Favor Credit Card

Why do some rich people like to use credit cards?

They will all apply for several credit cards, increase their credit limit, create more spare funds, and build their own credit score. Because:

Credit card is: the back road!

Credit Cards are: Entrepreneurs’ Firewall!

Credit card is: a backup tire for successful people!

Credit card is: a special medicine for the poor to turn around and become rich!

It’s quite interesting to say that very rich people are the ones banks compete to issue credit cards to, not those who are short of money. Banks will also develop different levels of credit cards based on the customer's economic level and wealth. The common ones are regular card, gold card, platinum card and diamond card.

Are the names louder than the last? In fact, not only is the name nice, the cards are also getting better and better looking, and the diamond card is much more grand than the ordinary card. This is why some people who don’t want to apply for a credit card have a bunch of credit cards in their hands, while some people who want to apply for one can’t even apply for one.

First of all, banks feel more secure when issuing credit cards to wealthy people. Relative to income, safety is the most important. If the capital is gone, what's the use of the interest? Therefore, the most important thing for banks is to preserve principal, and secondly to earn interest.

Secondly, rich people know how to utilize resources better. Using credit cards within reason is a good thing. Rich people use credit cards rationally to save their own money and reinvest it; when rich people have no money, they will boldly overdraw their credit cards if they want to get things done, while people without money are more cautious and do not want to spend money. Tomorrow’s money, I’m afraid the burden will be too heavy.

Again, using a credit card is cost-effective and convenient. When you use a credit card to make purchases, you can enjoy a period of interest-free period. Since you want to buy things and consume, why not make full use of it instead of spending your own money first? If you use a credit card to make big purchases and then repay the money when it is due, it is very cost-effective. Even if the money saved is kept in the bank for its lifetime, it will still earn some interest.

I also saved points and got various consumption discounts, which are actually quite affordable. Needless to say, using a credit card is convenient. When traveling for business or travel, you only need a credit card. You don’t have to prepare a special amount of money, and you don’t have to worry about not having enough money.

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1 The times are changing. We are now entering an era of developed finance, credit consumption, and early consumption. Credit card consumption is moving from traditional cash transactions to credit transactions. This is a business efficiency and convenience Improve

2 I think that not only ordinary people but also rich people have the habit of credit card consumption, especially when life is stressful and their own cash flow is limited, they should retain cash flow turnover to the greatest extent without using it. The mode of saving your own funds and using credit cards for consumption is also a way to revitalize your cash consumption.

3 It’s just that the rich have high incomes and stable expectations for the future, all because they use external funds to solve problems to the greatest extent, and manage their own finances and preserve and increase value as much as possible. With income and liabilities, allocate credit cards for consumption. On the one hand, you can enjoy convenience and discounts, and on the other hand, you can also revitalize cash flow. Many people are also caught up in the desire to consume and fail to control credit card consumption at a reasonable level. In the end, they become card slaves. Some people turn credit cards into cash consumption and management tools to realize and even increase financial value, while some people turn credit cards into overdrafts for consumption desires.

Using a credit card well can increase a person's credit. If it is not used well and it becomes overdue, it will reduce your credit in the bank and directly affect your future loan business at the bank. Rich people like to use credit cards just to improve their bank credit. After all, they all deal with banks. And poor people don’t like loans and debt, so they don’t like to use credit cards!

The richer people are, the more likely they are to use credit cards, while the poorer people are, the less likely they are to use them. I used to hear that credit cards are really scary. First of all, I would think:

1. Spend as much as you earn.

2 Credit cards also charge annual fees. Since there is an annual fee, there is no need for it.

3 If you are overdue, you will have to pay penalty interest. If you file a credit report, forget it!

However, now I feel that credit cards are:

1. Use credit assets to leverage personal leverage.

The two-year fee is nothing and can be waived.

