How to get a loan with a credit card? Applying for a loan with a credit card is so easy
You can easily apply for a loan with a credit card. In fact, many cardholders don’t know this. Except for some credit card holders on the market, In addition to online platforms that allow you to borrow money, credit cards themselves actually have such a "special function." How to get a credit card loan, how to apply for a credit card loan, this will tell you.
What is a credit card loan?
Credit card loans are simply credit card installment business, such as China Merchants Bank’s cash installment, Shanghai Pudong Development Bank’s Universal Finance, Bank of Communications’ angel loan, etc. In fact, the business names of each bank are different, but the essence is the same.
A fund overdraft function provided by banks to cardholders, which transforms the consumer loan function of credit cards into unsecured ones. 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.
How to get a credit card loan
The threshold for credit card loans is generally not high. As long as the cardholder has a good consumption and repayment record, the application to the bank will generally be approved when cash is needed. Some banks take the initiative to apply for credit card loans, but most of them require cardholders to actively apply based on their own needs. The process for cardholders to actively apply is roughly as follows:
1. Call the bank’s credit card customer service number and find a manual service.
2. Tell the customer service that you want to apply for a credit card loan or cash installment. The customer service will ask you what you will use the funds for. Remember not to say it is for investment, it can be anything else. After passing the review, you will be asked to tell the last three digits on the back of the credit card, and then transfer the funds to the debit card of the credit card issuing bank. It can be a debit card of another bank, but other bank cards will charge a handling fee.
More and more people are applying for credit cards to meet their daily consumption and expenses. If you also want to apply for a credit card, let’s give you a safe and fast application entrance! Just click on the credit card application portal. There are the most complete types of cards here, it just depends on which one you want to apply for!
How to apply for a loan with a credit card?
Can I apply for a loan with a credit card?
You can apply at a local bank.
Application requirements:
1. Be a resident of mainland China who is over 18 years old;
2. Have a stable address and work or business location;
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3. Have a stable source of income;
4. No bad credit record, and the loan cannot be used for stock trading, gambling, etc.
5. Other conditions required by the bank.
Processing process:
1. Submit an application to a local bank or lending institution;
2. Prepare various materials required for a loan;
3. Interview with a bank or lending institution;
4. The bank reviews the lender’s qualifications;
5. The review is approved and the loan is granted successfully.
How long does it take to apply for a credit loan after using a credit card
Based on my years of experience in banking and using credit cards, there are two situations that can be applied.
1. Apply for a card through a card. Whichever bank applies for a card through a card, the new card will generally have a higher limit than the original card.
The premise is that you already have a credit card. Maybe the limit is not high, but it doesn’t matter. I remind you to maintain a good repayment credit record, even if you maintain the minimum repayment amount every month. When I was in college, , I also only paid the minimum repayment amount every month for quite some time, but the bank took the initiative to call me and asked me to increase the amount. Or if you have a credit card that has been used for more than half a year, you can also take the initiative to apply for a limit increase through the customer service phone number. In this case, your existing credit card limit will continue to increase, making it more convenient for you to apply for high-limit credit cards in the future.
2. When applying for a credit card, submit relevant property certificates. Such as cars and real estate.
In fact, for high-value credit cards, I personally understand that there is no high or low threshold for any bank. Only different banks have different requirements for property certificates when approving cards. You cannot just provide them casually. It depends. Whether the bank accepts it.
For example, Minsheng Bank, where I have worked before, high-limit credit cards are classified into: Diamond Card (starting limit of 200,000), Deluxe Platinum Card (starting limit of 80,000), Standard Platinum Card (starting at 40,000 start). However, the bank does not accept car ownership certificates. Even if you have a famous Shenma car, the only condition for acceptance is: apply for a card or real estate with a card.
Apply with a card and do not need to provide any additional proof of assets: The applicant is required to have a credit card that has been used for more than half a year, and the credit limit of the card is at least 40,000 yuan (the original card limit is more than 40,000 yuan, you can apply for a standard platinum card, if you have a credit card of more than 80,000 yuan, you can apply for a deluxe platinum card, and if you have a credit card of more than 150,000 yuan, you can apply for a deluxe platinum card. (Diamond Card)
Put in items by real estate: The standard platinum card requires a real estate value of more than 800,000 yuan, the deluxe platinum card requires a real estate value of 1.6 million yuan, and the diamond card requires a real estate value of more than 3.2 million yuan.
According to my understanding from some colleagues around me, Guangfa and China Merchants Bank accept vehicle-related certificates, so different banks have different application conditions. It is recommended that you consult some stalls on the streets and shopping malls. Contact the credit card processing staff, or call the customer service of each bank.
How to get a loan with a credit card
If it is a China Merchants Bank credit card, you can log in to the mobile life client and try to apply for cash installments, e-loans, reserve funds, etc. Please refer to the audit results for the specific amount and fees.
