With the continuous development of economy, people's consumption level is getting higher and higher, the loan market is getting hotter and hotter, and loan products are springing up like mushrooms after rain. So do you know the difference between credit card loans and consumer loans? (1) consumer loans with different uses: general bank consumer loans will be earmarked for cardholders, such as housing loans can only be used for buying houses, car loans can only be used for buying cars, decoration loans can only be used for decoration, and consumer loans can only be used for specific types of consumption. Credit card loan: Credit cards are more widely used and relatively flexible. After credit card application, all merchants who can swipe their cards can pay by swiping them.

(2) Consumer loans with different costs: Consumer loans do not enjoy an interest-free period, and the lender needs to repay each installment on time from the effective date of the loan, and the loan cost is unavoidable. Credit card loan: Credit cards enjoy a maximum interest-free period of 5 -56 days, and cardholders are free to overdraw during the interest-free period. As long as they repay in full before the due repayment date, they do not have to bear the capital cost.

(3) The convenience of application is different. Consumer loans: It is troublesome to apply for consumer loans, with complicated procedures, strict examination and approval, and usually a long time. In many cases, the applicant needs to provide more supporting documents and even provide mortgages and guarantees. Credit card loan: It is relatively easy to apply for a credit card. Customers can apply for a credit card through offline outlets of banks, official websites of banks, WeChat and mobile apps. In the application process, you only need to provide personal information and application materials such as work certificate and income certificate. Credit card approval time is relatively short, and application is more convenient.

(4) Consumer loans with different repayment methods are repaid regularly; Credit cards can be repaid in full, in installments or according to the minimum repayment amount.