3 Improve personal credit, money makes money.

In the past, when I went out, I had to carry a lot of cash with me, and there was a possibility of it being lost. Now, I just need to bring a card. Credit cards have changed the way we pay, whether it’s thousands, tens of thousands, or tens of thousands. If you don't wait, just swipe my card.

Benefits of using a credit card:

1 Improve personal credit

2 Redeem points for gifts

3 There is an interest-free period of 50-56 days

4 Use it first and then pay it back

5 Different credit cards enjoy different rights

At the same time, credit cards are divided into levels. The stronger the financial resources, the higher the limit you can handle. The higher the level, the higher the benefits you will enjoy.

Credit is wealth!

This very simple principle is the credit system. What kind of society is it now? It is a credit society, not a wealthy society. Anyone who doesn't owe money is not a rich person.

Let’s talk about which Jack Ma, Ma Huateng and the like don’t owe money? There are many people who don’t understand and feel that they can’t spend all the money they have. In fact, it only takes a matter of minutes. Anyone who is a senior executive in a large company should know that sometimes crises are invisible.

I digress, let’s talk about this simple thing. I use a gold card and you use a regular card. Why? status gap. To put it simply, I go to the bank and borrow 100,000 yuan directly, but you can only borrow 10,000 yuan. Why? This is an analogy. The credit system is convenient for rich people, but nothing will work for those without credit.

Many people think that if I have money, why would I use a credit card? All I can say is, how rich are you? Is it enough to spend? You can't spend all the money you can make, so the Bank of China needs to be contacted. People who don’t have access to banks don’t have much money. Ordinary people who don’t use credit cards don’t have much money. Now 1.8 million is called money, right? It's not like before. Rich people need to be friendly with banks in order to develop, and credit cards are the easiest.

The biggest difference between rich people and people who are short of money is their different understanding of money. Rich people often collect their change and use it as capital to achieve money-making, that is, financial awareness. People who are short of money tend to look down on small money, thinking that they can't do anything with this little money. They don't have the habit of making more from less, and they don't have the awareness of financial management. And money has time value, and the richer people are, the more they understand this truth.

Therefore, there is a phenomenon of rich people taking advantage of the interest-free period of credit cards, using bank money for free to do their own things, but concentrating their change for financial management.

Of course, wealthy people are more willing to use credit cards. Perhaps they are more familiar with financial knowledge and want to use credit cards to spend money to cultivate good credit.

Cognitive problems are even more terrifying, people without money are trapped (not knowing)!

Because credit cards have an interest-free period of about one month. If you use them well, you will be a card god, but if you use them poorly, you will be a card slave.

Nowadays, more and more people like to use credit cards. What is the charm? Naturally, there are many benefits to using credit cards. I have summarized them and they have the following benefits:

1. Accumulate personal credit record: Spending more on credit cards and being able to repay in full on time can improve your personal credit history. Credit card limits and creditworthiness. With a good credit record, it will be much easier to get approved for a loan to buy a house or a car.

2. Relatively safe: By swiping your card for consumption, you can carry less cash with you to avoid losses caused by theft or loss of cash. Even if your credit card is stolen or lost, you can report the loss as soon as possible after discovering it, minimizing the loss of money.

3. Owe less favors: When you are short of funds and need cash to meet urgent needs, you will inevitably feel embarrassed to ask for a loan from relatives and friends and still owe favors. At this time, an overdraft credit card is a good choice. The 60-day interest-free period is enough for you to pay back the money next month.

4. Save money: Nowadays, many credit cards cooperate with merchants for promotions. For example, discounts or cash rebates. In addition, credit card consumption points can also be redeemed for some daily necessities, or lottery activities, etc.

5. Relieve financial pressure: If you have a certain amount of pressure to repay when the consumption is large, you can use a credit card to pay in installments and enjoy your favorite products in advance. Of course, you should consume within your means in advance, and certain procedures need to be paid for installment payment.

6. Convenient financial management: You will receive a detailed consumption statement in paper or email form after the billing date. You can clearly see your monthly consumption and expenses from the bill. It is much more convenient than the cash accounting method.

