How to borrow money with a credit card

How to borrow money with a credit card?

There are three main ways to borrow money with a credit card:

1. Cash advance : Cash advance is also called cash withdrawal. You can directly withdraw cash from an ATM with your credit card, or you can apply to borrow money into a designated savings card through APP and credit card online banking;

2. Cash installment: Hold the card The person applies to his or her bank, and after the bank approves the application, the credit card limit will be converted into cash according to the amount applied by the cardholder, and transferred to the designated debit card, and the cardholder can return it according to the designated number of periods;

3. Credit card loan: It is different from bank loan. There is no need to provide various information, no mortgage guarantee, purely online application. The bank will grant a certain loan amount based on the credit status of the cardholder, and then hold the card People can repay the loan in two ways: one-time principal repayment and installment repayment.

What is a credit card?

A credit card is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.

What are the requirements for applying for a credit card?

Nowadays, most banks have lowered the credit card application requirements a lot: as long as you have a reasonable job and provide basic information such as ID card, work certificate, phone number, and home address, you can apply for a credit card. Banks will evaluate your creditworthiness, and the card issuance limits are generally different. The five major banks have relatively low card issuance limits, while banks such as China Guangfa, China Everbright, and China Merchants have relatively higher credit card limits.

What is the interest rate on a credit card?

Credit cards generally have no interest if they are repaid on time and in full. In addition, overdraft withdrawals also charge a certain amount of interest and handling fees. The interest is calculated on a daily basis. , which is also 0.5%. Interest will be calculated from the day the cash is withdrawn, and the handling fee is 0.5% (minimum 2 yuan/transaction).

If you can control your credit card consumption and repay it on time every month, your credit card will always be interest-free. You only need to pay the bank the amount you spent, and there will be no interest for overdue repayments or insufficient repayments. The bank will Interest will be charged. In this case, credit card interest is calculated from the date the consumption is recorded. Interest is charged at 0.05% every day, and compound interest is calculated monthly. In other words, if the interest this month is not paid off, the interest will also accrue next month. Interest

In addition to interest, failure to repay on time using a credit card will also incur other fees, such as late fees for overdue repayments. Cardholders should pay attention to understanding the credit card fee standards when using credit cards.

How to apply for a loan with a credit card?

Can I apply for a loan with a credit card?

You can apply at a local bank.

Application requirements:

1. Be a resident of mainland China who is over 18 years old;

2. Have a stable address and work or business location;

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3. Have a stable source of income;

4. No bad credit record, and the loan cannot be used for stock trading, gambling, etc.

5. Other conditions required by the bank.

Processing process:

1. Submit an application to a local bank or lending institution;

2. Prepare various materials required for a loan;

3. Interview with a bank or lending institution;

4. The bank reviews the lender’s qualifications;

5. The review is approved and the loan is granted successfully.

How long does it take to apply for a credit loan after using a credit card

Based on my years of experience in banking and using credit cards, there are two situations that can be applied.

1. Apply for a card through a card. Whichever bank applies for a card through a card, the new card will generally have a higher limit than the original card.

The premise is that you already have a credit card. Maybe the limit is not high, but it doesn’t matter. I remind you to maintain a good repayment credit record, even if you maintain the minimum repayment amount every month. When I was in college, , I also only paid the minimum repayment amount every month for quite some time, but the bank took the initiative to call me and asked me to increase the amount. Or if you have a credit card that has been used for more than half a year, you can also take the initiative to apply for a limit increase through the customer service phone number. In this case, your existing credit card limit will continue to increase, making it more convenient for you to apply for high-limit credit cards in the future.

2. When applying for a credit card, submit relevant property certificates. Such as cars and real estate.

In fact, for high-value credit cards, I personally understand that there is no high or low threshold for any bank. Only different banks have different requirements for property certificates when approving cards. You cannot just provide them casually. It depends. Whether the bank accepts it.

For example, Minsheng Bank, where I have worked before, high-limit credit cards are classified into: Diamond Card (starting limit of 200,000), Deluxe Platinum Card (starting limit of 80,000), Standard Platinum Card (starting at 40,000 start). However, the bank does not accept car ownership certificates. Even if you have a famous Shenma car, the only condition for acceptance is: apply for a card or real estate with a card.