Can I apply for an ICBC credit card loan?
Yes,
Credit card application conditions
You must be over 18 years old and have full civil Chinese nationals, foreigners permanently residing in the country, and compatriots from Hong Kong, Macao and Taiwan who are capable of acting, have legal and stable sources of income and have good credit standing can apply for a bank credit card from the card issuer with their valid identity documents.
The materials that need to be provided are as follows:
1. Identity proof information: a copy of the resident ID card or military officer's ID card; Hong Kong and Macao compatriots must provide a copy of the Mainland Travel Permit and the proof of residence for more than one year. ; Foreigners only need to provide a copy of their passport and residence permit for more than one year.
2. Work and income certification materials: salary certificate, copy of social security (paid for more than half a year).
3. Supporting information for credit card application: academic qualifications, professional titles, professional qualification certificates, self-owned real estate certificate, self-owned car driving license, telephone, water, electricity and gas bills of the current place of residence in the past three months. The original of any document, etc.
Can I apply for a credit card if I have a loan?
Applying for a credit card has nothing to do with whether I have a loan!
Card application conditions: 1. Be 18 years or older; 2. Hold a valid ID card; 3. No bad credit record; 4. Have proof of employment and income certificate stamped with the financial seal of the unit; 5. Other proofs of financial resources, such as real estate, cars, stocks, bonds, etc.; 6. Social security certificate; the first 4 are the most basic requirements. If 5 to 6 supporting materials can be provided, the application success rate and credit limit will be increased.
Can I apply for a loan with a credit card?
First, a credit card (debit card) has two functions: a consumption overdraft and a cash withdrawal overdraft
Second , there is no handling fee for repaying consumer overdrafts within the repayment period specified by the bank; however, a handling fee of about 3% for cash overdrafts, and a daily interest of 0.5%!
Third , you can withdraw cash with a credit card at a bank counter or an ATM machine, but the People's Bank of China stipulates that a maximum of 5 cash withdrawals per day by credit card must not exceed 2,000 yuan
Fourth, if you have the same bank If you have several credit cards, then the limit of these credit cards is limited, and the cash withdrawal must be within the limit specified by the bank; if you have credit cards from several banks at the same time, the total cash withdrawal limit of all credit cards will be Very high
Fifth, the overdraft cash withdrawal interest is a daily interest rate of 0.05%. If there is no cash in the card when withdrawing cash, that is, it is all overdraft, then the cash withdrawal fee will also be 0.000%. Wuji charges daily interest
How can I get a loan if I have a credit card?
Are you applying for a loan to buy a house or start a business? If you want to buy a house with a loan, you must have an employer and proof of income, so that the bank will give you a loan if they see that you have the ability to repay the loan. If you own a house, you can also mortgage your house to a bank. The bank will evaluate your home and give you a loan of 70%. If you apply for a credit card, you must pay attention to timely repayment, as this will affect your credit card. If your credit is not good, it will be difficult to get a loan.
How to apply with a credit card
If you are using a China Merchants Bank credit card, you can try to apply for a consumption reserve. That is: China Merchants Bank provides consumer credit services for installment repayment to eligible cardholders. After the application is successful, the funds will be transferred to the cardholder's personal credit card account and will be given priority to offset the RMB debt owed under the credit card's personal consumption account (except platinum installment cards and commercial cards). Unused consumption reserves will be offset against new transactions, but cannot be withdrawn through overpayment withdrawal.
How to use China Merchants Credit Card to get a loan?
Hello, if you need to apply for our bank’s credit card business, do you need to do cash advance business? The following is about the cash advance business, please understand:
Our bank's personal credit card has a cash advance function. You can withdraw cash from your credit card through our bank's or other banks' ATMs and bank counters (the same process as using a debit card). You can also withdraw your money through online banking and phone voice. The credit card funds are transferred to the China Merchants Bank Debit Card in your own name (the cash withdrawal function of the business credit card is consistent with the company settings). Warm reminder: There will be certain handling fees and amount restrictions for cash advance, and it does not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, interest will be charged at a daily interest rate of 5/10,000, and compound interest will be charged on a monthly basis. .
Cash advance:
Cash advance, also known as cash withdrawal, is a credit card function that provides cardholders with small cash loans. Our bank's credit card supports cash advance through ATM, bank counter, online banking and telephone.
Limit limit: The cash advance limit is generally 50 of the credit limit (except for cards with special regulations). At the same time, the daily cumulative cash advance amount of each domestic card is capped at RMB 2,000; the daily cumulative cash advance amount of each household for overseas non-UnionPay lines does not exceed the equivalent of US$1,000, and the cumulative amount within one month does not exceed the equivalent of US$5,000. , the cumulative amount within 6 months does not exceed the equivalent of US$10,000.
