Nowadays, when many people need money, they all borrow through loan companies. After the general loan, they will repay it. Generally, if they want to repay the loan, they will bind the bank card when they make the loan repayment agreement, so can the credit card repay the loan? Do I have to pay off my credit card when applying for a mortgage? Next, let's take a look. Nowadays, when many people need money, they all borrow through loan companies. After the general loan, they will repay it. Generally, if they want to repay the loan, they will bind the bank card when they make the loan repayment agreement, so can the credit card repay the loan? Do I have to pay off my credit card when applying for a mortgage? Next, let's take a look.

Can I repay the loan with a credit card?

1. If we are directly on the bank's app, we can't repay by credit card. If you want to pay by credit card, you can only withdraw cash. Under normal circumstances, credit cards will have a withdrawal limit of 50%. We can withdraw cash from the credit card at ATM or online banking, and then use the money to repay the loan.

2. Credit card is a special carrier card issued by banks to individuals and units, which is used for shopping, consumption and cash deposit and withdrawal from banks, and has consumer credit. Generally speaking, credit card is a kind of micro-credit payment tool provided by banks to users.

3. Credit card consumption can only be used when shopping in shopping malls and other activities, while credit cards can be used to buy cars and houses, but there are no points. So the so-called repayment by credit card is actually to withdraw money from the credit card to repay the loan.

Do I have to pay off my credit card mortgage?

1. No bank stipulates that the credit card debt must be paid off before the loan, but some banks will calculate the credit card debt as a liability when calculating the approval amount, so the loan amount will be reduced.

2. But if the credit card is repaying, it also means that the repayment ability is not very strong, and the bank will consider the repayment ability.

3. If you have money in your hand, you must change the money in your credit card first, because the interest on credit card repayment is actually higher than 18%. If the preferential interest rate is 4.65,438+058%, which is more than three times higher than the mortgage interest rate, it is a waste of money.

The above is about whether the credit card can repay the loan and whether it is necessary to pay off the credit card when handling the mortgage. In fact, using a credit card is similar to a loan, which is to consume first and then repay. Therefore, if you want to buy a house with a credit card, you must know whether you have the repayment ability. After using the credit card, it is also very serious not to pay back the money.