Credit cards are a consumption method used by many people nowadays. When each of us applies, the card issuer will comprehensively evaluate our personal conditions and then determine the credit card limit. Since credit cards are more convenient to use, More people are using it now, and now you can also use credit cards to get loans. People with credit cards can go to the relevant departments to rely on our credit cards to get loans. So is it safe to apply for loans with credit cards? Let’s find out together.
1. Is it safe to apply for a loan with a credit card?
It is safe and reliable to apply for a loan with a credit card.
Credit card loan refers to the overdraft function granted by the bank to the cardholder within a certain credit limit, which transforms the consumer loan function of the credit card into an unsecured small loan. It is actually a credit card transfer loan business. After the credit card loan application is approved, the bank will transfer part or all of the credit card limit to the debit card, and the loan will be repaid according to the repayment period agreed with the bank, and the cardholder will pay the corresponding handling fee.
At present, the application threshold for credit card loan business is not high. As long as the cardholder’s credit status is good and there are no abnormalities in the account, he can generally apply. Most banks can provide personal credit card loans through two methods: telephone invitation and customer application. Some banks adopt the method of bank invitation. Customers actively invited by banks generally receive higher loan amounts than customers who actively apply. Through this method, you can apply for loans ranging from 5,000 yuan to 200,000 yuan. As for the amount of personal credit card loans you can borrow, it is related to the original credit limit of the credit card holder.
Credit card loans are simply cash installments. Cardholders can directly handle the process through mobile banking, WeChat, bank app or through customer service, and tell the customer service how much funds they want and how many installments they want to repay. The bank system will show your daily card usage and credit card limit. According to the status displayed on the system , customer service will tell you how much funds you can have, and then make installment repayments.
2. How to apply for a credit card loan
Credit card loans are actually very simple. As long as you have a credit card and use the credit card to make purchases, it is a loan.
Credit card loan methods are:
1. Credit card loan to buy a car. The loan amount is between 20,000 and 200,000. The loan period generally does not exceed 3 years. After application, no Interest is charged and only installment fees are charged.
2. Credit card shopping mall shopping installments. Users can use credit cards to pay when shopping in offline malls, or pay on e-commerce platforms such as JD.com and Taobao. When the amount is large, they can choose to divide it into 3 or 6 installments. , 12 or 24 installments, with monthly interest and principal repayments.
In summary, it is very safe to apply for a credit card loan. The threshold for credit card loans is still very low now, and the cardholder needs to have good credit. Generally, there are two ways to apply: phone invitation from the bank and application by the user themselves, which is very convenient. As for the loan limit, it is linked to the original limit of the credit card. The main methods of applying for credit card loans include credit card loans for car purchases and credit card installment purchases at shopping malls. If you have any other questions, you can ask us.