Many young people now like to spend overdraft. As people's needs increase, there are more and more tools that can be used for advance consumption, such as credit cards, Huabei, and Baitiao. These are overdraft tools that many people are using, so what is the difference between credit cards and Huabei Baitiao?

Credit cards, Huabei, and JD Baitiao are all used for overdraft consumption, but there are many differences between these three products. The specific differences are as follows:

1. Application threshold: Credit cards are essentially bank credit products. Only users who are over 18 years old, have a stable job and income, and have good personal credit status can apply for a credit card. .

Huabei is a personal consumption credit loan product in Alipay. As long as you frequently use Alipay for consumption and have no problems with your personal credit, there is generally no problem in opening Huabei.

JD Baitiao is a consumer credit product under JD Finance. Users who have made more than 6 purchases on JD.com and have good personal credit status can usually open JD Baitiao.

Comparing the three products of credit card, Huabei and Baitiao, the application threshold for credit card is slightly higher than that of Huabei and Baitiao.

2. Interest-free period: Credit cards, Huabei, and Jingdong Baitiao can all be consumed first and repaid later, and you can enjoy the interest-free period. Different products have different interest-free periods. The interest-free period for credit cards is generally the longest. The longest interest-free period is 56 days, Huabei’s interest-free period is up to 41 days, and JD Baitiao’s interest-free period is up to 30 days.

3. Credit limit: The credit card limit is determined by the bank based on a comprehensive evaluation based on the personal identity and position provided by the applicant, as well as the applicant's personal credit. Later, as the user uses the credit card, it can be Apply to increase the fixed amount.

Huabei’s consumption limit ranges from 500 yuan to 50,000 yuan, and the specific limit is determined by system evaluation, while Jingdong Baitiao’s credit limit is only 15,000 yuan.

4. Withdraw cash. Credit cards support cash withdrawal, and the cash withdrawal limit is generally 50% of the processing limit. However, Ant Huabei is currently only used for overdraft consumption and cannot withdraw cash. JD Baitiao only opens cash withdrawal qualifications to some high-quality users.