How to buy a house with a credit card: Analysis of the latest hot topics and practical guide in 2024
Recently, the topic of "buying a house with a credit card" has once again aroused heated discussion. With the adjustment of real estate market policies and the innovation of financial instruments, more and more home buyers are beginning to pay attention to this unconventional way of purchasing a home. This article will combine the hot data from the entire Internet in the past 10 days to provide you with a detailed analysis of the feasibility, risks and practical strategies of buying a house with a credit card.
1. Top 5 hot topics related to home buying in June 2024
| Ranking | topic | Search volume (10,000) | Platform popularity |
|---|---|---|---|
| 1 | Credit card down payment tips | 38.7 | Weibo/Zhihu |
| 2 | Developer refuses to accept credit card payment | 25.4 | Toutiao/Douyin |
| 3 | Credit Card Installment VS Mortgage Interest Rate | 19.2 | Baidu/Snowball |
| 4 | Legal risks of buying a house with a credit card | 15.8 | Zhihu/public account |
| 5 | Overseas credit card house purchase cases | 11.3 | Xiaohongshu/Station B |
2. Comparison of the three mainstream methods of buying a house with a credit card
| way | Operation process | capital cost | Applicable scenarios |
|---|---|---|---|
| Swipe your card directly | 1. Confirm that the developer accepts credit cards 2. Maximize multiple cards at a time 3. Apply for bill installment | Annualized 18-24% | Small balance payment |
| cash installment | 1. Apply for a credit card cash loan 2. Transfer money to debit card 3. Pay down payment | Annualized 12-15% | Supplement the down payment gap |
| Credit loan portfolio | 1. Apply for multi-bank credit loan 2. Stagger the payment time 3. Combined use | Annualized 8-12% | Large capital turnover |
3. Warnings on recent hot events
On June 15, a house buyer in Hangzhou used 8 credit cards to cash out the down payment. After the bank found out, he asked to settle the mortgage in advance. The related case was played 2.3 million times on Douyin. At the same time, the Beijing Banking and Insurance Regulatory Bureau issued a reminder: It is strictly prohibited to illegally flow credit card funds into the real estate market.
4. Practical suggestions (based on the latest policies)
1.Amount control: Credit card usage in a single month should not exceed 80% of the fixed amount to avoid triggering risk control
2.Channel selection: Prioritize compliance consumption scenarios such as decoration and home appliances
3.time planning: It is recommended to operate credit card fund turnover after the mortgage loan is approved.
4.backup plan: Prepare at least 20% of your own funds to deal with unexpected reviews
5. Comparison of credit card house purchase policies of various banks in 2024
| bank | Single transaction limit | Real estate MCC code | installment policy |
|---|---|---|---|
| ICBC | 50,000 | Automatic interception | Real estate installment is not supported |
| China Merchants Bank | 100,000 | Some merchants are open | You can apply for bill installment |
| Ping An Bank | 200,000 | Intelligent identification | Consumption voucher is required |
Risk warning:According to the latest "Payment System Report 2024" released by the central bank, the number of cases of illegal inflows of credit card funds into real estate increased by 47% year-on-year. It is recommended that home buyers give priority to financing through formal channels. If you really need to use a credit card, be sure to keep complete consumption vouchers, control the single amount below 50,000 yuan, and avoid centralized multi-card operations.
The statistical period of the data in this article: June 10 to June 20, 2024. The data sources include Weibo hot search list, Baidu Index, Toutiao hot list and other mainstream platforms. Please refer to the latest regulations of local banks for specific policies.
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