what is a car loan card?
the car loan card is a credit card for car loan repayment. Generally, this credit card that is processed at the same time when the car loan is issued is used for repayment. After issuing the card, the amount is usually in yuan or 1 yuan. After applying for the amount from the bank with relevant certificates, generally speaking, automobile loan cards will be issued in the automobile division business conducted by automobile dealers, guarantee companies, insurance companies and other channels. Usually, this card is only used when buying a car and has no other value-added function. If you need to use a credit card, I suggest that you apply for a credit card from ICBC separately. The auto credit card business of each branch is slightly different. Please contact the lending bank when handling the auto credit card loan settlement or settlement procedures, misdirection/mistransfer/cash withdrawal fees, loan or guarantee information inquiry and other post-credit business.
how to repay the car's debit card?
1. Repayment at the counter of the loan bank:
The borrower can bring his/her ID card, repayment card for issuing loans, savings card with cash or some cash. You can go to the window of the bank business hall where the car loan is handled, apply for repayment to the staff, fill in the repayment application form, provide repayment cards, savings cards or cash as required, and complete the repayment with the help of the staff.
2. ATM deposit repayment:
Before the repayment date of each installment of the car loan, the borrower goes to the nearby ATM with the car loan repayment card, savings card or cash, deposits the money in the savings card into the car loan repayment card, or deposits the cash into the car loan repayment card for repayment: one-time repayment method and installment repayment method (equal principal and interest, equal principal and interest) can be selected.
if you use the credit card's own limit to repay in installments, you can of course use it as an ordinary credit card after you pay it off. If it is a special credit card for buying a car, even after all the limits are repaid in advance, this card cannot be used as an ordinary card. Because, the car's debit card is generally only used for one-time consumption in installments, and it will automatically become invalid after repaying the limit.