Is it cost-effective to repay the mortgage with a credit card loan of 1 thousand
not cost-effective. The interest rate of credit card loans is usually higher than that of mortgage loans, and the loan term is relatively short. Credit card loans also have risks such as excessive burden, insufficient repayment ability and overdue, so it is not cost-effective. Credit card loan refers to the loan funds obtained by credit card holders from banks or other financial institutions by using credit card quota.