How to get a Bank of China personal credit card loan

A Bank of China credit card loan is a credit card cash installment. The specific method is:

1. Apply for mobile banking.

2. Apply for WeChat public account.

3. Online banking application.

4. Customer service hotline application.

Users can call the Bank of China credit card customer service hotline 4006695566 to apply according to the voice prompts.

5. Apply at Bank of China business outlets.

Users can bring their ID card and credit card to the counter of the nearest Bank of China branch to apply.

CreditCard is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department for shopping or consumption, and then The bank makes settlements with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

Development history:

Credit card, also known as credit card, is a non-cash payment method and a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada, and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95% of countries around the world. In the 1980s, with the reform and opening up and the development of market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.

After experiencing the financial crisis and the ups and downs of the domestic economy, China's credit card market rebounded in 2010. By the end of 2010, the total number of domestic credit cards issued had exceeded 200 million. In 2010, the national credit card inter-bank transaction amount reached 5.11 trillion yuan, and the consumption amount was 2.7 trillion yuan. The proportion of credit card consumption in the total retail sales of consumer goods continues to increase.

China’s credit card market is still one of the fastest-growing product lines in China’s personal financial services market. Although the economic benefits of the industry are full of challenges, driven by economies of scale and growth in consumer spending, China’s credit card market will continue to grow in the next 10 years. The average annual growth rate of credit card issuance will remain at around 14%, and profitability will also tend to improve. Qianzhan.com predicts that by 2020, the cumulative number of credit cards issued in China will exceed 800 million.

How to get a credit card loan?

In addition to seeking loans from banks and online loan platforms, the most commonly used one is credit card loans. By submitting some personal information, you can obtain a certain amount of loans, which can be used for daily consumption and is also beneficial to personal credit data, thus Better to get high loan amount from bank.

What is a credit card loan?

Credit card loans refer to banks granting a certain amount of money based on the credit card holder’s credit status, and the cardholder can use the credit card to make purchases. Credit card loan repayment methods are divided into two methods: one-time principal repayment and installment repayment.

How to use credit card loans:

The bank increases the installment limit of the credit card based on the credit card holder's credit status to meet the card holder's installment requirements for purchasing a designated brand of car at a designated dealer. need. Cardholders only need to bear a certain handling fee to repay the car purchase amount in monthly installments, which is a new car loan model that fully reduces the repayment pressure.

Handling fee: You do not need to pay bank loan interest when purchasing a car in installments with a credit card, but you will need to bear a one-time handling fee. Handling fee = installment amount

Loan term: The maximum term for installment car purchases is generally 24 months.

Down payment: When purchasing a car by credit card installment payment, you generally need to pay a down payment of no less than 30% of the car price.

Limit: Each bank stipulates the loan amount for credit card installment car purchases. For example, China Construction Bank stipulates that the installment amount for car purchases ranges from 20,000 to 200,000.

Can I get a loan with a credit card?

It is possible to get a loan with a credit card. There are two main ways for cardholders to obtain loans through credit cards:

1. Withdraw cash from ATM or counter. The amount of cash withdrawal depends on the available limit of your credit card. Usually after cash withdrawal, the interest on this part is calculated on a daily basis, usually an interest of 50,000, which is converted into an annualized interest rate of about 18%. And when withdrawing cash, you may need to pay a one-time additional handling fee to the bank.

2. Credit card APP borrowing function. Now basically every credit card issuing bank has launched its own exclusive credit card app. Such as the colorful life of Bank of China. There are many applications in this type of credit card app. In the application, you can often find the situation of borrowing money, and borrowing the credit limit from the credit card to the cardholder's savings card. When using an app to borrow money, interest is calculated on a daily basis, usually around 50,000. In addition, you often need to pay a handling fee of around 1%.

Operating environment: iPhone11ios15.0 Bank of China V7.2.0

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1. Credit card loans refer to loans granted by banks to cardholders within a certain credit limit. The overdraft function transforms the consumer loan function of a credit card into an unsecured one. 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.

2. 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.