Apply with a card and do not need to provide any additional proof of assets: The applicant is required to have a credit card that has been used for more than half a year, and the credit limit of the card is at least 40,000 yuan (the original card limit is more than 40,000 yuan, you can apply for a standard platinum card, if you have a credit card of more than 80,000 yuan, you can apply for a deluxe platinum card, and if you have a credit card of more than 150,000 yuan, you can apply for a deluxe platinum card. (Diamond Card)

Enter the property by real estate: Standard Platinum Card requires a real estate value of more than RMB 800,000, Deluxe Platinum Card requires a property value of RMB 1.6 million, and Diamond Card requires a property value of more than RMB 3.2 million.

According to my understanding from some colleagues around me, Guangfa and China Merchants Bank accept vehicle-related certificates, so different banks have different application conditions. It is recommended that you consult some stalls on the streets and shopping malls. Contact the credit card processing staff, or call the customer service of each bank.

How to get a credit card loan

If it is a China Merchants Bank credit card, you can log in to the mobile life client and try to apply for cash installments, e-loans, reserve funds, etc. Please refer to the audit results for the specific amount and fees.

Can I apply for an ICBC credit card loan?

Yes,

Credit card application conditions

You must be over 18 years old and have full civil Chinese citizens, foreigners permanently residing in the country, and compatriots from Hong Kong, Macao and Taiwan who are capable of acting, have legal and stable sources of income and have good credit standing can apply for a bank credit card from the card issuer with their valid identity documents.

The materials that need to be provided are as follows:

1. Identity proof information: a copy of the resident ID card or military officer's ID card; Hong Kong and Macao compatriots must provide a copy of the Mainland Travel Permit and the proof of residence for more than one year. ; Foreigners only need to provide a copy of their passport and residence permit for more than one year.

2. Work and income certification materials: salary certificate, copy of social security (paid for more than half a year).

3. Supporting information for credit card application: academic qualifications, professional titles, professional qualification certificates, self-owned real estate certificate, self-owned car driving license, telephone, water, electricity and gas bills of the current place of residence in the past three months. The original of any document, etc.

Can I apply for a credit card if I have a loan?

Applying for a credit card has nothing to do with whether I have a loan!

Card application conditions: 1. Be 18 years or older; 2. Hold a valid ID card; 3. No bad credit record; 4. Have proof of employment and income certificate stamped with the financial seal of the unit; 5. Other proofs of financial resources, such as real estate, cars, stocks, bonds, etc.; 6. Social security certificate; the first 4 are the most basic requirements. If 5 to 6 supporting materials can be provided, the application success rate and credit limit will be increased.

Can I apply for a loan with a credit card?

First, a credit card (debit card) has two functions: a consumption overdraft and a cash withdrawal overdraft

Second , there is no handling fee for repaying consumer overdrafts within the repayment period specified by the bank; however, a handling fee of about 3% for cash overdrafts, and a daily interest of 0.5%!

Chapter Third, you can withdraw cash with a credit card at a bank counter or an ATM machine. However, the People’s Bank of China stipulates that a maximum of 5 cash withdrawals per day by credit card must not exceed 2,000 yuan. Fourth, if you have the same bank account, If you have several credit cards from a bank, then the limits of these credit cards are limited, and the cash withdrawal must be within the limit specified by the bank; if you have credit cards from several banks at the same time, the total cash withdrawal limit of all credit cards will be It will be very high

Fifth, the interest rate for overdraft cash withdrawal is 0.5% of the daily interest rate. If there is no own cash in the card when withdrawing cash, that is, it is all overdraft, then the cash withdrawal fee will also be 0.000%. 5. Those that charge daily interest

How can I get a loan if I have a credit card?

Are you applying for a loan to buy a house or start a business? If you want to buy a house with a loan, you must have an employer and proof of income, so that the bank will give you a loan if they see that you have the ability to repay the loan. If you own a house, you can also mortgage your house to a bank. The bank will evaluate your home and give you a loan of 70% of the house. If you apply for a credit card, you must pay attention to timely repayment, as this will affect your credit card. If your credit is not good, it will be difficult to get a loan.

How to apply with a credit card

If you are using a China Merchants Bank credit card, you can try to apply for a consumption reserve. That is: China Merchants Bank provides consumer credit services for installment repayment to eligible cardholders. After the application is successful, the funds will be transferred to the cardholder's personal credit card account and will be given priority to offset the RMB debt owed under the credit card's personal consumption account (except platinum installment cards and commercial cards). Unused consumption reserves will be offset against new transactions, but cannot be withdrawn through overpayment withdrawal.

