Friends who often use credit cards will look for some borrowing methods with lower expected annualized interest rates to repay their credit cards. Tencent micro-loan is one of the loan methods. I'm so hungry. Is it cost-effective for Tencent to repay credit cards with micro-loans?

Tencent micro-loan is still a white list invitation system, and there is no entrance for active application. Only those who are invited on the list are eligible to borrow money.

The total personal loan of Tencent's microfinance is between 5 million yuan and 200 thousand yuan, and the expected annualized interest rate of the loan is 0.05%.

Converted into the expected annualized interest rate, I think the expected annualized interest rate this year is a bit high, which is not very cost-effective.

Compared with the method of bank credit card installment repayment, the expected annualized interest rate of Tencent micro-loan is also somewhat high. Taking the monthly installment rate of credit card 12 as an example, the actual expected annualized interest rate by installment is about 13%, which is more cost-effective than Tencent micro-loan.

Bian Xiao thinks that the most cost-effective way is for ants to borrow the expected annualized interest rate of 0.03 on the loan date; Or Alipay New Good Loan, the daily interest rate is as low as 0.03%, which is converted into the expected annualized interest rate 10.95%. The expected annualized interest rate of these two methods is much lower.