Theoretically, credit cards can only be used for daily consumption such as shopping, catering and traveling. But buying a house is not one of them. However, banks will not set restrictions on credit card swiping, and almost all developers have credit card swiping machines. As far as the actual situation is concerned, credit card can be used to pay the down payment of house purchase, but there are some problems that need attention when using credit card to pay the down payment of house purchase.

Precautions for paying down payment by credit card:

1. We pay the down payment on the house by credit card. Because the down payment for buying a house is generally large, we will need multiple credit cards to accumulate credit cards to meet the payment demand. Therefore, if we want to use credit cards to pay the down payment for buying a house, we need to hold multiple credit cards in our hands.

2. If the credit card itself is insufficient, you can apply for adjusting the temporary credit limit. The adjustment range of temporary credit line varies from bank to bank. Some banks can adjust the credit line according to the standard of 100%, while others can only increase it by 80%. After applying for a temporary credit line, paying the down payment by credit card requires the cardholder to pay off the temporary credit line in one lump sum before the current repayment date, and it cannot be phased.

We use credit card to pay the down payment for buying a house. Once a refund occurs, it will take a long time. Therefore, we should pay attention to the distance between the date of credit card swiping and the due date of repayment, so as to avoid overdue due to long refund time and affect personal credit.

4. Credit cards should be repaid in full and on time. Cardholders should pay back their credit cards according to their repayment ability. Don't spend too much in advance, lest they can't repay in time, which will lead to overdue credit cards, interest, late fees and even affect personal credit records.

5. The points of ordinary banks are not so easy to earn. For real estate, automobiles, public welfare businesses, building materials wholesale and other transactions, the profits generated are low. Banks generally stipulate that credit cards have no points. Friends who plan to earn points by brushing down payment are afraid to be disappointed.

6. In fact, real estate credit card POS machines generally take the UnionPay channel, so only UnionPay cards can be used, and single currency foreign currency cards cannot be used. When you pay the down payment by credit card, it depends on what card you are.

Can I buy a house by credit card?

It's possible. Credit card can pay the down payment of the house, and there is a handling fee for credit card consumption, but this handling fee is usually borne by the merchant, but it is not the case in the house purchase transaction. The handling fee for credit card consumption needs to be borne by the cardholder. However, loans still need to be cautious, and we should consider our actual repayment ability.

Extended data:

Credit card refers to various media that record the relevant information of the cardholder's account, have the function of bank credit line and overdraft, and provide relevant banking services for the cardholder.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc.

Credit card consumption is a non-cash transaction payment method, which does not need to pay cash when spending, and repays on the bill date.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

Down payment is the lowest proportion of down payment according to the national proportion when buying a house. Of course, the payment can be higher than this amount, but not lower than it, and the rest can be borrowed from the bank.

Since June 1 day, 2006, the down payment ratio of individual housing mortgage loan shall not be less than 30%. Considering the housing needs of low-and middle-income people, the down payment ratio of 20% will still be implemented for those who buy self-occupied houses below 90 square meters.

The down payment amount was determined according to the national policy at that time. For example: 30,000 yuan/flat house, 100 flat house is 3 million. Then, 20% down payment is 600,000, 30% down payment is 900,000, and 40% down payment is 654.38+0.2 million.

Developers advance the down payment, so that "zero down payment" can be realized. This seemingly "free lunch" has hidden risks. Professor from the School of Economics of Shandong University said that in the face of frequent price reductions in the real estate market across the country, real estate companies were forced to take promotional measures to recover cash flow. Nothing for nothing. Developers pay down payment, some pay interest, and some secretly raise the house price to get back the income, but raise the house price in disguise.

Can a credit card pay the down payment on a house?

Of course.

Credit card can pay the down payment of the house, and there is a handling fee for credit card consumption, but this handling fee is usually borne by the merchant, but it is not the case in the house purchase transaction. The handling fee for credit card consumption needs to be borne by the cardholder.

Related knowledge supplement:

First, the advantages and disadvantages of credit cards.

