Bank of Communications Credit Payment is a purely online personal consumer credit loan product launched by Bank of Communications that is open to individuals for application. It is similar to a credit card product, but the limit of this product is not the same as that of a credit card. You can consume first and repay later. There is an interest-free period of 36 days. You can also make bill installments upon expiration. Personal identity authentication and facial recognition are required when applying.

How to use Bank of Communications credit payment? How to use Bank of Communications credit payment if there is already a limit?

BoCom Credit Payment is a personal online consumer credit loan product operated by Bank of Communications Co., Ltd.

The loan limit and credit card limit of credit payment are not shared, but they will be shared with the previous Huimin loan limit, and bill installments can be carried out.

The information required when applying for Bank of Communications credit payment is relatively simple, just provide personal identity authentication and facial recognition.

Bank of Communications’ credit payment needs to be bound to the applicant’s Alipay or WeChat for online consumption, which is similar to a virtual credit card type product. The maximum amount that can be applied for Bank of Communications credit payment is 3,000, and the usage period has an interest-free period of 36 days. Bill installments can also be carried out. The bill installment period is the same as that of Huimin Loan. The application requires personal identity authentication and facial recognition. There are Users need to add simple basic information; after the market was opened and launched, many users successfully applied to open the quota. According to the feedback of users who have submitted applications to open Bank of Communications Credit Payment, Bank of Communications Credit Payment is submitted for review. After the application is approved, the entire process is subject to system approval, and there is no callback. Once approved, you only need to bind the quota to WeChat or Alipay for consumption.

Tip 1: Deposit in a different place, no handling fee

If someone in a different place usually transfers money to you, you can ask them to deposit the money directly into a credit card account, because the credit card is in a different place. Handling fee is waived. However, you must go to the counter to make cash deposits. If you transfer money into the stock market and remit money out, the handling fee cannot be waived. Suitable for college students studying abroad and people who regularly pay living expenses.

Tip 2: Swipe your credit card

How to use bank money without paying interest? It means repaying the loan on time. Some people obviously have money to pay back, but they are always careless and pay back a few days late. In this way, not only the interest will be paid from the day of consumption, but also a late payment fee of 10 yuan for each transaction. In addition, if only part of the loan is repaid during the interest-free repayment period but the minimum repayment amount is exceeded, the bank will charge the cardholder interest on the entire overdraft instead of the interest on the repayment of part of the loan.

Trick 3: Use more credit cards to avoid annual fees

From the initial 6 times of swiping the card, the first-year annual fee is waived, to now, 3 swipes can waive the annual fee for two years. Spending by swiping your card is an important way to avoid annual fees on credit cards. There are three main ways to waive the annual fee for credit cards. One is to waive the annual fee for the current year when you open the card. The other is to waive the annual fee through a specified number of card swiping activities during the card holding period. The other is to use consumption points to offset the annual fee. fee.