1 is a very convenient short-term loan tool. When you can't pay off the amount on the bill at one time, you can use this function to decide the repayment amount and time by yourself, and you can settle it at any time without providing any collateral.

Revolving credit can save you from paying off all the accounts for the time being, but you have to pay back at least the minimum amount listed on the monthly statement every month.

The arrangement of credit line is flexible, and the total credit line can be subdivided into loan line, letter of credit line, export draft line, letter of guarantee line, bank acceptance draft line and acceptance draft discount line. The credit line is applicable to all kinds of credit business with a term of less than 1 year (including 1 year), and the term of bid guarantee, performance guarantee, advance payment guarantee, customs payment guarantee and maritime guarantee under the opening guarantee line can be extended to more than 1 year.

Extended data:

Credit card personal revolving credit line products have the following three characteristics:

1. The credit line can be recycled, so the formulation of enterprise financial plan becomes clearer and more organized, and there is no need to arrange funds for routine business.

2. Meet the basic financing needs of enterprises. Credit line A single credit line is set according to various credit business types such as loans, letters of credit and letters of guarantee, which basically covers the main financing needs of customers. With the consent of the bank, the quota of a single product can be adjusted and cross-exchanged, which improves the utilization rate of the quota.

3. Simplify enterprise credit approval procedures. After obtaining the credit line, the customer decides the use mode and performance time of the credit line by himself according to the agreement, without reporting it to the credit bank for approval one by one, thus avoiding the time of single credit approval.

Baidu encyclopedia-credit line