Handling fees, interest and limit limits: Handling fees: Domestic RMB cash advance handling fee is 1% of the cash withdrawal amount, with a minimum charge of 10 RMB per draw; overseas RMB cash advance handling fee is 1% of the cash withdrawal amount; 3 of the cash withdrawal amount, the minimum fee is USD 3 or RMB 30 per transaction (American Express-Centurion Black Gold Card, American Express-Centurion Platinum Card charges a minimum fee of USD 5 or RMB 30 per transaction). There is no inter-bank handling fee for cash advance.
Interest: Cash advance does not enjoy interest-free repayment. From the day of cash withdrawal to the date of settlement, interest will be charged based on the daily interest rate of 5/10,000, and compound interest will be charged on a monthly basis.
If you have any questions about other China Merchants Bank credit cards, please search "4008205555" in QQ business friends and add "China Merchants Bank Credit Card Center" as a friend; or search "cmb4008205555" in WeChat to follow "China Merchants Bank Credit Card Center" For consultation, thank you for your attention and support to China Merchants Bank!
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 50,000, which is converted 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 the situation of borrowing money, and borrowing the credit limit from the credit card to the cardholder's savings card. When you borrow money using the app, interest is calculated on a daily basis, usually around 50,000. In addition, you often need to pay a handling fee of around 10,000.
Operating environment: iPhone11ios15.0 Bank of China V7.2.0
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1. Credit card loan refers to the bank granting the cardholder 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. At present, the application threshold for credit card loan business is not high. As long as the cardholder’s credit status is good and there are no abnormalities in the 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 directly handle the process through mobile banking, WeChat, bank apps or through customer service, and tell the customer service how much money 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 domestic 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 the installment mail order catalog manual sent by the card-issuing bank (or the bank's online installment mall) and chooses 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, all of which must be borne by the cardholder.
How to use credit card loans?
How to use credit card loans?
Credit card loan is a credit card installment business launched by banks. So how to use credit card loan? What is the specific process of credit card loan?
First of all, you have to apply for a credit card to the bank , and submit relevant supporting materials, such as identity certificate, income certificate, work certificate, etc., and personal credit is good;
Second, wait for bank approval;
Third, after approval , you can get a card with a certain credit limit granted by the bank.
After the applicant gets the card and activates it, he can swipe the card to purchase the goods he needs. However, after overdrafting a credit card, the cardholder must repay it in full and on time to avoid leaving a bad credit record.
How to apply for a loan with a credit card?
Credit card loans are generally a credit card installment business. The loan amount is generally between RMB 20,000 and RMB 200,000, and can be repaid in installments. There are three categories: 12 months, 24 months, and 36 months. Generally speaking, there is no loan interest rate for credit loans. However, banks will charge handling fees, and the handling rates for different installments will be different. Currently, 6 banks that support credit card loans include Industrial Bank, China Guangfa Bank, Ping An Bank, China CITIC Bank, Shanghai Pudong Development Bank, and Huaxia Bank. To apply for a credit card, you need to: first, apply for a credit card to the bank and submit relevant supporting materials, such as proof of identity, income proof, work certificate, etc., and have good personal credit; second, wait for bank approval; third, pass the approval After that, you can get a card with a certain credit limit granted by the bank. After the applicant gets the credit card, he needs to activate it. After activation, he can use the card to buy things. However, a special reminder is that after overdrafting a credit card, the cardholder must repay it on time. If a bad credit record is left, it will be difficult to get another loan.
The credit card has a limit, but there is no loan limit. How can I use a credit card to get a loan?
The credit card itself has a limit. If the limit cannot meet your personal needs, you can apply for a temporary limit and apply for installment repayment after consumption.
Credit cards are just a card that banks award based on personal creditworthiness and cannot be used as a basis for loans.
How much can you borrow for a credit card loan? How to apply for a credit card loan?
Credit card loan means that the bank will grant a certain amount of credit based on the credit status of the credit card holder. The card holder 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. Period 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 a number of periods such as 3, 6, 12 or 24 periods. (monthly) installment payment.
Can I use a credit card to get a loan?
Using a credit card to repay a loan is actually using a credit card to withdraw cash. Failure to repay in time will, according to the law, constitute a malicious overdraft and violate the law.
Credit cards are special carrier cards issued by banks to individuals and organizations, which can be used to shop and consume with special organizations, deposit and withdraw cash from banks, and have consumer credit. In layman's terms, a credit card is a small loan payment tool provided by banks to users to consume first and repay later. But this kind of consumption can only be used for activities such as shopping in shopping malls. Credit cards can be used to purchase cars, houses, etc., but there are no points. Therefore, the so-called using a credit card to repay the loan is actually withdrawing cash from the credit card to repay the loan. Once a credit card uses the cash withdrawal service, it is the beginning of the interest "trap" for cardholders: various banks charge a handling fee ranging from 0.5 to 1 for domestic cash withdrawals. In addition to the handling fee, the cardholder must also pay interest. , calculated based on the daily interest rate of 5 and the annual interest rate of 18. It is equivalent to borrowing another loan in addition to the mortgage.
