Many banks' credit cards can provide high-quality cardholders with large special installment limits, but after application, it will become a kind of liability for the cardholder. Therefore, many people are afraid to apply for fear that it will appear on the credit report after application. It shows that being recognized by the bank will affect future applications for mortgage loans, car loans, and even credit cards. Let’s discuss this issue together.

Will large-amount credit card installments be reflected in the credit report? This depends on whether the credit report is from the first generation or the second generation. 1. If it is the first generation, that is, the old version of the credit report, many banks are quite stupid and will not separately list the large credit card installments on the credit report. Instead, they will use electronic credit cards instead, and only list them on the credit report. It shows the name of the credit card and the total credit limit of the credit card. Such large installments, such as parking space loans and decoration loans, cannot be identified on the old version of the credit report. The bank will only see that the cardholder has added a new electronic credit card, the total limit of the card and the monthly repayment limit. When a loan officer approves a loan, it is difficult to find out the applicant's actual debt status. 2. If it is a second-generation credit report, that is, after the new version of the credit report system is officially switched, a "large-amount special installment information" will be added to the credit report, and the large-amount installments processed will be reflected separately, and the credit review personnel will By checking the credit report, you can see the time and amount of the large credit card installment, so the applicant's debt situation will be hidden. Once the applicant's debt ratio is too high, for example, the household debt ratio exceeds 50, when applying for a mortgage or car loan from a bank, the bank will question the repayment ability. If the applicant cannot provide sufficient proof of financial resources, the loan is likely to be rejected. Unless you pay off your credit card in large installments, it will be difficult to get a loan. The last thing to remind is that the Credit Information Center of the People's Bank of China recently issued a notice requiring all institutions connected to the central bank's credit information system to complete joint debugging tests with the second-generation credit information system on November 30, 2019, so if you want to For those who are applying for home loans or car loans, it is best to pay off large credit card amounts in installments before the second-generation credit system is officially launched, so as not to affect loan approval.