When purchasing a car, the credit card you apply for requires a car purchase invoice.

The car purchase credit card process is as follows:

Advantages: low application threshold, convenient repayment, no mortgage required. Disadvantages: limited models of cooperative brands and limited quota. Documents required: proof of identity, proof of income, Bank statements and asset certificates for half a year or more.

The installment method of purchasing a car with a commercial bank credit card is actually the same as our usual consumer credit card, and the procedures and thresholds are relatively low. However, the size of the credit limit depends on the income level and credit qualifications approved by the bank. In addition, there is no interest for installment car purchases with credit cards, but there are installment handling fees. The rates of each bank are different. Taking China Merchants Bank as an example, it is 5.5% for 12 installments, 10.5% for 24 installments, and 14.5% for 36 installments. Compared with traditional bank loans, It will be a little higher.