What does it mean when there is a loan behind a credit card swipe? How to repay credit card loan?
In addition to making purchases in online malls and offline physical stores, credit cards can also be used to withdraw cash. The maximum cash withdrawal amount can reach 50% of the credit limit. What confuses many cardholders is, what does it mean to have a loan behind a credit card swipe? How to repay credit card loan? Let’s find out together!
What does it mean when there is a loan behind a credit card swipe?
The loan behind the credit card swipe refers to the credit card loan service launched by the bank. Essentially, this is a credit card cash advance service. The loan limit is related to the credit limit of the credit card, but it is not the same. Assuming that the cardholder's credit card limit is 20,000 yuan, the credit card loan limit that the cardholder can apply for will generally exceed 20,000 yuan.
For credit card loan business, only users with credit cards can apply. For example, with Angel Loan under the Bank of Communications, as long as the user successfully applies for a Bank of Communications credit card, they can go to a bank branch to apply for activation of the credit card and activate the Angel Loan simultaneously. Of course, credit card loans will also be subject to a credit check, so everyone must borrow reasonably to avoid overdue loans.
How to repay a credit card loan?
If you have applied for a credit card loan and want to repay it, the cardholder only needs to log in to the mobile banking APP, then find the "Credit Card Loan" repayment page and select repayment. Cardholders can also pay directly as a credit card, and the process is similar.
It should also be noted that the credit card loan limit and credit limit are calculated together. Assume that the cardholder's credit card limit is 20,000 yuan and the credit card loan limit is 50,000 yuan, then the credit report will show that it is 70,000 yuan. It will still be helpful for cardholders to apply for other credit services in the future.
The above is the sharing of relevant content about "there is a loan behind a credit card swipe". I hope it can help everyone!
What is the meaning of borrowing in ICBC's flow chart
Debit and credit is a debit and credit accounting method. Debit and credit are used to represent income and expenditure. Credit means that the user's deposit has increased, and debit means that the user's deposit has decreased. .
The debit and credit accounting method is a double-entry accounting method that uses accounting equations as the accounting principle and debits and credits as accounting symbols to reflect the changes in economic business. When using the debit and credit accounting method for accounting, for each economic business, it is necessary to record the debit of one (or several) accounts and the credit of another (or several) accounts, that is, "there must be something borrowed." "credit"; the amount recorded on the debit side of the account must be equal to the amount on the credit side of the account, that is, "debits and credits must be equal."
Private account flow refers to the bank card (debit card) or bank current passbook in the customer's own name, and the detailed list of deposits and withdrawals with the bank within a period of time.
Corporate account flow refers to the list of deposits and withdrawals that occurred with the bank in the corporate bank account of the bank customer "Corporate Customer" (who opened a basic corporate account) over a period of time.
The main ways in which inputs in bank statements are expressed: Inputs are represented by credits, and outgoing items are represented by debits. They mainly include card deposits, existing deposits, transfers, wages, renewals, online banking transfers, payment for goods, labor fees, etc.
Credit card statement: The transaction record of the credit card account is the transaction statement given by the bank to the customer. It can only be treated as a transaction record, not a bank flow record.