Can I get a loan with a credit card?

If you can get a loan with a credit card, the maximum loan application limit can be up to 200,000 yuan. However, the basic prerequisite for applying for this card is that your personal credit is good and you must have a certain ability to repay.

Basic credit card loan process:

1. The cardholder calls the bank to apply for a loan;

2. Provides credit card information (name, name, back of credit card last 3 digits);

3. Explain the purpose of the loan, and note that the loan amount cannot be used for loan repayment, investment, etc.;

4. Confirm the repayment agreement and provide Debit card in my name so that the applied cash installment funds can be transferred;

5. After approval by the bank. Once approved, the account will generally arrive within one day.

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. Apply to deduct consumption funds in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount. In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments. Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Most banks in China have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion. .

Shopping mall installment, also known as POS installment, means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment in this shopping mall and indicate that you need to pay in installments. The cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues). Note: Cardholder identity verification is required when making installment purchases in the mall, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.

Mail-order installment means that the cardholder receives an installment mail-order catalog brochure from the card-issuing bank (or the bank's online installment mall) and can choose from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order. There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to do more comparisons before purchasing.

Bill installment is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent. However, it should be noted that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully. The disadvantage of bill installment is that the handling fee is not waived. The longer the number of installments, the higher the handling fee, all of which must be borne by the cardholder.

Can I get a loan with a credit card?

It is possible to get a loan with a credit card. There are two main ways for cardholders to obtain loans through credit cards:

1. Withdraw cash from ATM or counter. The amount of cash withdrawal depends on the available limit of your credit card. Usually after cash withdrawal, the interest on this part is calculated on a daily basis, usually an interest of RMB 50,000, which translates into an annualized interest rate of about 18%. And when withdrawing cash, you may need to pay a one-time additional handling fee to the bank.

2. Credit card APP borrowing function. Now basically every credit card issuing bank has launched its own exclusive credit card app. Such as the colorful life of Bank of China. There are many applications in this type of credit card app. In the application, you can often find situations where you can borrow money and borrow the credit limit from the credit card to the cardholder's savings card.

When using an app to borrow money, interest is calculated on a daily basis, usually around 50,000. In addition, you often need to pay a handling fee of around 1%.

Operating environment: iPhone11ios15.0 Bank of China V7.2.0

:

1. Credit card loans refer to loans granted by banks to cardholders within a certain credit limit. The overdraft function transforms the consumer loan function of a credit card into an unsecured one. It is actually a credit card transfer loan business. After the credit card loan application is approved, the bank will transfer part or all of the credit card limit to the debit card, and the loan will be repaid according to the repayment period agreed with the bank, and the cardholder will pay the corresponding handling fee.

2. At present, the application threshold for credit card loan business is not high. As long as the cardholder’s credit status is good and there are no abnormalities in the account, he can generally apply. Most banks can provide personal credit card loans through two methods: telephone invitation and customer application. Some banks adopt the method of bank invitation. Customers actively invited by banks generally receive higher loan amounts than customers who actively apply. Through this method, you can apply for loans ranging from 5,000 yuan to 200,000 yuan. As for the amount of personal credit card loans you can borrow, it is related to the original credit limit of the credit card holder.

3. Credit card loans are simply cash installments. Cardholders directly handle the process through mobile banking, WeChat, bank apps or through customer service, and tell the customer service how much money they want and how many installments they want to repay. The bank system will show your daily card usage and credit card limit. According to the status displayed on the system , customer service will tell you how much funds you can have, and then make installment repayments.

Can I get a loan with a credit card?

You can apply for a loan if you have a credit card and do not have bad credit such as an overdue credit card.

According to Article 11 of the "Interim Measures for the Administration of Personal Loans", personal loan applications should meet the following conditions:

(1) The borrower is a Chinese citizen with full capacity for civil conduct*** Chinese citizens or overseas natural persons who comply with relevant national regulations;

(2) The purpose of the loan is clear and legal;

(3) The amount, term and currency of the loan application are reasonable;

(4) The borrower has the willingness and ability to repay;

(5) The borrower has good credit status and has no major bad credit record;

(6) Other conditions required by the lender.

Extended information:

Article 23 of the "Interim Measures for the Administration of Personal Loans" The lender shall sign a written loan contract with the borrower, and if a guarantee is required, a guarantee contract shall be signed at the same time. Lenders should require borrowers to sign loan contracts and other relevant documents in person, except for loans processed through electronic banking channels.

Article 24 The loan contract shall comply with the provisions of the "Contract Law of the People's Republic of China" and clearly stipulate the good faith commitments of the parties and the purpose of the loan funds, payment objects (scope), Payment amount, payment terms, payment method, etc. The loan contract should set up relevant clauses to clarify the liability for breach of contract that the borrower shall bear if it fails to perform the contract or fails to perform the contract.