What is a credit card loan?

Credit card loan is actually an online loan platform for advance consumption. Credit card loan is a way to promote online loans to the masses through an advertising platform. , so many people often receive such text messages in daily life. These text messages are spam messages. If you receive such text messages, you must not believe them. If there are links, you must not click them. You must be more vigilant and prevent personal information. quilt.

Extended information

1. What does credit card loan mean?

Credit card loans, namely cash installments, are credit card personal cash consumer financial products launched by banks. Within the available limit of the credit card, the user can apply to the card-issuing bank for a credit card cash withdrawal amount, and then pay in installments. After the system automatically approves the payment, the funds will be transferred to the bank's debit card in the customer's name, and the bank will charge the installment fee according to the agreed period and rate.

2. What does credit card post-loan management mean?

Post-loan management is a process in which banks review the credit status of their own bank and other banks in order to prevent risks. If the bank discovers through post-loan management that a user has used a credit card illegally, the bank may reduce the user's limit or block the card in order to control risks. Therefore, when users purchase and use credit cards, they must use them correctly and standardly.

3. Precautions for using credit cards

1. Credit card, also called credit card, is a non-cash transaction payment method and a simple credit service. Many friends do not know that novices Let’s take a look at what you need to pay attention to when using a credit card.

2. If you repay in full and on time, you will be free of interest. If you repay the minimum payment on time, a daily interest rate of 0.05% will be charged, starting from the date of consumption recording.

For late repayment, in addition to the above-mentioned interest, there are also late fees. Know the two important dates of your credit card.

3. If you don’t know the monthly statement date (also called the reconciliation date) and the final repayment date, you can call customer service. The credit card center number is on the back of the card.

4. Ask the bank to send statements on time every month. If it is inconvenient to receive paper letters, ask the bank to send an email instead to understand the minimum handling fee for each credit card withdrawal.

What kind of online loan platform is credit card loan?

1. Credit card loan is actually an online loan platform for advance consumption.

2. Credit card loan refers to The bank will grant a certain limit based on the credit status of the credit card holder, and 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.

3. Credit card loans are consumer loans. It is a credit card personal cash consumer financial product launched by the bank. Within the available limit of the credit card, the user can apply to the card-issuing bank for a credit card cash withdrawal amount, and then pay in installments. After the system automatically approves the payment, the funds will be transferred to the bank's debit card in the customer's name, and the bank will charge the installment fee according to the agreed period and rate.

Credit card loan conditions:

1. Hold a credit card from the bank applying for the loan;

2. Good card usage record;

3. There are restrictions on the types of credit cards, such as China Merchants Bank’s commercial cards, business cards, purchasing cards, ANA guaranteed cards or supplementary cards, which do not support cash installment business;

4. Cash installment payments cannot be used for Investments (including but not limited to house purchases, stocks, futures and other equity investments) can only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, student aid, travel, medical treatment, etc.).

Credit card loan process:

1. Call the bank to apply. Remember the term "cash installment". Some banks have other names, such as Guangfa's "Caizhijin" and Pudong Development's "Wanyongjin". Anyway, if you don’t know, just say you want to apply for cash installment.

2. Provide credit card information. The customer service will ask you 4 questions:

(1) Name, last 3 digits on the back of your credit card.

(2) The purpose of handling cash installment.

(3) Confirm the number of installments for cash repayment.

Ask the customer service how many installments there are and what the handling rates are. Ask them to help you calculate it, and then you can measure how many installments to repay.

(4) Provide a debit card under your name so that the applied cash installment funds can be transferred in.

3. After being reviewed by the bank, wait for the funds to arrive. It will arrive in your account as soon as one day. At this point, the credit card loan application is completed.

What does credit card loan mean?

Credit card loans refer to banks granting a certain amount of money based on the credit card holder’s credit status, and the cardholder 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. The bank increases the installment limit of the credit card based on the credit card holder's credit status to meet the card holder's needs to purchase designated brand cars in installments at designated dealers. Cardholders only need to bear a certain handling fee to repay the car purchase amount in monthly installments, which is a new car loan model that fully reduces the repayment pressure. Handling fee: You do not need to pay bank loan interest when purchasing a car in installments with a credit card, but you will need to bear a one-time handling fee. Handling fee = installment amount Loan term: The maximum term for installment car purchases is generally 24 months. Down payment: When purchasing a car by credit card installment payment, you generally need to pay a down payment of no less than RMB 30 of the car price. Limit: Each bank stipulates the loan amount for credit card installment car purchases. For example, China Construction Bank stipulates that the installment amount for car purchases ranges from 20,000 to 200,000.

What is a credit card loan?

Credit card loans are loans that are dependent on credit cards. Most of them are card installments.

That’s it for the introduction of what is a credit card loan.