Many people say that with "Huabei" they don't need to apply for a credit card. I said it's because many people can't apply for a credit card. Anyone can get Huabei, as long as they have an ID card.
Activation conditions of Huabei. The conditions for opening Huabei are extremely low, and anyone can do it. Is it easy? The reason why he is known to everyone is because he has low requirements. Mainly if you have an ID card and are 18 years old, it can be done by anyone. It can be done if there is work, and it can be done if there is no work. If the elderly can do it, so can students. Who wouldn’t provide such a simple financial service?
Conditions for applying for a credit card: 1. Have a formal job and stable income. 2. Be 18 years or older. Obviously, a credit card requires a stable income and a formal job, which is more difficult than Huabei.
The repayment date of Huabei is very different from that of a credit card. The repayment date for Huabei is very different from that of a credit card. Huabei repayment is on the 9th of every month, which is fixed and the same for everyone. The longest period from consumption to repayment is only 30 days. The repayment period for credit cards generally ranges from 20 to 56 days for interest-free repayment, which is a full 26 days longer than Huabei. This Huabei is far less than a credit card.
The limit of Huabei is higher than that of non-credit cards. After all, Huabei is not mainstream, although Jack Ma once said that if the bank does not change, change the bank. But banks are still the orthodox big brother. The Huabei quota is generally 1-100,000, and even 50,000 is very rare. Credit cards are different. Many platinum cards have a limit of 20,000 to 500,000, and some even have a limit of 1 million. Some even have an unlimited limit, so you can use as much as you want. No joke, Zhao Benshan has been rumored to have an unlimited card from GF. Can you compare Huabei with banks?
Huabei has few discounts and few rights. At most, they give users discounts of a few cents. I have heard of 50% off and 50% discounts but very few. But credit cards are different. There are market promotions every quarter. There are a lot of 100 and 50 discounts, and there are many credit cards that offer 50% off on KFC, McDonald's, and Pizza Hut. Huabei has no trace of those high-end benefits such as high-speed rail VIP, airport VIP, bank counter VIP, etc., let alone exchanging his points for gifts or services. Huabei and credit cards are on a completely different level, at different levels.
Many people say that if you have Huabei, you don’t need to apply for a credit card. That’s because many low-end people simply don’t have the conditions to apply for a credit card. Who wouldn’t want to apply for a credit card if they can? After all, credit cards are the right way to go in this world. What do you think about this? Welcome to comment and discuss in the message area.
I am @锔哥, a bank employee who professionally explains the knowledge and usage skills of credit cards. Please sign up!
Hello, I am Lao Li Shuoka. I think this view is wrong
This issue can be discussed from two aspects. Without cashing out
From Taobao to Huabei, it is a closed-loop transaction. All transactions are conducted on the Taobao-structured platform, which means that the background of your transactions can withstand system inspection. And in terms of payment channels, Huabei has a certain priority. For example, if you trade on my platform, I can give priority to the products of my platform and display them in a more prominent position. To achieve your purpose of using "Huabei". Increase customer stickiness. In terms of application scenarios
Limitations of application scenarios: Compared with credit cards, Huabei still has limitations. The application scenarios of credit cards are relatively mature. Compared with Huabei, I have only heard of merchants that cannot use Huabei, but I have never heard of merchants that cannot use credit cards.
Credit card application scenarios > Huabei application scenarios Risk control
In terms of risk control, Alipay’s risk control level is far greater than the bank’s own system risk control. If you have the QR code of the bank, you can know that the risk control is usually Alipay and WeChat, and the issue is bank risk control.
The degree of perfection of Alipay’s risk control is far greater than that of banks’ risk control.
If one or two risky transactions occur, your Huabei may be closed.
Credit cards can be used normally.
Therefore, Lao Li’s point of view is that the scenario of credit cards is far larger than that of Huabei, and the application scope of credit cards is much larger than that of Huabei.
Why do some people say that they will no longer use credit cards after opening Huabei?
We know that Huabei’s application scenarios are becoming more and more extensive. If in the beginning it could be used in Taobao, then now its application scenarios can be used as cash in all major As long as the store supports Alipay payment, you can use Huabei payment.
It is true that some merchants have not opened Huabei, but in order to increase users' enthusiasm for using Huabei, Alipay has opened Huabei for face-to-face flowers. What does this mean? For some scenarios where Huabei cannot be used, as long as our single price is less than 150 yuan, Alipay Huabei can help pay.
Therefore, Huabei has increasingly become a lifestyle habit used by most people today. I think it has evolved from the original Taobao shopping coupon to something that is now comparable to a credit card. So why are so many people willing to use Huabei? But I have reservations about using credit cards.
