What's the difference between buying on credit and spending money in Shanghai Bank?

First, the amount of loans you can apply for is different. Shanghai Bank can apply for a loan of up to 500,000 yuan for credit purchase, while the loan amount that Bai Hua can provide is not that high.

Second, the consumption quota is different. The flower garden will mainly focus on small and medium-sized quotas, mainly serving the small and medium-sized consumption needs of users in their daily lives. Credit purchase is mainly to meet the high demand of users, and cannot be used to buy real estate, stocks, futures, wealth management, etc.

Third, it is used in different ways. The loan amount applied by Huayuan can't be taken out, and it can be spent directly in daily life; Users who apply for credit purchase can directly spend large amounts of money in addition to investment, house purchase, stock trading and other places.

Fourth, audit institutions are different. Credit purchase is a kind of consumer credit service which is fully funded by banks and other financial institutions and provides consumption independently. Huabai is an exclusive credit product provided by Ant Financial Services, and its credit line is determined by Ant Financial Services independently.

Through the explanation of the above contents, users should understand the difference between the credit purchase of Shanghai Bank and the flower shop. To put it simply, as long as there are differences in loan amount, consumption amount, usage mode and auditing organization between Shanghai Bank Credit Purchase and Flower Shop, users need to consult clearly before applying. When users apply to Shanghai Bank for credit purchase, the loan approval, loan amount, interest rate and term shall be subject to the final approval result of the bank.

Huabai is a consumer credit product launched by Ant Financial from 2065438 to April 2005. After users apply for opening, they can get a spending quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".

Ant Flower Garden Consumer Credit Asset-Backed Securities Project was listed and traded in Shanghai Stock Exchange on August 4, 20 16, becoming the first ABS of Internet consumer finance in Shanghai Stock Exchange. Flower Garden is an online shopping service provided by ant micro-loan to consumers, which is "buy this month and return it next month" (return it next month after confirming receipt). Most merchants or products of Tmall and Taobao support the flower garden service. Whether the specific products can be purchased with flower buds depends on the cashier page. Flower garden products have been officially launched, and the user base is gradually expanding.

If it is overdue, a late fee of 0.5% will be charged every day. At the same time, Huayuan's overdue records will also be submitted to Sesame Credit, which will affect Sesame Credit Score. In addition, flower buds, Tmall staging, Tmall trying first and then buying, and Taobao using first and then paying * * will all use a consumption quota.

What is credit purchase? What's the difference between flowers and flowers?

As a credit payment tool that can be repaid this month and next month, Huabai is loved by young users. Many Alipay users have opened the flower bud function, and they habitually use the flower bud to pay first and then repay on time. Recently, many flower bed users have found that their flower beds have become "credit purchase flower beds". Many friends still don't know much about credit purchase, so what is credit purchase? What's the difference between flowers and flowers?

Credit purchase is the result of brand isolation in Bai Hua. 20211,Bai Hua officially announced that Bai Hua began brand isolation. After that, many flower bed users have received tips to upgrade the flower bed service. After completing the flower bed upgrade operation, the original flower bed became a "flower bed credit purchase".

Credit purchase, like flower garden, is a personal consumer credit product, which can be paid and used on online platforms such as Tmall Taobao and some offline merchants, and you can enjoy the interest-free period as long as you repay on time. The payment method and repayment method of credit purchase and flower shop are the same. After using the credit purchase limit, installment repayment and minimum repayment amount can also be made.

The difference between credit purchase and flower buds is mainly in the following aspects:

1. Page display changes: the original flower bud page is displayed as "Flower bud", and the brand isolation page is displayed as "Flower bud | credit purchase", and the name of the service organization, credit purchase quota and flower bud quota will be displayed on the page.

2. Institutional changes in providing services: After brand isolation, Huabai became the exclusive brand of ant consumer finance, which provided services, while credit purchase was independently provided by other financial institutions. The specific service organizations can be directly seen on the page.

3. Quota change: after the flower bud is upgraded to "flower bud credit purchase", it is equivalent to additional products purchased by credit. According to the official explanation, after the upgrade, Huayuan will focus on providing users with small and medium-sized daily consumption needs. If there is more quota demand, it can be obtained by credit purchase. Some users reported that after their flower beds were upgraded to "credit purchase flower beds", the flower bed quota was reduced, but the flower bed plus credit purchase quota was similar to the original quota.

