There are three main ways to borrow money by credit card:
1, cash advance: cash advance is also called cash withdrawal. You can take your credit card directly to the ATM, or apply for a loan from a designated savings card through APP and credit card online banking;
2. Cash installment: after the cardholder applies to the bank where he works, the credit card limit will be converted into cash according to the amount applied by the cardholder and transferred to the designated debit card, and the cardholder will return it according to the designated number of installments;
3. Credit card loan: It is different from bank loan. It does not need to provide all kinds of information and mortgage guarantee. Pure online application. The bank will give a certain loan amount according to the credit status of the cardholder, and then the cardholder can repay the principal in one lump sum.
3. Credit card loan: It is different from bank loan. It does not need to provide all kinds of information and mortgage guarantee. Pure online application. The bank will give a certain loan amount according to the credit status of the cardholder, and then the cardholder can repay the principal in one lump sum.
How to repay after credit card borrowing?
The main repayment methods of credit cards are as follows:
1. Bundle the savings card for repayment. You can bind the credit card to the savings card of the credit card issuer, and the bank will automatically deduct the amount from the savings card when repaying.
2. Repayment by online banking transfer: After opening online banking and logging in, you can use your own bank account to transfer money and enter your credit card and password for repayment, and then you can complete repayment by online banking transfer.
3, mobile payment platform repayment, Alipay, WeChat, and other mobile payment platforms all support credit card repayment, and credit card arrears can be paid through these apps.
4. Automatic repayment, using UnionPay independent repayment equipment, such as Lacarra, PayPal, etc. , you can use any bank debit card directly to make easy repayment.
Extended data:
Credit card, also known as debit card, is a credit certificate issued by commercial banks or credit card companies to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back.
Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
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.