Can flowers replace credit cards?

The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you can get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".

Flowers can't replace credit cards. For example, the merchant does not have a flower collection service, but has a POS machine and can only use a credit card to spend. However, the application process for flower beds is simpler and more convenient, and it is also possible for users whose credit cards are rejected to apply for flower beds. For users, the scope of application of the two is different, and no one can replace anyone.

The reason why the number of young people using flower buds is decreasing.

Buds are all the rage. However, nowadays, a large number of young people choose to close the flower buds because they see through the "catty" hidden behind the flower buds. Today, with the development of mobile Internet, almost everyone can make online payment transactions with smart phones. Even the aunts and grandmothers who set up stalls selling vegetables on the roadside have learned to put QR codes to collect money.

This payment method can not only help them reduce the risk of receiving fake money, but also prevent misjudgment. Not only merchants are willing to use it, but consumers are also more accepting of online payment. For the vast majority of people now, as long as they go out with their mobile phones, they can basically solve all their needs. In the years of the development of mobile payment, the consumption concept of "ahead of consumption" has also been popularized.

Young consumers, in particular, often find it difficult to restrain their consumption desire in the face of temptation. In order to satisfy the strong consumption desire, people will choose to spend tomorrow's money to realize today's dreams. For these young consumers, the flower buds in Alipay provide them with a good platform for advanced consumption. Bai Hua will give each user corresponding funds by judging their qualifications. Although this money can't be withdrawn, it can meet the consumption needs of many people.

Generally speaking, consumers can use the amount provided by Bai Hua this month, and then pay back the money interest-free next month. From this perspective, the flower bud is still very human. However, it is worth noting that Ant Financial did not launch flower buds for charity, nor did it meet the consumption needs of young consumers in advance. Its essential purpose is to make money.

For the vast majority of young consumers, it is difficult to close the flower buds once they are opened. It is difficult to pay off the amount used up this month in time next month. In order not to affect their credit information, they will choose installment repayment or minimum repayment amount. It is worth mentioning that once you choose any of these projects, you will be interested.

Generally speaking, the interest rate of flower buds by stages will reach more than 10%. This interest rate is not low at all. Once the user chooses to repay in installments, Ant Group will officially make money. This way of making money is more profitable than other traditional investments. And this is the "catty" hidden behind the flower buds.