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It is estimated that at least 8 out of every 10 Mexicans will use the ‘card’ this Buen Fin
MONTERREY, Nuevo León.- The approaching Good End and with it an important economic movement for the country.
In Mexico The use of credit cards has become popular, so the banking system has made it easier for more people to access a credit card.
Just for July 2024, Mexico had an increase of 2.5 million in credit card contractsbeing a total of 35.5 million, according to reports from the National Banking and Securities Commission (CNBV). For this good purpose, it is estimated that a 80% of purchases are made with credit cards.
What should be considered when purchasing with a credit card?
Before making any type of purchase, what you should take into account is a budget and thus stick to the established limit.
If purchases will be made with credit card The ideal is to review and adjust these points:
- Release line of credit: If due to the number of purchases that will be made, the credit limit would be capped or adjusted, the ideal would be to advance payments and thus allow the greatest amount of credit to be available.
- Check cut-off date: So that your purchases are not limited or affected by late payments, it is important to keep in mind the date on which you will have to start paying and the payment deadline.
- Use of virtual cards: Currently there are different ways to avoid information theft and one of them is the virtual card. There are some banking applications that from time to time and before each purchase update the verification value code.
- Identify promotions: As part of the incentive to make purchases with credit lines, banks are offering their users some promotions, among which are bonuses, interest-free months, discounts, cashback and even the possibility of starting to pay until the end of the first quarter of next year.
- Check the list of participating businesses: To participate in this end of discounts, businesses had to complete a registration process, check which participants are and thus locate the current offers and promotions.
What are the banks participating in this edition?
Some of the banks that will have promotions and benefits for their users this Good End son:
- HSBC
- BBVA
- Santander
- Citibanamex
- Banorte
- Bineo
What is expected from this Good End?
According to a report from the National Chamber of Commerceit is estimated that this 2024 Buen Fin will reach 165 billion pesos, an increase of 14 billion pesos compared to the last edition.
That year the Good End had a “boom”consolidating in Mexico online shopping.
See note:
Buen Fin 2024: These are the most sought-after products and services
Good End 2024: 7 Tips before starting to buy
Buen Fin 2024: this would stop the economic impact in Mexico
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