How to use China Merchants Credit Card to get a loan?

Hello, if you need to apply for our bank’s credit card business, do you need to do cash advance business? The following is about the cash advance business, please understand:

< p>Our bank's personal credit card has a cash advance function. You can withdraw cash from your credit card through our bank's or other banks' ATMs and bank counters (the same process as using a debit card). You can also withdraw your money through online banking and phone voice. The credit card funds are transferred to the China Merchants Bank Debit Card in your own name (the cash withdrawal function of the business credit card is consistent with the company settings). Warm reminder: There will be certain handling fees and amount restrictions for cash advance, and it does not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, interest will be charged at a daily interest rate of 5/10,000, and compound interest will be charged on a monthly basis. .

Cash advance:

Cash advance, also known as cash withdrawal, is a credit card function that provides cardholders with small cash loans. Our bank's credit card supports cash advance through ATM, bank counter, online banking and telephone.

Limit limit: The cash advance limit is generally 50% of the credit limit (except for cards with special regulations). At the same time, the daily cumulative cash advance amount of each domestic card is capped at RMB 2,000; the daily cumulative cash advance amount of each household for overseas non-UnionPay lines does not exceed the equivalent of US$1,000, and the cumulative amount within one month does not exceed the equivalent of US$5,000. , the cumulative amount within 6 months does not exceed the equivalent of US$10,000.

Handling fees, interest and limit limits: Handling fees: The handling fee for domestic RMB cash advance is 1% of the amount of each cash withdrawal, with a minimum charge of RMB 10 per draw; the handling fee for overseas cash advance is 1% of the amount of each withdrawal. 3% of the cash withdrawal amount, with a minimum charge of 3 USD or 30 RMB per transaction (American Express-Centurion Black Gold Card, American Express-Centurion Platinum Card charges a minimum of 5 USD or 30 RMB per transaction). There is no inter-bank handling fee for cash advance.

Interest: Cash advance does not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, interest will be charged based on the daily interest rate of 5/10,000, and compound interest will be charged on a monthly basis.

If you have any questions about other China Merchants Bank credit cards, please search "4008205555" in QQ business friends and add "China Merchants Bank Credit Card Center" as a friend; or search "cmb4008205555" in WeChat to follow "China Merchants Bank Credit Card Center" For consultation, thank you for your attention and support to China Merchants Bank!

How to apply for a credit card loan

How to apply for a credit card loan

How to apply for a credit card loan. A credit card loan is actually a credit card cash consumption overdraft. After applying to the bank, and after approval, the bank will transfer the funds to the debit card given by the cardholder and then you can use it. How to apply for a credit card loan.

How to apply for a credit card loan 1

First, the advantages of a credit card loan

How to apply for a credit card loan? What is the process? For such questions, it is also very important to understand the advantages of credit card loans. When using a credit card to apply for a loan, the approval speed is very fast. According to different regulations of different banks, it can basically be successfully processed in one to two working days. Moreover, the procedure is very simple. You can apply for a loan by phone or online. It greatly facilitates people's application process and effectively meets people's loan needs.

Second, credit card loan application process

1. Apply to the bank

In order to effectively obtain a credit card loan, the most direct way is to apply to the bank Valid application. However, due to bank regulations, when applying, it cannot be said to be a credit card loan, but should be called a cash installment application.

2. Provide valid information

When applying to the bank, customer service staff will ask the user some questions.

(1) It is the credit card, the user’s name and the 3-digit number on the back of the credit card, which is the CVV code.

(2) It is necessary to understand the purpose of the user's application for cash installment.

(3) To confirm the number of cash installments, the customer service will give a detailed introduction to the user, including the handling fee, which should also be understood through the explanation of the customer service staff, and then the user himself Choose the appropriate number of installments for repayment based on the actual situation.

3. Review required by the bank

When a user applies for cash installment, the bank will effectively review the user's application, including reviewing the user's personal information, such as Whether the application is done in person, whether the personal information is accurate, etc., the user's loan limit must also be reviewed, which is closely related to the user's usual credit record and repayment status.

