Huabei is more cost-effective and has low repayment interest.

Huabei: Huabei can apply for installment between the 1st and 10th of each month. The interest rate is: 2.5 for 3 installments, 4.5 for 6 installments, 6.5 for 9 installments, and 8.8 for 12 installments.

Credit card: Apply 20 days before the billing date and repayment date, and you can apply for up to 24 installments. The credit card installment interest rates of each bank are different, but they are all lower than Huabei. For example, taking Industrial and Commercial Bank of China as an example, the bills are divided into 3, 6, 9, and 12 installments, and the interest rates are 1.47, 2.28, 4.05, and 5.16 respectively.

Huabei can be paid in 3, 6, 9 and 12 installments. On this basis, credit cards have more options and can be paid in 36 installments. In terms of installment interest, Huabei is generally higher than a credit card, so Huabei installment is not very cost-effective. However, Huabei’s interest rates are lower than those of some credit cards.

Credit cards have relatively high requirements on personal consumption. Overdue credit will affect personal credit, which will have a greater impact on daily life, buying cars, houses, loans, etc., while Huabei’s credit record is not so strict. Personal credit will not be checked, but Alipay will impose certain penalties on users.