In addition to online shopping malls and offline stores, you can also withdraw cash by credit card, and the maximum withdrawal amount can reach 50% of the credit line. What puzzles many cardholders is what it means to have a loan behind a credit card. How to pay back the credit card loan? Let's get to know it together!
What does it mean to have a loan on the back of a credit card?
The loan behind the credit card refers to the credit card loan service launched by the bank. In essence, this is a credit card cash advance service, and the loanable amount is related to the credit limit of the credit card, not together. Assuming that the credit card limit of the cardholder is 20,000 yuan, the credit card loan limit that the cardholder can apply for will generally exceed 20,000 yuan.
Credit card loan business, only users with credit cards can apply. For example, the angel loan under the Bank of Communications, as long as the user successfully applied for the credit card of the Bank of Communications, can go to the bank outlets to apply for activating the credit card and simultaneously open the angel loan. Of course, credit card loans are also collected at the meeting. Everyone must borrow reasonably to avoid overdue.
How to pay back the credit card loan?
If you apply for a credit card loan and want to repay, the cardholder only needs to log in to the mobile banking app, then find the "Credit Card Loan" repayment page and select repayment. Cardholders can also repay directly like credit cards, and the process is similar.
In addition, it should be noted that the credit card loan amount is calculated together with the credit line. Assuming that the cardholder's credit card amount is 20,000 yuan and the credit card loan amount is 50,000 yuan, it is 70,000 yuan in the credit report. It is helpful for cardholders to apply for other credit business in the future.
The above is the related content sharing of "there is a loan behind the credit card", I hope it will help everyone!
What is the dream money of CITIC Bank?
CITIC Bank's credit card dream gold product is prepared by CITIC for your large credit card consumption within the total credit line of your credit card. When training, home improvement, car purchase, wedding and tourism consumption, you can give priority to the use of temporary credit lines and enjoy automatic installment products. When spending, give priority to the temporary amount of dream-saving money, and then use the permanent amount of credit card daily consumption. After the installment is automatically completed, the temporary quota of the dream-realizing gold installment will not be used for real estate, finance, public hospitals, government services, pre-authorization, gambling and other transactions.
"Dream of Dreams" products are only available to credit card holders of CITIC Bank. Cardholders can apply for "dream deposit" products through official channels opened by the card center, including but not limited to customer service hotline, card space, official website, official WeChat, SMS marketing, telephone sales, etc. The card issuing center has the right to decide whether to approve the cardholder's application according to the credit status and card usage at the time of application.
The actual installment amount, initial installment amount and installment number of the "Dream-Dream Gold" product applied by the cardholder shall be subject to the final approval result of the card center. The actual installment amount of the "Dream of Dreams" product includes the cardholder's fixed quota and the installment special temporary quota. Among them, the installment special temporary credit line refers to a one-time temporary credit line granted to the cardholder upon the cardholder's application and after being audited by the credit card center, and the credit card center will re-evaluate and update the cardholder's credit and card usage on each billing day.
Extended data:
Three situations in which China CITIC Bank's credit card can't handle single installment of bills.
1. Transaction amount of installment payment, including but not limited to installment payment in shopping malls, installment payment by mail order, single installment payment, installment payment by bill, cash transfer, installment payment by car purchase, etc.
2. Dispute transaction, cash withdrawal transaction amount and various expenses: credit card expenses such as handling fees, interest and liquidated damages;
3. Account transaction amount.
Other consumers can try to apply for installment, subject to the actual application results. You can't handle bills/single installment when you withdraw cash by credit card. If you need to use cash, it is recommended to call the consumer credit hotline 40069-95558 to apply for CITIC cash transfer service.