How to apply for a credit card loan 2

1. What conditions are required for a credit card loan

1. Generally, banks will stipulate that you must have worked in the current unit for three months;

2. You must have no bad credit record and your monthly salary income must meet certain standards before you can apply;

3. If you have used a credit card, you can just go to the bank counter to apply, but The amount will not be very high;

4. The borrower's debt situation is good and he has the ability to repay;

5. He has a certain income and is stable, forming a stable bank flow.

2. What does a credit card loan mean?

Credit card loan means that the bank grants a certain amount of money based on the credit card holder’s credit status, and the card holder can use the credit card to make purchases. Credit card loan repayment methods are divided into two methods: one-time principal repayment and installment repayment.

The bank increases the installment limit of the credit card based on the credit card holder's credit status to meet the card holder's needs to purchase designated brand cars in installments at designated dealers. Cardholders only need to bear a certain handling fee to repay the car purchase amount in monthly installments, which is a new car loan model that fully reduces the repayment pressure.

How to apply for a credit card loan

1. Apply by phone. A credit card loan is actually a credit card cash overdraft. After applying to the bank, and after approval, the bank will transfer the funds to the debit card given by the cardholder and then you can use it. Call the relevant bank customer service and tell the bank customer service that you need a credit card to apply for a loan.

2. Go to the bank to apply. You need to provide credit card information, such as name, credit card loan purpose, etc., and wait for the bank to review your information. Whether the information provided is accurate, you need to confirm that it is you who is handling it.

How to apply for a credit card loan 3

1. Bind a savings card for automatic deduction

Many credit card issuing banks now provide automatic repayment services. In other words, If you have a savings card from this bank, as long as you set up automatic deduction, the bank will automatically deduct the payment when the credit card is about to expire. But the premise is that there must be money in the savings card. If the amount of funds in the card is too small and not enough to be deducted, it will be very troublesome when it becomes overdue.

2. Online bank transfer repayment

You can log in to your personal online banking or credit card website. With just a few clicks of the mouse, you can not only repay your own credit card, but also repay for others. Repayment. In addition, personal online banking also supports inter-bank repayment. This method needs to be operated on a relatively private computer. You need to recognize the website address every time you log in, and do not set a simple password. If the password is leaked, there is a risk that the account will be stolen.

3. Mobile banking repayment

Mobile banking repayment is currently the most popular credit card repayment method among young people. As long as you install the bank client on your mobile phone, you can repay it no matter where you are. You can easily repay anytime and anywhere at the touch of a finger. Since credit card repayment is a fund transfer business, for the safety of funds, you need to activate the advanced version of mobile banking.

It should be noted that mobile phones can be operated in various situations. You must pay attention to the protection of passwords and the safekeeping of mobile phones. Once your mobile phone is lost, you must immediately report the loss to the mobile operator and cancel the mobile banking service.

4. Alipay repayment

Alipay payment is already familiar to people who love online shopping. Many people have become accustomed to this convenient payment method and will also pay Alipay. The first choice for credit card repayments. In addition, Alipay promises that the repayment will arrive in the account within 2 hours, but three conditions must be met: first, the repayment must be made by mobile phone transfer, second, the repayment amount is less than RMB 50,000, and third, the transfer and repayment time must be within bank service hours.

5. WeChat repayment

Currently there are two ways to repay WeChat credit cards: jump to online banking, mobile banking to handle credit card repayments, or make repayments through the bank’s WeChat official account through WeChat. payment. It should be noted that WeChat can only repay credit cards directly through the bound debit card. In addition, there is no handling fee for using WeChat to repay, the single and daily limit are 20,000 yuan, and the monthly limit is 50,000 yuan.

6. Online repayment with credit card management APP

The advantage of using Kanniu credit card management APP for online repayment is that you can check the bill date and repayment due date with just one mobile software. , the total amount of repayment for the current period, the minimum repayment amount and other basic personal account information - repayment reminder - supports online repayment, which can be completed in just a few steps, without having to jump back and forth on the mobile phone interface, check the credit card arrears amount, and check the credit card balance every time the bill is When there are decimal points, you need to memorize them carefully, and then go to another software or platform to choose repayment.

7. Repayment at the counter or at an ATM machine

At present, very few people use this repayment method. It is generally used by older or more conservative people. . It should be noted that when an ATM machine uses another bank's debit card to transfer money to a credit card for repayment, the transfer amount shall be an integral multiple of 100. The single transaction limit is the same as the existing UnionPay ATM cash withdrawal transaction limit of the transferring bank, and the maximum daily limit shall not exceed 20,000 yuan, and the handling fee will be deducted from the transfer card.

