Can I use a credit card for decoration?

If it is a China Merchants Bank credit card, there is enough credit limit, the card status is normal, you and the merchant have not set a limit, and the merchant can swipe the card normally, it can be swiped.

What should you pay attention to when paying in installments for decoration by credit card?

1. Not all decoration companies can use credit cards for decoration. There are designated decoration companies. At the same time, for the same installment, the installment payment processing rates are also different depending on the merchant chosen. Different decoration companies have different orders for submitting materials. Friends who need to use a credit card for decoration can make a decision after understanding it at the online credit card center where they apply for credit cards.

2. Different home decoration companies have different prices

Not all decoration companies that sign decoration contracts with banks charge the same decoration fees. It is understood that the decoration price covers a lot of content. It is recommended that cardholders go to the decoration market to check the market conditions before signing a contract, and compare several decoration companies of the same grade. When the service content is the same, understand the different prices of each company. price.

Secondly, after the home decoration started, some decoration companies had poor service attitude and poor quality. Don't pay the decoration cost all at once. You can pay it in installments. Firstly, it can increase the speed of decoration. Secondly, it can monitor the quality of decoration.

3. Consumer loans can also be used to renovate houses

Currently, most banks have consumer installment projects, and you can make a decision after comparing them. Relatively speaking, in many professional large-scale decoration supermarkets, the credit card center will also hold installment payment promotions from time to time. In addition to appropriately reducing the installment fee, you can also get gifts of varying amounts. Home decorators can get them at these large-scale decoration supermarkets. In the decoration market, you can get all the home decoration items in one stop, and you can also achieve the purpose of home decoration installment payment.

Home improvement installment means that when bank credit card holders use their credit cards to purchase products or services above RMB 20,000 (inclusive) from bank-designated home improvement merchants, they choose to divide the actual payment amount into several equal installments. A business that requires monthly repayment within a certain period and a certain handling fee.

Credit card home improvement installment means the cardholder uses the credit card to purchase goods or services at the bank's cooperative home decoration merchant. After the bank approves, the cardholder pays for the home decoration through a dedicated installment POS machine at the bank's cooperative home improvement merchant, and the corresponding transaction The amount is divided evenly into several installments, and the cardholder repays it monthly within the agreed period and pays a certain handling fee depending on the situation.

Reference material: Credit card home improvement installment - Baidu Encyclopedia

How to get a credit card for decoration loan? Can I apply for a CCB decoration loan in one go?

There are many types of bank loans, and each type of loan can be used for different consumption channels. Some loans are special loans and can only be used for specific channels, such as home loans, which the borrower can only use to purchase a house. Another example is car loans, which can only be used for personal car purchases. How to get credit card for decoration loan? Can I apply for a CCB decoration loan in one go?

How to get a decoration loan credit card?

Most banks on the market provide credit card decoration loan services. After the borrower successfully applies, it should be noted that decoration loans can only be swiped at stores related to decoration, such as furniture, home appliances, decoration companies, and hardware. wait. In other words, the decoration loan credit card can only be used at specific merchants. If the bank finds that the borrower has used it for other purposes, the bank is likely to require the borrower to pay off the money in one go.

In principle, many banks will cooperate with local decoration companies or hardware stores. If the borrower really doesn't know where to swipe his card to purchase related materials, he can call the bank directly and ask them which local shops support card swiping. Of course, decoration loan credit cards also support online purchases of decoration-related items.

Can the CCB decoration loan be withdrawn at once?

It needs to be judged based on the loan amount applied by the borrower. According to the instructions on the CCB official website, if the loan amount exceeds 100,000, it will be divided into two disbursements, with the first disbursement of 50% (and not exceeding 150,000). , the second time after the carpentry is completed, take photos and then deposit the remaining full payment.

Strictly speaking, it is best not for borrowers to withdraw all their money at once. Unless the borrower has fully contracted the decoration company, otherwise, the bank will suspect that the cardholder has cashed in in violation of regulations and will require the borrower to produce payment vouchers, etc.

The above is the sharing of relevant content on "How to get a credit card for decoration loans". I hope it can help everyone!

