No, credit cards are issued by banks to individuals and organizations, and are used to purchase and consume from specially contracted organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit.

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

The so-called using a credit card to repay the mortgage is actually withdrawing cash from the credit card to repay the mortgage.

Once a credit card uses the cash withdrawal service, it is the beginning of the cardholder's interest "trap": various banks charge a handling fee ranging from 0.5% to 1% for domestic cash withdrawals. In addition to the handling fee, Cardholders must also pay interest, which is calculated based on a daily interest rate of 5% and an annual interest rate of 18%. 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 an informal agreement. Based on the seasonal and regular characteristics of capital needs, enterprises enter into informal agreements with banks to agree on a maximum loan amount that the bank will provide to the enterprise within a specified period. Within this period and loan amount, the enterprise can obtain bank loans at any time.

When applying for a loan line, an enterprise must explain its pre-loan financial situation to the bank, and the bank will decide whether to grant credit and implement the agreement based on the enterprise's credit status and its own operational requirements.

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

2. Working capital loans and project loans:

Working capital loans are based on the characteristics of the company's long product production cycle, large raw material reserves, and slow return of funds. The loan is determined based on the product sales progress. Loan form with term and amount.

Project loans are loans targeted at large-scale construction projects with high risks and high costs. They are characterized by large amounts, high risks, and high interest rates. The rationality and feasibility of the project are used to decide whether to loan or not. The basis is that the recovery of loan debts is directed at projects, not against companies and enterprises. For very large projects, multiple banks are usually combined to provide loans in the form of a bank syndicate or syndicate to spread risks.

Data source: Baidu Encyclopedia: Loans