1. The advantages of credit card are: overdraft in advance, reducing economic pressure, convenient and fast credit card payment, and credit card users can enjoy credit card preferential activities, such as full reduction and discount.

2. The disadvantage of credit card is that it is easy for people to spend blindly, and the overdue repayment of the cardholder will also have a negative impact on personal credit information.

Sometimes when money is badly needed but money is tight, you can use a credit card to overdraw in advance, so as to avoid the embarrassment of being refused to borrow money from others and reduce the economic pressure. At the same time, credit cards can be directly used for hotel reservation and credit card payment. In this way, even if you forget to withdraw cash, you can still spend it normally. There are also some discounts on credit cards, such as dining in a specific restaurant, paying by credit card, and enjoying full reduction activities. However, the use of credit cards will make people feel "rich", which will lead to spending money like water, blind consumption, failure to pay back at the end of repayment, and overdue repayment will also have an impact on personal credit information.

Second, how to use credit cards correctly?

The use of credit cards should be moderate, and the consumption should be within a reasonable range that you can bear, so as to avoid paying back the money because of excessive consumption and develop good consumption habits. The use of credit cards should also pay attention to the repayment period, and repayment should be made before the repayment date. The number of overdue repayments will affect personal credit information, which in turn will affect other consumption behaviors. For example, people with black credit information can't buy train tickets.

Third, matters needing attention when paying down payment by credit card.

1. Pay the down payment for buying a house by credit card. Because the down payment for buying a house is generally relatively large, it takes multiple credit cards to accumulate credit cards to meet the payment demand. Then, if you want to pay the down payment on a house with a credit card, you need to have multiple credit cards in your hand.

2. If the credit card itself is not enough, you can apply for adjusting the temporary credit limit. The adjustment range of temporary credit card limit varies from bank to bank. Some banks can adjust the credit line according to the standard of 100%, while others can only increase it by 80%. After applying for the temporary limit, the cardholder must pay off the temporary limit in one lump sum before the current repayment date, and cannot repay it in stages.

3. Once the down payment for buying a house is refunded by credit card, the refund time will be longer. Therefore, we should pay attention to the distance between the date of credit card swiping and the due date of repayment, so as to avoid overdue due to long refund time and affect personal credit.

4. Credit cards should be repaid in full and on time. Cardholders should pay back their credit cards according to their repayment ability. Don't spend too much in advance, lest they can't repay in time, which will lead to overdue credit cards, interest, late fees and even affect personal credit records.

It doesn't make any sense to pay down payment for buying a house with a credit card. Credit card points cannot be accumulated for such consumer transactions.

6. Real estate credit card POS machines generally take the UnionPay channel, so you can only use UnionPay cards, not single currency foreign currency cards.

In short, the down payment can be paid by credit card, but the buyers must use it correctly. If you don't pay back the credit card arrears in the later period, you will still suffer in the end.

Can I pay the down payment by credit card?

It is ok to pay the down payment by credit card. There is a handling fee for credit card consumption, but this handling fee is usually borne by the merchant, but not in the purchase transaction. Developers take advantage of buyers' lack of funds to buy a house, and then ask buyers to bear the handling fee, which buyers who are eager to buy a house often accept.

The down payment of a house is different from ordinary consumer goods, and the amount is usually large. Some people's credit cards are not high enough, so it is difficult to pay a large down payment on one card. So use multiple credit cards to make up for the lack of credit limit. Many credit cards spend a large amount at the same time in the same merchant, which is easily recognized by banks as cash-out behavior.

Cashing out is an illegal act in itself, from being banned by banks to being included in bad credit records. Some homebuyers pay the down payment by increasing the temporary quota and using multiple credit cards, hoping to reduce the repayment pressure by installment payment. However, the real estate transaction cannot be staged, and the consumption can only be paid in one lump sum.

For example, it is explicitly mentioned in official website that "cash advance transactions, installment transactions, real estate transactions, RMB funds that have applied for foreign exchange purchase and other transactions designated by banks cannot apply for bill installment". If you can't repay in time on the repayment date, your personal credit information will be tarnished, and it will not be worth the loss.

