Many friends now have a lot of consumption pressure, so they will choose to apply for a credit card or go to a bank for a loan. However, some friends will ask, is it better to apply for a credit card or a loan?

1. For payment methods for advance consumption, if the amount is relatively small, try to choose credit card payment. If it is a large amount of consumption, if there is no large credit card, choose a personal consumption loan. No matter which method of payment is used, what consumers have to do is to make repayments on time based on their actual situation and not to cause black spots on their credit records.

2. Credit card payment and personal small consumption loan are the two most common ways for consumers to spend in advance. To put it more directly, which payment method allows consumers to pay the most money? The less, which payment method consumers should choose. Credit cards can be said to be a "variant product" of small loans, a non-cash payment method that banks promise to consumers.

3. In terms of interest, credit cards are more popular than personal consumption loans because they have a longer interest-free period; in terms of amount, in addition to credit cards with large amounts, personal consumption loans are more Higher limit than credit card. Credit cards and personal consumption loans each have their own advantages. If consumers need a relatively small amount of funds, they can choose to use credit cards for consumption and repay before the end of the interest-free period without paying any interest.

4. In terms of repayment period, credit card installment payment allows consumers to freely choose installments within the options provided by the bank. The longer the installment period, the greater the total repayment amount. Generally, You can choose to divide it into 6 installments, 12 installments, 24 installments, etc.; while the loan period of small consumer loans may be less selective, and the interest paid may also be higher. The maximum period of small consumer loans is generally no more than 3 years.

To sum up, we know that the two are incomparable. Each has its own use. It depends on your own situation. You cannot generalize and say that it is better to apply for a credit card or to apply for a loan. You can use it for daily consumption, you can apply for a credit card, you can use it to decorate your house, you can apply for a loan.