Mortgage cannot be bound to a credit card. The card used to repay the mortgage is a debit card. Its function is to make deposits and withdrawals at networked ATM machines and bank counters, and to make purchases at networked POS. It is mainly used for loan repayment.
Credit cards are services handled by banks for users to use for consumption. Their functions include shopping, cash withdrawals, savings, installment payments, micro-financing, credit certificates, etc. Credit card transfers are equivalent to cash withdrawals. Interest is paid, so the mortgage cannot be bound to a credit card.
Can I use someone else’s bank card to repay my mortgage?
The mortgage contract is signed by the borrower and the bank, so naturally the repayment can only be made by the borrower himself. Therefore, the borrower only You can bind a bank card in your own name to repay your mortgage, but you cannot use someone else’s bank card to repay your mortgage. When binding a repayment bank card, if the bank card provided is someone else's, it will not be bound.
However, if there is a problem with the bank card bound by the borrower, or it is accidentally lost, or if it is no longer intended to be used, the borrower can apply to the bank to replace the repayment bank card. Use another bank card in your name to re-bind the payment. If you can't repay your mortgage and need help from someone else to repay it, just ask the other person to transfer the money from their bank card to your repayment bank card account before the repayment date.
The borrower can use the bank card bound for repayment normally. As long as there is money in the card, the borrower can swipe the card for consumption. However, you should pay attention to the changes in the funds in the card to avoid bank deduction failure on the repayment date due to insufficient balance in the card.
Can the bank card used to repay the mortgage be replaced by the bank card of the other spouse?
If the mortgage loan is applied for by both husband and wife at the same time, then the bank card used to repay the mortgage can be used Replace it with the card of the other party. After all, the other party is also the same borrower. The customer only needs to bring his ID card and card to the bank to handle it.
If the mortgage loan is only applied for by an individual, the bank card used to repay the mortgage cannot be replaced by the spouse's card, and can only be bound to a bank card in one's name for repayment.
Everyone also needs to note that the new card must be a card owned by the bank responsible for the mortgage loan, and cannot be bound to a card from another bank to repay the mortgage.