The loan is a daily interest-bearing product, and the daily interest rate is between 1.5 and six ten thousandths. Credit cards are charged according to the installment rate, and the installment fee standards of different banks are different. Therefore, through case analysis, we know that ICBC's credit cards are divided into 1000 yuan and 12 installments, and the installment rate is 15.6%. Borrow a loan of 1000 yuan, repay it in 12 installments, and calculate the interest at the daily interest rate of 0.03%.
1, credit card interest
100015.6% =156 yuan
2. Borrowing interest
Repay in equal amount every month. The total repayment amount is 1060. 18 yuan, and the interest is 60. 18 yuan. At the same time, the daily loan interest rate is 365= 10.95, so the calculated loan interest is low.
Summary: When the installment interest rate of credit card 12 is higher than the annual interest rate, the installment fee of credit card is higher than the interest rate; When the credit card 12 installment rate is less than the annual loan interest rate, the loan interest rate is higher than the credit card installment fee. In other words, the interest comparison between credit card and debit card should be carried out under the same number of installments, and the party with high interest rate is the party with high interest rate.
Extended data:
First, the current name of "borrowing" credit loan is a loan service launched by Alipay. According to different sesame scores, the loan amount that users can apply for is also different. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan [1].
2065438+20081October 9, 65438+2065438, or due to excessive leverage ratio, in violation of the relevant regulatory provisions of the central bank, actively closed some user accounts and controlled the loan balance.
2021165438+1October 8th news, it was reported that Alipay "borrowing" was renamed as "credit loan". In this regard, Alipay customer service responded that in order to facilitate you to know more about the actual consumer credit service providers, the consumer credit service provided by financial institutions cooperating with Ant Financial has been updated to "credit loan", and the credit loan page shows the name of the financial institution. After this adjustment, the original services such as borrowing, auditing and repayment will not be affected. "Borrowing" is a loan service launched by Alipay. At present, the threshold for application is more than 600 points. According to different scores, the loan amount that users can apply for ranges from1000-300,000 yuan. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan.
borrow
At present, the consumer loans launched by e-commerce giants are mainly aimed at the stages of consumption scenarios of this e-commerce platform. However, with the continuous accumulation of personal credit data, personal credit loans for non-consumption scenarios are also being launched one after another. The following is the actual experience of increasing the quota:
1, deposit the balance treasure or lucky treasure (regularly), deposit 15000 yuan, and it can be released after 10, usually at1-10;
2. Download the online merchant bank app on your mobile phone, and then save it in your computer. Ten thousand deposits can basically lend ten thousand consumer loans to online merchant banks for one month;
Second, the use of credit cards.
POS card reader
Swiping a card on a POS machine is the most common way to use a credit card, and it is also a way to swipe a card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's surname. Then, according to the issuing bank and the currency to be paid, select the corresponding POS machine, draw the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect with the bank, and input the corresponding amount. After receiving the information of remote payment, POS will print a credit card payment receipt (at least two copies), and the cardholder will sign the receipt after checking that the information on the payment receipt is correct. After checking the signature on the receipt and the signature on the back of the credit card (including the complete name matching and the basic handwriting matching), the operator sends the credit card copy and the credit card payment receipt to the cardholder. At this point, the credit card swiping program on the POS machine is completed.
Can I borrow my credit card?
Credit cards cannot be repaid directly, but users can repay indirectly. Is to withdraw the money from the credit card first, and then borrow it. The medium needed in the middle is a savings card. Credit card is a kind of credit card, if you can borrow it. Then, it is equivalent to cashing out. And this kind of behavior is absolutely not allowed by banks. Therefore, at present, it is not possible to use the credit card to directly repay the loan service.
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
According to the different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or they can withdraw cash at any time at the outlets of the issuing bank or at places with ATMs.
Non-bank card.
This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are specially used for shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment card is a credit card issued by airlines, travel companies and other service industries, which is used for ticket purchase, dining, accommodation, entertainment and so on.
According to the different issuing banks, it can be divided into corporate cards and personal cards.
Company card. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, state party and government organs, armed forces, organizations and other legal person organizations.
Personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable income sources. The personal card is applied in the name of an individual and bears all the responsibilities for its use.
According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.
Ordinary card. Ordinary cards are issued to cardholders with average economic strength, credibility and status, and the requirements are not high.
Gold card.
Gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are institutions with high credit, strong repayment ability, credit or certain social status. The starting point of gold card authorization limit is higher, and the additional service items and scope are wider, so the requirements for related service fees and deposits are higher.
Can I borrow a credit card if I owe money? It will be clear after reading it.
