Two different things. A credit card is a card that has a credit limit and can be overdrawn for interest-free repayment. Credit loans are issued in one lump sum and can be repaid within the prescribed time limit.

2. What's the difference between credit card and credit loan?

1. interest calculation method

Credit cards and loans will generate interest, but credit card consumption has an interest-free period. If it is used normally and repays within the repayment date, no interest will be generated, and interest will only be charged when cash withdrawal, overdue and minimum repayment amount occur. Ordinary loan products will bear interest on a daily basis. As long as the loan amount is used, interest will be generated, and the daily interest rate is generally 0.02%-0.06%.

2. Purpose of use

Credit cards are mainly used for credit card consumption, which is generally suitable for daily shopping payment or cash withdrawal; The use of loan products has different restrictions according to different types. For example, consumer loans are suitable for daily consumption, commercial loans are suitable for enterprise production and operation, and mortgages can only be used to buy a house.

3. Author's name or source note

Credit lines will be provided for credit cards and loans. The credit limit of credit card is generally between 65,438+0,000-50,000, and the credit limit of high-grade platinum card, diamond card and black card will be higher. The maximum amount of loan products generally does not exceed 200,000. If it is mortgage, commercial loan, mortgage and other types of loan products, the credit lines are all in the millions and tens of millions.

4. Repayment method

Credit card repayment can generally choose three repayment methods: full repayment, installment repayment and minimum repayment. Loan repayment methods include installment repayment, loan repayment, early repayment or full repayment.

5. Impact on credit report

Credit cards and loans will have an impact on credit information, and their good repayment records will help borrowers accumulate good credit records; The use records of the two will also appear on the detailed records of personal credit information.

If it is overdue, the credit card will generally provide a three-day grace period, during which the bill will be paid off and the credit will not be uploaded. If it exceeds the grace period, it will be uploaded to the credit information system; However, loan products generally do not provide a grace period, and if it is overdue, it will easily be uploaded to the credit information, resulting in a bad credit record.

It should be noted that the credit card usage limit is included in personal liabilities, and overdue credit cards will affect personal credit. When using a credit card in daily life, it is suggested to repay the loan on time, reasonably use the credit card limit within your ability and maintain a good personal credit.

3. Is it necessary to pay off the credit card debt first when inquiring about the personal credit report?

You don't have to pay back the credit card debt for the money from the housing commercial loan, just pay it back.

Taking Zhengzhou Housing Provident Fund as an example, according to the loan conditions stipulated in the Instructions for Housing Provident Fund Loans issued by the Housing Provident Fund Center:

1, loan

2. The specified proportion of down payment has been paid, and the down payment loan amount = the total house price.

3. The borrower has opened a deposit account for more than 6 months (inclusive), and recently

4, the family income is stable, good reputation, the ability to repay the loan principal and interest;

5. Agree to provide loan guarantee approved by the Housing Provident Fund Management Center;

6. The borrower and spouse have no outstanding housing provident fund loans or large debts.