No. A credit card is a special carrier card issued by a bank to individuals and organizations, which allows them to shop and consume with special entities and deposit and withdraw cash from the bank. It has consumer credit. Credit cards cannot be used as a mortgage repayment account. That is to say, credit cards cannot use the credit limit to repay through consumption, and cannot enjoy the credit card's interest-free period of up to fifty days.

Will applying for a credit card affect the mortgage loan?

Applying for a credit card will not affect the mortgage loan. The limit of the credit card will not affect the mortgage and mortgage limit. However, if the credit card has bad credit such as overdue The situation will affect the mortgage loan. Generally, the following factors will affect home purchase loans:

1. Mortgage down payment ratio. The bank loan limit is affected by the down payment ratio of the loan and usually cannot exceed the difference between the total house payment and the down payment. Because different cities have different down payment ratio policies, and different banks have different loan policies, the amount of money you can borrow is also different. It is recommended to learn more about each bank’s policies before taking out a loan.

2. The borrower’s loan repayment ability. The loan repayment ability mentioned here mainly refers to the borrower’s monthly income. The loan repayment ability coefficient = monthly income/monthly payment. Generally speaking, the loan repayment ability coefficient can It intuitively reflects the borrower's repayment ability. The higher the loan coefficient, the stronger the repayment ability.

What impact does an overdue credit card have on a home purchase loan?

1. Overdue credit cards a total of 6 times or 3 times in a row within two years will leave a stain on your credit record and your loan application will be rejected. loan. Each bank has different standards for how many times it is overdue for a loan. Generally speaking, banks will refer to the number of overdue payments in the past two years. Generally speaking, if a couple has made three consecutive overdue payments within two years, or has accumulated six overdue payments, they will not be able to obtain a loan.

2. Overdue only once or twice. Loan interest rates may rise, but loans are generally not denied. Remember to consult several banks, compare interest rates, and choose the loan with the lowest interest rate. However, if you happen to have an overdue credit card when you apply for a loan, you will usually not be able to get a loan even if you have a good credit record.