To sum up, credit purchase is actually the result of brand isolation of Huabai. After the evaluation and isolation of flower buds, those provided by ant consumer finance will continue to use the name of flower buds, and those provided independently by other financial institutions will be renamed as credit purchases.

What's the difference between flowers and buying on credit?

1. Credit purchase is a member right of Alipay. Sesame score above 650 points, you can enjoy the service of "0 yuan orders, 7 days experience". If you are dissatisfied with the goods during the experience period, as long as it does not affect the secondary sales, you can return them at any time, without bearing the freight, and the whole process will not cost a penny; Pay when you are satisfied. Even if you forget to pay, Alipay will automatically deduct money during the experience, so don't worry about affecting your personal credit.

2. Credit purchase service is a kind of consumer credit service which is fully funded by banks and other financial institutions and provided independently for consumption. The credit limit of credit purchase service shall be determined by financial institutions through independent examination. Bai Hua is an exclusive credit product provided by Ant Financial Services, and its credit line is determined by Ant Financial Services. Credit purchase and flower shop are both formal consumer credit services provided by licensed financial institutions. In terms of quota, after brand isolation, the flower garden will focus on small and medium-sized consumption, follow the principle of inclusiveness and decentralization, and focus on serving the small and medium-sized consumption needs of users in their daily lives. If users have more quota requirements, they can get them through the "credit purchase" service.

What's the difference between flowers and buying on credit?

1, the consumption amount is different. After brand isolation, Huabai will focus on small and medium-sized consumption, follow the principle of inclusiveness and decentralization, and focus on serving the small and medium-sized consumption needs of users. If users have more quota requirements, they can get them through the "credit purchase" service. After brand isolation, the core experience of flower shop and "credit purchase" service is the same in interest-free period, audit and repayment. Users can adjust the payment order and "credit purchase" service of flower buds according to their own preferences. Because the service quota of "credit purchase" type is more sufficient, in order to ensure the user experience, users are advised to give priority to "credit purchase".

2. Audit institutions are different. "Credit purchase" is a kind of consumer credit service which is fully funded by banks and other financial institutions and provided independently for consumption. The credit limit for credit purchase shall be determined by financial institutions through independent examination. "Flower Garden" is an exclusive credit product provided by Ant Financial Services, and its credit line is determined by Ant Financial Services independently. According to the Regulations on the Administration of Credit Information Industry, institutions providing credit services need to provide credit information to the credit information system in accordance with regulations. In other words, the flower buds will be submitted to the credit information system by Ant Financial, and the "credit purchase" service will be submitted by financial institutions such as banks that provide services. Maintaining good usage habits and repayment habits will not have a negative impact on credit records.

What does the Shanghai Bank mean by buying on credit?

Shanghai Bank's credit purchase is a product of Alipay platform, and the credit purchase funds provide loans for Shanghai Bank, that is, Shanghai Bank. Alipay will indicate the funder. The investor of Shanghai Bank's credit purchase is Shanghai, and the credit purchase method of Bohai Bank is Bohai Bank. Credit purchase is a credit product separated from Bai Hua by Alipay brand isolation, because CBRC explicitly requires different financial institutions to provide credit products separately to avoid misleading consumers.

Take Alipay 10.2.56 version, Apple13 (IOS15.3.1system) and Huawei mate40(HarmonyOS2 system) as examples, there is no difference between using Shanghai Bank for credit purchase and a flower shop, but the essential difference is that the investor of the flower shop is Ant Financial.

When making payment, users can directly check the payment method at the cashier's desk for Shanghai Bank credit purchase. Users use the credit line purchased by Shanghai Bank to repay loans in the same way as in Bai Hua. The credit bill and Bai Hua bill are combined together, and users can directly display the repayment status according to the bill.

It should be noted that both credit purchases and flower buds have been connected to the central bank's credit information system. If the repayment is overdue, the overdue record will be uploaded to the personal credit information. There is no grace period for flowers and credit purchases. Overdue repayment shall be deemed as overdue.