We occasionally see some friends circle advertisements when we brush WeChat friends circle. Recently, a friend told me that I saw an advertisement in a circle of friends, which indicated that the user would return the credit card with a refund, with a 50% interest. Because I plan to pay back my credit card in installments recently, I am a little tempted to see advertisements with low interest rates. I want to return my credit card, but I'm worried about being irregular and illegal, so I'm also very entangled.

In fact, the repayment platform is a credit card repayment platform launched by Chongqing Focus Microfinance Company. Chongqing Focus Microfinance Company is a licensed financial institution, which means that the company has been recognized by the state and its business is formal and legal. Moreover, there are not many licensed financial institutions in the loan industry at present, so it is also a rare regular army and a formal and legal platform in the loan industry.

If the user wants to repay the credit card, the application method is relatively simple. Users only need to download and repay the app, and then register and log in with their mobile phone number. After logging in, bind his credit card according to the prompt authentication, that is, he can apply for a loan according to the prompt of the app.

After the application is successful, the corresponding amount will be directly loaned to the credit card bound by the user, and the user will repay the loan amount in installments in the future.

In addition, the advertising slogan of 50% interest in the repayment advertisement is not fooling users. Generally, new users use repayment to pay back their credit cards, and the repayment interest is similar to the installment fee of bank credit cards. The installment fee applied by different users is also different, but it will eventually be lower than the installment fee of bank credit cards, which is one of the important reasons why people like to repay their credit cards with repayment.

However, although the repayment is more formal and the comprehensive interest rate of the loan is lower, I suggest you not to use repayment too much for credit card repayment. When we use the credit card to repay in installments, the bank can earn the installment fee, so if the user repays in installments, it means that the bank will have no money to earn. Therefore, if the user repays frequently, the bank is likely to reduce the user quota or impose other penalties on the user.