How to borrow money by credit card?

Users with credit cards can borrow money in the following two ways:

1. Processing credit card cash installment. Now many banks have opened credit card cash installment business. If you want to apply for credit card cash installment, you need the cardholder to apply to the bank actively. After the approval of the bank, the cardholder will convert the applied amount into cash and deposit it in the designated debit card.

2. For cash advance, the user can directly take the credit card to the ATM of the bank to withdraw money. At present, there are handling fees and interest on cash advance. The handling fee is 1% to 3% of the withdrawal amount, and the interest is 0.05% per day.

How to borrow money by credit card?

With a credit card, you can use the following three kinds of Fang Min burning loans:

1. Handling credit card cash installment: the cardholder voluntarily applies to the bank. After the bank approves, the amount applied by the cardholder will be converted into virtual cash for the current period and deposited in the designated debit card, and the cardholder can return it according to the designated installment times.

2. cash advance: users can withdraw money directly from the ATM of the bank with their credit cards;

3. Credit card loan: For large consumption such as car purchase and decoration, the bank will give a certain loan amount according to the credit status of the cardholder, and the cardholder will repay the principal in one lump sum and in installments.

How to borrow money by credit card?

Generally speaking, there are three ways to borrow by credit card (debit card): cash advance, cash installment and special installment. Details are as follows:

1, cash advance: users can borrow money through ATM or counter and withdraw money from credit cards (debit cards) without review. In this way, you can only borrow money within the credit card (debit card), and you can borrow 50% of the credit card (debit card).

2. Cash installment: Users can apply on credit card (debit card) official website, mobile banking and APP, and they need to pass the bank review. After the audit, the money will be transferred to the designated bank card, which is also handled within the credit card (debit card) limit, and the maximum application amount is 50% of the credit limit.

3. Special installment: users can apply directly in the official bank account of WeChat. However, only the bank's high-quality credit card (credit card) customers can use it, and the bank will grant the loan quota separately, not accounting for the credit card (credit card) quota.

How to borrow money by credit card

How to borrow money by credit card?

There are three main ways to borrow money by credit card:

1, cash advance: cash advance is also called cash withdrawal. You can take your credit card directly to the ATM, or apply for a loan from a designated savings card through APP or credit card online banking;

2. Cash installment: after the cardholder applies to the bank where he works, the bank will convert the credit card limit into cash according to the amount applied by the cardholder, transfer it to the designated debit card, and the cardholder will return it according to the designated number of installments;

3. Credit card loans: different from bank loans. It does not need to provide all kinds of information and mortgage guarantee. Pure online application. The bank will give a certain loan amount according to the credit status of the cardholder, and then the cardholder can repay the principal in one lump sum and in installments.

What is a credit card?

A credit card is a credit certificate issued by a commercial bank or a credit card company to eligible consumers. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

What are the requirements for applying for a credit card?

At present, most banks have reduced the application conditions for credit cards: as long as you have a reasonable job and provide basic information such as ID card, work certificate, telephone number and home address, you can apply for a credit card. Different banks will evaluate your credit, and the amount of cards issued is generally different. The credit card quotas of the five major banks are relatively low, while the credit card quotas of banks such as Guangfa, China Everbright and China Merchants will be relatively high.

How much is the credit card interest?

Generally, credit cards are repaid in full and on time, with no interest. In addition, there are certain interest and handling fees for overdraft withdrawal. The interest is calculated on a daily basis, which is also five ten thousandths. Interest is calculated from the day of cash withdrawal, and the handling fee is charged at 0.5% (minimum 2 yuan/transaction).

You can control credit card consumption every month, repay on time, and keep credit cards interest-free. The money you spend is ok. If it is not paid in full or does not bear interest, the bank will charge interest. In this case, the credit card interest is calculated from the date when the consumption is recorded, and the interest of five ten thousandths is charged every day and compounded monthly, which means that if the interest of this month is not paid off, these interests will also generate interest next month.

In addition to interest, the use of credit cards will also cause other expenses, such as late payment fees for overdue repayment. Cardholders should pay attention to the cost standard of credit cards when using them.

So much for the introduction of credit card borrowing.