Therefore, when withdrawing cash and repaying a loan with a credit card, you not only have to pay the interest-free repayment period, but also have to pay handling fees and interest. The handling fees are quite high, and the interest is calculated based on daily compound interest. In fact, The gain outweighs the loss.
How to use a credit card to repay a mortgage
If you use a China Merchants Bank credit card, it has a cash advance function.
The cash advance limit is set according to your card usage. It is included in the credit limit of your credit card. The cumulative amount of cash withdrawals generally does not exceed 50 of your credit limit (youth card can pre-borrow 100). Please call the credit card’s 24-hour customer service hotline for the specific limit. In addition, according to the relevant regulations of the People's Bank of China, the daily cumulative cash advance amount per domestic card shall not exceed RMB 2,000 (5,000 yuan per card per day for mobile life/online banking); the daily cash advance amount for each overseas household The cumulative value does not exceed the equivalent of US$1,000, the cumulative value within 1 month does not exceed the equivalent value of US$5,000, and the cumulative value within 6 months does not exceed the equivalent value of US$10,000. Cash advances will incur corresponding fees and interest. Handling fee: The handling fee for domestic RMB cash advances is calculated at 1% of the amount of each cash advance. The minimum charge is RMB 10 per transaction. The handling fee for overseas (including Hong Kong, Macao and Taiwan) cash advances is calculated at 3% of the amount of each cash advance. Fees, the minimum charge is RMB 30 or US$3 per transaction (the minimum charge for American Express-Centurion Black Gold Card, American Express-Centurion Platinum Card is US$5 or RMB 30 per transaction); interest: pre-loan Cash transactions do not enjoy the interest-free repayment treatment. Interest will be charged at a daily interest rate of 0.5% from the transaction date to the settlement date, and compound interest will be charged on a monthly basis.
How to use credit cards
Credit card transaction tools are issued by the modern banking financial system and are aimed at companies and individuals in society who have stable income and good transactions with banks.
Credit cards occupy a high position in the banking system. Compared with debit cards and other cards, they can bring huge profits to banks. At the same time, credit cards also have a high popularity index. The fundamental reason is that credit cards can be used for overdraft consumption.
But this also creates a problem, that is, those who use credit cards incur huge additional costs (interest, late fees, taxes, handling fees, intermediary fees, etc.), which drags down users and their creditworthiness.
So we should use it reasonably!
1. Try to have an overdraft within the scope allowed by the bank
2. Repay the loan in a timely manner
3. You can use the overdraft of your credit card to purchase some items with great value. Value-added products (provided you are able to repay)
4. Try to conduct transactions at merchants that cooperate with banks and swipe credit cards to gain credibility points
5. Don’t be malicious Overdraft
6. Consult banks for more information about credit cards in order to achieve the most effective use of credit cards
7. Check credit card funds in a timely manner
Hope My answer will help you!
How to apply for a credit card loan
There is a big difference between a credit card and a loan. It is much simpler for a credit card. You only need to attach your work permit and ID card with proof of your financial resources. Yes, just make a phone call and many bank staff will come to handle it for you. But getting a loan is a lot of trouble. The specific standards of each bank are different, so you need to consult the account manager at each bank branch.
Which bank’s credit card you want to apply for can just call the bank’s customer service number, find a credit card customer service, tell them that you want to apply for a credit card, leave your contact information and a salesperson will take the initiative to contact you to apply for the card.
Credit card loans can be used for car purchases, decoration, travel, etc. Compared with bank consumer loans, credit card loans do not require bank loan interest, but a certain proportion of handling fees are required, and the handling fees are paid in one lump sum. Handling fee = installment amount
If you want to apply for a credit card loan, you need to have a stable job and income, and no bad credit record. If you meet the basic conditions, the applicant can apply to the bank with proof of identity, work certificate, income certificate and other materials. .
After submitting the application materials, you can wait for the bank audit. Generally, as long as your job and income are stable and your credit record is good, your application can be successful. The specific amount is related to the applicant's work and income status.
After passing the audit, the applicant can obtain a credit card with a certain limit and a certain credit limit granted by the bank. After the applicant gets the card and activates it, he can swipe the card to purchase the goods he needs. However, after overdrafting a credit card, the cardholder must repay it in full and on time to avoid leaving a bad credit record.
This is the end of the introduction about applying for a loan with a credit card and the documents required for applying for a loan with a credit card. Have you found the information you need?