Many people first came into contact with online loans from borrowing, and now the loans are also connected to the central bank's credit information, and the credit information will be checked every time they borrow. So many friends are a little worried that the credit card they applied for has not been paid off. I wonder if it will affect the use of loans. Today we will analyze it.
Can I borrow a credit card if I owe money?
Borrowing money to check credit depends on the borrower's credit and the borrower's debt, and the outstanding credit card debt is one of personal liabilities, which will increase the personal debt ratio.
If there are too many outstanding debts, generally more than tens of thousands, the debt ratio is quite high and the borrowing risk is high, so it may not be allowed to borrow. There is not much debt, but there is still a chance to borrow it. And if the loan can't be used, it is not necessarily caused by the debt of the credit card. You can find the reasons from these aspects.
Why can't I borrow it?
1. Insufficient comprehensive score: users will not be comprehensively evaluated irregularly to determine the borrowing qualification. If the loan consumption is overdue, Alipay activity is low, and users have behaviors such as withdrawing cash and swiping points, resulting in insufficient comprehensive score, and the loan is also unavailable.
2. Insufficient loan amount: You can make multiple loans within the available loan amount, with a maximum of 20 loans. However, after borrowing, the loan amount will be restored. If all the loans are used up, even if there are many loans left, it will be in vain. Only one of the medical loans can be repaid first, and then it can be used after the loan amount is restored.
In short, credit card arrears can be borrowed. If it doesn't work, it's not necessarily a problem of credit card arrears. It is suggested to find out the reason according to the above introduction.
The difference between loan and credit card (debit card)
The difference between loan and credit card (debit card) is as follows: loan is an online loan product, and credit card (credit card) is not an online loan; You can only borrow 12 installments at most, while credit cards (debit cards) can be divided into 36 installments at most; There is no interest-free service for loans, and credit cards (debit cards) provide interest-free services; The loan must be repaid in full on the repayment date, and the credit card (debit card) can choose the minimum repayment amount and installment repayment.
Therefore, debit card and credit card (debit card) are essentially two completely different products, and users can easily distinguish them. However, the use records of both will be on credit, and both must repay on time.
Can I borrow my credit card?
Credit cards (debit cards) cannot be used to repay loans. The loan itself does not support the use of credit cards (debit cards) for repayment. Credit card (debit card) is a card for credit loan consumption. If you can use a credit card (debit card) to repay the loan, it is actually equivalent to paying the loan in cash. This situation is definitely not allowed.
In addition, if you use a credit card (debit card) to withdraw cash to a savings card to borrow money, there will be problems. Credit card (debit card) withdrawal is cash installment. Banks have clear borrowing purposes for cash installment and can only be used for consumption. If it is found to be used to repay the loan, it is a breach of contract, which is absolutely not allowed by the bank.
Excuse me, which is more cost-effective than credit card? Bibi is not clear.
Both loans and credit cards can provide services for friends who are in urgent need of money, but they are different in nature and it is easy to compare them to see which one will be more cost-effective. Here we analyze it from four aspects.
Excuse me, which is more cost-effective than credit card?
1, use:
There is only one purpose of borrowing money, that is, borrowing money; Credit cards can go far beyond spending and borrowing money. As far as borrowing money is concerned, there are several ways, such as cash withdrawal by credit card and cash installment by credit card.
2. Quota:
The maximum loan amount is 200,000 yuan, but generally, the maximum amount per person is around 30,000 to 50,000 yuan; For example, the amount of credit card is high or low, depending on the level of credit card and the credit status of the applicant, but it is usually used well. After two or three years, the amount is mostly higher than the loan.
3. Repayment:
There are two kinds of loan repayment: equal principal and interest and average capital, which can be repaid by loan. In addition to monthly repayment, you can also repay in advance; Credit card borrowing is also paid every month, including full repayment, minimum repayment and early repayment.
4. Interest:
This is the most critical reference factor for loans or credit cards. The loan is calculated on a daily basis, and the daily interest rate is up to five ten thousandths, generally around four ten thousandths; Credit card borrowing can only be repaid in cash installments, which are monthly fees with a monthly interest rate of about 0.75%.
For example, borrow 10000 yuan for 30 days, borrow 0.04% interest, and pay 120 yuan interest for 30 days; The credit card is paid in cash installments, with a monthly interest rate of 0.75% and a handling fee of 72 yuan for 30 days. In contrast, it seems that credit card cash installment is more economical and cost-effective.
Summary: In fact, ant borrowing and credit card have their own characteristics. It is not easy to judge which product is cost-effective, mainly depending on everyone's needs. Still an old saying: what suits you is the best.
The introduction of credit card borrowing ends here.