some risks in handling and using credit cards, I think personal operating habits will play a more important role.
What are the risks of credit card swiping? How to prevent it
Nowadays, the use of credit cards has become more and more common, but the risk of credit card swiping has always existed. As a credit card user, do you know what the risks are? Do you know how to prevent these risks? How to seek advantages and avoid disadvantages is what we should learn.
Teach you a few tricks to see through the fraud of large credit card institutions
Risks and preventive measures of credit card swiping
1, the risk of personal information being stolen. Credit cards have an available limit. If your card is stolen by others, it is difficult to get bank compensation. You need to prove that your card type is within the bank's card loss protection service. In order to avoid the card being cloned, try not to swipe your card in some informal merchants and try not to let this card leave your sight.
2. The password setting is simple, and the credit card is at risk of being stolen. A simple password similar to six repetitions is not enough to ensure the security of credit card holders' funds. The public should pay attention to the safety of using the card and the password should not be too simple. When swiping a card, it is necessary to prevent the magnetic stripe information of the card from being stolen by criminals and made into a fake card.
3. Bad credit records are easy to leave "stains" and there is a risk of demotion. If the bank determines that you are suspected of cashing out (using a unified POS machine to swipe your card continuously), or you use your card abnormally, or you fail to repay the loan within the time limit, the bank will reduce your quota. When there are records such as malicious cashing and untrue information in personal information, it is more harmful to credit records.
4. The credit card is not activated and the annual fee is charged correctly. Before the cardholder is activated, banking financial institutions shall not deduct any fees. In fact, however, due to the high cost of credit cards, some banks still charge annual fees for inactive credit cards. If the credit cards of CCB and Bank of Communications are not activated, the annual fee for the first year can be waived, but the annual fee for the second year will be charged as usual. )。
5. Installment payment hides the trap of high interest rate, which is risky (what are the traps of credit card installment repayment? )。 If the cardholder is not short of money, it is best not to apply for installment payment. If you are not sure when you can get the repayment funds in the future, but the time may not be long, you can choose to pay the minimum repayment amount and pay it off in one lump sum when the funds are sufficient. If the future income is stable, and it cannot be repaid in full temporarily, the installment period can be determined according to the monthly repayment ability. The shorter the general term, the lower the expected annualized interest rate.
6. Risk of card suspension such as illegal cashing of credit cards. Stopping the card is an upgrade of demotion. Either the bank is worried about the security of your card, or it stops because your credit card owes too much. Illegal cash withdrawal may solve the temporary cash demand of cardholders, but malicious breach of contract will also affect personal credit history.
7. risks. Once your overdue amount and time are beyond the bank's tolerance, the bank will force you to repay. Once it is, it is considered illegal, and it will leave a bad record (the influence of overdue repayment) in addition to repayment.
8. Black intermediaries handle credit card risks. Many intermediaries dealing with large credit cards in the market are deceptive, so don't believe them easily. The so-called credit card institutions collect personal data. Once the credit card is done, they begin to cash out illegally or overdraw wildly. (Large credit cards can be used to deal with traps. Can I borrow 65,438+10,000 yuan with a thousand yuan card? )
9. If part of the arrears are overdue, the risk will be deducted in full. After setting the self-service minimum repayment, once the funds are sufficient, don't forget to repay the remaining debts at atm machines or bank outlets to reduce the loss of penalty interest.
To sum up for you: on the one hand, the risk of credit card is a security issue, and users need to protect their personal information, especially the last three yards, to avoid being stolen; Another risk of credit cards comes from overdue and cashing out, which are behaviors that banks don't like, so it's best not to overdue or cash out at will.
What are the risks of credit cards?
There is no risk for users to apply for credit cards. As long as it can be used normally after handling and there is no overdue behavior, there will be no problems. However, if the credit card is overdue, the bank will report the personal overdue record to the central bank's credit information system, which will leave a stain on personal credit and affect future loan approval. Credit cards are actually closely linked to the central bank's personal credit information system. Both the application and the user's usage will be displayed in the personal credit report of the central bank. Therefore, when users use credit cards, they must repay them on time. Of course, these two aspects also need attention:
1 to avoid blind consumption. For most users, the amount in a credit card is just a number. Therefore, when shopping, we spend money like water and buy a lot of useless goods, which leads to waste. Therefore, users must avoid blind consumption when using credit cards.
