I believe that many users are familiar with credit cards. In the modern society where mobile payment is becoming more and more developed day by day, it is not uncommon for people with multiple credit cards in their hands. However, there are still many cardholders who don't know about credit cards. Is credit card consumption a loan? Does credit card consumption loan affect mortgage? Let's take a look! is credit card spending a loan? Credit card consumption is actually a loan, but there are some differences with the loans that people are familiar with. Credit card spending can only be used in online platforms or offline physical stores, and the amount that can be cashed is limited, and the maximum amount cannot exceed 5% of the credit line of the credit card. Moreover, the credit card limit can be recycled, and the cash loan, which is often said, will not be restored after repayment, and it needs to be re-examined when it is used up. In addition, credit card spending has an interest-free period, and if it is repaid in full and on time before the repayment date, it will not generate interest. However, the interest will be calculated from the cash loan. Many banks have also launched credit card loan products, which do not occupy the credit line of credit cards, and can apply for additional loan lines with credit cards. For example, angel loan from Bank of Communications and E-point loan from Shanghai Pudong Development Bank.

does the credit card consumption loan affect the mortgage? Credit consumption loans generally do not affect mortgages, as long as they are paid off and there is no overdue record. If the cardholder has overdue records, long-term non-repayment, illegal use of credit cards, malicious cashing and other behaviors when using credit cards, it is easy to trigger the bank risk control system. The cardholder's credit card will be downgraded and blocked, which will also affect the cardholder's mortgage approval results. The above is the sharing of the relevant content of "whether credit card consumption is a loan", hoping to help everyone!