7. Educate your children’s consumption awareness: You can apply for a supplementary card for your children, so that you can understand their consumption and financial status and educate them on financial management and consumption awareness.

8. Additional benefits: Some credit cards can provide additional benefits such as free car wash trailer oil delivery, accident insurance, medical insurance, airport VIP lounges, and points exchange for miles.

Of course, the existence of a credit card is a double-edged sword. While it is convenient and timely, you need to control your desires and avoid blind consumption and excessive consumption.

What are the unspoken rules for promoting credit cards. . Ask for a solution

The newspaper’s report on June 20, “I didn’t apply for a credit card but received an overdraft statement” attracted a lot of attention. Ms. Li's experience of applying for a credit card as a "card application task" for a friend aroused the uproar of many readers. "Most of the wallets are "favor cards", all for helping relatives and friends complete a large number of credit card processing tasks." This kind of experience has become very common. Why do banks dominate the credit card market so much? The reporter takes you to explore the "story behind" credit card processing.

At 10:20 a.m. on June 20, the sun was blazing in downtown Weihai, and the temperature had made it difficult to stay outside for a long time. Wang Wei (pseudonym), a credit card promotion clerk at a bank, is still "sweeping the streets" carrying a heavy bag of gifts. Walking through the streets and entering various office buildings, companies, and shops along the road to promote credit card business, Wang Wei vividly called it "sweeping streets" and "sweeping buildings."

1. If you can’t complete the task in two months, you will be laid off

“Who wants to work so hard on a hot day, but the task is overwhelming. It’s not open today, why don’t you ‘scan more and run faster’ "Explain." Wang Wei said frankly that being a credit card salesperson must have "strong enough ability to withstand pressure." Not only do you have to endure hardships, but you also have to endure tremendous pressure.

“We can walk in one day what ordinary people can do in a week. At most half an hour of morning meeting time is spent in the office every day, and the rest is ‘outdoor work’.

"Wang Wei said that because "sweeping buildings" and "setting up stalls" are normal jobs, he often calls himself an urban migrant worker in a suit and leather shoes.

In addition to being able to endure hardship, the pressure of the workload of salesmen often makes them I can't breathe. Wang Wei revealed that the current workload of his credit card center is 110 for each salesperson per month. Only if he applies for 60 credit cards in a month can he get a basic salary, and only if he applies for 110 can he get a full bonus. .

“You have to apply for 6 or 7 cards every day. There was a morning meeting the next morning, and the workload had to be listed. "Wang Wei said that if you apply for one or two cards every day, the director will talk to the employee. If the task cannot be completed for two consecutive months, the salesperson will be laid off.

Because of such pressure , the staff turnover of credit card salesmen is very fast. Half of the colleagues who entered the industry with Wang Wei died quickly, but those who survived generally have a certain ability to withstand setbacks and can fight in the battlefield. . ”

2. Often spend their own money to give gifts for performance

“Many times I rely on smashing gifts to ‘knock down the door’. "Wang Wei said a little helplessly that giving gifts when applying for a card has become a "hidden rule" for acquiring customers.

In order to improve performance, salesmen have to pay for gifts out of their own pockets. "If you fail to complete the task, your basic salary will be deducted. Spend some money to give small gifts. It is better to make less than not to make any money at all." Wang Wei said that gifts are also a good tool to expand the business network.

Wang Wei once worked as a salesman in Yantai for a period of time In his opinion, the Weihai market is relatively new and the competition is relatively small. He revealed that in other cities with relatively high credit card saturation, the competition between banks is very fierce, and the credit card salesmen are very "squandered". In Weihai, they usually give you small sets of tableware, but in Yantai, insulated water cups, travel bags, etc. that cost more than ten yuan are very common. ”

3. There are many loopholes in credit card applications

The reporter followed Wang Wei and his colleagues for nearly 5 hours in office buildings and streets. When applying for a credit card for the applicant, the business The clerk's introduction to the credit card usage rules and application procedures is very simple, and the applicant's salary, office phone number and other information can be provided by a "stand-in".