Extended data:

Risk of down payment by credit card

1, the refund process is complicated and the risk is difficult to control.

It is good that everything goes well in the process of buying a house, but not all problems can be completely controlled by yourself. Once uncontrollable factors break the contract relationship, it will involve the issue of refund.

Even if the developer agrees to refund, there will usually be a complicated process, and the specific refund time is difficult to control. The time required for the whole refund process is likely to have exceeded the interest-free period of the credit card. At this time, buyers need to repay themselves first. If there is a problem in the capital chain at this time, there will be a situation in which the payment for goods cannot be paid.

2. The potential repayment risk of high leverage.

I used a credit card to solve my temporary financial shortage and successfully paid the down payment on the house. Although the down payment problem has been solved temporarily, I still have to face the problem of high repayment, not only down payment, but also bank commercial loans.

If the buyers have insufficient funds, there may be overdue in the middle. High leverage makes buyers bear greater repayment pressure. If they or their families need money in case of emergency during the period, it will be even worse.

Sohu. Com- how to pay the down payment by credit card when buying a house? Several minefields to know before swiping your card

Can I use a credit card for the down payment on buying a house?

First, yes. Most people who buy a house by credit card can't pay by installment. After paying the down payment with a credit card, you should pay off the credit card consumption in time according to the regulations. Generally speaking, the down payment for buying a house is relatively large, and it may take more than one credit card to meet the payment. If the credit card limit is insufficient, the seller agrees to pay the difference in cash.

Second, if the credit card itself is not enough, you can apply for a temporary limit and then pay the down payment by credit card, which requires the cardholder to pay off the temporary limit in one lump sum before the current repayment date.

Third, credit cards are used to pay the down payment for buying a house. Although this money is also a disguised "loan" and debt for property buyers, it may be more difficult to repay this money with the provident fund, because it is not easy to prove to the provident fund management center that the actual purpose is to buy a house.

Extended data

Pay attention to timely and full repayment after credit card swiping. Cardholders should pay back their credit cards according to their repayment ability. Don't spend too much in advance, lest you can't repay in time, which will lead to overdue credit cards, interest, late fees and even affect your personal credit record.

There are no points for paying the down payment by credit card. Credit card points cannot be accumulated for such consumer transactions. Real estate credit card POS machines generally take the UnionPay channel, so only UnionPay cards can be used.

Refer to Baidu Encyclopedia Credit Card

Can I pay the down payment by credit card when buying a house?

Yes, as long as your credit card is sufficient, you can pay the down payment by swiping it. When buying a house, generally speaking, the down payment is 30%. Your loan period and loan amount are calculated according to your salary certificate and age.

Precautions for buying a house:

Article 1. Don't use the provident fund before applying for a loan. Because if the borrower uses the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in the provident fund account will be zero, and the amount of the provident fund loan will be zero, which means that you will not apply for a provident fund loan.

Second, we should pay attention not to repay the loan in advance in the first year. Because according to the relevant provisions of provident fund loans, part of the prepayment should be made after one year of repayment, and the amount you return should exceed the repayment amount of six months.

Third, don't forget to inform the rental obligation after the loan. When renting a mortgaged house during the loan period, the lessee must be informed of the mortgage facts in writing.

Fourth, if it is difficult to repay the loan, don't forget to find the bank around you. Don't insist on it yourself when your solvency drops during the loan period and it is difficult to repay. For example, ICBC customers can apply to ICBC for extending the loan period. According to our investigation, if the situation is true and there is no default in repaying the loan principal and interest, ICBC will accept your application for extension.

Fifth, don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the loan principal and interest, you can cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the collateral to the real estate transaction core of the district and county where the real estate is located.

Sixth, don't lose loan contracts and IOUs. To apply for a mortgage loan, the loan contract signed between the bank and you and the iou are all important legal documents. As the loan term can be as long as 30 years, as a borrower, you should take good care of your contracts and IOUs.

This is the end of the introduction of paying the down payment on the house by credit card and paying the down payment on the house by credit card. Did you find the information you needed?