Users apply for car loans from banks. After the approval of the bank, the bank will issue a credit card to the user. This credit card is used to pay back the car loan every month. Banks generally don't accept car loans, but they have the business of buying cars by credit cards, that is, buying cars by credit cards, so they use credit cards as repayment bank cards. This is a car installment business handled by credit card, which can also be understood as similar to car loan. It means that the credit card has approved a large amount of special installment payment, and it can be repaid directly to the card without activation. The credit card letter will indicate the billing date of each month, and the repayment date of each month is the 20th day after the billing date. The repayment date of each month is fixed. When the first month's bill is issued, you should receive a text message to remind you to repay it.
In addition, users must pay back their credit cards on time every month. Unless there is an agreed grace period for repayment, there will be a credit report on the overdue day.
First, the credit card installment car purchase process
(1) filing an application. After you are optimistic about the vehicle to be purchased, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them to the loan bank together with the relevant certificates of personal situation.
(2) The bank conducts pre-loan investigation and approval. If the loan conditions are met, the bank will promptly notify the borrower to fill in various forms.
(three) notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.
(4) Loans issued by banks (directly transferred by banks to the account of automobile dealers).
(5) The borrower pays the down payment to the car dealership, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
2. Materials required for car purchase by credit card installment:
1. Apply for a credit card first;
2. Give you a loan to buy a car according to your credit history (that is to say, you have to activate the card when you get it, then use it for a while, swipe your card frequently, and then pay back the money on time. Don't fail to pay back the money. Good credit record);
3. Each bank cooperates with the designated car dealer, which means that you can only choose the car brand provided by the bank, and then choose the loan period according to your own economic situation (only 1 year, 2 years, 3 years);
4. Then go directly to the bank outlet to find the account manager, who will handle it for you, usually within 15 working days.
How to repay the car loan with a credit card
Car owners can use the credit card to repay at the ATM of the mortgage bank, or they can bind the credit card with the bank card and set up automatic repayment. The cardholder can repay the car purchase money in monthly installments only by paying a certain handling fee.
There are several points to pay attention to when repaying a car loan with a credit card: First, the credit card cannot pay the down payment of the car; Second, there is a one-time handling fee for credit card car purchase, which needs to be paid at the first repayment; If the buyer pays the money in advance, the one-time handling fee will not be refunded.
At present, this kind of loan car purchase method is very popular with car buyers, but the credit card repayment of car loans is very important to the credit status of cardholders. If the credit card customer is in poor condition and has a record of overdue or arrears, this loan method cannot be approved. You must hold a bank credit card for a certain period of time and have a certain credit limit.
In this way, the bank does not charge interest on the loan, but it has to pay a certain handling fee, which is generally deducted by the bank at one time. The amount of handling fee is generally determined by the loan term and loan mode. 1 The handling fee charged during the loan period is about 2%-5.5%, and the handling fee charged during the two-year loan period is between 6.5% and 7%. Major banks may be different, and car owners can go to the bank for consultation. (Photo/Text/Photo: Wu Binbin) @20 19
How to repay the car loan with a credit card
Car owners can use the credit card to repay at the ATM of the mortgage bank, or they can bind the credit card with the bank card and set up automatic repayment.
The cardholder can repay the car purchase money in monthly installments only by paying a certain handling fee.
Pay attention to the following points when repaying car loans with credit cards:
First, the credit card can't afford the down payment on the car.
Second, there is a one-time handling fee for credit card car purchase, which needs to be paid off at the first repayment.
If the buyer pays the money in advance, the one-time handling fee will not be refunded.
The repayment method of CCB car loan is as follows:
1. Open the China Construction Bank app and click the place indicated by the arrow in the upper right corner.
2. Next, click Login Now and log in to the app client of CCB.
3. After logging in, click the loan indicated by the arrow.
4. After entering the loan page, click Repay Now as indicated by the arrow to repay the car loan.
How to repay the car loan with a credit card?
Users apply for credit card (debit card) to buy cars in installments. When each installment is repaid, as long as the repayment amount is deposited into the credit card (credit card), the system will automatically initiate the deduction on the repayment date, which is equivalent to the user returning the current car loan. Buying a car with a credit card (debit card) means paying the car loan in installments every month, and only paying a certain handling fee, which is the car loan model promoted by banks.
Therefore, to purchase a car by installment with a credit card (debit card), users who do not have a credit card (debit card) need to apply for a credit card (debit card) to handle this business.
Can I pay my car loan by credit card?
Of course.
Credit cards can repay car loans. But you can't return it directly. Because the mortgage and car loan are automatically deducted, it is the savings card in my name, not the credit card. So you can brush out the funds in the credit card and transfer them to the debit card of the mortgage car loan for repayment.
Credit card is not a savings card, so it cannot be used as a debit card for mortgage and car loan. Moreover, credit cards can only be used for consumption and cannot be transferred. So you can't transfer credit card funds to debit cards for mortgage and car loans. So you can swipe the credit card funds, and then transfer them to the debit card of the mortgage car loan, and automatically deduct them when the repayment date comes.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.
Credit cards generally refer to credit cards.
From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).
The earliest credit card appeared at the end of 19. From 65438 to 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business departments. However, at that time, the card could only be used for short-term commercial credit, and the money had to be paid back as needed. There was no long-term default and no credit line.
Cash advance deposit is not encouraged. You can enjoy an interest-free repayment period and can repay in installments (minimum repayment amount). Join VISA, MasterCard, JCB and other international credit card organizations, which are universal.
It is one of the fastest-growing financial services, and it can replace the traditional cash circulation in a certain range.
So much for the introduction on how to repay the car loan by credit card.