On the one hand, it is because the activation of Huabei is relatively simple. You only need to use Alipay and pass the real-name authentication. Alipay has a higher recognition of you, and there are generally different Huabei. As long as you ensure that your credit is relatively high, and you frequently use Alipay to pay without overdue payment, your spending limit will only continue to improve and increase.
On the other hand, opening a credit card is relatively complicated, and you need to have a stable job, and you even need to show provident fund-related certificates. Credit cards are good for people with stable jobs. If your job is relatively stable, there will usually be people from specialized banks who will support you in opening a credit card. Credit cards are worried that your unstable job will affect their loan repayments, so for credit cards, its opening procedure is more complicated than Huabei.
As Alipay is increasingly used across the country, it has become one of the main mobile payment methods. Huabei's application scenarios are increasing, and Huabei's credit limit is also constantly increasing. In this case, you can really feel that people are more willing to use Huabei than to use credit cards.
Another most critical point is that credit cards are subject to credit reporting, but Huabei is not currently subject to credit reporting. I believe this is one of the reasons why many people are willing to use Huabei.
Now some people may have this point of view: With Huabei, is it necessary to use a credit card?
Dear readers, what do you think of this? I can only say that in the world of credit cards, those who dare to say this must be people who have never used a credit card. If they have, they will never compare like this. The two are only similar at best, and they are not comparable to credit cards to the extent that Huabei can, and the regulators will not allow it. I will use "evidence" to tell those who are talking nonsense and let them wake up!
Let me first briefly talk about the basic information about Huabei and credit cards:
A credit card is a credit instrument that banks grant credit to individuals or organizations. Simply put, a credit card is a loan that can be consumed and withdrawn with a certain interest-free period. At present, the longest interest-free period for domestic credit cards is generally 56 days, which is a credit tool that allows consumption in advance and repayment later.
Huabei is a financial service provided by Ant Financial Services Group. Huabei is a consumer credit product. Its function is somewhat similar to a credit card. You can enjoy the experience of spending first and paying later, and there is also a certain interest-free period. .
The similarities and differences between credit cards and Huabei
Similarities:
1. They are both products that consume first and pay later.
2. There is a certain interest-free period, and almost all have a daily interest rate of 15,000 yuan.
Differences:
1. Although Huabei and credit cards both consume first and pay later, Huabei cannot withdraw cash.
2. The coverage of the two is different.
Huabei is supported by many mainstream e-commerce platforms. Offline, anyone with an Alipay QR code can pay. Credit cards can be used on any e-commerce platform. For example, a credit card can be used on Tmall. It can also be used on JD.com, but Huabei cannot. Offline, only well-known brands or stores support the use of credit cards, but Huabei is just the opposite. Not all well-known brands or stores support the use of Huabei, but it seems that all Small shops all support Huabei. After all, installing a bank payment system costs a lot of money and is complicated.
Credit cards are universal, but Huabei is not, at least not yet.
3. User application conditions are different. Credit cards look at credit reports and personal qualifications, while Huabei looks at Alipay usage.
4. Credit cards offer more discounts than Huabei, such as air tickets, airport VIP hall services, movie tickets, milk tea, restaurant discounts, etc.
5. A person can only have one Huabei, but a person can have multiple credit cards without duplication or different benefits.
6. The Huabei limit is not high, but the credit card limit can be very high.
The above only lists a few points that everyone is more concerned about, and they are also relatively obvious points, but the differences between them are more than these. Friends who are interested can study it in depth by themselves.
Young people prefer to use Huabei
According to relevant data from Ant Financial, the owner of Huabei, many users of Huabei have never used a credit card, and almost all of them have never used a credit card. Post-90s. In fact, it's not that they don't like to use credit cards, but as long as they have a mobile phone with Alipay installed and used every day, they will automatically be able to open Huabei. This is not the case with credit cards. You also have to go out of your way to apply for it. At the same time, if you don't say it, you still don't know what it is. Easy to use.
Kashen Tianxia has something to say: As you can see from the above, Huabei is not comparable to credit cards, and they are also different. And I dare say that Huabei can never replace credit cards, because the regulatory authorities do not allow it. Just like Alipay can never be used as a bank card, many friends now like to put money in their Alipay balance rather than put it in their bank cards, but this is not allowed by the regulatory authorities.
"Well, that's my mentality; yesterday you ignored me, but today I will make it impossible for you to reach your heights." Hahaha, just kidding, I still wanted to apply for a credit card in the early days, especially In 2013, because there were movie theaters and many specific shopping malls, you could enjoy discounts. The most important thing was that you could use it this month and pay it back next month, which was really good; but I applied many times and was rejected!
