Lending is a product with daily interest, and the daily interest rate is between 1.5 and six ten thousandths. Credit cards are charged at the installment rate, and the standards of installment fees vary from bank to bank. Therefore, through case analysis, we can know that ICBC's credit cards are divided into 1000 yuan and 12 periods, and the staging rate is 15.6%. Borrow a loan of 1000 yuan, repay it in 12 installments, and calculate the interest at the daily interest rate of 0.03%.
1 credit card interest
100015.6% =156 yuan
Step 2 borrow interest
Repay in equal amount every month. The total repayment amount is 1060. 18 yuan, and the interest is 60. 18 yuan. At the same time, the daily loan interest rate is 365= 10.95, so the calculated loan interest is low.
Summary: When the installment interest rate of credit card 12 is higher than the annual interest rate, the installment fee of credit card is higher than the interest rate; When the credit card 12 installment rate is less than the annual loan interest rate, the loan interest rate is higher than the credit card installment fee. In other words, the interest comparison between credit card and debit card should be carried out under the same number of installments, and the party with high interest rate is the party with high interest rate.
Extended data:
First of all, the current name of the "borrowing" credit loan is a loan service launched by Alipay. According to the difference of sesame score, the loan amount that users can apply for is also different. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan [1].
19, 2065438+2008, 65438+2065438, or actively closed some user accounts to control the loan balance due to excessive leverage ratio and violation of relevant regulatory regulations of the central bank.
2021165438+1October 8th news, it is reported that Alipay's "borrowing" name has been changed to "credit loan". In this regard, Alipay customer service responded that in order to facilitate you to know the actual consumer credit service provider more clearly, the consumer credit service independently provided by financial institutions cooperating with Ant has been updated to "credit loan", and the credit loan page shows the name of the financial institution. After this adjustment, the original services such as borrowing, auditing and repayment will not be affected. "Borrowing" is a loan service launched by Alipay, and the current application threshold is that sesame scores are above 600 points. According to different scores, the loan amount that users can apply for ranges from1000-300,000 yuan. The longest repayment period of the loan is 12 months, and the daily interest rate of the loan is 0.045%, which can be repaid with the loan.
borrow
At present, the consumer loans launched by e-commerce giants are mainly aimed at the installment under the consumption scenario of this e-commerce platform, but with the continuous accumulation of personal credit data, personal credit loans for non-consumption scenarios are also being launched one after another. The following is the actual experience of raising the amount:
1, deposited in Yu 'ebao or Zhaocaibao (regularly), deposited in 15000 yuan, and basically paid out after 10, usually at1-10;
2. Download the online merchant bank app on your mobile phone, and then deposit it in the balance. Ten thousand deposits can basically lend ten thousand consumer loans to online merchant banks for one month;
Second, the use of credit cards.
POS card reader
Swiping a card on a POS machine is the most common way to use a credit card, and it is also a way to swipe a card online. When swiping a card, the operator should first check the validity period of the credit card and the cardholder's last name. Then, according to the issuing bank and the currency to be paid, select the corresponding POS machine, draw the magnetic stripe of the magnetic stripe credit card on the POS machine, or insert the chip credit card into the card slot, connect with the bank, and input the corresponding amount. After receiving the information of remote payment, the POS machine will print a receipt (at least two copies) for credit card payment, and the cardholder will sign the receipt after checking that the information on the payment receipt is correct. After checking the signature on the receipt and the signature on the back of the credit card (including the complete name matching and the basic handwriting matching), the operator will send the cardholder a copy of the credit card and the credit card payment receipt. At this point, the credit card swiping program on the POS machine is completed.
Can I borrow my credit card?
Credit cards cannot be repaid directly, but users can repay indirectly. That is, take out the money from the credit card first, and then borrow it. The medium needed in the middle is a savings card. Credit card is a kind of credit card, if you can borrow it. Then, it is equivalent to cashing out. And this kind of behavior is absolutely not allowed by banks. Therefore, at present, it is impossible to repay the borrowed service directly by credit card.
Credit card, also known as debit card, is a credit certificate issued by commercial banks or credit card companies to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
According to the different card issuers, it can be divided into bank cards and non-bank cards.
Bank card. This is a credit card issued by the bank. Cardholders can shop and spend money at the special merchants of the issuing bank, or withdraw cash at any time at all branches of the issuing bank or places with ATMs.
Non-bank card.
This kind of card can be divided into retail credit card and travel entertainment card. Retail credit cards are credit cards issued by commercial organizations, such as department stores and oil companies, which are dedicated to shopping in designated stores or filling gas stations. , and settle accounts regularly. Travel and entertainment cards are credit cards issued by service industries such as airlines and travel companies, which are used for ticket purchase, dining, accommodation and entertainment.
According to the different card issuers, it can be divided into corporate cards and personal cards.
Company card. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, state party and government organs, armed forces, organizations and other legal entities.
Personal card. Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, science and technology workers, self-employed households and other adult urban and rural residents with stable income sources. The personal card is applied in the name of an individual and bears all the responsibilities for using the personal card.
According to the credit status of cardholders, it can be divided into ordinary cards and gold cards.
