Credit Card X Loans, who wins this match? With the increase in the supply of credit and financing in Brazil, consumers can request money in various ways and forms, can be face-to-face, requested over the Internet or over the telephone. One of the ways to borrow money that is little used compared to other modalities is the credit card loan.
The other way to get cash at instant release interest is pre-approved personal bank loans.
In both modalities, it will provide the contractor the possibility of obtaining money in an emergency and unforeseen situation, as well as in the moment of leisure and fun with the family.
Those who are in need of money and want to get credit should know that there are big differences between the two. If a consumer performs a thorough research before deciding what type of loan is best for him, he will see that the card loan does not even appear. It is worth mentioning that sometimes the best solution depends on the need that the debtor is facing, that is, individual circumstances should be taken into account.
A credit card is a special line of credit that a citizen uses through a plastic.
The cardholder can use the credit available on him to buy products and services but can also go to an ATM and turn the available credit line into cash on hand.
Loan on the card – What is good for one person may not be good for another person, if you want to see cases that get a loan on the credit card of store flags is common practice, just go to the stores C & A, Renner and Riachuelo that the queue to make and pay the loan slips are huge.
Conventional Loan – The most common is to apply for a personal loan at the bank through funds released at the current checking account every 30 days or month to month.
In this form of credit the limit of how much money the account holder can get is already defined.
One is to borrow money, the contractor can request a loan in the account of up to R $ 15,000 thousand or more while in the credit card the value is less than R $ 5000 due to the high cost with interest and fees applied. I believe you have no doubt in deciding which lender is most advantageous.
In the conventional loan, the interest rate is approximately 8.99% and the paycheck-deductible loan is up to 2.14%, while the interest rate on the credit card is on average greater than 12.5%. operation.
Credit card has one more detail, card administrators base their decisions on the consumer credit report (SPC and Serasa). If the consumer is not labeled clean, the credit card company will likely deny access to the loan.