Credit card is essentially a kind of consumer loan, but it is still different from ordinary loans.

First, the loan amount is different. The credit card limit is relatively small.

Second, the loan term is different. After spending by credit card, the borrower can apply for installment, but the installment period is generally only three years at the longest, but the loan will be longer.

Third, the scope of application is different. When applying for a consumer loan, the borrower must provide a true and reliable proof of use, and no credit card is required.

Fourth, the cost is different. Credit cards have a certain interest-free period, up to 56 days, and loans are not.

5. The application procedures are different. The application procedures for consumer loans are complicated, the bank's approval is strict, and the loan is slow; But credit cards are faster!