Let's take a look at the specific differences between the two. First, the way of credit investigation. Flower buds are different from credit card declaration subjects. Bai Hua's Chongqing Ant Consumer Finance Co., Ltd. is a licensed consumer finance company, and its credit information will be reported to the central bank's credit information system. Credit card is a product issued by banks and a symbol of personal credit. Banks report credit information to the central bank.
Previously, the records of users' credit cards were reported to the credit bureau, which is very helpful to the credit bureau in the long run, but if the overdue times are many, it will directly affect the approval of personal loans; For a long time in the past, Internet consumer loan products such as flower buds wandered outside the central bank's credit information system. Long-term use of flowers, sesame credit score will rise. If there is overdue behavior, overdue interest will generally be charged, sesame credit points will be deducted and the amount will be reduced. Lack of deterrence. After reporting the credit information, there is no difference between Bai Hua and credit card in the credit information impact.
In response to the concern raised by netizens that "Huayuan credit information will affect mortgage loans", Huayuan also said that normal use of Huayuan and good habits of use and repayment will not lead to loan difficulties. The main reasons that affect bank loans are users' bad credit behaviors such as long-term borrowing, excessive borrowing and overdue borrowing.
From the interest-free period, credit card interest-free period has more advantages. The longest interest-free period for flower buds is 4 1 day, and the longest interest-free period for credit cards is more than 50 days. (For example, the bookkeeping date is 1 day per month, and the repayment date is 20th of the current month. The consumption after 1 is included in the next bill, and will be repaid on the 20th of next month, with the longest interest-free period. )
However, the consumption of flower buds does not generate points alone, but is generated by the comprehensive evaluation of the system after being related to Alipay consumption, and not every consumption will generate points. The categories of convertible points are relatively limited, including video website members, food stamps, daily necessities and so on.
However, flower buds also have their unique scene advantages and processing threshold advantages. As a consumer credit product launched by Ant Group, flower garden users can enjoy the shopping experience of "consume first, then pay". Scenes such as flower buds and Taobao are closely combined, which makes consumption more convenient and really attracts many fans.
On the threshold of handling, the credit card risk control audit is stricter, and it is difficult for some sinking customers to apply. The threshold for spending money will be lower than that of credit cards, and students and special professional customers will get some quotas as long as they meet the corresponding conditions. However, it should be noted that it must be carefully used in combination with its own income and current repayment ability.
"Huayuan's full access to credit information means that Internet credit products have gradually improved the personal credit information system. For users, normal repayment will not affect credit reporting. If it is overdue, what impact will credit cards and loans have on your credit information? The flower garden will have the same effect. " Su, a senior analyst at Analysys International, said.
Related questions and answers: Is the interest-free period of credit cards the same as that of flowers? The interest-free period of credit cards is different from that of flowers. Different card-issuing banks have different interest-free periods, ranging from 20 days to 56 days, while Huabai is 10 days and the longest is 4 1 day. The actual interest-free period is based on the time difference between the user's consumption time and the repayment date.
Credit cards and flower beds are similar in nature, and users can enjoy interest-free treatment. If it is overdue, it will have a penalty interest, which will seriously affect the credit investigation. Never overdue.
Related questions and answers: Why do you want to apply for a credit card? What are the advantages of credit cards compared with flower shops? First of all, nobody said anything about getting a credit card. In many ways, Bai Hua is actually a credit card product launched by Alipay. Because Alipay is not a bank and cannot issue credit cards, it borrowed the form of flower buds. In fact, the reason is the same. After spending first, there is a certain interest-free period As for which is better, credit card or flower shop, make the following analysis.
1 development history
Credit cards have existed abroad for decades, and the payment methods in developed countries in Europe and America are mainly credit cards. Credit cards have been used in our country for 20 years. Flower buds have only been known in recent years and entered the public's field of vision.
2. In terms of ease of use
Credit cards can be bound to Alipay and WeChat to realize mobile payment, while Huayuan, as a product of Alipay, naturally supports mobile payment. There is not much difference between the two in this respect, and it is also very convenient to use, but it is impossible to use flower buds on Tencent's WeChat payment.
3. Welfare
The benefits provided by credit cards are mainly the exchange of points for goods. Each stroke will accumulate certain points and can be exchanged for various goods and services. For example, use Starbucks coffee and McDonald's set meal points. Some shopping malls will cooperate with banks to provide preferential services. For example, Carrefour supermarket can get a discount by swiping a wide credit card every Tuesday.
The main advantage of the garden is to reduce some expenses. For example, if you choose to pay the original price of 100 yuan, you can save 10 yuan. People who use flower beds for a long time can't enjoy this benefit, mainly to attract people who don't open flower beds or choose to pay.
4. liquidated damages for overdue repayment
Are very strict, overdue fines will face high penalty interest or liquidated damages. Whichever you choose, don't pay late. In addition, when you really don't pay, you may face the possibility of being sued or affecting your credit information. Credit cards and credit information are completely interoperable, and they are currently being connected to Huabai. It is estimated that it will be synchronized with the credit investigation in a while.
5. Bidding quota
Credit card application is complicated, and it takes a long time for banks to do background checks and determine the quota after evaluation. Opening the flower bud is very convenient and quick, and it can be opened on Alipay in a few minutes. But in terms of the amount, I think the credit card is higher. As long as it is used more, it can be repaid on time, and the amount will rise faster.
In short, there is no difference between the two, and there is not much difference in general. Please open it when it is not open, ignore you when you can repay on time, and chase it when you can't repay on time.
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