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Is the car loan card a credit card?
Is the car loan card a credit card? Why can't I get a repayment card when I borrow a car?

In recent years, it has become a trend to buy a car by loan. Many friends will borrow money to buy a car in a 4s shop. When buying a car with a loan, the salesperson will help you apply for a car loan at the bank. So is the car loan card a credit card? Why do some people get car loans but can't get credit cards?

The car loan card comes from a credit card, but the amount of the car loan credit card is generally relatively large, and the amount of100000 yuan or more is normal. This card is specially designed for us to go to the garage for a one-time overdraft to buy a car and then repay it every month. Some friends may be curious, why can't I get a credit card for a car loan?

In fact, some banks will not give you a card after you apply for a car loan, such as Industrial and Commercial Bank of China. These banks will only give you a++, so you can deposit it every month. However, if you encounter the above problems, you'd better check with the bank customer service.

At the same time, some friends are curious about whether their car loan credit card can be used after repayment. This credit card can still be used as an ordinary credit card after we repay the car loan. It's just that the amount will drop after we repay the loan, and the others are no different from ordinary credit cards. Of course, if you want to cancel your credit card, you just need to bring all relevant information to the bank to cancel it. Be sure to check whether there is any balance in check card before closing the account.

What card does the car loan return card belong to?

The card for returning the car loan belongs to the credit card: generally, it is handled at the same time as the car loan is issued; Need to bind the bank card in my name for deduction. This credit card is generally used for repayment; After issuing the card, the amount is generally zero yuan or one yuan; If you need to use it, you need to apply for a quota at the bank with relevant documents; The amount after application is generally more than 2000 yuan.

Credit card loan means that the bank gives a certain amount according to the credit status of the credit card holder, and the cardholder can use the credit card for credit card consumption. Credit card loan repayment methods are divided into one-time repayment and installment repayment. According to the credit status of credit card holders, banks will increase the installment quota of their credit cards to meet the needs of cardholders to buy designated brand cars during the disposal period of designated dealers. Cardholders can repay the car purchase money in monthly installments only by bearing a certain handling fee, which fully reduces the repayment pressure. Handling fee: You don't need to pay bank loan interest to buy a car by installment with a credit card, but you have to bear a one-time handling fee. Handling fee = installment amount × cardholder's handling fee rate (the handling fee is included in the first month's bill after installment purchase), and the handling fee rate of each bank is different. Loan Term: Generally, the longest term of car purchase by installment is 24 months. Down payment: If you buy a car by credit card, you generally need to pay a down payment of not less than 30% of the car price. Limit: The bank has regulations on the credit card installment loan amount. For example, CCB stipulates that the installment amount range of car purchase is 200,000-200,000.

Credit card loan to buy a car is a credit card installment business launched by banks. The credit limit that cardholders can apply for is generally 200,000-200,000; There are three stages: 12 months, 24 months and 36 months. There is no loan interest rate for credit installment car purchase, and banks only charge fees, with different installment rates. Credit card loan has zero interest, preferential handling fee, unsecured and unsecured installment payment. You can also enjoy credit card points feedback, without the burden of high loan interest, and you can also avoid cumbersome mortgage procedures. You can provide some materials to the bank, pay the handling fee in one lump sum and apply for a special credit card. The disadvantage is that the car price is limited, but you can choose most commonly used models. One of the credit card consumer credit services of banks, the online payment installment settlement platform provided by banks for credit card holders, has only been opened by some banks at present.

Is the installment card a credit card?

Car installment card belongs to credit card and is a special installment credit card. The characteristic of special installment credit card is that the amount can only be spent at designated merchants and cannot be used for other consumption. Ordinary credit card consumption is not stipulated, as long as it is not used for financial management, stock trading, funds and so on. In addition, the installment card is also repaid according to the repayment date.

If the user fails to repay the loan, the overdue record will be reported to the credit bureau, so that the review of the user's application for credit business will become strict in the future and the probability of failure will increase.

1. Can I use a car loan credit card?

Car loan credit card limit can only be used to buy a car. After the credit card is successfully swiped, even if there is a remaining amount, it cannot be spent elsewhere. After paying off the car loan, the user can apply to the bank to convert the car loan credit card into an ordinary credit card. Whether the conversion can be successful is subject to the regulations of the bank. In addition, if the car loan credit card cannot be converted, the user can apply for a new card.

In fact, when users apply for bank car loans, they use credit cards to buy cars in installments. If the user chooses a bank car loan when handling a car loan, the staff of the 4S shop will ask the user if he has a credit card.

Second, why is the car loan a credit card repayment?

Car loan is a credit card repayment, because it is a credit card installment car purchase business. Credit card holders apply to the bank for a special car installment quota, deposit it in the credit card quota after passing, then go to the designated dealer to choose the designated brand and model, then use the credit card to buy a car, and then repay the credit card in installments every month.

This form of car loan will not show the loan on the credit report, but will be credited with a large special installment credit card.

Third, why is car loan in the form of credit card?

Car loan is a kind of credit card, that is to say, it is a credit card installment car purchase business, which will not show the loan in the newspaper, but will show the large installment credit card. It can be seen as the expansion of credit card business. The cardholder applies to the bank for a special installment quota for car purchase, which will be issued to the credit card after passing.

Then go to the designated car dealer to buy a car with a credit card, and then repay it in installments. Compared with ordinary car loans, you can't choose your own brand and model.

Is the ICBC car loan credit card a credit card?

This is a credit card.

This card is usually only used to buy cars by stages, and has no other value-added functions. Car loan cards can only be used for car loans. Although the car loan card is also a credit card, it can only be used for car loans and cannot be used for other overdraft consumption. Moreover, the car loan card can only be deposited but not taken.

The repayment mechanism is the same as that of ordinary credit cards. Last month's account is settled on the repayment date of this month, such as the car loan issued on May X (no matter what date, as long as it can only be paid in May), that is, on the 25th (bank settlement date) of next month, of course, only the car loan can be repaid. If you need a credit card, it is recommended to apply for an ICBC credit card separately.

Extended data:

Precautions for car loan and credit card.

1. The down payment cannot be paid by credit card;

2. The credit card purchase fee needs to be paid in one lump sum at the first repayment;

3. Repay in installments in advance, and the handling fee will not be refunded;

4. Vehicles purchased by installment must be insured against vehicle theft and vehicle loss, and the insurance period is consistent with the installment period.

5. When applying for auto loan, users should be careful of traps, especially pay attention to zero down payment, low interest rate and other concessions. In order to publicize their performance, some intermediaries will "make up for the losses" by raising the car price and increasing the handling fee.

China industrial and commercial bank China website-car loan card business

Is the car loan card a credit card or a debit card?

When users apply for bank car loans, they usually buy cars through credit cards (debit cards), so car loan cards are generally credit cards (debit cards). The amount of the car loan card is a special amount, which can only be used to pay the final payment of the car purchase and cannot be used for other consumption. Therefore, when the car loan is paid off, users can choose to keep the car loan card if there is a quota for ordinary consumption.

After paying off the car loan, the car loan card has no available quota, and the user needs a useful card, so the user needs to cancel the car loan card and apply for a new credit card (debit card).

This concludes the introduction of whether a car loan card is a credit card and whether a car loan card is a credit card. I wonder if you found the information you need from it?