Is it okay to use a credit card for decoration?

It is completely possible to use credit cards to decorate your house.

1. For example: CCB credit card can apply for a decoration loan called Anju Installment, which cannot be withdrawn in cash.

2. If the application is successful, China Construction Bank will approve a large special installment amount on the credit card to the customer, but you have to go to the designated cooperative merchant to use the special installment POS machine to use this amount. For credit limit, the number of installments will be agreed upon with the user when the card is swiped (you can choose to divide it into 6, 12, 18, 24, 36, or 48 installments).

3. When applying, you need to prepare some personal materials, such as ID card, credit card, real estate certificate, and proof of work income. Apply at a CCB branch or personal loan center. You can go to CCB for consultation first.

Can I use a credit card for decoration?

When you buy a new house, the first thing you do is decorate it. Generally speaking, you have paid a down payment to buy a house, and you may not have much budget for decoration. If you are a perfectionist, you want to decorate it the best at once. Then you can choose the renovation installment provided by many banks, or directly swipe your credit card when paying and then apply for installment, which is also a good choice.

Nowadays, the more professional decoration installment is CCB Dragon Card Installment. As long as you have applied for a CCB credit card, you can apply directly.

Introduction to CCB installment plans:

(1) China Construction Bank provides 6-month (monthly), 12-month (monthly), and 24-month (monthly) home improvement installment services.

(2) The application amount for home improvement installment business ranges from 20,000 yuan to 200,000 yuan. China Construction Bank will decide whether to pass the approval and the approved amount based on the cardholder’s credit record and consumption behavior. .

(3) Cardholder handling fee amount = actual installment amount × cardholder handling rate (the handling fee will be included in the first installment of the bill after actual use), cardholder handling fee For rate details, please click on the "Home Improvement Merchant" column or call 400-820-0008.

(4) If the total installment principal is not divisible by the number of repayment periods, the system will use rounding to split the amount, and the difference will be adjusted in the last period.

(5) China Construction Bank reserves the right of final interpretation within the scope permitted by law.

From the perspective of application procedures, credit card home improvement installment procedures are simple and easy to handle. You only need to meet the relevant conditions for applying for credit card installments; while decoration consumer loans require proof of work, bank statements, and no bad credit record. , the approval time may be slightly longer.

Are there any points for using a credit card for decoration?

First of all, it is necessary to clarify which purchases and transactions with credit cards are not counted in points. Generally speaking, buying houses, cars, public schools, hospitals, etc. with credit cards are not counted in points, but decoration expenses are counted. Doesn’t it count? Some channels calculate the points. When the bank settles the points, it depends on the merchant who swiped the card. The user can use other methods to pay and the points will be calculated.

The following types of consumption behaviors are not counted as points (for specific details, please check the points rules of major banks)

First: the fees incurred by using the credit card itself, including cash advances , bank card fees (including annual fees, interest and penalty interest, cash advance fees, overdue fees, etc.) and other various fees charged in accordance with credit card regulations such as late fees, over-limit fees, etc. In addition, there are credit card transfers, deposits (repayments), deductions, fee payments, credit balance returns, cash withdrawals, etc., which are basically not scored;

Second: Merchants with low or zero deduction rates Consumption, including but not limited to real estate, car sales, wholesale transactions, public hospitals, public schools, government services, charities and public undertakings, etc.

The third category: other consumption that does not count points as stipulated by the bank. This category is mostly set by the bank itself.

So do decoration fees count as points?

Whether decoration is counted as points depends on where to buy it. For example, those who place orders online for electrical appliances and furniture, such as Jingdong Mall, Suning Appliances, Taobao, etc., will count points, unless you use online banking to pay. There are no points, you must use the shortcut method to pay.

If you go directly to the decoration company and pay for everything, including materials, building materials, lighting fixtures, etc., and pay through wholesale or building materials channels, then there will be no points.

There is another way to save points, which is to directly cash out, withdraw cash, and then pay for decoration. However, the handling fees and interest are not cost-effective, so this method is not recommended!

This is the end of the introduction about using credit cards for decoration and whether there are risks in using credit cards for decoration. I wonder if you found the information you need?