Which one is more cost-effective, credit card or Huabei? Bibi knows!

Nowadays, the post-90s generation has a higher and higher consumption level, and payment channels such as credit cards and Huabei are often used. Someone asked, which one is more cost-effective, credit card or Huabei? Let’s make a simple comparison below, I hope it will be helpful to everyone.

Which one is more cost-effective, credit card or Huabei?

1. In terms of quota: It is understood that the quota of many users of Huabei is not high, mostly around a few thousand yuan, and even less in the tens of thousands. It is mainly suitable for daily small amounts. Consumption.

The credit card limit is relatively high. Generally, the initial limit is around 10,000 yuan. If you use it frequently and repay on time, the limit will increase quickly.

2. In terms of interest-free: Both have interest-free discounts, but Huabei’s interest-free period is shorter. In addition, credit cards can also apply to modify the billing date and enjoy a longer interest-free period.

3. In terms of discounts: Huabei has relatively few discounts. Generally, when the Alipay platform does activities, there may be payment discounts of a few cents or a few yuan less. But credit card offers more benefits, such as points redemption, membership day discounts, etc.

4. Overdue: If the credit card is overdue, penalty interest will be charged at a daily interest rate of 0.5% per day, and compound interest will be calculated monthly. The same goes for Huabei overdue payments, and penalty interest will be charged at a daily interest rate of 0.5% per day.

In addition, in terms of the impact of overdue credit, overdue credit cards will definitely be subject to credit reporting. Although Huabei has not been subject to credit reporting for the time being, it will still have a great impact on Zhima’s credit score. If you want to borrow again in the future Other financial products would be difficult.

The above is the answer to "Which one is more cost-effective, credit card or Huabei?" You can make your own choice according to your needs.

Can I pay back Huabei with a credit card?

Yes. Many people will think that I added my credit card to Alipay. Then when paying for Huabei, just choose a credit card. In fact, this cannot be done. Because Huabei’s repayment only supports Alipay account balances and bank cards. This is similar to, can I use my WeChat balance to repay Huabei? Same reason. Because these are two systems, they cannot repay each other. Although you cannot repay Huabei directly with a credit card, you can repay it in another way. For example, I can use my credit card to withdraw money from an ATM and deposit the money into my bank card. Then use the money in the bank card to pay back the money.

There are many repayment methods for Huabei. For example, if you have money in your Alipay balance, you can pay it back directly. Bind your bank card with money to Alipay. Then use the bound bank card to pay back the money. Although credit cards can also be bound to Alipay, credit cards cannot be used to repay Huabei directly. The funds in the credit card can only be used for consumption payments.

Some people may also ask about credit cards: Can credit cards be used to transfer funds? For example, can I transfer the money from my credit card to other bank cards? This is also not allowed. However, credit cards have a cash advance installment function, which is to transfer the funds from the credit card to the bank card. Then repay the loan in installments and borrow cash in installments, which requires installment handling fees. This needs attention. Many people have misunderstandings about credit cards. For example, why can’t credit cards be paid back directly? Why can I pay Huabei directly with my bank card? First of all, everyone must understand a truth. The main function of a credit card is to consume in advance. Credit cards do not have the function of transferring funds. They are very different from bank cards. When we usually use credit cards, we consume first and repay later. Credit cards have overdraft functions, but bank cards do not have overdraft functions. You must have money in the account before you can use it.

Which one is more practical, Huabei or a credit card? A comparison of the four aspects will make it clear!

Both Huabei and credit cards can be used for overdraft consumption in advance, and you can also enjoy interest-free after consumption. For this reason, it is not a matter of being compared once or twice. Many people want to know who is better. Better than that. Today, I will analyze for you from four aspects, which one is more practical, Huabei or credit card.

1. In terms of quota:

The maximum quota of Huabei is only 30,000 yuan, and many users generally only have a quota of more than 10,000 yuan. In contrast, credit card limits are relatively higher, especially credit cards from commercial banks, such as China Merchants Bank, Bank of Communications, etc. Customers with average qualifications can have a limit of 10,000 yuan without any problem.

In addition, it is also difficult to increase the credit limit of Huabei. I have used Huabei for several years, and the maximum is only 10,000 yuan. However, credit cards are different. As long as you repay on time and spend more with the card, you can often make more purchases. If you do it in installments, the rate of increase is very fast. Generally, it can take up to 6 months to increase the amount.

2. Interest-free:

Although Huabei and credit card purchases can enjoy interest-free, the interest-free period is different. It is obvious that Huabei’s interest-free period is shorter. , the bill is issued on the 1st of each month, and the payment must be made on the 9th or 10th. If you want to enjoy the longest interest-free period, you have to spend 30 days after the 10th.

In contrast, the interest-free period of a credit card is much longer. Although the shortest interest-free period is only more than 20 days, if you consume it on the day after the statement date, you can have the longest interest-free period. The interest-free period lasts for more than 50 days, not to mention that credit cards can also extend the interest-free period by modifying the statement date.

