Due to the change of consumption concept, it is more and more acceptable for people to consume in advance. If there is demand, products will come out accordingly. If you choose more than one, you will be in trouble. You need money badly. Do you choose a credit loan or a credit card? What's the difference between the two? Let's introduce them to you one by one. 1. Loan amount The credit loan amount is generally about 1 times of your monthly income. If qualified, the money can be approved in one lump sum. The credit card withdrawal is only 3%-5% of the credit line in the card at most, and the maximum withdrawal amount per day is 2 yuan. Equivalent, as long as your monthly income exceeds 2 yuan, the credit loan amount can easily exceed the credit card.

2. Scope of use Although credit loans are used more and more widely now, they generally need special funds, such as the down payment for buying a house, which is not allowed. Credit cards don't have too many restrictions in this respect. Generally speaking, as long as you don't cash out maliciously and then repay in full and on time, banks won't interfere too much.

3. The loan cost is calculated from the date of obtaining the credit loan, and the loan interest needs to be repaid on time every month. With credit card installment, you only need to pay the handling fee to be repaid in each installment. If you only use a credit card to spend money, you can also enjoy interest-free concessions as long as you repay within the specified time.

4. loan term: the repayment period of a credit card is generally short-term, usually within 24 periods, that is, 2 years. The term of credit loan is much longer than that of credit card, and the longest term can reach 5 years if necessary.