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, The last 3 digits on the back of the credit card);
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 , provide a debit card++ under your name so that the applied cash installment funds can be transferred in;
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?
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.
Chengduo County Government - Interim Measures for Personal Loan Management
Can I get a loan with a credit card?
Is it possible to get a loan with a credit card? Generally speaking, banks will launch exclusive loan services for credit card customers, such as Bank of Communications Haoxiangdai, CITIC Bank Kuaiyidai, China Merchants Bank reserve funds, etc.
As long as the user holds a bank credit card and is in good condition with no overdue repayment record, he or she can apply for relevant loan services from the bank.
A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
A credit card refers to an electronic payment card issued by a commercial bank or other financial institution that has all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.
Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).
Credit cards are issued by commercial banks to individuals and organizations. They can use them to shop and consume with special organizations and deposit and withdraw cash from banks. They are special carrier cards with consumer credit. They are in the form of a card with the card issuing number printed on the front. Cards with bank name, validity period, number, cardholder name, etc., and a magnetic stripe and signature strip on the back.
A real credit card has the following characteristics: it is not encouraged to deposit cash in advance, consume first and repay later, enjoys an interest-free payment period, can repay in installments independently (with a minimum repayment amount), join VISA, MASTER Wait for international credit card organizations to make it universally applicable.
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 50,000, which is converted 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 the situation of borrowing money, and borrowing 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
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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++++, which 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 (credit card)?
Credit cards (debit cards) can be used for loans. Generally speaking, banks will launch exclusive loan services for credit card (debit card) customers, such as Bank of Communications Haoxiangdai, CITIC Bank Kuaiyidai, China Merchants Bank reserve funds, etc. Users can apply for relevant loan services from the bank as long as they hold a bank credit card (debit card) and it is in good condition and has no overdue repayment record.
It should be noted that if you do not have a credit card (debit card), you can only apply for other loans, but not this type of exclusive loan.
That’s it for the introduction of whether you can get a loan with a credit card.