Wang Wei said that once the applicant is arrested, If the information filled out after verification by the headquarters is false, the salesperson will face the risk of "fraud" and will have a salary of more than 100 yuan deducted. However, the salesperson will usually ask the applicant to discuss with the "stand-in" in advance, plus the salary, etc. Information is easy to “cheat” and “generally there is no problem. "

Wang Wei told reporters that the threshold for applying for a credit card is now very low. When the salesman went to promote it, "If you are over 18 years old and have a job, you can apply for a card. "

He also admitted that there are many loopholes in the credit card application process. If the salesperson does not really want to promote the business, it is easy to use this identity to obtain the applicant's information or make illegal overdrafts. Wang Wei's bank currently Special machines have been used to recruit information, and the clerk and the applicant must meet one-on-one and face-to-face to apply. However, many banks still only rely on filling in paper information to apply. If the clerk has ulterior motives, the applicant's information and mobile phone number will be completely lost. It can be changed, and it is easy to leak the applicant’s information.

Regarding Ms. Li’s experience of being “consumed” reported in “I Didn’t Apply for a Credit Card but Received an Overdraft Statement”. Wei admitted that this situation had happened before, “Some salesmen used credit cards to make large overdrafts, but the bank could easily trace them. ”

4. The chain of interests behind “horse racing”

Wang Wei revealed that compared with debit cards, credit cards issued by banks have more sources of income and more profit margins. Large. At present, the credit card income of various banks mainly comes from annual fees, overdraft interest and handling fees paid by card transaction merchants, installment payment handling fees, etc.

Take annual fees as an example. The maximum annual fee for debit cards is 10 yuan, and even some bank debit cards still have "zero annual fee". Depending on the card type, the annual fee can range from tens of yuan to hundreds of yuan.

“Nowadays, many banks’ credit cards have introduced some measures of ‘no annual fee as many times as you swipe the card’. In fact, there is also a profit margin calculation in this. "Wang Wei said that by encouraging customers to spend with their cards, banks can get more rebate income from contracted merchants. When cardholders use credit cards to make purchases, banks can usually get 1%-2% of the income from merchants." It is conceivable that if a large number of credit cards are covered, the profits generated by the accumulation of this income will be very attractive. ”

Profit is naturally the baton that leads the bank to make great efforts to “enclose the territory”. Wang Wei said that taking his bank as an example, the head office assigns task quotas to the offices in various places, and then starts from handling services. Departments, departments, and groups all issue tasks to salesmen at all levels. Each bank has its own unique skills in occupying the market.

Although the card issuance tasks and requirements may seem cruel to salesmen, they are. The bank commission is also very large. The magnitude of the bonus is also directly proportional to the number of cards processed. The more credit cards processed in a month, the commission for each card will also fluctuate. Wang Wei said that the commission for each credit card will be approximately. Between 15 yuan and 70 yuan. If a salesperson completes the task of 110 cards, his monthly income will be approximately 7,000 yuan after deducting the cost of purchasing gifts, taxes, and insurance.

5. Most credit card salespeople have a college degree

There are many loopholes in the credit card processing process. What is the entry threshold for sales personnel? Reporters investigated in many banks and found that the application requirements for credit card business personnel are mostly college degree or above, and those with marketing work experience are preferred.

In a bank's recruitment brochure for credit card promoters, the reporter saw this information:

This is a marketing job for delivering wallets, that is, through personal visits. Give the electronic wallet of a credit card to a broad audience with a stable job, income, and residence, and use it to solve their emergencies and urgent needs in daily life. It can be said that this is the only promotion job in the marketing business that not only does not require customers to pay, but also gives money to customers!

As for the job requirements, the bank only stipulates: those with a college degree or above, under 35 years old, and those with sales experience will be given priority.

