1. Credit card is a product that is introduced to facilitate our consumption in advance, and we need to apply to the bank. The process is more complicated, but the security is high. If you use a credit card, you will check the credit information. Although you will not leave a credit record for every purchase, the bank will check it from time to time, and once the credit card is overdue, you will definitely check it.
2. The online loan is designed to alleviate our cash flow difficulties. It is convenient to apply and make a quick payment, but the safety factor is not high and there are certain risks.
With the development of the times, more and more places need money, which also leads to people's urgent demand for funds, and naturally many loan products are derived. One of the most common is credit card, and online loan is the most popular choice. However, whether it is an online loan or a credit card, as long as it is overdue for a long time, it may be sued by banks or lending institutions.
1. The interest-free period of credit cards is only for overdraft consumption. If cardholders use credit cards to withdraw cash, they will also need to collect withdrawal interest and some withdrawal fees from the day of withdrawal. If cardholders make installment repayment after overdraft consumption, or make minimum repayment, there will also be installment fees or interest. Bank withdrawal interest will be charged at the daily interest rate of .5%, which has no advantage compared with rich flowers, micro-loans and borrowing.
2. Secondly, looking at the difficulty of application, you don't need to apply for credit card overdraft, but in the early stage, you have a credit card, which needs to be applied in the bank. The bank's credit card approval is strict, and it usually takes 15-2 days from application to card issuance. Compared with credit cards, the threshold for online loan application is slightly lower, and some online loan platforms have faster approval speed, which can help you solve the financial problems in a short time;
3. Finally, judging from the seriousness of overdue consequences, credit cards are credit products of banks. In case of overdue behavior, bad records will be uploaded to the central bank's credit information system. For serious overdue cases, if the amount reaches 5, yuan, banks can sue cardholders for malicious overdraft, and credit card users may bear criminal responsibility. Compared with overdue online loans, overdue credit cards have more serious consequences.