Credit card is a special carrier card issued by banks to individuals and units, which is used to make purchases, spend money and deposit and withdraw cash from banks, and has consumer credit. In layman's terms, credit card is a kind of micro-credit payment tool provided by banks to users. However, this kind of consumption can only be used when shopping in shopping malls and other activities, while credit cards can be used to buy cars and houses, but there are no points. Therefore, the so-called use of credit cards to repay loans, in fact, is to withdraw cash from credit cards to repay loans.

once a credit card uses the service of withdrawing cash, it is the beginning of the cardholder's interest "trap": banks charge .5% to 1% handling fees for domestic withdrawal. In addition to the handling fees, the cardholder must pay interest, which is calculated at 5% per day and 18% per year. It is equivalent to borrowing a high-interest loan in addition to the mortgage.

to sum up, it is very uneconomical to repay the loan by credit card. If it is absolutely necessary, don't repay the loan by credit card, which will increase the repayment pressure.

Cash withdrawal by credit card:

Cash withdrawal by credit card is different from cash withdrawal by credit card. Cash withdrawal by credit card is one of the inherent functions of credit card itself. Cardholders can use credit card to withdraw cash from banks. Cash withdrawal by credit card mainly includes overdraft cash withdrawal and overpayment cash withdrawal. Overdraft cash withdrawal requires payment of interest, and interest is calculated from the day you withdraw cash, while overpayment cash withdrawal requires no interest, only part of the handling fee, depending on the regulations of banks.

article 7 of the measures for the supervision and administration of credit card business of commercial banks

the credit card mentioned in these measures refers to all kinds of media that record the relevant information of the cardholder's account, have the function of bank credit line and overdraft, and provide relevant banking services for the cardholder.

article 15

credit cards issued by commercial banks are divided into personal cards and corporate cards according to different issuers. Among them, company cards are divided into business travel cards and business procurement cards according to their uses.

business travel card refers to a credit card that a commercial bank signs a contract with a government department, a legal person institution or other organizations to establish a reimbursement relationship for travel expenses and provide daily business expenses and financial reimbursement services for its staff.

a business procurement card refers to a credit card that a commercial bank signs a contract with a government department, a legal person institution or other organizations to establish a reimbursement relationship for procurement expenses and provide them with services related to procurement expenses such as office supplies and office matters.