“The entry threshold is relatively low.” Wang Wei said that when he applied for the job, he only needed a college degree or above, and more marketing experience was examined during the interview. He told reporters that banks often provide training for new employees for a period of time, but the requirements for marketing skills are more focused than industry standards.

"Favor cards" and "gift cards" are crazy

Qi Yue is a white-collar worker in a trading company who has worked for two years. She showed reporters the four credit cards in her wallet. “Only the first one was done by myself, and the others were ‘recommended tasks’ for friends.” Qi Yue majored in finance in college. After graduation, many of his classmates worked in banks, including several in the credit card department. Qi Yue jokingly calls herself the "favor card" sales agency for these classmates. Not only does she have credit cards from multiple banks, she also takes on the task of selling them to her relatives and friends. She told reporters that in order to apply for more cards, she also helped contact other relatives and friends to only apply for credit cards without activating them. "In some banks, as long as the application is successful, dormant cards are also considered as card application tasks, so when some students cannot complete the tasks by the end of the month, they will come to me to mobilize favors."

Many readers are applying for " When applying for a "favor card", the procedures and usage of the credit card are not clear. "I don't know how to use it. My friend's relative works in a bank. I sent her all the information and didn't take care of it anymore." Wang Jing, a citizen, said that she had never used the credit card that her friend helped her to apply for, and she didn't even know how to repay the credit card. Annual fee required.

In addition to favors, being tempted by gifts is also a major reason for citizens to apply for credit cards. Credit card promotion salesman Wang Wei revealed to reporters that he once met a "card application expert" who applied for credit cards from six banks at once. The purpose of applying for a group card is to get the jointly gifted rice cooker.

The risk of handling 1.5 credit cards per capita in Weihai should not be underestimated

According to police from the Economic Investigation Brigade of the Huancui Public Security Bureau, Weihai currently has a population of about 2.82 million, and 4.24 million credit cards have been issued, with an average of 1.5 credit cards per capita. Zhang, there are more than 4,000 POS merchants in the city, and 6,980 POS machines have been issued. Using credit cards to cash out at POS machines is essentially taking advantage of the financing function of credit cards in disguise. POS merchants have turned into underground financing platforms that evade supervision. While disrupting the financial order, it also increases the risk of bad debts of the card-issuing bank and easily triggers related social problems. It provides convenience for crimes such as fraudulent use of counterfeit cards.

The risks of credit card processing cannot be underestimated. Many banks allocate tasks to bank employees in handling business such as credit card issuance and POS machine installation. The number of tasks completed is often linked to bonuses and job promotions of the bank's employees. As a result, in order to complete more tasks, employees in the banking department only focused on attracting customers from everywhere, and did not strictly examine whether they met the issuance conditions, making the various review procedures for issuing credit cards useless. Some bank employees even operate illegally in order to complete their tasks, which has led to an increase in financial crimes derived from banking business. At the same time, many citizens are overly trusting when entrusting others to apply for credit cards, causing their valid documents to be used by criminals. This not only infringes on their own interests, but also provides opportunities for criminals to take advantage of them.

Favors are like credit cards. It is better to overdraft as little as possible

Yes, favors are like credit cards. Overdrafts are okay, but you have to be creditworthy. As long as your credit is good, your favors will become better and better. The stronger the relationship, don’t be afraid of owing favors, and be a good friend who reciprocates courtesy, is honest and reliable

Favor is like a credit card

When I was having dinner at my mother-in-law’s house at noon, a friend of my mother-in-law called me. I got a call and said that someone in the community where my mother-in-law lives borrowed 5,000 yuan from her and hasn't paid it back for a long time. The father-in-law interjected and said, "That so-and-so just bought a car and needs to borrow money!"

The community where my father-in-law and mother-in-law lived was a house funded by my father-in-law's employer. Most of the people in the community are old colleagues and friends who have known each other for decades.

As for the so-and-so they are talking about, I don’t know him, so I can’t comment. But someone who borrows 5,000 yuan and doesn't pay it back for a long time is definitely not a good character.