8. Convenience store Lakala repayment

Lakala repayment is a convenient credit card repayment service. At present, Lakala convenience payment points have grown to nearly 90 cities across the country, with the number exceeding 30,000. They can be found in convenience stores, supermarkets, and community stores. There is a unified charging standard for credit card repayment using Lakala: currently only Bank of China (other regions across the country except Shenzhen), Agricultural Bank of China, Bank of Communications, Industrial and Commercial Bank of China, Bank of Beijing, and China Construction Bank (the bank's card repayments are free of charge) ) There is a handling fee of 2 yuan for credit card repayment, and there is no handling fee for other banks.

Instalment repayment is more favorable

If the funds are not available for a short period of time, you can also consider using installment repayment to repay the debt. Although installment repayment does not accrue interest, you will have to pay a handling fee. The handling fee here is actually "interest" charged by the bank in disguise.

At present, most banks provide cash installment services in the form of 3, 6, 12, and 24 installments. Some banks also provide installments as short as 1 month and as long as 36 installments. .

As for the handling fee rate, the situation of each bank is also different, but the overall difference is not big. Taking 12 periods (i.e. 1 year) as an example, it is basically between 7.8% and 9% annualized. Taking China Merchants Bank [-0.56% Fund Research Report] as an example, cardholders can apply for bill installments. The handling fee for three installments is 2.6%, the handling fee for six installments is 4.2%, and the handling fee for 12 installments is 7.2%. During the first repayment One-time charge.

What procedures and conditions are required for a credit card loan

Credit card loan procedures:

1. Proof of the applicant’s local permanent residence or valid residence status;

2. The original and copy of the borrower’s valid identity document;

3. Documents proving credit standing of the guarantor;

4. Documents proving the borrower’s ability to repay the loan;< /p>

5. The borrower obtains the pledge rights, mortgage list and ownership certification documents required for the pledge and mortgage amount;

6. The guarantor agrees to provide the guarantor required for the borrower to obtain the guarantee amount. Written documents of guarantee;

7. Evaluation report of the collateral issued by a socially recognized evaluation department;

8. Other documents and information specified by the lending bank.

Credit card loan conditions:

1. The applicant has a good credit record;

2. The borrower has a credit card from the lending bank;

< p>3. Credit card loan cash installments cannot be used for investment and can only be used for consumption;

4. There are restrictions on the types of credit cards of different banks, such as China Merchants Bank’s business card, purchasing card, Commercial cards, ANA guaranteed cards or supplementary cards cannot be used for cash installment business;

5. Other relevant conditions required by the lending bank.

The above is the relevant content compiled by the editor of IAika about what procedures are required for credit card loans and what are the procedures for credit card loans. I hope it can be helpful to everyone.

Main features of credit card:

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range. ;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Main types

According to different card issuers, they can be divided into bank cards and non-bank cards

Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.

Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., and are used for purchasing tickets, meals, accommodation, entertainment, etc.

According to the different objects of card issuance, it can be divided into corporate cards and personal cards

Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal organizations.

Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards

Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status.

The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

How to borrow money with a credit card

How to borrow money with a credit card?

When users hold a credit card, they can borrow money in the following two ways:

1. Apply for credit card cash installment. Now many banks have opened credit card cash installment business. If you want to apply for credit card cash installment, the cardholder needs to actively go to the bank to apply. After approval, the bank will convert the amount applied by the cardholder into cash and deposit it into the designated debit card.

2. To apply for a cash advance, users can directly take their credit card to the bank's ATM machine to withdraw money. Currently, there are handling fees and interest for cash advances. The handling fee ranges from 1% to 1% of the cash withdrawal amount. Three percent, with interest of 0.05% per day.

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How to borrow money with a credit card?

If you hold a credit card, you can borrow money in the following three ways:

1. Apply for credit card cash installment: The cardholder takes the initiative to go to the bank to apply, and the bank will approve the application after it is approved. The amount requested by the cardholder is converted into cash and deposited into the designated debit card, and the cardholder can return it in the designated number of periods.

2. Apply for cash advance: Users can take their credit card directly to the bank's ATM machine to withdraw money;

3. Credit card loan: For large-scale purchases such as car purchases and renovations , the bank will grant a certain loan amount based on the cardholder's credit status, and the cardholder will repay the loan in two ways: one-time principal repayment and installment repayment.

This ends the introduction on how to apply for a credit card loan and how to repay a credit card loan. Have you found the information you need?