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Personal finances have positioned themselves as a subject that demands knowledge in terms of spending or handling money. One of the biggest concerns that people have is debt, but there are also those who seek to save or migrate to other alternatives, such as credit.
Usually, one of the credit modalities is through a card that is basically a plastic with which you can make payments, transactions and acquire goods or services without the need for physical money. Nevertheless, Because it is a debt option, there are terms and conditions to be a guarantor of that item.
According to Rankia, one of the main Spanish-speaking financial communities worldwide, the credit card can be understood as a means of payment in which the interest rate that will be charged and the associated costs depend on each lender. .
One of the additional costs of having these types of cards is the handling fee. According to Saber +web platform for training and education in financial education, this extra payment is “the cost that is consigned for having a credit quota available with a financial institution”.
The cost of this fee varies depending on the entity, as experts on the subject mention that it is a requirement that is regulated by free competition within the market and is billed in some cases regardless of consumption.
The main reasons why this additional amount of plastic money is charged are:
- Access to face-to-face or digital purchase of goods or services that can be deferred in payments of up to 36 installments.
- Avoid the risk of carrying cash.
- Access to a network of channels such as ATMs, mobile banking, emergency advances (withdrawal of credit money) or assistance for travel, vehicle, among other aspects, according to the blog of my pocket
For its part, the Financial Superintendence of Colombia (SFC) shares that in the country, the cost of this plastic can range from $14,900 to $42,900.
Many think that having a credit card is acquiring an unnecessary debt, but not everyone has the same amount of income to meet their needs or make their dreams come true. such as buying a home or own car.
In that sense, Rankia maintains that there are advantages of acquiring this method of money and they are:
- No interest is generated if the installment is deferred to a single payment.
- You can access a balance higher than the one a subject receives from their income.
- It has additional benefits in redemption of points to buy items and trips. In addition, you can also access promotions and discounts with commercial establishments allied to the credit provider.
- Improves credit history one of the torments that hundreds of clients face when looking for a high silver loan.
How is the handling fee charged?
Saber + specifies that, in general, financial institutions use two forms of payment:
- Anticipated: the credit provider invoices the installment before the established month or period. For example, the payment corresponding to June is collected in May.
- overdue: As indicated, the payment of the fee is made at the end of the month, that is, after the period of use. For example, the April fee is paid in May.
The Superintendence of Industry and Commerce says that The most convenient thing to access a credit is to focus on the search of not only satisfying first-order needs, such as food or clothing, but also think about the implementation of a business, purchase of real estate and the start of a business.
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