There have been many different opinions about personal credit consumption loans with credit cards. For this reason, the authorities in the financial sector have given the following answers:

In addition to their own credit card quotas, banks will also give some high-quality cardholders a special installment quota. This amount will be 3-6 times the credit card amount, and individual customers can reach 8 times. Moreover, it will not occupy the credit card limit of customers. It is a brand-new unsecured loan model for personal consumption, which is handled entirely by comprehensive evaluation of cardholders and personal consumption credit status. Personal consumption credit installment loan business model, such as Ping An car owner loan, CCB car installment and housing installment loan models launched by many commercial banks such as Ping An and CCB. The longest installment period can reach 36, and the loan amount will be automatically divided into 12, 24 and 36 equal principal and interest loans by the system. In other words, the customer needs to repay the loan month by month within 3 years as agreed. Generally speaking, such staging can only be designated by VIP merchants and senior VIP members registered in high-end consumer places through close strategic cooperation with banks. Among them, customers in some areas can handle such products through designated outlets. Therefore, in fact, this kind of credit card loan model does exist, but it is difficult for the public to have access to it, so it will be lured by some unscrupulous merchants with ulterior motives to defraud large upfront processing fees.