Some people may say that maybe his financial situation is really difficult? I think if he has financial difficulties, he can pay it back slowly, in small amounts and many times. At least let the friend who lent you money feel at ease. You can sincerely explain to your friends that you can't afford so much money right now, so you can pay back part of it first, and then pay back the rest after a while. Just like the minimum payment or installment payment on a credit card, you won't have to pay back nothing at all.

But he didn't do that. He made his friend feel uneasy. This is a credit issue.

In addition, people like my father-in-law who have retired at home have a pension of several thousand yuan. According to the local economy, 5,000 yuan is only more than one month or two months' pension. Save a little money, take out a few hundred yuan a month, and pay it off in a few months. What's more, he still has to buy a car. The cheapest car in China costs tens of thousands of yuan. For someone who can afford a car but can't afford to repay the loan, only he knows whether he really can't afford it or doesn't want to.

It is not easy to borrow money from a friendship, and the credit limit is overdrafted. Even if it is repaid in the future, the boat of friendship will capsize.

It is really not cost-effective to spend hundreds or thousands of dollars to overdraft a favor debt and fail to pay it back overdue.

In the first few years of my career, I once changed my job and was still in the probation period. The child of a relative at home borrowed money from me. I didn't want to borrow it at first, because I had just changed to a new job, and the salary during the probation period was not high. I had to rent a house, eat, take public transportation and other expenses, so there was no surplus food at all.

I couldn’t stand his insistence, and even said that he would pay me back when my salary is paid at the end of the month. At that time, my thoughts were relatively simple. I thought he was a relative, but I couldn't save my face, so I lent him 800 yuan. This eight hundred is two-thirds of my monthly salary.

At the end of the month, he didn’t take the initiative to pay me back, so I became anxious because the rent had to be paid on the 1st, but the salary from my employer was around the 15th. I started calling him, and I still answered the phone a few times before, but I just found reasons to put it off. Then he stopped even answering the phone.

That month’s rent was paid by borrowing several hundred yuan from my cousin. As for why I didn’t talk to my parents, I think you’re an adult now that you’re working, and you have to be able to handle your own affairs.

It took a long time before I mentioned that incident to my parents. My mother said that the relative’s child had long been a bad example in the family. It seems I'm the only one who doesn't know.

He overdrafted all the family's favors and credits at such a young age before he had established his own network of contacts. It must be said that this was a very unwise approach.

There is still a long way to go in life. If you don’t think of ways to protect your credit, you will be like the child who cried wolf. No one will come to help you when you encounter real difficulties.

Since I was very young, my mother has opened a small shop after work to supplement the family income. Because my mother still has work to do, the thing about the small store is that whoever is free at home helps out. In fact, people come to buy and pick up small household groceries such as salt, soy sauce, and vinegar.

Since the purchase is done by my mother alone, no one else knows the price of the purchase. In addition, there are so many groceries that my father and I can’t even remember the price, let alone the fact that we can’t read in Chinese. grandmother. But my mother has her own method. When she is not at home, if she doesn’t know the price, she will let others take it back first and pay later.

I was very confused at first. My mother explained that they were from neighbors, and they were buying some small, worthless things, so they wouldn't pay for them. Even if you really didn’t pay, maybe you forgot, you will still pay when you think about it. If he doesn't come on purpose, he won't be able to buy again in the future. Then the rest will be paid proactively. You can get honest customers by spending a little money, and it is convenient for others and yourself, so why not do it.

This is still the case in small shops. Sometimes my mother is not at home, and my grandma is too old to tell who bought it, and she doesn't care.

I once asked my mother if the small store has ever suffered losses in so many years. My mother's answer surprised me. She said it was profitable every month.

Over the years, the neighbors have become accustomed to my mother’s business method that is convenient for everyone. And my mother will not take the opportunity to raise the selling price just because someone pays later.

Here I see the most ordinary trust.