3. Credit card loans are simply cash installments. Cardholders directly handle the process through mobile banking, WeChat, bank apps or through customer service, and tell the customer service how much money 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.

How to get a loan with a credit card?

Credit card loan application:

To apply for a credit card loan, customers can use a credit card to purchase a car in installments, apply for special installments, such as credit card home improvement installments, etc. Generally, it is not a problem to borrow up to 200,000 yuan. of. For example, for China Construction Bank's Longka car purchase installment and home improvement installment services, the application amount ranges from 20,000 to 200,000.

But everyone needs to pay attention to the fact that special installment businesses such as credit card car purchase installments and home improvement installments generally require merchants to cooperate with banks. For example, there are car dealers who know the CCB Longka car installment plan. Customers can only apply for the specified car model.

Because it is an installment business, there is generally no interest and only an installment fee is charged. Customers only need to follow the amount listed on the bill and repay the principal and corresponding handling fees for the current period on time before the repayment date (inclusive). As long as you can pay it back in full and on time, you can enjoy interest-free treatment. Otherwise, once it is overdue, overdue penalty interest will be incurred.

Of course, customers can also choose to go directly to the bank to apply for a loan. As long as the customer meets the requirements in terms of age and other aspects; has good personal credit; has a stable income and the ability to repay on time; and provides qualified mortgage or guarantee, the loan can usually be successfully applied for.

If necessary, we recommend you to use Youqianhua, which is a credit service brand under Duxiaoman Financial (original name: Baidu Youqianhua, changed its name to "Youqianhua" in June 2018) , big brands are reliable, have low interest rates and are trustworthy. Money to spend - Manyidai, the loan limit is up to 200,000 (click the official free test limit), the daily interest rate is as low as 0.02%, with easy application, low interest rate and fast loan, flexible borrowing and repayment, transparent interest fees, and safety Strong characteristics.

Warm reminder: The above information is for reference only and does not constitute any lending advice.

During the online loan process, you must pay attention to preventing risks. In order to ensure the safety of funds and prevent fraudulent loans, it is recommended that you choose a regular bank or regular loan platform through your own judgment after a comprehensive understanding, and borrow reasonably based on your actual situation.

How to get a personal credit loan

If you need to apply for a small cash loan, China Merchants Bank has launched a flash loan business. You can currently apply through mobile banking or check whether you are eligible to apply.

1. After the flash loan is issued, cash will be released to the designated account. The funds can only be used for normal bulk consumption and transfers, and are not allowed to be invested or flowed into the stock market, real estate, etc.

2. If you hold a China Merchants Bank savings card, you can log in to mobile banking and click "My → All → Borrow → Flash Loan" to apply for a flash loan. Your specific quota will be determined based on your business situation in China Merchants Bank, which can be viewed after successful application.

3. Different types of flash loans have different limit regulations. Generally, the maximum credit limit does not exceed 300,000, which is ultimately displayed on the loan page. If you have obtained the qualification for a flash loan, you can log in to the "Flash Loan" module of China Merchants Bank's mobile banking APP or online banking to check your maximum application amount. The minimum amount of a single withdrawal is 1,000 yuan, and the maximum amount does not exceed the quota amount and must be 1,000 an integer multiple of.

4. There are two types of applications for borrowing money within the flash loan limit:

(1) Loan within 15 minutes, automatically approved within 5-10 minutes, and the loan will be released immediately after approval, and you will be informed by text message Result

(2) Loan on T1. Within T1, there will be a phone call to verify the loan. After confirming the information, the loan will be arranged. If you contact the applicant 3 times but do not receive an answer, your application will be unsuccessful and you will need to apply again.

Warm reminder: ①If the loan is not automatically released within 5-10 minutes, normally you have to wait for phone review. The approval progress cannot be directly queried, and the specific approval results shall prevail.

② When a flash loan is used to build a credit limit, there will be a query record on the credit report. If you have only successfully established a balance but have not withdrawn money: there will be no record of the limit in the credit report; for each subsequent withdrawal, there will be a record of the loan in the credit report.