90% of people use the wrong credit card! Swipe the card this way and save 5,000 yuan a year!

💳 90% of people use credit cards incorrectly! Use this method to save $5,000 a year! 🔥

Credit cards are the most commonly used payment tools in our daily lives, but did you know? 90% of people do not use credit cards correctly and lose thousands of dollars in vain! 😱

✔️ Do you pay your credit card bills every month, but find that the balance is always getting bigger and bigger?
✔️ Have you noticed that some credit card points have never been redeemed?
✔️ Have you overlooked the hidden credit card benefits that can help you save money?

If you have been tricked, don’t worry! Today I will teach you the correct way to use credit cards, so that you can save up to $5,000 a year, and even earn free flights, hotels and cash back! 💰✈️

🔥 1. Only pay the “minimum payment”? You are helping the bank make money! 💀

The biggest mistake most people make is to only pay the **”Minimum Payment”** on their credit card bills every month.

📌 The bank designs the minimum payment to make you owe debt for a long time and pay high interest!
📌 If you only pay the minimum amount, the remaining balance will continue to accumulate high interest of 20%-30%!
📌 In the long run, you may pay 2-3 times the interest for the same purchase!

💡 The right way:
✅ Pay off your credit card bill in full every month to avoid interest snowballing!
✅ If you can’t pay it in full, at least pay 3 times the minimum payment to speed up the payment!
✅ Consider Balance Transfer to a 0% APR credit card to reduce the interest burden!

💰 Savings in a year: Up to $2,000!

🔥 2. Ignore credit card rewards? You may lose free flights and cash back! 😱

Many people don’t have a strategy when swiping their cards, missing out on a lot of points, cash back and benefits.

📌 Did you know? Some credit cards can give you $500-$1,000 in cash back and travel benefits every year!
📌 Many high-end credit cards offer free airport lounge access, car rental insurance, and hotel benefits!
📌 If you don’t redeem your points, some credit card rewards will even expire!

💡 The right approach:
✅ Use high cash back credit cards for daily consumption, such as dining, supermarkets, and gas!
✅ Check your credit card points regularly and redeem them for free flights, hotels, or gift cards!
✅ Combine the advantages of different credit cards to maximize cash back and miles!

💰 Savings per year: About $1,000-$2,000!

🔥 3. Still paying foreign currency conversion fees? Learn about overseas consumption 0 fee credit cards! 🌍

Many credit cards charge a 3% “foreign currency conversion fee” for overseas consumption!

📌 Traveling abroad and cross-border e-commerce shopping may cost you hundreds of dollars more!
📌 Even in China, using some international payment platforms (such as AliExpress, Amazon Global) may also charge conversion fees!

💡 The right way:
✅ Choose a “0 foreign currency conversion fee” credit card to save 3% on each overseas purchase!
✅ If you travel frequently, choose a travel credit card with mileage rewards!
✅ Use a credit card to buy air tickets and hotels, and you can also enjoy additional insurance and benefits!

💰 Amount saved in a year: about $500!

🔥 4. Does your credit card have hidden benefits? You may have wasted them! 🎁

Did you know? Many credit cards offer free insurance, extended warranty, car rental insurance, free Wi-Fi, and even reimbursement of TSA PreCheck/Global Entry!

📌 Some credit cards offer “purchase protection”, if your new purchase is damaged or stolen, the credit card company will compensate!
📌 Some cards offer a “price match” service. If the item you bought drops in price, you can apply for a refund of the price difference!
📌 Many travel credit cards offer “travel delay insurance”, and you can get compensation for flight delays!

💡 The right way to do it:
✅ Check your credit card terms to learn about all the hidden benefits!
✅ Use a credit card that offers “purchase protection” to buy expensive items!
✅ Apply for TSA PreCheck/Global Entry reimbursement to save time at airport security!

💰 Savings per year: About $300-$800!

🔥 5. Is installment payment (BNPL) really cost-effective? You may be paying super high interest! 💳

“Buy Now, Pay Later” (BNPL) seems convenient, but you may not notice its hidden costs.

📌 Some BNPL services are “interest-free in the early stage”, but if overdue, the interest is as high as 20% or more!
📌 Installment payments will increase your debt and affect your credit score!
📌 Some BNPL loans will affect your credit report and affect future loan applications!

💡 The right approach:
✅ Don’t use BNPL for things that you can buy in full!
✅ If you must pay in installments, choose a 0% APR credit card instead of BNPL!
✅ Set up automatic repayments to avoid late fees due to negligence!

💰 Amount saved in a year: About $300-$700!

🎯 Conclusion: Use credit cards like this to save $5000 a year!

🚀 If you follow these credit card usage tips, you can save up to $5,000 a year!

✅ Pay in full to avoid paying high interest! (Save $2,000)
✅ Make full use of credit card points and cash back! (Earn $1,500)
✅ Use 0 fee credit cards for overseas consumption! (Save $500)
✅ Take advantage of hidden credit card benefits like travel insurance and warranty! (Save $800)
✅ Avoid high fees on BNPL installments! (Save $500)

💡 What credit card experiences have you had? Feel free to share your money-saving tips in the comments! ⬇️