Favor is just a credit card. Only by repaying your credit card promptly after swiping the card can you increase your credit limit by accumulating credit.

Qi Fanqi's writing self-media class

What does it mean to swipe a favor card

An extension of credit card.

However, credit cards are for money, while favor cards are for favors. When you ask someone to do something, you owe them a favor, and sooner or later, this favor will have to be repaid~~

< p>Favor Loan Story: Helping others apply for credit cards (debit cards) is a good business!

The world is ups and downs, and people's hearts are changing subtly

If favors are mixed in, confusing accounts will be more complicated

In China, the person who is most likely to get into trouble over borrowing money is relative.

In the past, my family also borrowed 50,000 yuan from relatives. Two years later, they paid back the full amount and gave them a big red envelope.

It was a good deal at first, but then the relative's business was in a slump, and he started to say some interesting things.

During the Chinese New Year, she would always mention something during the New Year dinner:

“If I had put 50,000 yuan in that stock back then, maybe I would have 500,000 yuan now. ”

Such meaningful words, although unclear, are embarrassing to the listener.

But if you think about it carefully, if you had not applied directly to the bank in order to save some interest, perhaps there would not have been such an embarrassing situation.

Someone has calculated an account:

If you borrow money from a bank, based on 12 periods and an annual interest rate of 0.80%, the interest you should repay is 4,000 yuan;

< p> 11 yuan a day, drinking less milk tea and eating less snacks is enough to repay the interest.

Borrow money from relatives with the same term of 1 year, then the interest you have to repay is:

Mid-Autumn Festival moon cake gift box 500 yuan; Dragon Boat Festival rice dumpling gift box 500 yuan;

Buy toys and clothes for your children, and give 1,000 yuan as gifts during the New Year?

The key is the interest. It doesn’t mean that everything will be fine once the principal is paid off. It may be long-term?

Loans between relatives, Charging interest will appear indifferent, and not charging interest is harming one's own interests.

Even if he doesn't care at the moment, when things go up and down, old accounts will come up, and you can't bear this account.

This is where the debt of gratitude becomes more complicated - people's hearts will always change.

Credit cards (debit cards), banks and consumers have the same leverage

The interest rate of a favor loan may seem very low, but in fact, it may be your lifetime loan. Debts that cannot be repaid.

The most fearful thing is that the world's people's minds are unpredictable, and it is inevitable that they will not have an idea in the future: because I borrowed your money, I missed the opportunity to make a fortune from 50,000 to 500,000.

But when you go to the bank to apply for 50,000 yuan, you are talking about a business deal. How much money to borrow, for how long, how much interest to pay, whether you have the ability to repay and your credit worthiness are all clearly marked.

Using money to pay time costs and opportunity costs must be the simplest, cleanest and most direct way.

Human relationships are becoming an increasingly unbearable burden in Chinese society. As China’s urbanization process and social concepts gradually accept Western thinking: in the material world, equal exchange, and money is actually the simplest currency. If the average annual compound growth rate of urban residents in the future is 2.5%, assuming that the average number of credit cards (debit cards) held by urban residents per capita in 10 years will be 2, then the average annual compound growth rate of credit card (debit card) issuance will be With a growth rate of 10%, the credit card (debit card) market must have huge space.

As of the first quarter of 2018, a total of approximately 705 million credit cards (debit cards) have been issued in my country, with a per capita number of card holders of 0.44; although the U.S. financial crisis has resulted in a per capita number of credit card (debit card) holders. However, by 2016, the number of credit cards (credit cards) per capita in the United States had reached 3.16. In other words, the number of card holders per capita in my country during the same period was less than one-seventh of that in the United States.

Archimedes once said: "Give me a fulcrum and I can move the whole earth."

For consumers, the fulcrum that leverages the entire scenario of consumption and life is the credit card (debit card).

For banks, the fulcrum that leverages huge business opportunities in consumption and the real economy is also credit cards.

This concludes the introduction to favor credit cards and true credit cards. Have you found the information you need?