What is the difference between Jingdong Baitiao and credit card?

Similarly, you consume first and then repay. Many people will ask, is JD Baitiao a credit card? What is the difference between it and a credit card? Which one is easier to use? Today, let’s introduce it to you in detail and see which one is better to use.

One of the differences between Jingdong Baitiao and credit cards: different limits

1. Jingdong Baitiao: The limit of Jingdong Baitiao is relatively low, and the maximum limit is 10,000 yuan;

2. Credit card: Taking China Merchants Bank credit card as an example, the limit of regular card is 3,000-10,000 yuan, the limit of gold card is 10,000-50,000 yuan, and the limit of platinum card is more than 50,000 yuan.

The second difference between Jingdong Baitiao and credit cards: the installment rates are different

1. Jingdong Baitiao: the rates are monthly, 6-month, and 12-month The corresponding rates for installment payment services are, 3, and 6 respectively;

2. Taking China Merchants Bank credit card as an example, the limit of regular card is 3,000-10,000 yuan, the limit of gold card is 10,000-50,000 yuan, and the limit of platinum card is 3,000-10,000 yuan. The limit is more than 50,000 yuan.

The third difference between Jingdong Baitiao and credit cards: the probability of card withdrawal is different

1. Jingdong Baitiao: Maybe you spend a lot on Jingdong, but you may not withdraw the card randomly;

2. Credit card: Generally speaking, as long as you provide complete information, have a good credit report, and have the ability to repay, the card will generally be issued.

The fourth difference between Jingdong Baitiao and credit cards: the penalties for late repayment are different

1. Jingdong Baitiao: If the repayment period is exceeded, the user will pay back at the daily rate;

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2. Credit card: If the payment is overdue, a certain late fee will be charged, and penalty interest will be charged on a daily basis.

The fifth difference between Jingdong Baitiao and credit cards: different scope of use

1. Jingdong Baitiao: only used for Jingdong Mall shopping;

2. Credit card: can be used Major shopping malls, supermarkets, overseas, and online consumption.

Through the above comparison, it seems that Jingdong Baitiao’s charges are lower, but its quota is a flaw and its consumption limit is very large.

You can apply for various credit cards quickly and safely.

Compared with JD Baitiao installment and credit card installment, which one is more cost-effective?

Jingdong Baitiao installment.

The installment plan launched by Jingdong Baitiao is more cost-effective than banks. The first installment fee is 0.5, which is equivalent to an annual interest rate of 6. During the public beta period, the rate is 40% off to 0.3, and the annual interest rate is only 3.6. The installment payment handling fees of the five major banks are between 0.55 and 0.75, and the annual handling fees are between 6.6 and 9.

In terms of penalty interest, most credit cards of banks implement full penalty interest. This means that even if the cardholder repays part of the limit, when the penalty interest is calculated overdue, the penalty interest will still be calculated based on the full amount. Interest charges are usually calculated based on daily interest rate of 0.05%. Jingdong currently charges 30,000 points, and the penalty is not the full amount. Therefore, if you apply for Jingdong Baitiao and spend money on Jingdong, it is more cost-effective to use Jingdong Baitiao than using a bank credit card.

Precautions for using Jingdong Baitiao

Ordinary Baitiao requires a good consumption record on Jingdong. During the activation process, a debit card or credit card needs to be bound to verify the identity. Jingdong will verify the user’s identity based on the user’s account number on Jingdong. Determine whether you need to bind a savings card or a credit card based on your consumption situation. Generally, those with higher membership levels only need to bind a savings card.

IOU quota: It should be noted that the campus IOU quota is determined based on the applicant’s student status. The amount of ordinary Baitiao is related to the user's consumption on JD.com. The more you spend, the higher the level, and the corresponding quota will be higher, and the quota can be increased later.

For the above content, please refer to Baidu Encyclopedia - Jingdong Baitiao and Baidu Encyclopedia - Credit Card Installment Payment

What is the difference between the Baitiao card applied for by Jingdong and the credit card?

1. Concept: \The main content of JD.com’s IOU is that consumers can apply for a personal loan payment of up to 15,000 yuan when shopping on JD.com and repay it in installments within 3 to 24 months. \Credit card refers to a consumption tool issued by a bank and gives the cardholder a certain credit limit. The cardholder can consume within the credit limit and then repay.

\2. The difference between Jingdong Baitiao and credit card: different usage scope. Baitiao Card can only be used in JD.com, while credit cards can be used in all walks of life across the country and even abroad. , interest-free is different. Baitiao Card requires a certain amount of interest to be paid in installments, while credit cards have an interest-free period of up to 50 days. , the amount is different. The maximum limit of Baitiao card is only 15,000, while the limit of credit card is tens of thousands or even hundreds of thousands or higher.

Which interest rate is higher, Jingdong Baitiao or credit card?

Credit card interest rate is higher. From the perspective of installment fees, liquidated damages, and interest-free periods, JD Baitiao is more cost-effective than credit cards. Jingdong Financial’s interest rates are not high. JD Finance has a variety of loan products, among which JD gold bars calculate interest on a daily basis with a daily interest rate of 0.05.

That’s it for the introduction of Baitiao and credit cards.