After sorting out, the business related to cardholders mainly includes: purchase, second-hand housing intermediary fees, rental and property fees. At present, what is the situation of the above-mentioned credit card related to real estate business? Can I still use the credit card for down payment? Can I use the credit card for paying the intermediary fee, property fee and rent?
Buying a house: swipe the card to cash in another POS machine
Sino-Singapore Jingwei clients inquired about many intermediary companies and sales offices, and all said they did not accept credit card purchases. You cant buy a house by credit card. The Sales Office does not accept credit card payment. When you go to the bank to pay down payment, the bank will examine the source of the down payment. A real estate agent Xiaojun told Zhongxin Jingwei client.
But theres always a way to brush a credit card, and thats to be more skilled. Xiaojun said.
It is understood that each POS machine will have a specific business code, so as to distinguish each POS machine, all kinds of businesses have their own special code, of which four digits are industry code. Credit card business code related to real estate is: residential and commercial real estate development (merchant category code 1520), real estate agent and broker (merchant category code 7013), real estate construction and installation project (merchant category code 1771), real estate management (merchant category code 6513), rental and other vacation real estate (merchant category code 7012). Credit card switching is restricted or prohibited on POS machines of the above categories.
Xiaojun said that in the intermediary store there are POS machines, business code is not real estate, so you can cash out the money in the credit card, as long as you pay the handling fee. However, the name of the buyer can not be the cardholder, if it is the husband and wife, they need to divorce and buy as another person.
Although this approach is feasible, but the purchase risk is too high, not recommended. Xiaojun stressed that even if the money in the credit card is brushed out, as long as the cardholder buys a house or carries out a mortgage, the money is liable. When the bank sees that many credit cards are in arrears, it will doubt your repayment ability; and when the date of credit card brushing is similar to the date of purchase, the bank will also suspect that the credit card funds are used for down payment. Now the supervision is very strict. Payment is likely to be rejected.
Intermediary Fee: Payment by Credit Card or Affection of Loan Approval
According to media reports, in addition to restricting the purchase of commercial housing, the payment of intermediary fees may also be restricted. Among them, the credit cards of China Merchants Bank, Everbright Bank, industrial bank and China Construction Bank shall not be traded in some real estate merchants, including real estate agents and brokers. There are also banks with quotas for such transactions ranging from 10,000 yuan to 30,000 yuan.
In the first-tier cities such as Guangzhou and Shenzhen in the north, buying a house not only costs millions of total housing, but also pays a large intermediary fee for buying a second-hand house. It is understood that at present, the second-hand housing intermediary fee in Beijing ranges from 2% to 2.7%. If you buy a second-hand house of 5 million yuan and calculate it with 2% intermediary fee, you need to pay intermediary company 100,000 yuan intermediary fee.
Sino-Singapore Jingwei client consults several real estate intermediary companies. At present, the payment of intermediary fees can be paid by credit card. Xiaodong, a real estate intermediary, said that before, most banks credit cards had a single ceiling of 100000 yuan in real estate agents and brokers, which could basically meet the needs of buyers with a total house price of less than 5 million yuan.
Xiao Dong said that his intermediary company had not yet received a reduction in the amount of bank notification, but even if some banks reduced the amount or banned transactions, it could be solved by switching other bankscredit cards, or by switching more credit cards.
However, we do not recommend that customers use credit cards to pay intermediary fees, and use credit cards as little as possible before granting loans, because large credit cards may affect the qualifications of loan audits. Xiao Dong emphasized.
Yan Yuejin, director of research at the think tank center of Yiju Research Institute, told Sino-Singapore Jingwei clients that it was reasonable for banks to pay credit card quotas for intermediary fees, because intermediary fees related to housing sales, but also linked to the total price of housing transactions, and restricting intermediary fees would also have a certain impact on speculation.
Limited impact of credit card on property fee and rent
Many people also choose to use credit cards when paying rent and property fees. According to 21st century economic reports, credit card payment of property fees and time-sharing housing (rental housing) are quota transactions, a single transaction does not exceed 15,000 or 30,000 yuan. China Merchants Bank, China Construction Bank, Agricultural Bank of China, Ping An Bank and other banks have issued relevant announcements.
Sino-Singapore Jingwei clients consulted several property companies and all said that they could support credit card payment of property fees. Most ownersproperty fees were within the limits and were basically unaffected.
In terms of renting, a self managed housekeeper tells the new Sino Jingwei client that the tenant can deal with an intermediary company through online APP, and only need to bind the credit card through Alipay or WeChat, so that the rent can be paid by credit card.
Yan Yuejin believes that restrictions on credit card payment for rental housing and property fees are more stringent measures. Because rent, intermediary fee and speculation are different, belong to daily consumption; especially property fee, belong to a expenditure of household consumption, in the marginal zone.
At present, POS machine management is not strict, some POS machine name is the property company, but in fact the real estate company. Dong Xizhao, chief researcher of Xinwang Bank and special researcher of the National Finance and Development Laboratory, told Sino-Singapore Jingwei clients that Xiaoyangchun has appeared in the real estate market in some parts of China since this year, which is related to the irregular inflow of credit funds.
The inflow of personal consumption credit funds into the real estate market, on the one hand, deviates from the requirements of real estate is not speculation , which affects the effect of real estate regulation; on the other hand, it enlarges the leverage of the residential sector and accumulates financial risks. The report issued by the National Laboratory of Finance and Development also shows that in the second quarter of 2019, the leverage ratio of the residential sector reached 55.3%, which increased by 2.1 percentage points in six months. Therefore, it is timely and necessary for the regulatory authorities to reiterate relevant policy requirements and take measures to plug policy loopholes. Dong wishes to emphasize.
Yan Yuejin said that the tightening of credit card switching by real estate businessmen also showed a stricter policy orientation, making credit card payment meaningless, and also reducing the impulse of some funds irregularly flowing into the real estate market, so that credit card financial risks were prevented and real estate-related financial risks were controlled.
Dong Xizhao suggested that commercial banks should approve credit card quota reasonably, minimize multi-credit, strictly control over-credit, and reduce the possibility of overdraft of customers, especially young customers, from the source. For example, the requirement of rigid deduction should be strictly implemented. When credit lines are granted to credit card holders, they should deduct the amounts already obtained by other banks.
Banks call off credit cards to buy houses, brush intermediary fees, property fees and other quotas.
Under the regulatory requirements, since last year, the major bankscredit cards have been upgraded in the transaction risk control of some real estate merchants.
Generally speaking, credit card credit card purchasing commercial housing, or in the real estate intermediary credit card is mostly called off, credit card credit card payment of property fees and time-sharing housing (rental housing) and other limited transactions, a single transaction does not exceed 15,000 or 30,000 yuan.