In essence, credit card is also a kind of consumer loan, but it is still different from loans in the general sense.

First of all, the loan amount is different. The credit card limit is relatively small.

Second, the loan term is different. After spending by credit card, the borrower can apply for installment payment, but the installment payment period is generally only three years at the longest, but the loan time will be longer.

Third, the scope of application is different. When applying for a consumer loan, the borrower must provide a true and reliable proof of use, and no credit card is required.

Fourth, the cost is different. Credit cards have a certain interest-free period of up to 56 days, while loans do not.

5. The application procedures are different. The application procedure of consumer loan is complicated, the bank's approval is strict and the loan is slow; But credit cards are faster!