Credit card or loan for long-term turnover? Analyze from three aspects

;? Many people often face two choices when they are short of money, one is to use credit cards to make money, and the other is to get loans to obtain funds. So, should I get a credit card or a loan for long-term turnover? In fact, there is no need to worry too much. As long as you grasp three points, it is a better choice. Let’s take a look.

Credit card or loan for long-term turnover? 1. From the perspective of credit limit: Although credit cards and loans are assessed and granted by the system, it is easier to increase the limit of a credit card. It is relatively easy to use the card regularly and use it for a year or two to develop a credit card with a limit of tens of thousands. . Although loans are said to have a maximum limit of several hundred thousand, unless they apply for a mortgage loan or guaranteed loan, few people can obtain a limit of tens of thousands. 2. From the perspective of the period of use: As long as the credit card is not blocked or frozen, it can generally be used for a long time. After all, even if it has a validity period, the card will be automatically renewed when it expires, and the period of use will continue to be extended; most loans can only be used for a maximum of You can borrow for 2 years, and there are also loans for 5 years, but they are relatively rare. In comparison, credit cards still have advantages. 3. From the perspective of use: credit cards can not only be used for interest-free overdraft consumption, but also can be used to withdraw cash for emergencies, or to apply for cash installments to obtain funds. As long as it is used for daily life, there are generally no restrictions on use; loans can only be When borrowing money, some people can bind the limit to a credit card or Alipay consumption, but they do not enjoy the interest-free period and the interest is calculated on a daily basis just like borrowing money. Of course, if you still don’t know what to choose after seeing this, don’t worry too much. You must know that credit cards and loans are not in conflict. It is best to have both, so you can apply for both. Then use the credit card for daily expenses, and just get a loan when you need money. The above is the relevant introduction to "should I apply for a credit card or a loan for long-term turnover", I hope it will be helpful to everyone. Is it better to apply for a credit card or a loan?

Nowadays, many friends are under great consumption pressure, so they will choose to apply for a credit card or go to a bank for a loan. However, some friends will ask, is it better to apply for a credit card or a loan?

1. For payment methods for advance consumption, if the amount is relatively small, try to choose credit card payment. If it is a large amount of consumption, if there is no large credit card, choose a personal consumption loan. No matter which method of payment is used, what consumers have to do is to make repayments on time based on their actual situation and not to cause black spots on their credit records.

2. Credit card payment and personal small consumption loan are the two most common ways for consumers to spend in advance. To put it more directly, which payment method allows consumers to pay the most money? The less, which payment method consumers should choose. Credit cards can be said to be a "variant product" of small loans, a non-cash payment method that banks promise to consumers.

3. In terms of interest, credit cards are more popular than personal consumption loans because they have a longer interest-free period; in terms of amount, in addition to credit cards with large amounts, personal consumption loans are more Higher limit than credit card. Credit cards and personal consumption loans each have their own advantages. If consumers need a relatively small amount of funds, they can choose to use credit cards for consumption and repay before the end of the interest-free period without paying any interest.

4. In terms of repayment period, credit card installment payment allows consumers to freely choose installments within the options provided by the bank. The longer the installment period, the greater the total repayment amount. Generally, You can choose to divide it into 6 installments, 12 installments, 24 installments, etc.; while the loan period of small consumer loans may be less selective, and the interest paid may also be higher. The maximum period of small consumer loans is generally no more than 3 years.

To sum up, we know that the two are incomparable. Each has its own use. It depends on your own situation. You cannot generalize and say that it is better to apply for a credit card or to apply for a loan. You can use it for daily consumption, you can apply for a credit card, you can use it to decorate your house, you can apply for a loan.

If you are short of money, is it more cost-effective to get a large credit card or take out a loan?

Everyone will inevitably encounter moments when they are very short of money in their life. This situation cannot be avoided. A few decades ago, many people were short of money and had no choice but to borrow money from others. Sometimes, it’s not just a favor you owe others. The money has not been borrowed yet. This situation is very uncomfortable. But now it's different. In this day and age. Loan and credit card industry. have become very developed. Nowadays, when many people are very short of money, they no longer need to lose face and go to others to borrow money one by one.

Now you can directly choose to apply for a large credit card or a credit loan. And you can repay it in multiple installments. Not only can it solve people's temporary needs, but for us, the pressure will also be less. For those who just want to solve their temporary needs, it is more cost-effective to apply for a large credit card. If you originally want to do business, , and if you need a large sum of money to do business, you can apply for a loan, but the conditions for the loan must be very many, because for those who want a loan, they must use a house or something of greater value. Make a mortgage so that you can get a larger loan.

If you cannot pay off all your debts at once, then you should apply for a loan, because the loan can be extended for a longer period. The loan can be deferred for up to five years to repay, but you must know that the repayment process is very painful, and you must have a very high ability to withstand stress, so you must bear it all.

If your current repayment pressure is relatively small and your current shortage of money is not very large. And you have a stable job, stable income, and can repay all debts in a timely manner. Then it would be better for you to choose a credit card. Because credit card interest rates are generally relatively small. The credit card limit is also reduced faster than the loan payment. Choosing a credit card allows you to set aside money for repayments without disrupting your life. If you are short of money, is it better to apply for a loan or a credit card? A brief introduction in this article

; Many people who are in urgent need of capital turnover will find ways to raise money. There are two common ways, one is to borrow money with a credit card, and the other is to borrow money from a loan. Although they are both borrowing money, there is a difference between borrowing money with a credit card and borrowing money with a loan. So if you are short of money, is it better to get a loan or a credit card? Here I will give you a brief analysis.

If you are short of money, is it better to apply for a loan or a credit card? 1. Look at the threshold: The thresholds for loans and credit cards are different. As a banking product, the threshold for credit cards is actually relatively high. In particular, it is difficult for many people to apply for credit cards from the four major banks. The requirements for different levels of credit cards at joint-stock commercial banks are also different; Loans can be obtained from banks or non-bank institutions, and various small loans are generally easier to apply for than credit cards. 2. Check the credit report: There are two types of loans: those with credit report and those without credit report. Many loans with good credit report are borrowed one after another. Multiple borrowings on the same platform will have multiple loan records; credit cards They are all listed on the credit report. Except for multi-currency credit cards, most credit cards only have one record on the credit report, but it will be updated from time to time based on the card usage. 3. Look at overdue: Credit cards and loans will be overdue. Relatively speaking, the consequences of credit cards will be more serious, especially if they are overdue for 3 months and are not repaid after two effective collections by the bank. If they are involved in malicious overdrafts on credit cards and are sued, even if they are repaid, If you pay money, you may be held criminally liable; as long as you pay off the overdue loan, you will be fine and you will not have to bear criminal liability. The above is the relevant introduction of "Is it better to apply for a loan or a credit card if you are short of money?" Friends who are short of money can make a choice based on the above introduction. In fact, there is no need to get entangled. If you are really short of money, you can apply for both credit cards and loans, but you must control If you apply frequently and repay on time, there won’t be any major problems.