Buy a house to swipe the credit card to pay the down payment of the seven minefields

Housing prices remain high, and individual cities have also increased the proportion of mortgage payments, and the cost of buying a home is getting higher and higher. Recently, a friend asked about the mortgage: If the down payment is not enough, can I pay the credit card for the down payment? What issues need attention?

In theory, credit cards can only be used for daily consumption such as shopping, dining, travel, etc., and buying a house is not among them, but banks will not set restrictions on the card-swapping process, and almost all developers have swiped pos machines, as far as the actual situation is concerned. You can pay your credit card for down payment. However, there are some issues with paying a down payment using a credit card.

1. The implementation of the New Deal is more likely to be passed on by the merchants - the wool is on the sheep, and the extra cost is for the purchaser to bear

First, we will share the latest policies with you. At the beginning of this year, the Notice on Improving the Pricing Mechanism for Bank Card Credit Cards issued by the National Development and Reform Commission and the People's Bank of China was officially implemented on September 6. The new regulations are for all. Merchants carry out a flat rate, cancel the rules for dividing rates according to the industry, and differentially charge debit cards and credit cards. For non-profit medical, education, charitable and other institutions, the card-issuing service fee and network service fee are fully reduced. The credit card belongs to the category of the credit card, that is to say, the credit card consumption requires the merchant to pay a service fee of not more than 0.45%, and there is no cap limit in a single stroke.

In the actual implementation, the bank will implement the floating rate, and the banks will not have the same rate. In general, banks with more card issuance have a higher rate of discourse. The credit card payment for the down payment is less than a few hundred, and thousands of service fees, the pressure on the business is not small.

Therefore, some developers will ask customers to pay the handling fee, or directly refuse the credit card to pay down payment requirements. The mortgage survey found that according to Article 12 of the “Administrative Measures for Bank Card Acquisition Business”, the acquiring institution should require the special merchant to fulfill the following basic obligations in the bank card acceptance agreement: it should not be held by the cardholder using the bank card. The cardholder collects or disguisely charges an additional fee or lowers the service level. That is to say, in any case, it is illegal for the developer to refuse to swipe the credit card or pass the card processing fee to the consumer, except in the case of local policy restrictions. Therefore, when you decide to use your credit card to pay the down payment, you must know the local bank's fees and government policies in advance, and avoid paying more.

2. Credit card down payment has regional or housing restrictions - second-hand home can not pay by credit card

For customers who purchase second-hand homes, the down payment is usually paid by bank transfer, credit card is not available, and some areas with strict requirements clearly stipulate that developers are not allowed to pay by credit card. Therefore, pay by credit card. The down payment is also subject to local policies and is not universal.

3. Credit card payment to buy a house down payment can not be filled in the billing period - short-term repayment pressure, easy to cause overdue

Another point is that the credit card payment is not applicable to the billing period. The repayment pressure will become larger in the short term. Once the repayment is not timely, the overdue period will be overdue, and the high interest and late payment fee will be paid. The most important thing will be affected. Personal credit of the purchaser. Therefore, before payment, you must have a clear understanding of your own economic situation, remember to blindly swipe your card.

4. There is no point in the real estate transaction - the bank's points are not so good.

It should be noted that for real estate, automobile, public welfare merchants, building materials wholesale and other transactions, the profits generated are lower. Banks generally stipulate that there is no point in swiping credit cards. I am afraid that friends who want to earn points by brushing down will be disappointed. .

5. Banks pay special attention to large-value transactions - credit card withdrawals will be affected

It is best to pay 1-2 large credit cards for payment, and do not use multiple cards at the same time. Because of the large amount of non-point transactions for such a number of cards, the bank may suspect that the customer has the suspicion of cashing out, will strengthen the risk control, if there is overdue or other problems, it is not so easy to apply for the amount in the future, and encounter the real bank. May also give you a derating.

6. Credit card down payment refund time is long - catching up with the due date will be miserable

Pay down the down payment and deposit with a credit card. If the purchase transaction is canceled for some reason, the time required for the developer to refund will be longer, usually 30-45 days. If this period just happens to catch up with the due date, the buyer can only If you pay your own repayment, the pressure will definitely be small, so you can't eat it and walk away?

7. Credit card payment mortgage must be a UnionPay card - property pos machine only supports UnionPay credit card

General property pos machine is the UnionPay channel, only supports UnionPay credit card, single currency foreign currency credit card does not support credit card. When you pay your credit card for a down payment, you need to see which card you are.

Summary: The credit card payment method is a double-edged sword. Although it can solve the urgent need, the improper use will have a bad influence on the buyers. It is best to consult the developer and the bank in advance, according to their own economy. The status determines whether or not to swipe the card.