Because I didn’t have enough academic qualifications, because I didn’t have enough qualifications to work in the company, because... I refused because of many factors, so I simply didn’t apply for it later, especially after I got Huabei, I gave up completely. I had the urge to apply for a credit card, and many business people came to my door or called me to ask if I could apply for a credit card, but I refused directly!
Because Huabei has now opened with a limit of a few hundred yuan to a limit of 20,000 yuan, which at least meets my daily needs, and a lot of consumption in the past few years has basically been paid through Alipay and WeChat payment is completed, so Alipay’s Huabei can solve urgent needs. At the same time, if there is a problem, you can spend it through Huabei in time. At least you don’t have to worry about not having enough money to eat during that period!
So Huabei has created a lot of convenience. Of course, it has played the role of a credit card in terms of basic functions. However, there is definitely no definite answer to whether it has as many advantages as a credit card, because different banks have Credit cards have different functions, different limits, and even different conditions, so naturally they also differ in many levels of consumption! Although Huabei is very powerful, there are still some occasions where it still supports mainstream credit cards!
But most of them still support Huabei, because Huabei is really convenient to use. At least you don’t need to carry a card with you. As long as you meet the requirements, it is easy to activate on your mobile phone, unlike Huabei. There are a lot of processes required to open a credit card, and you even need to fill in the contact information of relatives, friends or parents before the application can be completed! So in terms of convenience, handling Huabei is much more convenient!
Of course, in many physical stores and many shopping malls, Huabei can basically be used. Unless some occasions do not support Alipay Huabei payment, there is no way! Not only that, but the most important thing is that online shopping can enjoy the benefits of consumption first and pay later, and even Huabei’s installment plan. This also greatly enhances the value of Huabei. It not only jointly enjoys the discounts of physical stores with offline merchants, but also It can also be used for online shopping, which undoubtedly increases its practicality!
I personally think Huabei is more user-friendly than credit cards. As long as you maintain good credit, Huabei is very convenient.
What is the factual basis for your question?
As far as I know! Also, based on the number of people I interact with in my daily business, credit cards are used more often in real life! It is also used frequently for the following reasons!
First: Credit cards have already been issued. The earliest credit card was issued in 1985. It has been more than 35 years since the issuance of credit cards. As of the end of the third quarter of 2018, the number of credit cards and debit cards in use across the country totaled 659 million, a month-on-month increase of 3.36%, and the average number of credit cards held per capita was 0.47. The number of credit cards issued has already exceeded 100 million, and young adults have an average of 3 cards per person. Therefore, the number of people who have opened Huabei is currently not as large as the number of credit card holders.
Second: The credit card limit is relatively higher! The credit card limit can reach 10 million! And Huabei’s maximum is only 50,000. The credit limit of Huabei is too low, and some people don’t use it even if they open it, because the credit card limit is higher, and ordinary people have credit cards worth tens of thousands.
Third: Credit cards have points and more benefits. You can enjoy lower discounts on installment fees, as low as 3% per month, while Huabei generally charges a minimum of 6%. Especially customers with large amounts will enjoy more discounts.
The credit card is already relatively full! A stable customer base has been formed! And Huabei is still growing rapidly.
Finally, it’s not that Huabei is not good. Huabei is also very popular among the public. For example, those who like to buy things online will use Huabei conveniently. The emergence of Huabei has attracted many people who are not qualified to apply for credit cards.
Regardless of whether you use Huabei or a credit card, it is important to repay your debt on time. Developing a good credit record is crucial to applying for car loans, home loans, or other loans in the future.
This idea is generally shared by people aged after 95. Because I work in the credit card industry, every time when I promote in the local market, I will meet some young ladies born in 1995 who say: I have Huabei, so I don’t need a credit card. It’s convenient to spend money, and the money will be paid back automatically. Credit cards are a hassle. In fact, it’s because they have some misunderstandings about credit cards [face covering], and the most important thing is that they don’t understand credit cards!
The maximum repayment period of Huabei is not as long as that of a credit card, so I prefer to use a credit card. However, where I cannot use a credit card, I will choose Huabei
Because there are more small-amount purchases in daily life, unlike credit cards which are used for large-amount purchases, there are actually different ways of using them:
1. Huabei is used for daily groceries and meals. For paying bills, the consumption amount in this case is relatively small and many people can afford it with Huabei, so some people say that many people use Huabei.
2. Credit cards are used for purchases such as furniture, large items or gold jewelry. In these situations, large purchases are relatively high. Naturally, there are more people using credit cards, so we can only talk about the use occasions. different.
It would be more interesting to compare Huabei with WeChat Pay! ~
It’s not easy to answer, so don’t comment if you don’t like it. Thank you for watching! ~