2. Avoid excessive consumption. Due to the installment payment function of credit cards, many consumers often use credit cards to buy some digital products. Of course, in this process, users should avoid excessive consumption, so as not to be unable to repay.
3. When using credit cards, you should pay attention not to overdue repayment, have good repayment habits, do not blindly handle high-grade credit cards, and protect your information from being stolen.
(1) When using a credit card, overdue repayment is the most taboo.
Failure to repay on time is the most taboo thing to use credit cards.
These credit stains have a great influence on mortgage to buy a house and buying a car. From the perspective of risk control, banks are reluctant to lend money to people with credit stains, and they will think that such users will be at risk of overdue or bad debts.
(2) Have good repayment habits.
After getting the credit card, you must control your consumption desire. Don't swipe your card willfully. If you can't pay off on the repayment date, you will choose to pay by installment. In fact, installment will generate high interest, and a vicious circle will lead to more and more debts.
(3) Don't blindly apply for advanced cards.
For example, the annual fee of some ordinary platinum cards has reached several thousand, so you should know it carefully before handling it, because if you forget to repay the high annual fee, it will also cause credit stain.
(4) Protect personal information from being stolen.
We must pay attention to this problem and protect personal information.
Once you find that your credit card has been stolen, the first thing to do is to call the customer service and tell the bank that this is not my consumption and ask the bank to suspend the credit card. The customer service will let you swipe your card at the nearby ATM and get the consumption receipt.
The second is to call the police to prove where you are, and then take this evidence to the bank's credit card department to wait for the bank's investigation.
What are the pitfalls of credit cards?
1. Minimum repayment amount with high interest. "Minimum repayment amount" refers to the minimum repayment amount stipulated by the issuing bank when the cardholder cannot repay all the due payables. Generally, the minimum repayment amount is 10% of the consumption amount and other payables. When the repayment period is not full, the cardholder who enjoys the minimum repayment amount will be charged high interest by the bank. Cold anatomy of minimum repayment amount: The expected annualized interest rate of "minimum repayment amount" is as high as 18%, which is the highest among all types of installment business. The setting of the minimum repayment amount of the bank can help cardholders who can't repay on time to some extent, but in essence, the repayment amount is divided into two stages, one is to repay a small part of the minimum repayment amount on the last repayment date, and the other is to pay off the remaining debts on the next bill repayment date. Consumers are advised to avoid choosing the minimum repayment amount when they cannot afford it. It's easy to cancel the automatic installment bid. "Automatic installment" is a special setting of credit card limit. As long as the credit card consumption in each period reaches the agreed amount, the bank will automatically regard this business as an installment business. Some consumers click automatic installment when they apply for a card, and even if the online shopping cost is 10 yuan, it will be paid automatically by the bank. Needless to say, the automatic installment business needs to bear a high rate. Interest-free loans are really expensive. In many preferential activities of the bank, interest-free loans will be provided. Its essence is to promote installment payment to cardholders, but the tool has become a cash limit, and the rate is often higher than the ordinary installment payment fee. The reason is that the investment of consumer funds in this installment business is uncertain and the risk is higher than that in the traditional installment business, so the handling fee is slightly higher. In fact, high-quality credit card customers can indeed enjoy interest-free loan lines, but this has become a disguised high handling fee. The installment payment method adopted by banks can be divided into 6 to 24 installments. Although the number of installments is different, the handling fee for each installment is calculated, and the expected annualized interest rate that the cardholder really has to pay is 16.22%. 4. prepayment still can't escape the handling fee. Most banks stipulate in the installment service terms that if the cardholder applies to pay off the outstanding installment balance in advance, the cardholder must pay off the outstanding installment balance and handling fee in one lump sum after the approval of our bank. Such prepayment is obviously meaningless.
That's all for the introduction of credit card risk points.