Is it better to borrow money by credit card or online? 1. Credit card borrowing There are two ways to borrow money with a credit card. One is to withdraw cash or transfer money by credit card. The interest is calculated on a daily basis, with a daily interest rate of 0.5%. A cash withdrawal fee is also charged at 1% to 3% of the cash withdrawal amount, and The full amount must be paid on the repayment date, and cannot be paid in installments or the minimum; one is credit card cash installment, which can be divided into two types: installments within the quota and installments outside the quota. It is interest-free but not free. The handling fee is determined by the number of installments and the annual interest rate. Around 18%. Which method to choose depends on the needs of the cardholder. The advantage of borrowing money with a credit card is that no matter how much you borrow, it will not be reported as a loan. There will only be a record of the credit card in the credit card. In addition, credit cards are products issued by banks, so there is no need to mention the formality, and there is no need to worry about security. As long as you can repay on time, there will be no major problems, but it may affect the use of the credit card. 2. Borrowing money online generally refers to borrowing money online without mortgage guarantee. Download the APP or follow WeChat ID, register an account with your mobile phone to complete your personal information, complete the certification and obtain the credit limit, and then you can lend money. After passing the review, you can lend money. The process is very simple, and you can borrow money quickly as long as you pass it. However, if the online money lending platform is connected to the central bank's credit report, it will be displayed in the loan record in the credit newspaper in the form of a loan, which will affect the application of bank loans. Especially for things like car loans and house loans that require the down payment of your own funds. If you borrow a small loan before taking out a loan, you will be questioned about the down payment. If the borrower's repayment ability is not optimistic, the loan may be rejected. The above is the relevant introduction to "Is it better to borrow money with a credit card or online?" In short, both borrowing channels have advantages and disadvantages, and everyone should choose the appropriate channel according to their own needs.