How to borrow money by credit card There are only three ways to borrow money by credit card
1. Cash installment
In order to cope with the increasingly rampant credit card cashing behavior, many banks have carried out cash installment business. Its purpose is to meet the customers who are short of money and in urgent need of money, and to open a legal cash channel for them. Different from cash withdrawal, cash installment needs to be applied. After the bank has approved it, the credit card limit will be converted into cash according to the amount applied by the cardholder, which will be transferred to the designated debit card, and the cardholder will return it according to the specified number of installments. In addition, it is worthy of our attention that cash installment can generally be divided into 1, 3, 6, 12, 24 and 36 installments. Once confirmed, the number and amount of periods cannot be changed, let alone cancelled.
2. Advance cash
Advance cash is also called cash withdrawal. This method is the simplest. Just take your credit card and withdraw it from the ATM. You can also apply for a loan to the designated savings card through APP and credit card online banking. Although the method is the simplest, there are also some shortcomings in cash advance. For example, the advance loan amount can only be as high as 1% of the credit line. If the amount is small, it will be of little use. In addition, cash advance has handling fee and interest, which is generally 1%-3% of the cash withdrawal amount, and the handling fee is .5% per day.
3. Credit card loan
For large-scale consumption, such as car purchase and decoration, 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 and by installments. For credit card loans, we should pay attention to five aspects, namely, the loan term, handling fee, down payment, limit and the time of next payment. Among them, the credit card loan term will generally not exceed 36 months, and the shortest period will not be less than 1 month. The handling fee is a one-time fee, and the fees charged by each bank are different, which will be spread into each expected repayment amount. The calculation method is: handling fee = installment amount × handling fee rate. In addition, credit card loans are mainly for large consumption, so the necessary condition is that you have to pay the down payment, which is generally 1%-3%. In addition, credit card loans are also limited. According to the applicant's credit rating, the general loanable amount is 2,-2,. After approval, the payment will generally be made within 7 working days.
where can I get a loan with a credit card? There are many advantages of trying these
credit cards. They can not only overdraw consumption, but also help us to get loans quickly. As for where we can get loans, banks must give priority to them. Many bank credit cards can provide exclusive large cash lending services. Here are some to introduce to you.
1. China Merchants Bank E-Loan
China Merchants Bank E-Loan is a short-term cash credit business with daily interest for eligible credit card holders. It can borrow up to 3W, which can be divided into 24 installments at the longest, with equal repayment of principal and interest. After the application is successful, an independent account will be opened, and the bill will be issued together with the credit card bill, but it needs to be repaid to the E-Loan account separately.
2. Guangfa Finance
nbsp Cardholders who have been issuing cards for half a year can apply for Guangfa Finance. The application amount must be an integer multiple of that of 1 yuan, with a minimum of 2, yuan. After the application is successfully approved, the money will be directly transferred to the domestic savings account designated by the cardholder. You can choose to repay in installments of 6, 12, 18 or 24 months, with a handling fee of .75% per installment.
3. Xingye enjoys a loan
The one-time cash consumption limit provided by Industrial Bank to high-quality credit card holders is completely consistent with the existing cash installment business in terms of business model and standard pricing, but it is only handled by inviting customers. After the application is successful, it can be transferred to my Industrial Savings Card or other first-class bank cards, but the inter-bank transfer fee will be charged for each 2 yuan.
4. Agricultural Bank of China's consumer reserve fund
refers to the business that the cardholder applies for installment quota from Agricultural Bank of China, and after the approval of Agricultural Bank of China is successful, the consumer funds will be transferred to the designated credit card, and the cardholder will repay the principal and pay a certain amount of installment fee in installments. At this stage, it is mainly for high-quality credit card customers in the bank.
how to borrow a credit card
how to borrow a credit card?
users can borrow money in the following two ways when they hold a credit card:
1. Handle credit card cash installment. Now many banks have opened credit card cash installment business. If you want to apply for credit card cash installment, you need the cardholder to apply to the bank on his own initiative. After the bank approves, the cardholder will convert the amount applied for into cash and deposit it in the designated debit card.
2. For cash advance, users can directly take their credit cards to the ATM of the bank to withdraw money. At present, cash advance has a handling fee and interest, which is 1% to 3% of the cash withdrawal amount and the interest is .5% per day.
how to borrow money from a credit card?
If you have a credit card, you can borrow money through the following three Fang Min-burning methods:
1. Handle the cash installment of the credit card: the cardholder will take the initiative to apply to the bank, and after the bank approves, the amount applied by the cardholder will be converted into the current virtual cash and deposited in the designated debit card, and the cardholder can return it according to the specified number of installments.
2. cash advance: users can directly take their credit cards to the ATM of the bank to withdraw money;
3. Credit card loan: For large consumption such as car purchase and decoration, the bank will grant a certain loan amount according to the credit status of the cardholder, and the cardholder will repay the principal in one lump sum and by installments.
This concludes the introduction of how to borrow money with a credit card and how to borrow money to buy a car with a credit card. Did you find the information you need?