Ordinary card. Ordinary cards are issued to cardholders with average economic strength, reputation and status, and their requirements are not high.
Gold card.
Gold card is an advanced credit card that pays a high membership fee and enjoys special treatment. Card issuers are those with high credit, strong repayment ability, credit or certain social status. The starting point of gold card authorization is higher, and the additional service items and scope are wider, so the requirements for related service fees and deposits are higher.
Can I borrow my credit card if I owe money? It will be clear after reading it.
Many people first came into contact with online lending by borrowing money, and now the loan is also connected to the central bank's credit information system, and every time they borrow money, they will check the credit information. So many friends are a little worried that the credit card they applied for has not been paid off. I wonder if it will affect the use of loans. Today we will analyze it.
Can I borrow my credit card if I owe money?
Borrowing money to check credit depends on the borrower's credit and the borrower's debt. The outstanding credit card debt is one of personal liabilities, which will increase the personal debt ratio.
If there are too many outstanding debts, usually more than tens of thousands, the debt ratio is quite high and the risk of borrowing is high, so borrowing may not be allowed. There is not much debt, but there is still a chance to borrow. And if the loan cannot be used, it is not necessarily caused by the debt of the credit card. You can find the reasons from these aspects.
Why can't I borrow it?
1. Insufficient comprehensive score: the system will not comprehensively evaluate users from time to time to determine loan eligibility. If the loan and expenditure are overdue, Alipay activity is low, and users have behaviors such as withdrawing cash and swiping points, resulting in insufficient comprehensive score, and the loan is also unusable.
2. Insufficient loan amount: You can borrow many times within the available loan amount, with a maximum of 20 loans. However, after borrowing, the loan amount will be restored. If the loan amount is all used up, even if there are many loans left, it will be futile. Only one medical loan can be repaid first, and it can be used after the loan amount is restored.
In short, credit card arrears can be borrowed. If it can't be used, it's not necessarily the credit card arrears. It is suggested to find out the reason according to the above introduction.
The difference between loan and credit card (debit card)
The difference between borrowing and credit card (debit card) is as follows: borrowing is an online loan product, and credit card (credit card) is not an online loan; You can only borrow 12 installments at most, while credit cards (debit cards) can be divided into 36 installments at most; There is no interest-free service for loans, and credit cards (debit cards) provide interest-free services; The loan must be repaid in full on the repayment date, and the credit card (debit card) can choose the minimum repayment and installment repayment.
Therefore, debit card and credit card (debit card) are essentially two completely different products, and users can easily distinguish them. However, the use records of both will be reported on the credit, and both must be repaid on time.
Can I borrow my credit card?
Credit cards (debit cards) cannot be used to repay loans. Lending itself does not support the use of credit cards (debit cards) to repay loans. Credit card (debit card) is a card used for credit loan consumption. If a credit card (debit card) can be used to repay the loan, it is actually equivalent to paying the loan in cash. This situation is absolutely not allowed.
In addition, if you use a credit card (debit card) to withdraw cash and borrow money from a savings card, there will also be problems. Credit card (debit card) withdrawal is cash installment. Banks have clear borrowing purposes for cash installment and can only be used for consumption. If it is found to be used to repay the loan, it is a breach of contract, which is absolutely not allowed by the bank.
Excuse me, which is more cost-effective than credit card? Bibi is not clear.
Loans and credit cards can provide services for friends who are in urgent need of money, but they are different in nature and can be easily compared to see which one will be more cost-effective. Here we will analyze it from four aspects.
Excuse me, which is more cost-effective than credit card?
1, use:
There is only one purpose of borrowing money, that is, borrowing money; Credit cards can go far beyond spending and borrowing money. As far as borrowing money is concerned, there are several ways, such as credit card cash withdrawal and credit card cash installment.
2. Quota:
The maximum loan amount is 200,000 yuan, but generally, the maximum amount per person is about 30,000 to 50,000 yuan; For example, the credit card limit is high or low, depending on the credit card level and the applicant's credit conditions, but it is usually used well. After two or three years, the amount is mostly higher than the loan.
3. Repayment:
There are two kinds of loan repayment: equal principal and interest and average capital, which can be repaid by loan. In addition to monthly repayment, you can also repay in advance; Credit card loans are also repaid every month, including full repayment and minimum repayment, and can also be repaid in advance.
4. Interest:
This is the most critical reference factor for loan or credit card. If the loan is calculated on a daily basis, the maximum daily interest rate is five ten thousandths, generally around four ten thousandths; Credit card loans can only be repaid in cash installments, which is a monthly fee with a monthly interest rate of about 0.75%.
For example, borrow 10000 yuan for 30 days, borrow 0.04% interest, and pay interest for 30 days 120 yuan; The credit card is paid in cash installments, with a monthly rate of 0.75%, and a handling fee of 72 yuan will be paid for 30 days. In contrast, it seems that credit card cash installment is more economical and cost-effective.
Summary: In fact, ant borrowing and credit card have their own characteristics. For two products with different attributes, it is not easy to judge which is more cost-effective, mainly depending on everyone's needs. Still an old saying: what suits you is the best.
So much for the introduction of credit card lending.