3. Credit bureau:

Many friends think that the reason why Huabei is more practical than credit cards is that Huabei does not need to be listed on the credit bureau, so they definitely do not use credit cards. What I want to say is that using Huabei may also lead to a credit report, especially after the Huabei service is upgraded and Ant Small Loan cooperates with other banks or financial institutions to lend. In this case, the credit report will also be 100% .

In addition, the impact of Huabei's credit report is greater than that of a credit card. Especially when applying for bank credit business, the bank will think that you must be short of money if you want to borrow even this small amount of money. But credit cards are different. If you repay on time, the bank will see that your credit report is good and it will be easier to approve.

4. Discounts:

Although Huabei can be consumed online and offline, there are no discounts. But credit cards are different. You can make money by participating in bank preferential activities. Merchants with points can also earn points. When the points reach a certain level, you can go to the credit card mall to exchange for physical goods, etc., and you can also recharge phone bills. Which is practical? You will know after a comparison.

In short, which one is more practical, Huabei or credit card? Through the comparison of the above four aspects, it is not difficult to find that credit card is indeed slightly better than Huabei.

How to forcefully activate Huabei using a credit card? Alipay tips are here!

With the advent of the Internet era, everyone has gradually developed a sense of advanced consumption. Everyone has 1 to 5 different credit cards. In addition to spending points, they can also enjoy many benefits and discounts. Does anyone know? Credit cards can also be used to forcefully open Ant Huabei. Today we will teach you a few tricks to quickly open Huabei in a short time. Give it a try!

1. Binding credit cards to Alipay

Nowadays, all major platforms support binding credit cards, which can be used for repayment, payment, and consumption. If you want to forcefully open Ant Huabei, you must choose the right one. The credit card is bound to Alipay.

How to bind a credit card to Alipay:

1. Open the Alipay APP and click on credit card repayment, which can be added to the desktop;

2. Click on add repayment Type, supports credit card repayment, house loan repayment, and car loan repayment;

3. Enter, bank card, name, and you can also set a repayment reminder to remind you to repay in time every month;

4. The mobile phone number needs to be verified. It must be the phone number reserved when opening the card. Just enter the dynamic password.

After completing the above operations, the binding will be successful.

2. How to forcefully activate Huabei using a credit card?

1. Use a credit card to pay for every purchase, set the default payment method Alipay-My-Settings in the upper right corner-Payment Settings-Deduction Sequence, put the credit card at the top, or manually select the credit card for each payment;

2. Use Alipay to repay money every month. First deposit the money into Alipay. You can set up automatic credit card repayment, specify a time for repayment, or manually repay. Alipay will issue a free credit card repayment limit of 2,000 yuan every month, which can be used to offset part of the bill amount without paying handling fees. Click on Credit Card Repayment - Rights - to check the current free limit and limit details.

3. Note that you must use credit cards to pay and consume a lot, and repay on time every month. Bind all the credit cards you have on hand, and the monthly repayment amount must be at least 3,000~5,000 yuan, so You can quickly open Huabei in a short time.

Can I use a credit card to pay back Huabei?

Theoretically, after withdrawing cash with a credit card, it is possible to use the money to pay back Huabei, but it is not recommended.

Paying back Huabei with a credit card is a kind of behavior of "supporting loans with loans". To put it simply, "to finance loans with loans" means to tear down the east wall to pay for the west wall. It is a kind of lending behavior with extremely high risks and very serious consequences. It is not recommended to repay Huabei in this way.

Credit card is a credit product mainly based on non-cash transactions, and its main purpose is to consume in advance. If the money in the credit card is withdrawn in an abnormal and legal way and then used to pay off the mortgage, it is not only an act of "loan to support the loan", but also an illegal credit card arbitrage. The consequence of the arbitrage is that the bank freezes the credit card. , reduce the limit, or prohibit the card from applying for a limit increase for a period of time, etc. In addition, cashing out on credit cards will also be included in the bank’s personal bad behavior records in the credit reporting system.

Huabei is equivalent to a non-physical credit card attached to the Alipay payment system. Like a credit card, Huabei is a consumer credit product. After applying for activation, you will receive a consumption limit, which is generally between 800 yuan and 20,000 yuan. Users can first set Huabei as "top priority for payment deductions". When shopping, use Alipay to scan the QR code, pay by prepaying Huabei credit, and enjoy the shopping experience of "spend first, pay later".

The setting method of "Most Priority Deduction" is: 1. Open Alipay and enter the "My" page. 2. Click "Settings" in the upper right corner of the "My" page. 3. Click "Payment Settings" in "Settings". 4. Click "Deduction Sequence" in "Payment Settings" to set it.

The requirements for opening Ant Huabei are: 1. Have the habit of frequently using Alipay for consumption. 2. Alipay has bound your mobile phone number. 3. Sesame credit score is above 600 points. 4. Mainland Chinese residents aged 18 to 60 who have been certified by Alipay. After meeting the above four requirements, it will be determined based on the evaluation results of the Alipay account by the Huabei Credit Center.

This is the end of the introduction about credit card blooming and whether there is interest on credit card blooming. Did you find the information you need?