No, the credit card is a special carrier card issued by the bank to individuals and units, which is used to make purchases, spend money and deposit and withdraw cash from the bank.

In layman's terms, credit card is a kind of micro-credit payment tool provided by banks to users, which is to consume first and then repay. However, this kind of consumption can only be used when shopping in shopping malls and other activities, while credit cards can be used to buy cars and houses, but there are no points. It is even more impossible to repay the loan directly.

the so-called use of credit cards to repay the mortgage is actually to withdraw cash from the credit card to repay the mortgage.

once a credit card uses the service of withdrawing cash, it is the beginning of the cardholder's interest "trap": banks charge .5% to 1% handling fees for domestic withdrawal. In addition to the handling fees, the cardholder must pay interest, which is calculated at 5% per day and 18% per year. It is equivalent to borrowing a high-interest loan in addition to the mortgage.

Extended information:

1. Ordinary loan limit and standby loan commitment:

Ordinary loan limit is a form of loan bound by informal agreement. Based on the seasonal and regular characteristics of capital demand, enterprises enter into an informal agreement with banks to stipulate a maximum amount of loans that banks can provide to enterprises within a specified period of time, during which enterprises can obtain bank loans at any time.

when an enterprise applies for a loan amount, it must explain the financial status of the bank before the loan, and the bank will decide whether to grant credit and implement the agreement according to the credit status of the enterprise and its own operating requirements.

standby loan commitment is a loan form agreed in a more formal and legally binding agreement. The enterprise signs a formal loan agreement with the bank, and the bank promises to provide loans to the enterprise within the specified period and limit, and requires the enterprise to pay the commitment fee to the bank.

2. Working capital loan and project loan:

Working capital loan is a loan form based on the characteristics of long product production cycle, large raw material reserves and slow capital return, and the loan term and amount are determined according to the product sales progress.

Project loans are loans for large-scale construction projects with high risks and high costs, which are characterized by large amount, high risks and high interest rates. The rationality and feasibility of the project are the basis for deciding whether to lend or not, and the recourse of loan debts is aimed at the project, not at companies and enterprises. For super-large projects, loans are usually provided by multiple banks in the form of bank syndicates or syndicates to spread risks.

source: Baidu encyclopedia: loans.