2. Credit card payment and personal small consumption loan are the two most common ways for consumers to spend in advance. To put it bluntly, the less money consumers pay, the more they should choose to pay. Credit card can be said to be a "variant product" of microfinance, and it is a non-cash transaction payment method promised by banks to consumers.
3. In terms of interest, credit cards are more popular than personal consumption loans because of their long interest-free period; In terms of quota, except for large credit cards, personal consumption loans are better than credit cards because of their high quota. Credit cards and personal consumption loans have their own advantages. If consumers need a relatively small amount, they can choose to spend by credit card and repay before the end of the interest-free period without paying any interest.
4. In terms of repayment period, credit card installment allows consumers to freely choose installment within the scope provided by the bank. The longer the installment period, the more the total repayment will be. Generally, it can be divided into 6 periods, 12 periods, 24 periods, etc. The loan term of small consumer loans may be less selective and the interest paid may be higher. The term of small consumer loans is generally not more than 3 years. Regarding Ms. Yang's situation, Bian Xiao suggested that if Ms. Yang has several credit cards, she can use different credit cards to swipe her cards together. It is best to make rational use of the billing date and interest-free period of the credit card, so that Ms. Yang Can can not only save interest, but also reduce the monthly repayment pressure.