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Is the mortgage repayment a credit card or a debit card?
Mortgage repayment is a debit card, not a credit card. A debit card is a savings card. When users apply for a loan, if they have a savings card of the bank, they can bind this card to repay the mortgage. If the user does not have the bank's savings card when handling the loan, he can apply for a savings card when handling the loan, and then bind this card to repay the mortgage.

Banks are not allowed to use credit cards to repay mortgages. The credit card amount is lent by banks to users, and users need to repay after using it.

Do you have to have a credit card for a mortgage?

You don't need a credit card for a mortgage. Only when the applicant applies for the exclusive loan service for credit card users must he provide a credit card.

The mortgage application only requires the applicant to have legal status, stable economic income, good credit record and the ability to repay the principal and interest of the loan, the original and photocopy of the lease contract, the company income certificate issued by the company and the three-month bank flow certificate confirmed by the bank seal.

If the user has a credit card, it can be provided to the bank when applying for a mortgage, which is conducive to the bank's credit evaluation of the user.

When will the mortgage credit card be activated at the latest?

There is no time limit for banks to activate credit cards, as long as they can be activated at any time within the validity period. If it is not activated after the expiration date, the card will be cancelled and invalid.

The validity period of credit card activation is generally three years, because the regulations of each bank are different, and the actual regulations of the issuing bank shall prevail.

After the credit card application is successful, even if it is not activated, the specific amount will be displayed in the personal credit report, and the words "The card is not activated" will be displayed. Although it is not a bad credit record, it may affect the success rate and amount of credit applications in the future, because financial institutions that review credit information will think that you lack the demand for loans.