Can I get a loan with a credit card (credit card)?
Credit cards (debit cards) can be used for loans. Generally speaking, banks will launch exclusive loan services for credit card (debit card) customers, such as Bank of Communications Haoxiangdai, CITIC Bank Kuaiyidai, China Merchants Bank reserve funds, etc. Users can apply for relevant loan services from the bank as long as they hold a bank credit card (debit card) and it is in good condition and has no overdue repayment record.
It should be noted that if you do not have a credit card (debit card), you can only apply for other loans, but not this type of exclusive loan.
Can I get a loan with a credit card?
It is possible to get a loan with a credit card. There are two main ways for cardholders to obtain loans through credit cards:
1. Withdraw cash from ATM or counter. The amount of cash withdrawal depends on the available limit of your credit card. Usually after cash withdrawal, the interest on this part is calculated on a daily basis, usually an interest of RMB 50,000, which translates into an annualized interest rate of about 18%. And when withdrawing cash, you may need to pay a one-time additional handling fee to the bank.
2. Credit card APP borrowing function. Now basically every credit card issuing bank has launched its own exclusive credit card app. Such as the colorful life of Bank of China. There are many applications in this type of credit card app. In the application, you can often find situations where you can borrow money and borrow the credit limit from the credit card to the cardholder's savings card. When using an app to borrow money, interest is calculated on a daily basis, usually around 50,000. In addition, you often need to pay a handling fee of around 1%.
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1. Credit card loans refer to loans granted by banks to cardholders within a certain credit limit. The overdraft function transforms the consumer loan function of a credit card into an unsecured one. It is actually a credit card transfer loan business. After the credit card loan application is approved, the bank will transfer part or all of the credit card limit to the debit card, and the loan will be repaid according to the repayment period agreed with the bank, and the cardholder will pay the corresponding handling fee.
2. The current application threshold for credit card loan business is not high. As long as the cardholder has good credit status and no abnormalities in his account, he can generally apply. Most banks can provide personal credit card loans through two methods: telephone invitation and customer application. Some banks adopt the method of bank invitation. Customers actively invited by banks generally receive higher loan amounts than customers who actively apply. Through this method, you can apply for loans ranging from 5,000 yuan to 200,000 yuan. As for the amount of personal credit card loans you can borrow, it is related to the original credit limit of the credit card holder.
3. Credit card loans are simply cash installments. Cardholders can directly handle the process through mobile banking, WeChat, bank app or through customer service, and tell the customer service how much funds they want and how many installments they want to repay. The bank system will show your daily card usage and credit card limit. According to the status displayed on the system , customer service will tell you how much funds you can have, and then make installment repayments.
Can I get a loan with a credit card?
If you can get a loan with a credit card, the maximum loan application limit can be up to 200,000 yuan. However, the basic prerequisite for applying for this card is that your personal credit is good and you must have a certain ability to repay.
Basic credit card loan process:
1. The cardholder calls the bank to apply for a loan;
2. Provides credit card information (name, name, back of credit card last 3 digits);
3. Explain the purpose of the loan, and note that the loan amount cannot be used for loan repayment, investment, etc.;
4. Confirm the repayment agreement and provide Debit card in my name so that the applied cash installment funds can be transferred;
5. After approval by the bank. Once approved, the account will generally arrive within one day.
Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. Apply to deduct consumption funds in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount. In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments.
Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.
Most banks in China have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion. .
Shopping mall installment, also known as POS installment, means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment at the mall and indicate that you need to pay in installments. The cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues). Note: Cardholder identity verification is required when doing shopping mall installments, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.
Mail-order installment means that the cardholder receives an installment mail-order catalog brochure from the card-issuing bank (or the bank's online installment mall) and can choose from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order. There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to do more comparisons before purchasing.
Bill installment is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent. However, it should be noted that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully. The disadvantage of bill installment is that the handling fee is not waived. The longer the number of installments, the higher the handling fee, which must be borne by the cardholder himself.
Can I get a loan with a credit card?
I can get a loan with a credit card. There are two main ways for cardholders to borrow money through credit cards: 1. Withdraw cash through bank counters or ATMs and pay the corresponding handling fees; 2. Borrow money through the credit card APP and withdraw the funds in the credit card limit to yourself. Deposit card; 3. Loans through consumer loan products launched by credit card APP.
Credit card loans refer to banks granting a certain amount of money based on the credit card holder’s credit status, and the cardholder 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. Handling fee: You do not need to pay bank loan interest when purchasing a car in installments with a credit card, but you will need to bear a one-time handling fee. Handling fee = installment amount Loan term: The maximum term for installment car purchases is generally 24 months. Down payment: When purchasing a car by credit card installment payment, you generally need to pay a down payment of no less than 30% of the car price. Limit: Each bank stipulates the loan amount for credit card installment car purchases. For example, China Construction Bank stipulates that the installment amount for car purchases ranges from 20,000 to 200,000.
Credit card loans for car purchases include zero interest in installments, preferential handling fees, no guarantee, and no mortgage. You also enjoy credit card points rewards, without the burden of high loan interest, and you are also exempted from the tedious mortgage procedures. By applying to the bank Just provide some materials to apply for a special credit card and pay the one-time handling fee. The disadvantage is that there are restrictions on car models and prices, but most commonly used models can be selected. Shopping mall installment is one of the bank credit card consumer credit services. That is, when credit card holders make purchases, they can choose to divide the total price of the purchased goods or services into several installments, such as 3, 6, 12 or 24 installments. Pay in installments of several (months).
Repay the amount on time according to the credit card bill in each period (month). When the cardholder chooses to go to a bank's designated installment merchant store and complete the installment payment through a designated POS machine, it is called "mall installment payment" or "mall installment" for short.
That’s it for the introduction of whether you can get a loan with a credit card.