One of the benefits of having a credit card is to be able to buy from “Months without interest”which consists of being able to divide the amount into several fixed contributions, without there being an increase in the total amount at the time of liquidating the debt, although some question whether it is possible and how recommendable it is to advance payments for these acquisitions.
The first thing to point out is that before making a movement of this nature you communicate with your bancosince a subscription of this style is usually directed directly, without the possibility of directing it to a specific product.
On the other hand, within the benefits is the fact that with this action the credit line it is released early and you can use it for other purchases, although maybe in the next account status continue to reflect the next payment of this purchase to months without interestso in order to perform these moves you may need to inform the banco.
As far as benefits are concerned, the only one will be freeing the credit line ahead of time, because debt will remain the same and will not be modified by the simple fact of advancing some paymentin addition to the fact that a bonus will not be granted, in addition to the fact that this type of advance payment is not usually necessary to maintain a financial health.
BANXICO REPORTS INCREASE IN COST OF CREDIT CARDS
Although these objects are usually tools that can help you finance the purchase of goods and serviceseven in recent years they have registered an increase in their acquisition, although for others they went from being a benefit to being a headache.
And it is that in this same period of time, the cost of the same shot up to more than double, as reported by the Bank of Mexico (Banxico)as some users have even ended up paying up to 130 percent of Total Annual Cost (CAT)which means that they came to pay about 6 thousand pesos for the annual commission.
It must be pointed out that the CAT is a standardized measure of the cost of financingwhich is expressed in annual percentage terms, for information purposes, with which consumers can compare the figure that incorporates all of the costs and expenses of the credits granted by the institutions.
Finally, contrary to what logic might establish, the cards The classic ones are the most expensive in the market, compared to the gold and platinum ones, they report that although they usually have a more outrageous annual commission, they offer a greater line of credit, more promotions and benefits for users.
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